Is Bitcoin Bear Market over? - page 5.

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Quote from: Webetcoins on November 29, 2023, 01:14:09 PM

What should one consider a property of the bear market and what will be a sign of a bull market? Because the market has already recovered from the bottom and we have recently seen it gaining traction and moving from around $26k to $37k where it is right now which should be at least an indication that the bear market is gone and we are just in the recovery phase right now hopefully until the halving event and then the bull market will begin picking pace moving towards setting a new all-time high possibly around $100k or more.

So, we can't say that the bear market isn't over because we are not moving down anymore, and a bear market means that the market keeps dropping value and stays at the bottom but downside movements have long stopped and we have recovered from $16k to $37k so far which is the proof that bear market is gone for this cycle.

Even someone that does not know much about the market should realize that the bear market has been over for quite some time already, and what we are seeing are the first signs that the bull market is coming, the signs are still weak as we are still far away from the previous ATH, but they are there, and once the halving takes place and the market feels the drop on the coins obtained by the miners, that is when we will begin to see a slightly faster growth on the price of bitcoin.

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Quote from: danadc on November 29, 2023, 02:08:35 PM

Quote from: Webetcoins on November 29, 2023, 01:14:09 PM

Quote from: Myleschetty on November 25, 2023, 12:01:37 PM

Quote from: Don Pedro Dinero on November 24, 2023, 11:29:30 PM

I also believe that the bear market is over. We bottomed at $16,500 and since then, albeit with ups and downs, the price has been rising to where we are now. At the point in the cycle that we are at, with the halving in half a year or so, I think it is quite unlikely that we will go down to $20,000 or so, which would make us think about the bear market again.

The $16,500 may be the bottom price but the bear market is not over until next year, judging by the previous market the Bitcoin trend will be up and down until it's next year when there will be enough pressure in the market which will spring up the rally market.

What should one consider a property of the bear market and what will be a sign of a bull market? Because the market has already recovered from the bottom and we have recently seen it gaining traction and moving from around $26k to $37k where it is right now which should be at least an indication that the bear market is gone and we are just in the recovery phase right now hopefully until the halving event and then the bull market will begin picking pace moving towards setting a new all-time high possibly around $100k or more.

So, we can't say that the bear market isn't over because we are not moving down anymore, and a bear market means that the market keeps dropping value and stays at the bottom but downside movements have long stopped and we have recovered from $16k to $37k so far which is the proof that bear market is gone for this cycle.

I don't see a bearish market, the bearish market is something they make any movement but then it falls and falls more in price, I have not seen it fall, it has only made corrections that are very normal in a market, and bitcoin has many warnings that it is going rise, it is doing it in a very moderate way, it may be that it is making movements little by little , but the large institutions are buying and buying, they do not want to sell because it is known that a very big movement is coming for bitcoin and that may be that go up more in price, I don't see any other option, any article is suggesting it, it is not entirely reliable, but it is a good option to make.

You have to buy all the bitcoin you can, the more satoshis you can generate, buying is better because that will be better than gold, it may be that when it goes up it will do so at a fairly high ATH and that is what can be seen and It can almost be felt , it may be that people don't see it anymore, but when bitcoin goes up, everyone is going to buy.

Corrections and consolidations are normal but we cant really deny that we are really gradually seeing increase in price on which we can really tell that we are gradually making recovery wayback from those
previous all time highs on which we could really say that it is really that something good to see on where recovery is really that happening. We cant really tell that bear is over though yet news could
popout like just magic and then it would start on crashing the market once again as if there's nothing happened. This is why if you are someone whose really that dealing with this market for a while
then it is really that impossible that you cant really be able to determine in regarding about differences in price. Market is bearish? I could say that we are gradually trying out to get out of that
condition and it seems that the market is really that trying to recover. I do still wait for that huge final dump before we do take off.

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Quote from: Webetcoins on November 29, 2023, 01:14:09 PM

Quote from: Myleschetty on November 25, 2023, 12:01:37 PM

Quote from: Don Pedro Dinero on November 24, 2023, 11:29:30 PM

I also believe that the bear market is over. We bottomed at $16,500 and since then, albeit with ups and downs, the price has been rising to where we are now. At the point in the cycle that we are at, with the halving in half a year or so, I think it is quite unlikely that we will go down to $20,000 or so, which would make us think about the bear market again.

