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Topic: New bull market or new bear market ahead? - page 3. (Read 276 times)

member
Activity: 1260
Merit: 16
August 20, 2023, 01:26:51 AM
#8
I think the bear will be dominant in the next couple of months. After that, the BTC price will start to increase and the bull will probably take control. In 2024 we might see a new ATH.
That's very early for growth. And bitcoin's peak usually comes after six months of halving. I don't expect growth any time soon. Maybe in the winter, if economic conditions are favourable.
hero member
Activity: 1288
Merit: 524
PredX - AI-Powered Prediction Market
August 20, 2023, 12:57:29 AM
#7
I think the bear will be dominant in the next couple of months. After that, the BTC price will start to increase and the bull will probably take control. In 2024 we might see a new ATH.
legendary
Activity: 3906
Merit: 6249
Decentralization Maximalist
August 19, 2023, 07:53:14 PM
#6
Basically, we repeated the pattern we've seen already in March to June (when Bitcoin fell slowly from 30K to 25K). The difference is that the Bitcoin Dominance in this sub-cycle is substantially higher, this means altcoins are in a bear market since March already.

I believe there are however some signs to be optimistic:

- BitVol (implied volatility)/EthVol. Even if very recent volatility is growing again, these indicators are still very low. Low BitVol and EthVol values always preceded bull runs in the past (at least since 2019). But sometimes there were short dumps before the bullish turn, so we could be in such a situation again.
- Possible double Bitcoin bottom at 25K. This could stabilize the whole market again.
- Possibly, a volume uptrend after August with positive outcome for BTC and altcoins.


newbie
Activity: 25
Merit: 0
August 19, 2023, 07:49:38 PM
#5
Right now, it is looking very bearish for our coins because recently, we had a big loss. Bitcoin and Ethereum almost dropped 10%.
But Bitcoin and Ethereum are still up from previous gains.
It is very difficult if we will have new bull market or new bear market ahead.

What is your personal expectation?
Relax mate.
I'm always relax, Sir.

Btc and eth chart are both fine and we just need more volume to compensate those -10%
Yes, we need more people for buy. If everyone (or most people) who own Bitcoin now, do not sell it, while many new people buy it, it will result in a big market demand and it's a very good base to start an extended bull market on.
legendary
Activity: 2100
Merit: 1321
Fully Regulated Crypto Casino
August 19, 2023, 07:40:39 PM
#4
Right now, it is looking very bearish for our coins because recently, we had a big loss. Bitcoin and Ethereum almost dropped 10%.
But Bitcoin and Ethereum are still up from previous gains.
It is very difficult if we will have new bull market or new bear market ahead.

What is your personal expectation?
Relax mate. We are in the midst of month of August and this is the time where mostly believe of ghost month where everything went down. Obviously sensitive traders and people who are into this belief are probably converted into stable for a while and waiting for this to end and surely will buy back once the market regain again. I dont know but its normal when this month arrived. Btc and eth chart are both fine and we just need more volume to compensate those -10%
legendary
Activity: 3038
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
August 19, 2023, 07:37:05 PM
#3
Right now, it is looking very bearish for our coins because recently, we had a big loss. Bitcoin and Ethereum almost dropped 10%.
Bitcoin was pushing another coin to be dumped. Please look at this
https://www.investing.com/news/cryptocurrency-news/spacex-sold-373m-worth-of-bitcoin-acquired-in-20212022-report-3156924

Bitcoin needs a lot of volume to push it back again to the 29k -30k. One of the companies that holds a lot of btc was just liquidating its crypto. Im not even sure what's gonna be the future of bitcoin. I can consider spacex leaves crypto is bad signal.
We must be patience until market turns to be bullish again soon.

But Bitcoin and Ethereum are still up from previous gains.
It is very difficult if we will have new bull market or new bear market ahead.
The price of bitcoin and ethereum are still very strong at this moment but it seems like that it's lack of buying volume. This is not bad but i hope there will be more volume to come for bitcoin. It may stuck in the same place this time.

What is your personal expectation?
Slowly but surely crypto will be going up again in the future. The market being shaken by the dump from one of big company in the world. I would not be surprised to see that everything turn into the red due to the bitcoin dump.
sr. member
Activity: 1288
Merit: 231
August 19, 2023, 07:30:18 PM
#2
There will be for sure a new bull market in the coming months, but we can not also over look the fact that we are already on the bearish season, Bitcoin price is already down by more than 10% over the past days, and same with ETH but ETH seems to be recovering by 5%+ from what it have previously dump with after the recent news of it getting approved by the SEC on Bitcoin ETF. It is just a matter of time for the crypto market to recover again, maybe before the end of September we might see a green market again, as of the month of August I don't see any great price upward movement coming soon.
newbie
Activity: 25
Merit: 0
August 19, 2023, 07:17:12 PM
#1
Right now, it is looking very bearish for our coins because recently, we had a big loss. Bitcoin and Ethereum almost dropped 10%.
But Bitcoin and Ethereum are still up from previous gains.
It is very difficult if we will have new bull market or new bear market ahead.

What is your personal expectation?
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