Bitcoin Forum

So when in the world will we break out of this bear cycle? When do you think it will end? This is a good opportunity for those who do not already own, but I don't know about you but I want it to go beyond $20k already. I guess we'll let more people in now so we can go up to that next level of a bull run... Cryptoverse only knows.

yes. we are not yet on the bear cycle because bear cycle is just going back to the old one. i guess it is possible to go back to the old times, just like our dresses, years and decades passed but we are always bringing that fashion out. but in the business, we should not bring the old and past one.

Crashes and corrections can take months to years to recover. I hope it doesn’t take years, but it would not surprise me at all if it took the rest of the year to get back to around $20,000 per Bitcoin.

Just be patient and wait it out and we’ll see huge gains again at some point. Just buy as much as you can while the price is low and hold for the big gains later.

The resistance point is strong to be overcomed. It seemed we were near to exit this cycle, but BTC started dumping again.
Maybe people are fearing to invest now because regulations are appearing on their countries and they don't know what will be allowed and what won't be. When the governments set the new rules for Crypto-Currency people might start investing more. But there isn't a accurated prediction about when it will happen anyway.

Would agree with this. When BTC reached its ATH it was excessively over valued at that time, it was all pure hype that powered it. One time investors mostly, that maybe cashed out made some profit and aren't looking back at btc now.
Now I am going to assume we see more gradual rise, like it always happens along with the corrections and drops after every few thousand dollars.

Please people you have to understand the market cycle. You can look this as a good sign because the price of BTC didn’t when up rapidly. This kind of pattern shown that BTC is not a merely bubble coin. The technical explanation of this are the Resistance line was already reach by that’s why it will go back to Support line.

I hope that we are on the sideways trend because if not it go back to 6,500 USD support line. Or worst break the Support Line 1 and go for Support Line 2 which is 5,500 USD

I have many ideas that it will continue to go down in the next few days, when it comes to the new week it will come back, and a blue will come back. Try to buy the Altcoin you like when the market goes down because I think this is the last chance you can own it at such a low price. Get it before the pump market returns. Good luck.

I believe that history has a knack for proving itself and that I think the crypto market will come alive after March or maybe in April/May...like last year.

This period will test the nerves of many and I am already seeing a few investors losing their nerves and cutting losses.

The weak hands will cut loss during this few months.. and in May, we will see fervent buying by everyone once again.

Hold on tight, we will get a chance to say "i told you so" very soon.

It is hard to say, this market is different than before.  I am 100% sure that it is being heavily manipulated by wallstreet, who just got in recently.  I was watching GDAX the last few days, and I have seen obvious spoofing and order stuffing. 

There was suspicious timing: futures contracts came out, at a price of 20k right after bitcoin hits an all time high of 19k.  Then mysteriously there has been nothing but bad news since.  Also stuff like VISA-Coinbase shenanigans.  Its b.s.!  I get a credit card number stolen once in a while.  After a single $3 transaction they shut that crap down!  So you cant say that the cc's were ignorant to crypto purchases.  So why now all of a sudden?

There are lots of things like that.  To me the manipulation is so obvious that if the people running the world economy weren't the ones doing the manipulation, then there would be an outcry and people would go to jail.  As it is these are the people who pull the strings so they can do whatever they want.

So it is hard to say what will happen.  I feel like this 'bear cycle' is the result of heavy manipulation.  However bitcoin is a freight train running downhill without breaks.  There is no stopping it.  But that doesn't mean the price can't be clobbered in the short term.

The trend is still down as panic sells are triggered, but soon the bitcoin will find his price and he will stabilize, its going to boost  him further as the panic sells will stop.
The whole market  is very new and that's the reasons that the price changes are so aggressive, we need to find a price floor and start from that.

As a long term believer I don't really care about short-term price changes, and if you are a true believer in bitcoin you shouldn't care as well, hold until we get into massive adoption, the previous network upgrades including Segwit bech32 addresses are going to decrease the fees significantly and I believe that's the trigger that is going to push the price forward.

That's right! If you are in a long term investment, you don't  care in bearish cycle of cryptocurrency.
Panic sellers are triggered to sell because a lot of speculations in bitcoin that they followed. As a keen observer, they might notice how does the manipulation of bitcoin affects its price, not by the speculations they gathered.
P.S. bitcoin is not a human, please refer it as a thing. Use the proper pronouns. Thank you!

The current price trend will cycle between 12000 dollars and 9000 dollars. I expect the price will be around 10000 dollars through the year.

Not really, nor I have ever thought we could so fast. Consolidation might need a lot of time. I am afraid that we still have to experience lower lows in the process. Pain ahead, probably.

Why do you say we are still in a bear cycle? I think we are just in normal daily consolidation right now. Don't forget we went as low as $5800, and then we started to slowly recovering and went as high as $11700. We even had a small bull run of 4 days in a row, that didn't happen in a long time, and we are not seeing some consolidation from that run. This is perfectly normal in any market. As long as we don't go bellow $8390, or $7800 if you want to give a little more room, we should be fine. Hopefully we pulled back to $9700 and that is our new resistance point. If not, we still have some room to those values I've mentioned. We will take some time to break the $12k, but there is no reason to believe that we are not getting there.

I know you are still worried about the current value of bitcoin though you said it is a good opportunity for those who want to buy but you want tit beyond 20k$. It is either you want to sell yours or you are afraid it will not recover at the end and you are going to lose.

