Topic: The bull market still exists (Read 882 times)

That's one of the big reasons, we all know that, however, we have to understand that a bull run is not a permanent market situation, it will always end and the correction will always come, so even if there's no bad news, the market is always due for a correction already.


It's increasing but that's just only a little bounce back, if we look at the big picture, we are not seeing a bullish market, instead it's already a bearish market.

Yes it can exists , because dump happened only one bad news which was  from china .now you can see the maket .Its increasing slowly slowly when up and down but last few days maket  going bulish.And there are also good news are upcoming about bitcoin,so you can see may be some days maybe some end of this year or maybe early of 2022 market will be bullish .

I won't say this is a sign of a bull market. You see the Bull market is defined as a long run of any stock or commodity by breaking new highs each day. At this point of time BTC is stuck in flux or a range between 30k to 40k whenever it crosses above 40k the sellers kick in and whenever it tries to go below 28k the buyers kick in. So this is a sideways market trend when you see this in terms of price. But seeing this in terms of adoption, it's really a good time for bitcoin, in fact the stability of price is making it much more reputable and with countries making it legal tender it's becoming much stronger in terms of retail buy-in which means it won't be easy for whales to manipulate the market.

BTC underperformed & everyone started to rationally sell or their stoplosses kicked in when we fell from $65k to $55k.  BTC didnt recover bc it was overbought.

This was obvious, in advance, if you used simple EMA, MA and RSI indicators as well as noticed how volume fell to the lowest in years at the peak.

While some took profits, it wasnt really what you think -- bc there were almost no Buyers for bitcoin at $64K.

This can be proven.

People want to blame manipulation but the simple fact is that nothing can rise exponentially forever endlessly on LEVERAGE without the Bills coming due.

Besides once 80% of the market is Leveraged "long" -- anyone -- you, me, whales, will "short" it bc of how valuable liquidity is.

Markets need liquidity.

Otherwise noone can trade.

If it's August and we are still at this range, I'd be more worried (that the bull market is over) -- for now hope remains.

As an encrypted asset, Bitcoin has three major elements: financial, industrial, and technological attributes. At the same time, it has been highly financialized. Therefore, it is highly probable that it will not be able to get rid of the "cyclical" financial law, which means that "if it rises, it falls." I agree with you that the bull market is still there, and it is still fluctuating in a range, which looks very torturous. It does torture people. The rainbow chart actually gives us a time period of data guidance, and does not represent a certain rule. It is still very good as a reference. In addition to technical reasons, I personally believe in Bitcoin. , I think it will exceed 100,000 US dollars in March 2022.

I still believe that bitcoin will go 100k $ , there are a lot of reasons. institutional investors have traditionally been vary active according to crypto. If Ilon Musk does't do negative ads for crypto it's already been 100k

We didn't leave the bull market, actually. You may some details here at coindesk: https://www.coindesk.com/bitcoin-bull-market-end-mrb-partners

We can assume that we are now entering another bear season and bull season is finally over, this will be another year long crypto winter where in everything is stagnant and stop moving. So the best thing to do while the bull is powering up is to accumulate as much as you can.

yes you are right the bull market still exists today when viewed from the past few years, the 4-year bitcoin pattern before the halving always experiences a significant increase from 4 years ago if the market currently looks crashing but try to compare it with several years ago or the halving event last year, the price of bitcoin was still very high compared to last year so if you really have a strong investment desire it's not wrong if we hold it up to $100k, I'm sure it will happen someday. if not this year maybe the next halving bitcoin could reach that price.

This is a game,  It's a quicksand spectrum with manipulative characteristics that was created by evil members bank system
Bitcoin is on the brink of mass adoption, huge amounts of money is about to enter the market,
and many buyers down there just waiting for a piece of the pie next time around.
This isn’t bearish it’s actually a long term bullish

Due to the advent of China’s new policy, the price of Bitcoin has fallen again

After 519, the Futures and Margin in the market were basically emptied.

China prohibits mining, forcing miners to sell their bitcoins to repay the debt of buying mining machines.