The $16,500 may be the bottom price but the bear market is not over until next year, judging by the previous market the Bitcoin trend will be up and down until it's next year when there will be enough pressure in the market which will spring up the rally market.

What should one consider a property of the bear market and what will be a sign of a bull market? Because the market has already recovered from the bottom and we have recently seen it gaining traction and moving from around $26k to $37k where it is right now which should be at least an indication that the bear market is gone and we are just in the recovery phase right now hopefully until the halving event and then the bull market will begin picking pace moving towards setting a new all-time high possibly around $100k or more.

So, we can't say that the bear market isn't over because we are not moving down anymore, and a bear market means that the market keeps dropping value and stays at the bottom but downside movements have long stopped and we have recovered from $16k to $37k so far which is the proof that bear market is gone for this cycle.

I don't see a bearish market, the bearish market is something they make any movement but then it falls and falls more in price, I have not seen it fall, it has only made corrections that are very normal in a market, and bitcoin has many warnings that it is going rise, it is doing it in a very moderate way, it may be that it is making movements little by little , but the large institutions are buying and buying, they do not want to sell because it is known that a very big movement is coming for bitcoin and that may be that go up more in price, I don't see any other option, any article is suggesting it, it is not entirely reliable, but it is a good option to make.

You have to buy all the bitcoin you can, the more satoshis you can generate, buying is better because that will be better than gold, it may be that when it goes up it will do so at a fairly high ATH and that is what can be seen and It can almost be felt , it may be that people don't see it anymore, but when bitcoin goes up, everyone is going to buy.

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Quote from: Myleschetty on November 25, 2023, 12:01:37 PM

Quote from: Don Pedro Dinero on November 24, 2023, 11:29:30 PM

I also believe that the bear market is over. We bottomed at $16,500 and since then, albeit with ups and downs, the price has been rising to where we are now. At the point in the cycle that we are at, with the halving in half a year or so, I think it is quite unlikely that we will go down to $20,000 or so, which would make us think about the bear market again.

The $16,500 may be the bottom price but the bear market is not over until next year, judging by the previous market the Bitcoin trend will be up and down until it's next year when there will be enough pressure in the market which will spring up the rally market.

What should one consider a property of the bear market and what will be a sign of a bull market? Because the market has already recovered from the bottom and we have recently seen it gaining traction and moving from around $26k to $37k where it is right now which should be at least an indication that the bear market is gone and we are just in the recovery phase right now hopefully until the halving event and then the bull market will begin picking pace moving towards setting a new all-time high possibly around $100k or more.

So, we can't say that the bear market isn't over because we are not moving down anymore, and a bear market means that the market keeps dropping value and stays at the bottom but downside movements have long stopped and we have recovered from $16k to $37k so far which is the proof that bear market is gone for this cycle.

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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 🤔💭

OP, if I may ask, what's your defined price of bitcoin, regarding it to be a bearish market price? For me, I can call a Bitcoin to be bearish if it fluctuates below the $20k price. I don't know about you, but which price you would prefer to call Bitcoin to be at a bear market

A below-price of $20k happened earlier this year, since then till now, Bitcoin hasn't gone down in price to that amount. It has been increased to $38k, which has caused the price of bitcoin to be higher than my stated bitcoin bearish market price.

cryptoknightt

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still not but we are not seeing very high declines anymore. now the market is stable and trying to break 40k.
if bitcoin can penetrate 40k maybe we can see 50k by the end of this year although my prediction is that bitcoin will not reach 50k this year.

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Quote from: huu78 on November 28, 2023, 02:46:19 AM

in my opinion bitcoin will still fall again, and is currently sideways and retesting whether it can survive and rise or not, but news also affects the price of bitcoin so you have to pay attention to that too.
right now some bad news is circulating, the market is trying to hold on, but there will definitely be a dip after last october's rise, at least the market will dump a little before going higher.

At least we have move past the price wherein we have tested or moving sideways for a long time, $26k-$28k. And with that it's a good indication that now we are trading at around $37k as it's a huge jump already.

And I'm not seeing another fall though, it's very volatile yes, but as you have said, it's holding way above $37k and most likely even if we end at this month, we should be happy and positive about it. And maybe in December $40k will be there for us to take before the end of the year and then prepared us for the next block halving and what follows could be one of the biggest bull run again in it's young history.

