Topic: Is Bitcoin In Bullish or Bearish Trend? - page 2. (Read 990 times)

Not all of them, just the big ups and downs that are worth considering. This only happens if the trend lasts more than a week and it is difficult to get a trend reversal in the near future due to fundamental factors. If the price rises within a day but falls to its original position, then it is not bullish, but if the price rises periodically and lasts for a long time then this can be considered bullish and vice versa.

Currently, I think it is bullish as the price has been rising periodically since January 2023. This has been going on for almost 11 months, so it is somewhat reasonable to call it bullish even though we are still far from the previous ATH. Today bitcoin is still trying to break through the $38k resistance, but somehow it still looks difficult even though it is only a few hundred dollars away.

Whenever Bitcoin would really be increasing then we would be thinking about being BULLISH!
Whenever Bitcoin would really be that decreasing then we would be thinking that we are BEARISH!

Anytime it could really changed basing up on the price that we are currently experiencing but in overall we could be able to see and notice out on whats the current market trend basing
up on the price movement. Its true that this is something that cant really be known or something that could be predicted on which it is really just that normal that we would
really be having those kind of second thoughts on making up some position just because the price is really that moving upwards and downwards.

You would really be able to avoid all of these things on the time that you would be deciding to hold for long term but if not then active trading or engagement
is something you do prefer then it is really just that normal that you should really be that wise on taking up decisions because dealing up with
this volatile market is never been that easy or simple.

It might seem too early to conclude if the bull market is here or not but base on the characteristics of the market now, it is actually a bullish market. For the noticeable period, Bitcoin moved from $26k to over $37k before retracing to $36k. A gain of over $10k dollar is a huge one. What is even very interesting is that Bitcoin have not shown any sign of dropping soon, this means the bulls are very much in charge of the market as of now.

As we reach next month, many of these things will become clearer as the market will give a clear direction where it wants to go before the end of the year.

I do believe that it is not a simple situation and could be considered a little different, I think it is quite important to realize that we are not going to end up with anything that would be all quite that simple to handle, and should be considered a little different if we are given the right amount of time.

I understand that we are not going to end up with a situation that would be all that easy to handle and could be considered that bitcoin could keep on growing bigger and bull run could keep going higher. I think it is quite difficult to handle because it is not a simple thing, and people keep thinking that because it has already gone up, a drop could be more possible to take a profit, but I think even higher is more possible.

We do not know whether Bitcoin's recent price increase will continue. Also, I don't know if we should be too optimistic that the ETF will have the expected impact. Of course, it will have a positive impact on the market, but I am not sure if it will be as high as expected.

I don't think Bitcoin is in a bull season right now. I can call this period as the preparation period for the bull. September was a very good month for Bitcoin. I don't have a price prediction for November, but I wonder if we will see 40 thousand by the end of the year. In general, I think it is best not to be hasty about the Bitcoin price and watch the market.

November will be the point of the next price increase or even the point of correction again for Bitcoin, this moment should be a step for anyone who already has the desire to invest. It is certain that people's interest in bitcoin will continue to emerge all the time and there are reasons why bitcoin should be a priority in the investment chosen. In November, I don't think there will be a significant increase and Bitcoin tends to be in the range of $32k-$30k for its lowest price and there will definitely be a small correction even though currently it is still at $34k.

There is no stable price in the course of bitcoin and at least that is what I have seen so far regarding the development of bitcoin, of course it will be difficult to ensure large profits in the short term and if capital accumulation in bitcoin is small then it will definitely be much more difficult and there will be almost no opportunities because of the market much more volatile and changes so quickly. Generally, in the long term, Bitcoin always experiences price increases and this can be seen from existing historical data. But in the short term, increases and decreases will be two things that continue to happen and will affect the psychology of people who do not have strong knowledge about investment.

Even though in the long term there are the same ups and downs as there are in the short term, people can apply a holding pattern to avoid losses caused by downturns. That's why long term is one of the best strategies that can be utilized by people who do not have strong knowledge in analyzing the market.

