Is Bitcoin Bear Market over? - page 8.

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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 🤔💭

Since the frequency in increase of price is more than the decrease in the price in the market, so with this it tells that the bear market is over. The market keeps increasing every day and not static unlike some months ago. This time around in the market there are more green candles which is another evidence to see that we are entering into the bull market. One thing I observed in bear market's is that their are always red candles, it is either the prices of bitcoin decreases drastically or remains stagnant for a while. From what the market is like is not what can be called a bear market.

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At the end of the different opinions you’ll get, do not forget that it’s just speculation and Bitcoin has its own unique way movement to determine its price at the time.For now, I’ll say it’s unlikely that we’re still going through or into the bear market, but like I said, that statement may not be true by next tomorrow as Bitcoin can choose to follow any direction at any minute.

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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 🤔💭

Well, as long as the bullish season has not started yet, then maybe I can say that we are still in the bearish market although bitcoin price is not that low anymore. I can only say that this bear season is over when I finally witness these crypto coins surging in prices because if that appears consistently, then it's good to say that we are near to start the bull season.

However, that's not my concern these days because I'm still enjoying the current good position of the market and bitcoin price that becomes more appealing these days. Hopefully, this is the start of a bullish market.

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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 🤔💭

Asking for a chance, it is definitely we have and we are about to leave the bearish situation already. However, we couldn't just leave too confident that we can no longer experience drops again knowing that the market is unstable, the price will pump and also it dump. But we are too optimistic with the current pump situation of the market as we move far from $30k where the price of Bitcoin has been stuck for a few months. Almost all of us are looking forward to a greeny day, especially as the halving comes closer.

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Quote from: Zlantann on November 20, 2023, 12:10:30 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 🤔💭

I don't have any direct answer to this question because the Bitconsphere is highly unpredictable. The price has been moving high for the past few weeks and it is unlikely that the price might go to less than $30k. But we should always acknowledge that a single event can drive the price down. We saw how the war in Ukraine and the fall of some crypto-related businesses led to the fall of the price in the past. Therefore there is no certainty that we are in the bull run. However, some positive news such as the spot Bitcoin ETF and maybe the adoption of Bitcoin by Argentine can sustain the price until we get to the halving period.

Bitcoin market is never over, if we look very well to the recent days, we've been on to $37,000 and from there we have also experienced some bears taking us back to $35,000 to $36,000 but the season is currently bullish because there have always been resistance over the bear to maintain the bull, more so as we continue to move towards the halving, we will be having both the two together but the bull will always sustained over the market till we are off the bull season again, for now, althrough the year, we are bullish and most likely till after the halving.

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Giving a definite answer to this question at the moment is something I can't be definite about because the market continually experience changes on daily basis because that the dynamics of the market but overall, Bitcoin have a market cycle with which if we were to follow, then we could have a sentiment to which an answer could be given to this question.

There's usually a bullish and bearish market cycle for Bitcoin. Currently if we are to count in that four years circle, after the last bull, we could say we are about exiting a bear market and possibly expecting a bull Market in about two years time but the most recent will be the halving which will be characterized with some bullish movement and last some bearish movements aswell but they would be just temporary until the halving is over then a proper Bull will set in, mind you this analysis is based on the Bitcoin Market 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 🤔💭

Cant really say that the bear market is over yet green days is really just that normal on this space. There's no way that it could really be that be called some sort of bullish run but rather it would really be just an another day here on crypto. Good thing is that we are really that seeing that prices are really that starting to climb up on which it is really that something which is really that good to look at. Everything would really be considered fine on the time that we are really that seeing gradual increase. Bear market is over if we are already seeing bull run effect which is usually that do happens when Bitcoin halving happens few months after.
We dont know if it would really be that seeing that much more than on previous BR"s but at least it is really that good to see that numbers are starting to climb now.

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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 🤔💭

I think so, the bear market is over when bitcoin hits 16k, that's what I believe at least. I also suggest you do your own analysis before making a decision to buy Bitcoin. What I'm afraid of is when everyone says the bear market is over, and it turns out conditions have reversed, you start blaming the people who say the bear market is over. at least that's what I did when I bought bitcoin at 69k and someone said bitcoin would touch 100k last year. but in the end I think it was completely my fault, and I learned from it.

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If you are asking this question because you are a short term trader who wants to know if you can speculate long on the price of BTC, take note that we do not know for sure what would happen in the short term, the price could still fall in the short term. BTC block reward would be halved next year, and there is so much talk about a spot etf in the U.S., so the long time price may be bullish, especially after the halving, but there is no certain prediction, so do your own research and buy only what you can afford to lose.

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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 🤔💭

The way the Bitcoin market is going right now, we can say with certainty that it will touch $40,000 by the end of the year. Today we have seen the green light in the market and Bitcoin is basically moving steadily forward, currently Bitcoin has crossed $37,000. As we can see the green candles in the market towards the highs, Bitcoin is definitely going to be a bull market. Since a huge Bitcoin halving awaits us in the new year ahead, we can invest now as it is a good time to invest.

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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 🤔💭

In my speculation based on the past Bullrun, this is probably just a temporary pump in the market, but at this point, we are probably going to reach 40k$ or even more before the end of the year and then before the Bitcoin halving event for sure there are going to be a huge pullback or probably even after the Bitcoin halving event like what happened in the past halving events.