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in my opinion bitcoin will still fall again, and is currently sideways and retesting whether it can survive and rise or not, but news also affects the price of bitcoin so you have to pay attention to that too.
right now some bad news is circulating, the market is trying to hold on, but there will definitely be a dip after last october's rise, at least the market will dump a little before going higher.

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

Quote from: KingsDen on November 27, 2023, 12:26:09 PM

Quote from: Don Pedro Dinero on November 24, 2023, 11:29:30 PM

I also believe that the bear market is over. We bottomed at $16,500 and since then, albeit with ups and downs, the price has been rising to where we are now. At the point in the cycle that we are at, with the halving in half a year or so, I think it is quite unlikely that we will go down to $20,000 or so, which would make us think about the bear market again.

Another reason I became confident that the bear market is over is because of the Binance and CZ drama that just happened.
Well, assuming CZ's resignation happened during the bear market, the BNB and Bitcoin price would have dropped significantly upto 20%. But as the news broke out, it didn't even affect the market upto 24hrs and everything became alright again. That is a very good indication that the bear market is over.

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.

BNB doesn't get a huge impact but the exchange itself, however, the confidence of the holders will then weaken unlike on the days when there is no issue with them. But this won't matter a lot in the entire market which is why the news never gives any changes to the trend of other projects/coins like Bitcoin and ETH. By now, we are moving forward, the market still looking good despite the news and it was good to see that people had learned already. The market looks bullish by now but not totally bullish at least it shows some indications which could make us more optimistic about it.

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Quote from: KingsDen on November 27, 2023, 12:26:09 PM

Quote from: Don Pedro Dinero on November 24, 2023, 11:29:30 PM

I also believe that the bear market is over. We bottomed at $16,500 and since then, albeit with ups and downs, the price has been rising to where we are now. At the point in the cycle that we are at, with the halving in half a year or so, I think it is quite unlikely that we will go down to $20,000 or so, which would make us think about the bear market again.

Another reason I became confident that the bear market is over is because of the Binance and CZ drama that just happened.
Well, assuming CZ's resignation happened during the bear market, the BNB and Bitcoin price would have dropped significantly upto 20%. But as the news broke out, it didn't even affect the market upto 24hrs and everything became alright again. That is a very good indication that the bear market is over.

It could be that cz stepped down as Binance CEO because Binance has real problems worldwide. We don't know the real reasons why this happened. But if something happens to the exchange in the near future, the market will easily become bearish.

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Quote from: KingsDen on November 27, 2023, 12:26:09 PM

Quote from: Don Pedro Dinero on November 24, 2023, 11:29:30 PM

I also believe that the bear market is over. We bottomed at $16,500 and since then, albeit with ups and downs, the price has been rising to where we are now. At the point in the cycle that we are at, with the halving in half a year or so, I think it is quite unlikely that we will go down to $20,000 or so, which would make us think about the bear market again.

Another reason I became confident that the bear market is over is because of the Binance and CZ drama that just happened.
Well, assuming CZ's resignation happened during the bear market, the BNB and Bitcoin price would have dropped significantly upto 20%. But as the news broke out, it didn't even affect the market upto 24hrs and everything became alright again. That is a very good indication that the bear market is over.

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.

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Quote from: Don Pedro Dinero on November 24, 2023, 11:29:30 PM

I also believe that the bear market is over. We bottomed at $16,500 and since then, albeit with ups and downs, the price has been rising to where we are now. At the point in the cycle that we are at, with the halving in half a year or so, I think it is quite unlikely that we will go down to $20,000 or so, which would make us think about the bear market again.

Another reason I became confident that the bear market is over is because of the Binance and CZ drama that just happened.
Well, assuming CZ's resignation happened during the bear market, the BNB and Bitcoin price would have dropped significantly upto 20%. But as the news broke out, it didn't even affect the market upto 24hrs and everything became alright again. That is a very good indication that the bear market is over.

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Arguably the bear market was over this entire year, we just needed time to prove the premise. A small amount who believe that is not enough, more evidence is required for a broad market rally. The reason confidence can grow is multi faceted, both trend, volume support in areas under traded and the moving averages reflecting positively on multiple time frames. Between all those measures people from multiple perspectives will accept that BTC has the ability to regain regularly is more a buy then sell.
The final key to me that is not there yet is outside BTC, its the dollar index. We sit in a larger pool of liquidity and DXY or dollar index was gaining last year and this year. I wont take us to be fully bullish until DXY falls below 100; we had an attempt prior this year now this next attempt will be the retest etc. can take many months as its trillions of dollars globally.