China has introduced a policy to prohibit OTC transactions, forcing retail investors to cut meat and sell Bitcoin.

If the Chinese government does not purchase bitcoins on its own, these bitcoins will eventually flow to institutions and bookmakers. Futures-miners-retail investors, this is a planned activity to snatch our Bitcoin.

I also believe that bull market remain existing. As long as 2021 is not over there is always a possibility to cross the $60k mark of BTC. Although today the market seems dangerous in falling but it could not be in declining momentum. Maybe in July or August we can see the market in green again. This season maybe just in summer time drought.

it's nothing new this time. just need to be patient. we are at consolidation phase. we all know what is next. personally I beleive we will not see such huge price jumps as previous cycles but anyway 6-digits are close. this graphic is very good:
https://ibb.co/XCJ7Fnh

The market comes critically now mate as the whole system is again in red flood

https://coinmarketcap.com/

And now we are expecting a drop to below 30k finally , and if does happen then i will surely have my shopping spree at last.

for months i've been waiting for this chance to see the Bearish market for a chance to buy more again readying for the end year bull.


Fool no one man, why need to PM you when you can just drop it here? meaning you are asking for Payments? lol established your name first before we truly believe you.

It's a confusing time because the price is just playing around at the bottom of the daily chart. Zooming out to the weekly chart is has not dipped to its bottom yet. So this is where an investor will have confusion where they'd dive into crypto or will just wait for what will happen next. The next group of investors will be watching things carefully because they don't want to hold coins that are completely being dumped by the previous investors.

Yes, they all must have had their own impact on the crypto market falling fast but to me, we must understand that, the market was already in a correction more and this dip was imminent anyway. The drop would have been slower and might have taken longer than the number of days it took to get to $30k from $60k but as you said, Elon Musk and the rest of them made it faster but the market is still majorly in the Bull trend and will see a new ATH in 2021.

But we must admit that Elon Musk and the manipulation really give a direct impact on the trend of crypto market. After FUDs made by Elon Musk and other negative issues were spreading from China and the USA, crypto market experienced a huge dump. It showed us that those have big power to influence crypto market.

Indeed. Even if there is a schedule of Bitcoin halving, but basically we don't really know when the bullrun or bearish to come and go. We only have some predictions about them. Since crypto market is unpredictable, there is no exact time for bullrun or bearish.

But the question is if the community still has the guts to listen and believe him? After all, he did, I don't think so.

Anyway, I still seeing the market to stay at a bullish level even without Elon Musk, even without such manipulation stuff. In fact, he (Elon) leave out from crypto we never experience huge changes, and besides, we are happy about that situation.

That probably there is another another Bullrun will come and we never know yet, might be 3-4 years from now, or earlier than that.

I think the bullish trend is still on the rise, if in the hypothetical case that Elon Musk had not said his FUD message towards BTC, I think we would be at least reaching $ 70k. Now Elon Musk has announced that he will accept BTC from clean energy mined, but will he make his cars with clean energy fuel? At the speculative level of the market I think Elon Musk did everything on purpose because he needed to sell and at the same time realize his enormous power of manipulation. Based on these speculations, it is likely to think that the bullish sentiment has been around for months, in fact I can't stop thinking that this year BTC will reach $ 100k and by 2022 it could reach $ 288k, this only when roughly waiting for the compliance with the S2F model.

I've always said that at the beginning of June it was a correction market, although I can say it's a bearish market, but it's all a whale game, I think who's not interested in the cryptocurrrency industry that has a considerable volume in this business. Everyone is interested but not everyone knows him. Bull runs will continue to exist only the decisive moment.

Bitcoin has survived by two very hard blows as we all know the FUD of Elon Musk when he announced that he will not receive bitcoin as a means of payment in his Tesla cars due to its environmental impact and the second blow that bitcoin received when the Government of China imposed new regulations on cryptocurrency transactions.
But bitcoin survived and according to Plan B on Twitter we are resuming the run.

with a lot of bad news from btc i think this is true, because if you look at the existing charts and news about fud everywhere it will be very difficult for btc to go up directly and maybe it will be flat it could be down again.
but whatever it is I think now many people are starting to understand and not waste the assets they have by selling their assets.
stay relaxed and don't panic too much because everything takes patience to achieve beautiful things

I hope that the bull market still continues. Because I've started thinking like it's long gone and we are in the bear market from now on. If we still are in the bull market, then I hope that the market starts recovering soon.