I don't think we'll see Bitcoin in a bearish trend again before the year ends as we're heading into next year which is the year Bitcoin block reward halves an after the bull market, the time when Bitcoin was bearish has passed so we have very little time left to buy before the price starts pumping. The market has been green for some days and it's a good sign. $35,000 would likely be the support for some time untill we get full confirmation of a bullish trend due to Bitcoin halving.

The price I'm monitoring is $37,500 as I see some resistance there and if Bitcoin passes that price then we can see $40,000 before the months ends. Looking at the chart I don't see any bearish trend so I'm very confident we'll be endings the year bullish. This is the end of the year but I don't think the market will be affected as before with some individual withdrawing their profits to go spend with their friends. We'll see a bullish trend throughout the end of the year.

October is over and now everyone is in November with a pretty good price increase still going on for Bitcoin. I am also quite sure that now there are many people who have opened their eyes again to see the increase in the price of Bitcoin in the market so that it has started to spark interest in buying Bitcoin before leaving this year full of memories. Apart from that, I also assume that the bullish trend is starting to approach with signs of increasing prices and also through the increasing purchasing power of everyone in the current market.

The short-term journey in Bitcoin will be less accurate to use as a conclusion, because if you want to see the stability of the value and price in Bitcoin, I think it would be better to accumulate it in the long term. A closer example is this year, where everyone can see what Bitcoin's condition was at the beginning of January and compare it with the current condition in November. Everyone will find quite a lot of differences because in general Bitcoin is increasing in price, not decreasing even though price corrections are always present in the market.

For me this is a normal thing that happens because there are no exact predictions that are always expected and maybe because several events made some people see that in October there was no significant increase in Bitcoin. But we are in a significant bull run and perhaps the resistance point will increase further, Bitcoin's performance will influence people's views and when the expected decline turns into an increase, there are other patterns that must be implemented by Bitcoin holders in the short term.

Not everyone understands Bitcoin's short-term journey because it is much more difficult to see the potential. For example, this week we see the market is much greener and no one knows that tomorrow or next week we will see the market turn red. Isn't that why Bitcoin is considered one of the best investments in the long term because it has the power to maintain value.

I also believe that we shouldn't get excited too early, I know that Bitcoin has shown great growth for the last few days and we have also seen it touching $35.8k once in these days but came back down very quickly. So, we can't be sure if the market is already experiencing a bullish trend or if it's just a small pump that will be followed by a dump after a short while. September ended with a blast, and now it's November's turn to show what it has got for us.

I was personally optimistic that the price would at least go above $40k before we say goodbye to 2023, and even though the market is showing great growth, I feel it won't be achieved this easily and there will probably be some hurdles in the way before it goes across $40k and takes the resistance level higher once again.

Even if we consider the not so long period of bitcoin history, it is still clear that bitcoin has been in a bullish trend for almost a year. Perhaps the growth in October and the breakdown of resistance may indicate a new local growth. I think it is still early for the bears. There will be corrections, but the bearish season ended in January.

What I'm talking about are short and medium term observations, I don't mean long term. For example, in October when the price of bitcoin dropped, everyone thought that the October bull run did not go as predicted, and there would be no UPTOBER as history has shown us. But then at the end of October, we had a spectacular growth and people changed their opinion about bitcoin again, people became more optimistic. It can be said that people's psychology is changing with the movement of bitcoin.

What you're talking about is long term and I think everyone understands that. In the long run, if we zoom out on the bitcoin chart, we see bitcoin will only increase and increase.

Yes I do also think it is very possible we are going to see Bitcoin price of $100,000 in year 2025 maybe before that. We are seeing the price go down below $35,000 but it does not stay there.

I think $35,000 is going to be the new low price before we see big profits for when we see approval of a spot bitcoin ETF. And I think that will happen before 2024.

