What is your opinion on recent bull market, will it be over soon?

Marvell1

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Quote from: Wong Gendheng on April 24, 2022, 11:18:48 AM

The market is always unpredictable, when it looks promising with an increase of more than 5% per day a few days ago now the market is red again and even dropped below $40k again, I hope the bull run can happen again and hit $50k soon.

Many are predicting bitcoin will hit the 50k mark by the end of April, with just over a week left until April closes and the markets are red again. I'm starting to be pessimistic about bitcoin's price recovery even though I was also predicting bitcoin to hit 50k before the end of April. There is no big news to fuel the bull market and all the stock and crypto markets are under tremendous pressure as the world economy is doing badly.

SirLancelot

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Quote from: macson on April 24, 2022, 09:16:11 AM

a bull market is not eternal, there will definitely be a moment where it stops and the market turns bearish. then we all have to be able to take advantage of the market bullish moment wisely, just sell it immediately ^{(but it all depends on you)} after that and then wait for the bear market to occur and buy back the Bitcoin.

There's no such thing as eternal in this world so we need to cherish every moment. When there's a bull run you need to sell off immediately if selling is already planned just before it came because the duration of the bull run is only short while when there is a bear, you can always take your time buying and it can be beneficial to wait because often times, the price can continue to decline.

Quote from: fzkto on April 21, 2022, 07:52:45 AM

There is a new bull market now, but I think it will be local, not like 2019-2020. Bitcoin has bounced back from 40k and I think it will rise to around 50k. A bull market could be signalled by some altcoin pumps, as usually happens when the market rises. The main thing now is not to panic and not to let the fud come in. I am optimistic for the next month.

What do you mean by local? And I think there's no bull on the year that you mentioned but the recent bull market that I remember are from 2017 and 2021. Bitcoin price can rise to 50k but I think it will happen anytime soon as the price is struggling too much. There is no need to panic since the price is getting more stable nowadays and there's no bad news and FUDs that are coming out lately.

Wong Gendheng

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The market is always unpredictable, when it looks promising with an increase of more than 5% per day a few days ago now the market is red again and even dropped below $40k again, I hope the bull run can happen again and hit $50k soon.

macson

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a bull market is not eternal, there will definitely be a moment where it stops and the market turns bearish. then we all have to be able to take advantage of the market bullish moment wisely, just sell it immediately ^{(but it all depends on you)} after that and then wait for the bear market to occur and buy back the Bitcoin.

fzkto

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There is a new bull market now, but I think it will be local, not like 2019-2020. Bitcoin has bounced back from 40k and I think it will rise to around 50k. A bull market could be signalled by some altcoin pumps, as usually happens when the market rises. The main thing now is not to panic and not to let the fud come in. I am optimistic for the next month.

Pejoh Asu

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Don't be pessimistic, the market can always rise when conditions are difficult, even when in 2019 the bitcoin price dropped below $4000 many panicked and continued to make price corrections, at that time I also believed in FUDs so they sold at prices below $ 5000 in 2019, if I hold until now then I can get a big profit.

batang_bitcoin

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Quote from: Rimueng on April 17, 2022, 01:49:49 PM

In my opinion, technically the price of bitcoin is still increasing in price as it is today.

Increasing quickly then a dump is being followed.

Quote from: Rimueng on April 17, 2022, 01:49:49 PM

I have seen, in the last few days, that there is a more and more positive sentiment that supports the fundamentals so that the bitcoin price has experienced a significant increase where the bitcoin price is currently trading at around $40k. Therefore, I remain optimistic that fundamentally bitcoin price will still be bullish.

Well, it's holding $40k and was $39k a few moments ago until now. If it manages to hold that price and goes back again to $40k up to another higher one.
Those analysis that I've read says that it's going to break $45k and above, and that's an 'if'.

Jating

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Just a good point raise by the OP, so the main lessons during crypto's bull run, you can take your profit but please don't waste any of that profit very easily otherwise you won't sustain that lifestyle or at least be smart and put that money to good used or reinvest on some properties. Because as what he mentioned, once the bull run is over, which he said, it's going hard for us who experience a good returns of our investment and yearning for more. But what happens? we are in a bear trend and we can make the same profit as in the bull run.