The price of Bitcoin 6 years ago was almost stable; we waited for years to get a hot strike; it only happened because of the development of multiple coins that want to compete with BTC. Now that we see the rise of Non-Fungible Tokens, the resurgence might happen, and we will reach the new ATH.
Things might flow much easier due to the increase of investors, but we still need to be patient.

I appreciate the analysis made. It is extremely precise and quite interesting to go through. It is true that the bull market is not over yet in spite of the fears from a considerable volume of traders.

To step back a bit, we have been in a tremendous bull run in BTC for a long time.  The uptrend as been exponential and too fast too quick so the pullback to above 31 from 65 was healthy.  Could it go down more, yes.  But I think the current conditions favor gradual uptrend since many of the weak hands have been flushed out already.  Down 75 - 80% from peak is possible but gradual uptrend from current levels more likely.

I really like this, I have always known that the bull run isn't over yet its Just some manipulation and FUD that is giving us this low prices and am sure $65k is not the top for bitcoin this year. So bad many of this guys who didn't buy bitcoin at a cheaper rate are causing FUD and making panick sellers to sell of so that there can see a low price to jump in and invest, it's very much certain that the bull is still very much around it hasn't ended yet slowly we will see prices bouncing back to the top.

People like to create FUD because many missed the rally especially due to personal financial reasons due to the pandemic and you can see many old news resurfacing to mislead new users or some lazy new sites are trying to use them as click baits so that people will jump on to the site.
I am also expecting the bear market but it might take a few more months until major investors book their profit.

There is no reason to think that bull run is over. Even the death cross will not confirm the bear market becasue bitcoin has so good fundamental and no holder will be willing to sell in panic.

Some of the biggest financial institutions of the world have been caught numerous times in the past downplaying an asset and spreading all kinds of FUD when it became known later that they were accumulating that asset at the same time... it's a strategy by big players to rob the smaller, newer players out of their money.

bull market is clearly still there, when the bitcoin price is down you can say a lot of people are posting negative things about bitcoin, and they are trying to fool everyone by saying that the bitcoin market has been destroyed,, this is just a game for some people, if we believe the words their negative, maybe we will experience a big loss..

Of course it exists. Every person who's been in crypto more than for a year understands it. Well, a lot of people sold and i'm sorry for them.

FUD nowadays are already a disgrace and people in crypto Knows when to believe and when to deny this is how mature the investors now.


Bull market is still on until the market shows the negative signs that what 2018 happens.

I hate seeing many people shows hates towards market when the price falls but never become thankful when the Bull happens.

There are indeed many FUDs in circulation and they always appear and new FUDs keep appearing. But this time it has been balanced with good news about Bitcoin and also news that Tesla still owns Bitcoin and only sells 10% of their total bitcoin assets.
The market is in a period of correction to form the strongest support and rise again.

if the market demand remains high until next year, we might able to reach that price (or even more).
Nevertheless, the market remains unstable and we definitely have to expect changes in the days coming and we cannot just base the situation today for the future because it totally not the same.

In fact, many speculations arise that after the Bullrun the market went down hard but see what happens, we are still at high ($30k plus). It seems to be surprising and it is to prove that the market is unpredictable.

After analyzing the Fed meeting, I found that its timetable is basically consistent with my predicted Bitcoin price changes. It is expected that there will be an interest rate hike in the first half of 2022, which is also the time when the bull market reaches its peak. There will be no major breakthrough in the price of Bitcoin in the short term, and it may take two to three months to build the bottom for the next bear market. The $40,000-60,000 range will be the bottom price of the next bear market.