Bitcoin is currently trending higher similar to the bull season we are seeing. Earlier last month we also saw the price of Bitcoin close to a very low point and then we thought that the Bitcoin market was not in a bull position but in a bear position. However since we are at $35000 right now we are optimistic that something better is in store for us. As we know Bitcoin price pumped to all-time highs in 2021, we can expect more from the way the market is going now. Since 2024 is the year ahead, we have plans for a massive halving, and if there is one, we will see the Bitcoin market at even higher levels. And in 2024/25 Bitcoin price will start a great bull season when the price of Bitcoin will cross almost $100,000 and it will set a new all time record for Bitcoin. As Bitcoin market candles are currently green, we can say that we are currently moving towards a bull season and Bitcoin price will gradually rise further.

It is definitely not looking like bullish at the moment looking at how it's not going up right now, but at the same time I think it is clear that we are at a point where it's doing fine, and should be proud of what it's doing at this moment, shouldn't be really worried about it. I get that life is not always all that simple to handle, but at this current moment it looks as if it's quite possibly the best we could see.

I believe that given enough time bitcoin will grow, it is not going to grow right away tomorrow, or maybe it will start there too, but I think the main understanding will be that it is going to grow after a while and could be doing a lot better. I hope that we could see a quick change but I am guessing that it will not be as quick as people think it will be, it could take months before it starts to go up but as long as it can keep going up then we should be considering that as a change of pace and could definitely help out as many people as possible.

Don't rush in assessing current market conditions even though the Bull trend also comes from small increases that continue to become big until everyone starts to be surprised when they see the market. An increase in price from $27K to a price of $35K is a very common thing for Bitcoin even though this year often seems to be very difficult for price increases, but it is a very normal thing for Bitcoin because Bitcoin is still able to increase more than that this year.

Everyone has their own percentage number in assessing something, including a bull trend in the market and Bitcoin, meaning that you yourself will not be wrong if you consider a bull trend after seeing an increase of more than 20% in Bitcoin, but I will consider a bull trend when Bitcoin has increased to close to 50% of the previous price benchmark ($25K to $50K).

When we consider the duration in which the previous dip last, the market have sustained alot of bear and maybe this is just the beginning of the new season for it to pump, we still have a long way to go because the bitcoin market all time high had been $68,000 and we are still at 34,800 which indicates we are still moving ahead gradually till we approach the next year halving, when another bull market will be experienced and bitcoin will face another new all time high.

The market does seem to be strong at the moment because it is not going down that much and after every small dip, it goes higher than the previous monthly high which was $35.2k before, and now it has gone above that already. So, the whole market must be bullish at the moment except for those who are never happy and are always panicking even if the market is rising more than the amounts it's dropping because they are new in the cryptocurrency market.

I wasn't expecting this, to be honest. I thought that the market wouldn't be able to go across the resistance at $35k so quickly and would have a hard time going above that but I guess I was wrong, and the new target is $40k now and we got to see if it can hit that mark easily as well and if that happens, it will become prominent that we are already in the bull run.

Since bitcoin is performing very well in the market, I am convinced to say that its price is certainly more bullish compared to its previous market price. And I think the fake approval of bitcoin ETH has helped it to be where its currently positioned right now. But definitely, when this ETF will be finally approved, expect that there will be more price surge for bitcoin.

However, I can't also tell that the bearish days for bitcoin are now gone. As long as the market is highly volatile, there will always be chances to see bitcoin price dropping again, but that's just to prepare us for it's new all time high adventure.

Bitcoin is currently showing positive position in the market so I can actually say the bitcoin is in a bullish trend. But its never enough to say that we are actually starting to see a real bull run in the making. Of course, Im not expecting that it will happen this year but most likely the following year since  we have two exciting events that are going to take place, the supposed to be approval of btc ETF and the most awaited bitcoin halving that will bring positive changes in the market. Although we don't know what the future holds, but Im way more optimistic that they will end up with great results.