Rimueng

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Quote from: dunfida on December 01, 2021, 02:47:20 PM

Quote from: Rimueng on December 01, 2021, 12:20:18 PM

The current situation of the crypto market has shown a bullish return, the price of bitcoin is approaching the important market and psychological levels. The price of BTC has been rising since a few days ago where it has touched the level of $58k, this will be the beginning of a very strong new move that could renew the price indicator record in the next year. Therefore, we will find out what surprises to expect from cryptocurrencies from the end of this year to the beginning of next year, and we expect new record prices from the crypto market leaders.

Trend could really changed in a snap thats why im not really that much confident whenever bitcoin or the entire market does have some good bullish run

because anytime it could really be having that u turn which would might result into frustration when you do hope that much or being too optimistic

which its not really bad to consider out on making wise moves and plans whatever trend you would able to engage on.

In my opinion, technically the price of bitcoin is still increasing in price as it is today. I have seen, in the last few days, that there is a more and more positive sentiment that supports the fundamentals so that the bitcoin price has experienced a significant increase where the bitcoin price is currently trading at around $40k. Therefore, I remain optimistic that fundamentally bitcoin price will still be bullish.

1CentAlsoWorthForMe

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Quote from: Epaper on February 26, 2022, 02:35:05 AM

I think the bull market like last year seems to be over and now we are in a bear market because throughout this year the market has started to slow down and even reversed where the bitcoin price has continued to experience price correction since late December last year until now.

Cant exactly say that. If you goes with elliot waves you will definitely say that Bull market is not overed yet. We Might see BTC breaking previous ATH during this year. And todays crypto adoption is more higher than past. So it will cause too.

Epaper

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I think the bull market like last year seems to be over and now we are in a bear market because throughout this year the market has started to slow down and even reversed where the bitcoin price has continued to experience price correction since late December last year until now.

1CentAlsoWorthForMe

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For every question of which cycle we are in, many time frames must be examined; a week-long decline is simply the market taking a profit; it has no bearing on advances over years or decades. We are now evaluating a retreat or rise scenario, the reason for this appears to be that if we reject recent highs and produce a false breakout, speculators in the market may reduce their holdings, resulting in a break below. It's something to think about because we appeared to be really upbeat.

Bollexz1

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Last year alone, I missed taking huge profits two times.. Probably because I always think bull would last a little longer. But from next Bull forth, my pull out game will be totally different.

AmoreJaz

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Quote from: 1CentAlsoWorthForMe on February 24, 2022, 06:39:01 PM

It will not continue to rise at this rate, and we will not see any significant increases in the near future. Certainly, it will continue for a few months, but people are already visualizing a million dollars and calculating how much richer they can become with this. As me as many are hoping that folks would use stop loss orders and other similar strategies so that they will be alright when the price starts to fall and we won't have any issues with them.

are you sure that there will be no increase in the coming months? just look at what is happening in our world today. russia is on war with ukraine. more then likely this situation will have an impact with crypto market in the next coming months. but the effect is more on the positive side. as people grapples for alternative means of sending money, for sure, bitcoin will come up as a very good option to send money anywhere.
but for the sake of people living in those countries, i hope putin will come to his senses and halt this war. because if this will continue, more people will lose their lives.

1CentAlsoWorthForMe

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It will not continue to rise at this rate, and we will not see any significant increases in the near future. Certainly, it will continue for a few months, but people are already visualizing a million dollars and calculating how much richer they can become with this. As me as many are hoping that folks would use stop loss orders and other similar strategies so that they will be alright when the price starts to fall and we won't have any issues with them.

Sanitough

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Quote from: Ngemmeng on December 28, 2021, 06:25:36 AM

Quote from: nhaila on December 18, 2021, 06:30:19 PM

Quote from: ranaprime on December 18, 2021, 05:04:47 AM

Considering the current market, many people may think that the bull market is over. However, I think that even if the price is dumped, everyone is ready. With the change of this situation, a new bull market will start which is more than last year. Next year that means 2022 will be the one another remarkable bull market year in the crypto currency history.