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We will see different worth of bitcoin till April of coming year because crypto market is volatile and we cannot see continues dump or pump condition. Green days are yet continue but no one knows that how long this will last because continuity never exists in crypto. In past bitcoin hit the higher value of 69k$ so it is estimated that in future Bull run it will go ahead from this value. Everyone is in hope for green market but no one knows the reality that when will be green light or when will be red because there are few months remaining till April and halving as well as Bull run will be initiated in April.

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Quote from: Myleschetty on November 25, 2023, 12:01:37 PM

Quote from: Don Pedro Dinero on November 24, 2023, 11:29:30 PM

I also believe that the bear market is over. We bottomed at $16,500 and since then, albeit with ups and downs, the price has been rising to where we are now. At the point in the cycle that we are at, with the halving in half a year or so, I think it is quite unlikely that we will go down to $20,000 or so, which would make us think about the bear market again.

The $16,500 may be the bottom price but the bear market is not over until next year, judging by the previous market the Bitcoin trend will be up and down until it's next year when there will be enough pressure in the market which will spring up the rally market.

Yes, the bearish market is not over yet. At least we still see market conditions fluctuating. But for now, the market is trying to recover so we have to be more patient. But now the market has been able to increase from its lowest price so we can feel a little relieved.

Our wait to see the bear market come to an end is fast approaching. But we still have to be alert to the decline, which hopefully won't be too deep.
Currently, we can still accumulate bitcoin before the price actually reaches a higher price than it does now. If that happens, we may be too late to buy at low prices.
Prepare yourself for the arrival of the bull market and remember to set a price target for selling your bitcoin and altcoins.

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Quote from: EarnOnVictor on November 25, 2023, 10:56:45 AM

Quote from: Rabata on November 25, 2023, 06:08:51 AM

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 🤔💭

We have long been involved in Bitcoin's bearish market. If we estimate that Bitcoin price was at its lowest point in late 2022 at the end of the 2021 bull run, then we have definitely overcome the bear market. Although the market is yet to start that bull run, we could get it soon. However, since the crypto market is an uncertain platform, we cannot give absolute guarantees. As per the current market conditions we get the impression that we are slowly moving towards a bull market. Currently the price of Bitcoin is above $37k any time we see the price of Bitcoin touching $40k. I think this trend will continue until the next new ath.

Emphatically and without any apology, Bitcoin is now bullish in the long-term disposition and I do not see anything stopping it from continuing to buy till next year. However, it might not make a significant breach of $40,000 until next year against what's widely conceived but might also not breach below $30,000 either till next year. The bullishness of Bitcoin is deserved and well overdue after years of long-term bearishness, this was aggravated by inflation and is a very good call for everyone to ensure that they know how Bitcoin behaves so well before they deal with it.

Also, what I see that is beyond the assertion of whether it's bullish or bearish is to know how to properly guide ourselves on when to buy and when to sell the coin (exit), this is equally good as knowing when to buy/sell (entry) which most people are often blinded/engrossed with than the exit. At this time, everyone can continue to make their buys as the coin will never make any significant bearish movement again until the post-halving time which I believe would be more than 1 year from now. Nonetheless, every Bitcoin lover should be in by now and be learning the best ways to opt-out in the next 1 year.

Predictions are made for Bitcoin, but they are all just assumptions. Of course, everyone has their own ideas, but it would still not be right to ignore the risk of decline. There is always a risk that the market will fall. So what you say may be true, but there is no certainty and we have no possibility of knowing this certainty. So I think you should always be careful and take your risks accordingly.

I'm not saying what you say is wrong, I'm just saying you should invest more carefully. To say it will never experience a significant decline again is a very bold statement.

