Bitcoin Forum

we have seen some little dips in the past few days and its a big concern which many have said we should brace up for dips. currently the price is bouncing off the 44k region which can mean we might go up a little. looking at the chart i see 42-42k region as a strong support but if we close below this region then we might be in for a long to the 30k region. such is how market behaves so anyone who is happy about moon should also be expecting the dip. please give your views about the current market situations in terms of being bullish or bearish.

The hype is over. so we can expect it be bearish.

If we account the people who only invest because of Elon, we can say that some of them blame btc for losing their money as they've probably the ones who invest when it is in high, then the sudden dip so they're not coming back. If that's the case, it will go down and down as long as musk don't make a tweet.

Bullish for long-term: In an interview with CNN, Minerd said, "If you look at the supply of Bitcoin in relation to the supply of gold in the world and the total value of gold, you would be talking from $ 400,000 to $ 600,000 per Bitcoin if Bitcoin hit such numbers".

In March 2020, the Bitcoin price dropped to a low of 3,956 US dollars during the Corona crisis. Since then, however, has increased significantly. The recovery picked up speed especially from autumn 2020, when PayPal announced that it would enable buying, selling and payments with Bitcoin. In December, Bitcoin cracked its previous record high from 2017, at the beginning of January it passed the 30,000 dollar hurdle and rose to more than 40,000 US dollars during the month. After a temporary decline, the popular cryptocurrency surged to more than $ 55,000 in February, to an all-time high of $ 58,313. That shows me that we have to be patient and trust in Bitcoin over the long term. In the short term it will always go up and down

This is an interesting situation. When we were between 20K - 30K, people were saying that we are in bullish trend. Now the price is above 40K and people are not happy and think bitcoin is bearish.

Why do we only think that we hit 58K and comeback to 44K now. Why not think the other way around. We were at 10K four months ago and now we are at 44K  :) 

I am also bullish for long-term. Not so sure about the short-term but if I have to choose, still bullish, although turning to a bearish market wouldn't bother me that much, as I see this as a long-term plan.

Bearish. Check out the charts, all of them are showing bearish flags, and a lot of supports has been destroyed recently after a huge dump and a small pull back. The lowest price we could go I think is $20,000, that's the maximum, then I guess slowly it will rise up until it reaches its price goal which is $60,000 if I'm not mistaken because that's what I've read in a certain article I've seen in Facebook.

Now is the good time to buy the dip, and make profits when the market get bullish again.

Bearish already for you guys? just with some slips and dips, I don't find it to be bearish at all. There's more to go that awaits for this year and that won't conclude that it's already a bearish signal.

A reduction of $10k-$13k from the ATH of $58k isn't a lot, compare to the start of this bull run. On the same day on December 28th, 2020 bitcoin was $26,950. Just 2 months from today with the price of $45,100.

I am still bullish despite that I’ve expected correction due to it’s parabolic rise. Bitcoin is currently trading sideways right now, but mostly on a downtrend in favor of the bears, but it’s not going to be like 2018 all over again. It will go back up again for sure, but correction like this is necessary.

Possible key factors would be due to DeFi projects starting to pull out their liquidity and assets on Ethereum network and switch over to Binance Smart Chain due to the uncontrollable high gas fees. That’s just my own thoughts anyways.

Bitcoin is going through correction and as in the past it can correct upto 30 - 40 percent. Therefore being bullish will not help if history repeats itself. I do not expect it to again touch its new all time high in coming days. I am expecting a strong correction happening for the next few month. Hence I amnnot bullish bit bearish.

Bearish at this moment, I guess.
Most of the cryptos in my portfolio are on red marks and this has been a continuous downfall. What we are not sure of is to when will recovery occur or will the prices start to rise next week? 'coz if it won' t and if the situation will get worse on the market prices, this would be both of a good thing and a bad thing. Investors could make use of the opportunity to invest. While it would be somewhat of a bad thing since no one knows when will the market price start to rise. Going back with what happened before, when a huge downfall happened on the past years, it took a long period of time before recovery again was seen.

Nope the hype ain't over yet. If you're only referring to Elon tweet as your basis to the recent pump, I might say you're partially wrong. Remember Btc has broke the 2017 ATH and even go further as much as $40,000 just before the Elon Musk Tweet and his Bitcoin investment goes public.
Institutional investors are coming in to the market just before the Elon Musk tweet.
Bitcoin is bound to reach 6 digit form soon.
Lastly, IMO we're still in a bullish market despite of the correction.

NO, it is not the thing we should look into if we think about the bearish season. Might be the hype is over but the market still in its good position. We saw declines but that is just a normal and possible case to happen as volatility showed.

I don't think it is a need to blame others because we lose because, in the first place, it is our decision to invest, nobody force you to do that. If Elon Musk encourages people to invest in that because they believe that Bitcoin will give them a profit but unfortunately, the situation doesn't give them a favor. And we are going to lose neither if we don't sell our Bitcoin.