Your opinion is correct because at the moment many people think that the rise of Bitcoin may end here. As of this month the Bitcoin market has always been below 50 thousand. Many believe that Bitcoin is likely to reach its peak in the new year 2022.

not a few also think that the recent price decline is a sign that bitcoin will soon enter a bearish phase. I personally agree with this opinion because since early 2021 bitcoin has been in a bullish phase and now it's time for bitcoin to enter a bearish phase. the point is that all these opinions are currently unproven because the bitcoin price is currently in a stable phase and market conditions are unpredictable.

That's right, the market could be bearish soon and we should be ready for it. Being realistic is very important, knowing that a bear market will come after the bull run is pretty basic, so it should not surprise those who have enough knowledge, and while the newbies will panic, we have to take the opportunity to buy what they dump.

Ngemmeng

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Quote from: nhaila on December 18, 2021, 06:30:19 PM

Quote from: ranaprime on December 18, 2021, 05:04:47 AM

Considering the current market, many people may think that the bull market is over. However, I think that even if the price is dumped, everyone is ready. With the change of this situation, a new bull market will start which is more than last year. Next year that means 2022 will be the one another remarkable bull market year in the crypto currency history.

Your opinion is correct because at the moment many people think that the rise of Bitcoin may end here. As of this month the Bitcoin market has always been below 50 thousand. Many believe that Bitcoin is likely to reach its peak in the new year 2022.

not a few also think that the recent price decline is a sign that bitcoin will soon enter a bearish phase. I personally agree with this opinion because since early 2021 bitcoin has been in a bullish phase and now it's time for bitcoin to enter a bearish phase. the point is that all these opinions are currently unproven because the bitcoin price is currently in a stable phase and market conditions are unpredictable.

Lmaooo

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Quote from: bakasabo on December 14, 2021, 05:45:00 AM

Quote from: Falconer on December 14, 2021, 05:34:22 AM

Quote from: StreakW on December 14, 2021, 05:17:00 AM

I think the crypto market is currently entering a bearish phase where the prices of bitcoin and altcoins have experienced significant price declines over the last few weeks. However, even though the crypto market is bearish, this condition will not last long and the bitcoin market will be bullish again early next year.

I would not say that a bear market has come even though it is week 5 the bitcoin price has corrected from ATH $69K to a price of $47K. We can still expect a similar bullish pattern on the bitcoin price before it reach the end of the year, but we are so close to the end of the year that we only have 16 days left from now.

It is true that there is little doubt about the next bullish move in the near term, but no one knows what will happen in the rest of December even though the bitcoin price is currently undergoing a correction. At least $40K support can still be expected to hold during this panic, so we can still hope for further recovery.

If this is not a bear market, then what it is then? Correction during 5 weeks? I wish to believe in this, but it is hard to do it. As soon as the Bitcoin price recovers a bit during a day, after lunch it starts to drop down again. Bears are pushing it down and encourage people to sell, especially before Christmas and New Year. I believe that we have fully entered a bearish trend, completely skipping altseason in 2021. I think we are repeating Spring 2018 cryptocurrency steps right now.

I don't think the bull market will be over soon because the cryptocurrency market have a strong momentum up to now. If you look at the cryptocurrency market capitalization via Coingecko or Coinmarketcap you may notice the entire market capitalization is above two trillion dollars that show how strong the market is and perhaps in the future we might see a huge uptrend that may skyrocket the market capitalization up to three trillion dollars or more.

nhaila

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Quote from: ranaprime on December 18, 2021, 05:04:47 AM

Considering the current market, many people may think that the bull market is over. However, I think that even if the price is dumped, everyone is ready. With the change of this situation, a new bull market will start which is more than last year. Next year that means 2022 will be the one another remarkable bull market year in the crypto currency history.

Your opinion is correct because at the moment many people think that the rise of Bitcoin may end here. As of this month the Bitcoin market has always been below 50 thousand. Many believe that Bitcoin is likely to reach its peak in the new year 2022.

ranaprime

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Considering the current market, many people may think that the bull market is over. However, I think that even if the price is dumped, everyone is ready. With the change of this situation, a new bull market will start which is more than last year. Next year that means 2022 will be the one another remarkable bull market year in the crypto currency history.

Topic: What is your opinion on recent bull market, will it be over soon? (Read 987 times)