A lot of things have changed. I expected Bitcoin to fall after going as high as $50,000 or more than that, but not as low as $13,000 like you have said. My reason for saying that is because the market is now bigger than what it is was back then, we now have big institutions investing huge amount of money everyday in the market and helping to push it up. There are billionaires now buying Bitcoin and even the slightest decrease in price, to them it’s an opportunity to buy more and more.

So there are big changes now, but that doesn’t mean the market is not bearish. Maybe it’s not bearish at this rate? But I wouldn’t say that it is bullish as well, if what you call bullish is it moving to $100,000 from the current price.

Yes, of course, you can say that there is still an upward trend in the market. After the market price rises to a certain height, it naturally goes down a bit and seeks to regain its growth. At the present time, we are able to notice this. Cryptocurrency prices are repeatedly falling and trying to rise again. In this situation it can be said that the market is currently on an upward trend and if this trend continues the market will be able to go back to the previous place.

I agree. In fact I feel that consolidation at these levels for a period of time might be a good thing in the sense that the longer we consolidate at these levels, the higher the potential for the next leg up will be. I also believe the bull market is in tact, that the time-frame for prices to reach ATHs again is going to be late 2021 to early 2022.

the bull market is still there completely, I still believe in that and I think that's a good and useful thing. see bitcoin at $40k but to get to a higher price, it still takes a lot of steps. although it's going slowly but the optimism for bitcoin to rise will come soon

The analysis is very good, but I think the price of BTC will stay flat for a long time, because the market is in a reversal phase, many projects have not created a great attraction from the market.

It's a must when you are investing, being the opposite which is pessimist will yield you paranoia results that sometimes is right but most of the time results in losses.

In my opinion, the sudden drop of bitcoin didn't really indicate that we even left the bull market in the first place, the FUD spreader are just loud at that time that we were worried.

When we invest in crypto, having a positive mindset has a huge impact on our decisions. Being too negative or always expecting the worst-case scenario could only attract negativity as well. Looking forward to the best things to happen is still a good thing and it doesn't mean that we're expecting too much. We are what we think especially in investing. 

I think the bear market is not simply the decline of price but rather involves the people's sentiments such as the selling pressure is too much that the price continues to fall.  Aside from that holders are forced to sell because of the dropping price.  That tells a bear market.  Anyway, I also think that the bear market never goes away it just becomes dormant because the bull market is very active and as of the current trend, I still believe we would see another ATH before the Bull season of this cycle ends.

Nothing bad with being optimist, the real problem is the over optimism that they sometimes have their expectations get destroyed when it happens but not the way they think.

At the current Btc price range, it's a good price to accumulate. You might not want to miss the dip, who knows Bitcoin will bounce back to $50,000 in the next few days. Though the current Btc price is still considered bullish, but it's actually a good cut since the last ATH.
If you were able to buy during the weekends in a much lower price, then thats better.

Well, I hope so but you can't be assured of that. It is only just a presumption...

It was a piece of good advice I know but also we need to analyze the market, we don't need to rush as the result might be different and sometimes regret.
Maybe I have to wait during the weekend as I observe that the price drop during those days.

Yes, it is about how we can be patient to wait for the next bull run. The price is not going down below $30k, and hopefully, it will not go down and if the price still stays at the current price, there is a chance that the bull run will come later. But I doubt it will be easy for bitcoin to increase more than $100k in the near because that will depend on how big support for bitcoin. After all, nowadays, bitcoin is not full of support from many big countries. Maybe it still needs more time for bitcoin to break $75k and then increase to $100k.

Yep, too early though I like the optimism on that.
We're getting a lot of FUDs recently so a nice optimistic from some other Bitcoiners would be great.
First we gotta hit 80k-85k-ish first before we can say truly that it is about to approach that said price.

Bitcoin will definitely hit $100k or more before the end of the year. The present price of Bitcoin is an opportunity for Bitcoin investor to buy before it rises. And those who will be patience enough to hold up to their Bitcoin still it rises, will sell at a high price and probably make a huge profit. I will advise, we buy more Bitcoin now, at a lower price.

