Topic: Is the cryptocurrency market entering a bear month? - page 4. (Read 502 times)
If we entered below 40k and we don't win it back, we'r in a bear market. Simple as that, write it down OP
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After all this and after the FED fixes the interest rates, can the Crypto market be expected to switch to a Bear? What are your views on the subject?
We have already reached the peak of the bull cycle, anything else now is just a one last attempt by the whale to manipulated the market to a much higher high so they can offload their coins and wait to rebuy at a much lower price. Watch the market, it's struggling and another negative news now can cause the market to correct massively. Ethereum is falling and many alts has already lost a significant amount of their value.
Right now it's the institutional investors that are still keeping the sentiment positive, a sell move from them would cause a panic and the market will crumble. This wasn't what we were expecting as everyone believe the $100K price value was possible for bitcoin in this bullrun but it seems that won't be happening and even though it does, it won't last just at the $20k value didn't in 2017. We just have to prepare ourselves as the bear has already began but we don't just want to accept it yet.
I don't think that there's negative news about bitcoin and that's why the price is tanking. We still don't know about next month if the bear market is already in.
But what we know is that we're just moving slowly and if this tanking continues then everyone is assuming that we're already entering the bear market.
Somehow when bitcoin plummet below $30k, we thought that it was the start of the bear market.
But what we know is that we're just moving slowly and if this tanking continues then everyone is assuming that we're already entering the bear market.
Somehow when bitcoin plummet below $30k, we thought that it was the start of the bear market.
I don't think you understood what I wrote correctly. I talked about the market impression based on the declines in the crypto market and the movements of two important cryptos. A similar approach was also taken in China about cryptos.
If there is a positive atmosphere contrary to what I have said, I would like you to share it. Now, BTC is 60 thousand dollars and ETH is 5000 dollars, I wonder if I can't see it!!
I don't think that there's negative news about bitcoin and that's why the price is tanking. We still don't know about next month if the bear market is already in.
But what we know is that we're just moving slowly and if this tanking continues then everyone is assuming that we're already entering the bear market.
Somehow when bitcoin plummet below $30k, we thought that it was the start of the bear market.
But what we know is that we're just moving slowly and if this tanking continues then everyone is assuming that we're already entering the bear market.
Somehow when bitcoin plummet below $30k, we thought that it was the start of the bear market.
Bitcoin;
The unsettling price movements of BITCoin caused negative news from some corporate executives.
In the most recent report published by Bloomberg, he stated that Bitcoin, which has shown a downward movement recently, is still in the Bull market and is going through a temporary consolidation phase. He claimed that BTC would manage to break out of the range of 40 thousand and 70 thousand dollars and reach a higher price.
Key support levels for BTC are 45782/46924; important resistance levels are foreseen as 49877/51237.
Ethereum;
ETH continues to sell at 3900 levels, losing its struggle at the $ 4000 level.
ETH, the captain of altcoins in 2021, outperformed BTC.
While ETH showed an increase of 530% during the year, BTC is about to complete the year with an increase of 61%. While the important support level for ETH is 3770/3820, it can be seen as 3965/4115 as the resistance level.
After all this and after the FED fixes the interest rates, can the Crypto market be expected to switch to a Bear? What are your views on the subject?
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