That's not how it works, unfortunately.

In the meantime, the selling pressure from different exchanges outweigh the demand, so in this case we are expecting more downs rather than ups. Also, there isn't a concrete trend or a definite direction in which way the market would take; right now it's just a constant battle between traders to profit and no other people included in the trading arena. And looking at the charts, there seems to be some form of bearish movement brewing, so yep, we are still not out of this phase.

We're still consolidating at a much lower price level than the high of $20k last year.

We should be slowly moving up throughout the first half of the year, in my opinion. Ecah time the floor of bitcoin should be raised. There won't be as many pumps or as much volume in these pumps as last year, that's for sure.

The market mood is still quite bearish since the start of the year isn't a particularly good one. Though expect both the market mood and price to turn to a stable level once the floor is raised past 5 figures. A pump after this current consolidation should snap the market out of being bearish.

The indicator that we are out in this bear cycle is that when selling has subsided and price have calmed down for quite a while(this is the indicator I always use). Don't just trust my indicator though since there are some instances where this have failed to determine the movement of bitcoin market but most of the time, when selling subsides, btc price tends to price after being stable for a while.

Maybe not for a while. The 2014-2015 bear market was a slow bleed where the price went from $1000 to $170. It then took the whole of 2016 for it to climb from $170  back to $1000.

So it might take three years to get back to $20,000.

Such range scenario will be great for altcoins party this spring  :) are you fill your bags already?

Even if the so called cycle continues for the next few years,i will be more than happy if the price range is moving around these figures,a year back no one expected the price of bitcoin to move this high,other than the big speculation of where the price could be,there was no concrete evidence or chart to confirm those movement. Try to make use of the market rather than crying about the price movement. Until the regulations around the major nations are sorted out ,expect the market to be like this.

It's possible that the bears are not yet done with their feast. But, I believe that in every downfall, there will always be an ascension. If the price doesn't go down below the major support level, there is nowhere to go but up and vice versa. Just be patient with your investments and time will come that the seed you planted will grow with proper nurturing. Cryptoverse is known for both possibilities and impossibilities.

Revisiting this thread a few days later, price action looks more bullish. The ball was in the bears’ court for a few days, but no new lows = consolidate and pump. Now we’ll have to see whether bears defend their gains.

It’s starting to look like this correction off the $11,000s could form the right shoulder of an inverse H&S. It’s still too early to say but the proportion and volume look good:
https://i.imgur.com/tnFB0pf.jpg

Still too early to rule out a second leg down into the $8,000s but I’m pretty unimpressed with bears right now.

Definitely too early. However, the bears were not doing anything at all -- the market just bounces up and down within a wider range than people initially expected. In fact, the $12k short term peak was quite an exaggerated market reaction, which caused the price to rightfully come back down again. I just wonder for now how long we'll be able to maintain hovering above the $10k level -- the longer we manage to stay above that level, the more confident the market becomes. Hovering below $10k might be great for people looking to accumulate, but it feels like we're going back in time, which is something we don't want to feel/experience.

Update: We're testing the neckline now. Proportion looks perfect and the declining volume profile is typical of an inverse H&S. Now all we need is a break of the neckline:
https://i.imgur.com/oehMk4W.png

Intraday, price is holding comfortably above the $11,200 breakdown level on the daily, so I'm expecting the H&S to confirm soon. Maybe a little shakeout first off the neckline, but bulls are in control on most time frames.

Yeah. I think for now it looks like the bulls has taken over but I will still be cautious though. That $11K-$12K barrier really is a big wall but a little shakeout is needed before making a final push to even greater levels of $15K and up.

Lets see if this current price is sustainable or the bears will out muscle the bulls one more time. Its been very tough months for us and I want to see at least some rally to bring confidence to the market.

And there are no negative or fakes news that popping, so its a good sign that the sentiments around will be somewhat positive and should be reflective of the market price.

Short term I've think we're already broken it. We've reached heights of $11k and seems to be quite stable. I doubt that after this we'll see any dumps for the week and prices should be going straight up to $13k or more. We're waiting for the signal at $11.5k or so.

Medium term, aka timeframe of a few years, we could still be on a downward slope. Referring back to 2013, it could take a few years to go back to its ATH. I expect something similar with less of a dump and more stable prices, as well as a faster recovery due to the growing population understanding and using cryptos.

Long term nobody should be worried about this "bear cycle". It's only a matter of time before we break out again, whether it be days, months, or years.

I thing the bear cycle is over when bitcoin was hoving over $7,500. Bitcoin is now in a semi trend and bullish market and I expect the trend market to be over any moments bitcoin cross $12,000 significant level. We should buy now as opposed has said and we would be happy we do so.

The fact is that for today the price of Bitcoin is still a bubble in my opinion, because I do not see What is its value. I do not know who will be able to pay 12,000 dollars for Bitcoin and at least this is not a simple user.

I think we are out of the bearish month! it is just the time of adjustment now, people are still doubting about the bitcoin rising and still some of the whales are bagging more.
they are putting walls to stop the rise of the market value. soon once they are all done and people accepted that this coin will be back im sure all will rise in just a short period of time.

bringing more party means more complicated fluctuations, they don't have a similar motive when it comes to cryptocurrency but the majority has the same one and that is to make some profit out of it, that's why it is fluctuating, crashes and bumps at the same time is common here so the time we reached 20k or more expect it to drop drastically in a short period of time.