Too early to say that it will reach that point because we know that bitcoin still has a lot of number to pass through before 100k although there's still a lot of time, we don't know what's in store for bitcoin, maybe a big bad news might make it go down much lower. I think we never left the bull market because it's still doing fine.

I try to predict the bull market will exists or ended by make analysis the growing of total marketcap in 2016 to 2017 with 2020 to 2021. From the charting of total market cap, in this both periode show from the beginning of 2016 to the end of 2017 the total marketcap growing up to 100x but from 2020 till this date the marketcap growing below 20x. That mean the bull market have high probability to exist again.

after looking your rainbow chart bitcoin net yet touch the red one so bullish market still exist maybe january february pump not because the halving but because some company joined bitcoin the real bull still not show up yet

not sure about the computing power and consensus if there was a major changes with them but im pretty sure that the number of users has increased because more countries are now open to bitcoin and there are even countries that made bitcoin as a legal tender .
 the increase in the btc price is another proof and you cant dictate people if when will they sell but each of us has thier own selling threshold .

As long as we are over 27,000$, i think the bull market exists. Obviously we do not want to dump too far that recovery from there gets impossible in shorter time frame. Bitcoin has been trying to break the resistance at 40-42K but failed multiple times. I am waiting for bulls to make a daily close over 42,000$.

Timing is the key here, that's why you will hear a lot of FUD, because they wanted to bring the price close to ceiling and then buy tons of Bitcoin.


I haven't check the news, so if this is true then I will say that this is good news at least.


Definitely, we just need to remain calm, bull market can appear anytime specially in the last quarter of this year.

Totally agree with you, it just depend how patience we are. If we patience enough to wait i think it will be easy for BTC to reach more than $100k and i believe in the end of this year Btc will reach that price.

The Fed's FOMC concluded that it will not increase the interest rate, and inflation has not run out of control. The three major conditions of this bull market, over-issuance of the U.S. dollar, institutional buying and the addition of countries are still continuing.

The bull market continues, and now that you can hold onto the low price of Bitcoin, you can enjoy the price spree in a few months.

It's really profitable to invest in bitcoin. If you buy at a lower price then just hold and wait the time it will pump, you will surely earn profit. The bull market is not yet over, although there's a market correction, it doesn't mean that the bull run is already end.

Some people already sold their bitcoin in the downtrend yesterday, but others still hold their bitcoin because they can wait for a while. People who believe bitcoin will increase more than the price now will not sell bitcoin but they will use this time to buy more bitcoin and prepare themselves for the next rally. Not many new people lose because as long as they can search for more info, I am sure they will be okay and will make a profit.

It's easy to gain clicks and views when you are centered on negative things, that's the reason why there are more FUD rather than having a positivity on the market. It doesn't really matter at the end but you can still make a money out of it if you know how to analyze the market based on the trends.

Bull market matures in optimism
And don't look at the news as positive or negative, try to see between the lines and how you can profit from it
BTC is still a solid coin but for now, there is much better money to be made from a Mid/Small cap coin.

Then why not sell all your bitcoins now, selling now is more valuable than when the price drops to 20,000. If your words are not matched by deeds , you continue to hold or buy Bitcoin while saying that the price of Bitcoin will reach 20,000. I hope you will not spread FUD in the forum. New people who join the forum will suffer losses because of your comments.

If you really sell your bitcoins, then I can only wish you all the best.

Hmm, Nope.

IMO. 
Slow Bear Market, where their are a few dead cat bounces, but over all,
you will see a declining price per coin every month for the next few years.
Peak for BTC was ~$60K, next low will be below $20k within 11 months.

at last there is someone who shouts for reality and not intentionally FUD. for how many posts created here nowadays are almost pointing into negative treats towards crypto market and not even added positivities .

with this thread we can find the Light and we can see how good our future is.

Bitcoin has already become mainstream as many people, including institutions and big companies, are investing in bitcoin. We don't know when they invest in bitcoin, but they announce they know holding some large bitcoin amount. People who are still not trying to invest in bitcoin will regret it later, especially when the price increases.