So I started selling a small percentage of my investment just to be safe since I invested at a very low price so it wouldn't really hurt to sell some Bitcoin and altcoins at this point since profit is profit it is always a good thing to always take profit since we have a high chance of pullback for sure so we can easily buyback when the market price to back down to around 25k$ but on the other hand you could always do the opposite in case the market price continues to skyrocket but I really doubt that the Bullrun is going to happen in the coming months.

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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 🤔💭

I don't have any direct answer to this question because the Bitconsphere is highly unpredictable. The price has been moving high for the past few weeks and it is unlikely that the price might go to less than $30k. But we should always acknowledge that a single event can drive the price down. We saw how the war in Ukraine and the fall of some crypto-related businesses led to the fall of the price in the past. Therefore there is no certainty that we are in the bull run. However, some positive news such as the spot Bitcoin ETF and maybe the adoption of Bitcoin by Argentine can sustain the price until we get to the halving period.

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First, you may have to move this thread to the specialities board because that is the most appropriate place for this topic and since this is a Bitcoin discussion we may contribute some cent to this topic but make sure you move this topic to the appropriate place for it to gain the right audience.

Bitcoin has indeed done great this period, but we should not be carried away by that we should also be on the lookout for a possible market correction, although no one can say if the uptrend in Bitcoin price direction will continue, but then also we have to be prepared a d not set our mind on one direction market expectations since anything can happen at some point.

So for sure, $27k is not too much of a price for us to start speculating that we are totally out of the bear market, although we can say that, we have gone past the level at which we can be afraid of a major bear attacks unlike when the price was around $15k back then in few months ago.

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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 🤔💭

Looking at how the price of Bitcoin is reacting recently, and the fact that it hasn't fallen all that much recently, one would be tempted to believe that the bear market is almost over. Declaring with certainty that the bear market is gone is still difficult, though. This hesitation is a result of the Bitcoin market's complexity and unpredictability.

Op If you are considering purchasing Bitcoin, I advise you to either do it right away or use a technique known as Dollar Cost Averaging (DCA), which is investing a set amount on a regular basis. This lessens the need to worry about an increase or decrease in the price of Bitcoin. Why? Because we are getting close to the halving phase, which is a hint that a bull run may be forthcoming. But it's crucial to keep in mind that you should only invest money that you can afford to lose.

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It's been a while since Bitcoin bear market has passed else we wouldn't have seen the surge in value of Bitcoin and it would had been struggling between $15k to $20k.But those who had invested when the Bitcoin was above $40k will still feel like bearish market. But for majority who has not invested or invested at the bottom they have already achieved more than 100% profit.But in general some will describe that bullrun has already started while some will say value will go down. My instinct says that this is not a bull run like we had in the past it's bit different and there are fears of market correction as well.

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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 🤔💭

Above 37,000 Dollars is still possible this year. Bitcoin's price achievement in November was the highest for this year. This cannot be confirmed as the highest because there is still one month left. Maybe the price of Bitcoin in December passes the price of 37,000.

Regarding the end of bullishness, I think it may or may not be because there is no certainty about what will happen to market prices.
Rather than thinking that the bullish market will end and the bullish market will return, ignoring it by continuing to hold until the halving is more necessary because the price level has been below for almost nine months.

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The Bear and the Bull Markets are all depends on the time of the persons investment. And I think this have been discussed in other threads and comments were made from different angles and opinions. Like as for me I join this forum and started my bitcoin to the fullness from last year 2022 and at that time bitcoin was on the bear market of 26k$ and if I bought bitcoin at that time, I will not take this time as a bull market but if got into this system when bitcoin was higher then this is a bear market for them.

So at this moment I will say bitcoin is leaving the bear market to the bull market. So everyone should prepare themselves for the great harvest.

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Quote from: Distinctin on November 20, 2023, 09:12:11 AM

-snip
For now, let's just put it this way, bitcoin market is not bearish nor bullish. Whatever its price movements, it has something to do with the current positive news in the market, and not because the bear market has already ended.

From the beginning of the year to March, bitcoin increased from $17k to $25k and from March to now bitcoin is trading above $37k. You're right that we're not really into bull season yet, but is it right to say the market isn't bullish? If you buy bitcoin from 17k and altcoins now you have profit x2 or more. Therefore, this year can still be considered a bullish year for bitcoin if we compare it with the bottom created in 2022. It is very unlikely that bitcoin will plummet again or fall below $20k again, so it can be said that the bear season is over.

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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 🤔💭

Well, it’s okay for you to assume the market is within a safe zone to have speculative assumptions based on the fact that, the bear market recorded its dip around $17k and now, it’s around $37k at the time of making this post. The variance between the current price and dip be ($37k - $17k) = $20k. Now that’s a long way up don’t you think. Also, if we were to make a comparison with the ATH and current price, we would have a variance of ($69k - $37k) = $32k. Now that’s some good improvement and the market continues to head towards an uptrend. While we might not call it a bull market just yet or assume the market to have left it’s bear session, we are within the zones of consolidation where the market could still assume whatever form.

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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 🤔💭

You know I always thought that what we have experienced at the moment is just the result of market correction, and that the bear market will always have the chance to return again when there are negative news and events that would affect the market badly. And if confused why bitcoin price continues to ascend, it started with the fake ETF approval and has continued to surge high from then. The only proof that we are waiting that the bear market is already over is when majority of the crypto coins will experience a positive price increase, and it will only be possible if the real bull run starts.

For now, let's just put it this way, bitcoin market is not bearish nor bullish. Whatever its price movements, it has something to do with the current positive news in the market, and not because the bear market has already ended.

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