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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 🤔💭

Bitcoin as we can see has grown more than before and the market has improved. At $37,000 the current price of Bitcoin is almost the highest it has recorded this year, we have seen the Bitcoin market drop to a very low price. But currently it has turned back into green candlesticks in the market. As we look at the current position of the market we can understand that it is not moving down but slowly moving up. According to that we can say that the Bitcoin market will grow more magnificently in the coming days and will pump better than the current market. I think in general the reason Bitcoin is so high right now is because of the halving in 2024 and the bull market the year after that. And around all these the Bitcoin market is steadily increasing day by day and the fear of it going higher is increasing and the demand is also increasing.

jeraldskie11

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Quote from: bestcoins1 on November 25, 2023, 11:18:29 AM

Quote from: jeraldskie11 on November 25, 2023, 09:40:31 AM

In my opinion, bull market happened since march 2023 after it broke the $25k resistance. Just because we are in the bull market doesn't mean we can't see red days. There is always a green day in the bear market and there is always a red day in a bearish market. It's because the market will always make a retracement because there's more demand in the discount zone waiting to fill and send the price higher. Maybe couple of days or weeks from now, retracement will begin and possibly hit $30k, and it's a bearish trend in lower time frame.

Currently the price of Bitcoin is still quite close to $38K, where the low zone may not reach $30K again if a retracement occurs again in the market this year. Soon we will all be in December and I also estimate that a price decline is still very possible in the market, but it will not reach $30K. Because the potential for price increases is still very possible for Bitcoin if demand never decreases and continues to increase in the green zone.

Honestly, $30k is very possible to happen because it's a support zone. We traders and investors might believe that the price won't go down because of the strong demand we currently see in the market. But because there's always a manipulations in the market, the bad news can make the price go dip and we can't resist it since institutions and big banks are behind of the selling pressure. We small traders can't help it but to ride with the trend.

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Quote from: jaberwock on November 26, 2023, 01:09:41 PM

Actually, the increase have once again stopped a long time ago. Can't you see that we are still stuck at $37k? Plus there are negative news forming again in the market like the collapse of certain crypto exchanges.

Now will you still say that we will be seeing a greed day? I doubt it. We only have a few time left before we finally end the year, so I don't also think that we will achieve those prices you are calling there. If in case there is a miracle that happened and BTC starts to move up wards again, I think the max that we can get is $45k plus, but it may not touch the $50k mark. I guess that was still an acceptable price for you, since the gap aren't that far.

Agree, we have to be realistic about reviewing accurate market predictions for 1 more month before next year, the price in December will be the determining factor for market predictions ahead of next year's halving, I hope the market has a positive impact in December and the market price can close at $45k this year.

However, if the market corrects at the 30k level then I will increase investment because there is a high chance that after the halving there will be a bullish market because we have reviewed the increase in prices after the halving period from the previous graph, I expect positive things from the predictions after the halving, but I remain focused on increasing investment at a lower price than the current market.

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Quote from: bettercrypto on November 25, 2023, 06:09:27 PM

Quote from: Rabata on November 25, 2023, 06:08:51 AM

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 🤔💭

We have long been involved in Bitcoin's bearish market. If we estimate that Bitcoin price was at its lowest point in late 2022 at the end of the 2021 bull run, then we have definitely overcome the bear market. Although the market is yet to start that bull run, we could get it soon. However, since the crypto market is an uncertain platform, we cannot give absolute guarantees. As per the current market conditions we get the impression that we are slowly moving towards a bull market. Currently the price of Bitcoin is above $37k any time we see the price of Bitcoin touching $40k. I think this trend will continue until the next new ath.

You are correct about the length of time we have to wait during the bear season, but we are still in the cryptocurrency business. Of course, even if we have exited the bear market, there will still be a reduction in market prices. As a result, it will undoubtedly deviate from the trend.

Instead, an uptrend will occur, which we will undoubtedly see in the following days, weeks, and months. Profiting appears to be simpler in these times, and only those with trading understanding comprehend this.

How we do able to recognize or point out that we had already exited the bear market? 50% already on its ATH? There's no way that we could tell but at least it is really that good to see that we are really
making these gradual increase which is way more than that we had experience at the bottom which is on $15k which we are already x2.5 on the current price now and 50% to hit up that ATH.
Now that halving event is really that fast approaching then this is the only time i could say that we do able to enter the bull market but just like into those experienced ones where we do able to
experience that last dip before it would shoot up. The main question is on when it would happen? No one really knows and this is why it would be wise that we should really be
prepared some money for making some DCA.

Everything which is before the halving event cant be considered to be having that bull run. We do really need to pass first before we do assume
that we are exiting the bear trend. Somewhat it is really just that cant be too easy to tell on where it would be going and its a normal approach
that we would really be that continuing on trying to look for different entries and maximizing possible bottom.

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