The bull market will be back to the market, and it already happened before, and now, we hope the price will have more power to increase. But we should be ready if the bear market comes, even for just a small correction.

Bitcoin has added value for sure at least more than 10%within few hours but one wouldn't call that a bullish trend since it hasn't gotten to it's highest highs. If Bitcoin can maintain a series of higher highs for at least a month we can confidently say there is a bull run on bitcoin anything outside this is still a range market or could be considered a false breakout

Bitcoin is really going to mainstream, who got it early will be the real champ. Don't act slow to recognize it, Bitcoin is well known internet money and on the ways becoming real world currency. You buy it now at discount basically, buy hard and heavy so you can hold more. No other choice left, just grab it and be thankful later.

It's a good opportunity to buy. However, in the short term, it is still in the shock stage.

I think Bitcoin is still in a bull market, and it's just a correction for now. First of all, the US monetary easing policy continues, the overall international economy is shrinking, a lot of hot money does not have a clear investment goal, and more and more money flows to virtual currencies. Secondly, Bitcoin has been singing all the way since last year and has not experienced a decent adjustment. This adjustment was actually unexpected.

I also think that the bull market still exists. More and more countries have begun to accept Bitcoin. In addition to El Salvador becoming the first country in the world to use Bitcoin as legal tender, some countries have also begun to gradually accept Bitcoin. Panamanian congressmen are making a proposal to include Bitcoin and other cryptocurrencies in the country's legal tender. The global class will become equal because of Bitcoin, and the value of this disruptive power is unlimited. The Russian Foreign Minister believes that cryptocurrency will occupy an important position in international settlements. The President of Iran called for the establishment of a legal framework for cryptocurrency transactions. This is all good news for Bitcoin, so I believe the bull market still exists.

For a cycle, the bull market is short-lived, while the bear market is long. I have two assumptions about the bear market: First, the bear market must fall by about 80%, and it cannot break through the high point just set by the bull market before the next cycle; second, the bear market will not fall through or even the bottom of the oversold. Breaking the previous high is the highest point of the bull market in the previous cycle. These two points are summed up as "the bear falls by 80%" and "the bear bottom does not break the previous high". Based on these two postulates, we cannot define the current midfield correction as the beginning of a bear market. Because even if calculated according to the previous wave of high of 65,000 dollars, a drop of 80% would have to return to 13,000 dollars, and this is obviously a drop below the previous high of 20,000 dollars set at the end of 2017. So, the bull is still there. No doubt.

This is just my personal judgment, not the official conditions. Because the price history of Bitcoin is only ten years old, it is not a large sample for any investment product. This is my personal opinion, and I declare it here.

You have to wonder what the end purpose of Bitcoin will be and whether it will sustain through time. Gold has been a store of value for centuries now because it allows physical storage. It can be stolen, but it can also be guarded and hidden. Bitcoin has a bit of a weakness in that area - computers are hacked all the time, exchanges vanish and hard drives containing wallets can fail. All of these things will contribute to an ever diminishing pile of available Bitcoin, so it actually becomes less functional for its original purpose over time (as a form of currency). The super rich people finding it a convenient tool to send money over borders might become more isolated as regular low-level buyers diminish and anonymity fades - by which time they might start moving on to more liquid substitute cryptocurrencies. I think cryptocurrencies will survive and Bitcoin will always be the original, but it might not reach much higher in value.

I think that the potential of such a market is still far from being revealed. More and more public figures with large wallets declare their support for bitcoin and openly say that they want or already own it. Thus, this year, in spite of all the tricks of Elon Musk and other bad people, will not prevent the market from growing and developing further. I think that we will still update this year with another historical maximum in the price of bitcoin before a correction or a new historical fall.

investing in bitcoin is the most profitable thing in the long term because here we are just waiting for the price for the holder at pump time and waiting for it to come back when the market goes down and undergoes a correction, it's just that price analysis and evaluation is what plays a role for us to what extent our abilities and skills we predict it

The World is going to sh** and Bitcoin is the Hit!
Bitcoin has to be in every portfolio. Save your values ​​in the long term and compare them to the value system which is currently in paper money. Who knows how long we may pay with paper? The time will come.

the bull market is always there for those who are really positive about Bitcoin's viability. and it greatly affects a person's psychology. despite the price game managed by a handful of whales, we believe the bull market is still doing well. we need to realize that there is always great hope for Bitcoin holders.

Yes. It is just a prediction and anyone can do that whether in the long term or short term. If you've been here for quite a long, you've seen those predictions that have been said to be accurate because they've made such predictions that are near to accurate for bitcoin's price.

There's no doubt that the market is truly volatile but predictions don't require you to be so good at it. You just pick a number and give a support why you think it's going to happen, well, valid support and analysis coming from you.

Can one really predict the long term value of any cryptocurrency?
I don't think so because the market is a highly volatile one but again the bitcoin market is highly profitable at any price and we can be sure of good profits if you hold for long due to it limited supply of 21 million circulating supply. Either the present market look bullish or bearish it make no difference buy! buy! buy if you have the funds to.

The bull market is only half way through. Sure we had a deep correction but we did in 2013 & rallied even harder later in the year. We will finish 2021 after seeing at least $100,000 per BTC. Have patience & you shall be rewarded.

Yes, with the current situation I think it will take a while. other than that, from the existing chart, I am also very confused about the ongoing movements because it is very difficult to predict in the long term.
on the other hand this is very profitable for some traders because with this they can do short-term scalping and that I think will be very effective for now

The bull run still exists especially today that the market is getting better and better again as the day passes by and also the bitcoin is back to $40,000 again and this is probably one of the best things that happen today as we see that the bitcoin drops for almost $36,000 which is most of us has been think that the bitcoin will continue to drops but then again we see that the bitcoin is still in the high swing and I am thinking that this will probably go higher again.

bitcoin drops to 13000$ is the same as saying that my country would someday have the same level of development as the USA. The rich will not leave opportunity to buy cheap coins whenever the price drops a lot, especially if the price falls below $30,000 the rich would be seeing the opportunity to make 3X easy profits and buy in bulk. currently it seems to me that the adoption level no longer allows us to see prices below $22000 if some disaster happened to make the price drop to $22000.

Although, 80% fall is in bear market that can be considered as a gold standard for bear market, what market phase we are currently in?

Bull. We are in a big bull market, not a mini bull market. What we are witnessing is the re-accumulation in the mid of a big bull run.

$100,000 is a quite humble price for Bitcoin. Above $250,000 for 1 Bitcoin.


The market is repeating the 2013 bull run.

If the bitcoin price really increases to $288k, I can not imagine what will happen to the potential altcoin because that can impact that coin to increase drastically or increase step by step. People will be very happy to see that price and I am sure they will make a big profit, and the whales will be the people who will make the biggest profit.

I agree that the bull market still exists because the price now increases to $40k. If this price can grow more than the current price, it will give more chances for bitcoin to rise. You need to prepare for that and make sure you have many bitcoins to hold and sell for more than $100k.

     Great analysis. Considering these reasons plus all the good news roaming around online which are in favor of not only bitcoin but also to the other alternative crypto currencies in this industry, we can easily deduce that we are still in a bullish market today. Just imagine how big the the famous people that supports bitcoins are. Instead of losing people, we are gaining more and more from different parts of the world that also varies in social status. These types of posts are really what interests me most. And so it deserves a merit. Thanks for the good read.

We are still bullish, were not yet turn to bear season.
I was happy to see the Bitcoin price surpassing $40k but I was not thinking that is able to reach $50k.


And I never wanted to hear people saying just hold...
We have to take this opportunity otherwise we miss this coz we never know if it will stay long like this or not.

This is a good opportunity to sell, as you said that there is still hope of avoiding a bear market and returning to a path that has shown demand levels are picking up again.
Bitcoin is currently in pretty good shape, use this opportunity as a portfolio restorer and don't let this moment return with long hopes.

Due to the issues and news bitcoin went through, the price of it indeed went down but that doesn't necesarrily mean we already exited the bull run. If you would take a look at the price movement and the price drop as well as price increases for bitcoin and other altcoins, you can see that the bull market still exists. It is just that many people are trying to push the fact that it has already ended and displayed too much FUD to discourage other investors as they take advantage of the current situation. Always make sure you analyze the market carefully so that you wouldn't end up falling into unreal situations that may lead you to disadvantages and regrets.

We never left bull market and in fact even when the price of BTC is still in 35k range its still a bull season. This will be a long ride and we need to expect both ups and down on the BTC price in the next few months since no one can really predict when BTC will reach another ATH.

Don't lose hope as long as there are ways to find if market is still bullish, we can still make profit.

Some people are panicking because they see some consolidations and downward movement in the market that's why they are selling immediately.

Thanks to this representation so that we can understand how powerful the market is and how long we can make profits.

You are right, the bull market still exists and there is a high probability that the main growth will occur at the end of 2021. Moreover, if we turn to the history of the development of the crypto market, then we can see a certain pattern. It is this pattern that indicates that the crypto market is cyclical, and every four years the market goes through a cycle from falling prices to rising and reaching new price peaks. Probably, this pattern has been preserved even now, which means that 2021 is the last year of the next cycle and the main growth has always occurred at the end of the year.

Do you think that those are the official conditions in which a bear market can exist?
To me,a bear market is simply when the prices are dropping.It doesn't matter with what percentage and for how long.It doesn't matter if the lowest price of the bear market is lower than an ATH or the highest price in a bull market.The fact that the Bitcoin price dropped by 80% from it's 2017 ATH doesn't mean that the Bitcoin price will drop by 80% from it's 2021 ATH.We should stop making historical comparisons.

Very good and interesting analysis with which I completely agree. According to many analysts on the Internet, the bull market is not over yet, despite growing fears from many people.

One of the very interesting crypto analysts "PlanB" shares his vision for reaching a price of $ 288K. It outlines a model of Bitcoin's growth with unique accuracy.
The $ 288,000 price is derived from the Cross-Asset (S2FX) iteration, while previous versions give a more modest average of $ 100,000. Both are based on the current Halving cycle, a four-year period between halving block awards (the next is in 2024).

At present, the market value of Bitcoin has returned to more than 46%, which is a sign that the margin ratio has decreased, the bubble has burst, and the market is accumulating power.

And I think we are currently in a century-long bull market in Bitcoin. In the short term, we are in a technical bear market after a major correction.

I think that meeting two conditions can determine that Bitcoin is in a bear market. 1. The price of Bitcoin must fall by about 80%, and the high point created by the bull market cannot be broken before the next cycle. 2. The lowest price in a bear market should not be lower than the highest price in the previous bull market.

At the end of 2017, the highest price of Bitcoin was $20,000, and if the current maximum price of 65,000 is calculated, when the price drops by 80%, the price of Bitcoin should be $13,000. And this obviously fell below the highest price of the previous bull market.

These two points can be confirmed in the Bitcoin rainbow chart：https://www.blockchaincenter.net/bitcoin-rainbow-chart/

Four years have passed, unless you think that Bitcoin has not improved in the past few years, the computing power has not increased, the number of users has not increased, and the consensus has not been strengthened. Otherwise, you don't need to worry that Bitcoin will be less than $20,000. Compared with the increase in value, the current price is simply a sales promotion.

The consensus on cryptocurrency is still expanding, and there emerged the first country in the world treating Bitcoin as its fiat. Bitcoin's network has withstood the impact, and the computing power of the entire network has only dropped from 160E to 120E (compared to less than 15E when it was 20,000 dollars high before the end of 2017). Bitcoin's core technology is developing steadily. One of the most significant upgrades this year, Taproot technology has been confirmed by more than 90% of miners and will be officially launched in November. Bitcoin's old friend, the Federal Reserve, is likely to continue to maintain quantitative easing. All this shows that the bull market still exists.

Please be sure not to sell your Bitcoin when the price is less than 100,000 USD.