I would dare to say that we are exactly where we should be in terms of price, because everything that happened after the news about Tesla has lost its short-term effect. In the long run I don’t see why we wouldn’t still be bullish, so we’re in a post-halving year and that’s going to have some effect.

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At the time Tesla was buying BTC, Musk posted on his Twitter that Bitcoin is bs, same as fiat, and I wouldn't be surprised if his followers, which now has more than 48 million, reacted to his  tweet that the price of BTC is a too high (https://twitter.com/elonmusk/status/1363021091086561285?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1363021091086561285%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.cnbc.com%2F2021%2F02%2F22%2Fbitcoin-btc-price-down-10percent-after-elon-musk-says-prices-seem-high.html), which brought down the price by 10%. Personally, it is very strange to me that the price of BTC depends on what the next EM will write on its Twitter...

Even if we go to the 30k region, we can still be bullish as there may be a strong support to bounce back there. The only problem Bitcoin will have at that level is if it dives and loses grip of its hold on the market dominance. Once that begins to happen it will mean the alts are beginning to have more cash inflow to them and that's when the alts season starts and Bitcoin retraces to the down slope. But if Bitcoin goes up and alts go up, it's all good. If Bitcoin goes down and alts go down, it's still all good. However, if Bitcoin goes down but alts stay up then there's a change in control. ATM, Bitcoin's dominance is at 60.1% and that shows we are still in the bull run.

Bullish in long term. Don't care much for short term.

But I would love a 30k again to load up on more BTC.

It doesn't matter a lot what one of us think. I was bearish and correctly at $40,000, as price dropped back to $30,000, however Musk decided to moonshot Bitcoin and the pattern changed completely. I am bearish again but we know this market is driven by news. Many of the whales that used to decide the top of the market also seem to have exhausted their supply after this buying frenzy from institutions. I am not sure if this will be the top, but the last two times the bull market ended with bad news coming from MtGox. It could be again that the ghost of MtGox will hunt Bitcoin for a third time.

in my opinion is just price correction and will bulish like 2018 even tho altcoin take the damage too  :'( :'( :'(

We're absolutely out of bullish momentum into the bearish mode. Base on what is happening to the current market price of Bitcoin, we might go further than we are currently becasue the correction mode doesn't seem to have some good support as per chat at $42k, maybe when the land slide against bitcoin price we might land into the $30k zones for another accumulation phase.

I don't think the market correction is that striking, but Bitcoin came in this year with a price of around $ 30K. And this is much less even than the current level of decline.

I hope we'll see more people like you, who say that it's all over and that we're now in a bear market. This usually means exactly the opposite, just like when we were at 30k people were saying that the bull run is over and we're going to have a correction, but we went straight to 50k instead.
Observe the majority and you'll see that the crowd is always wrong.
Some examples? Sure:
-2016 lows, people were selling for $300 saying that it's game over for bitcoin
-2018 highs with first correction to 10k, people, lead by CNBC and Tom Lee were saying that it's just temporary and we'd go to 30k
-2020, people were expecting a correction to 1k to end the 2018-20 bear market, not seeing that the market was already over in 2019 when we went to 14k
-2021, people were expecting 40k to be the top and the end of the bull market
Now, the correction is most likely going to end before 40k with a strong upside move. We have a very high probability of a new high by the end of this year if we don't dip below 30k within the next 6 months.

Not sure whether the bullish market is over this fast as in the past the bull run would continue late till December and we have many months left and until you hear other huge investments coming in we might see a minor correction but that cannot be viewed as a bearish trend, i am expecting the market to rally once again and crosses the all time high valuation once again before we see a major sell off.

I still believe we will hit 100k before the end of the year. The correction was bound to happen at some point but I didn't expect this huge dump. We just might dump to $36k  lots of traders are already facing liquidation due to the dump

We have now a new candle after a 4h chart and it clearly says that bitcoin is going down below now, we're now in the bearish week i don't know how long it will lasts the least thing that I could do is to wait for it to touch the support if bitcoin passes to it, I think see you in 3years again our bullish season is over. It is time to accumulate again and wait for the perfect time to sell in the future. New month new season let's see.

A correction was absolutely necessary at this point of time. Many people started assuming bitcoin is a money making scheme and it always goes up.
But they should know that corrections do take place in bitcoin and while sometimes they are short but sometimes they are huge as well.
Right now I think bitcoin would fall till $42k where it has a good support and then I think it will bounce back and create another ATH crossing $60k.


  https://talkimg.com/images/2023/05/16/blob484607cfc345187b.png
 (https://imgur.com/TKtHsW4.png)

It is really a big concern right. I have closely monitored the moves so that I will be on safe side. Whether bull or bear I am covered. But have it in mind that the bear will come one day.

Bitcoin has been struggling to develop an upward momentum for 7 days. Various market analysts are still convinced that Bitcoin will continue its bull run. Sooner or later, however, things will go extremely well again. It's only a matter of time. I think we will be fascinated by the courses or prices again at some point. No matter if Bitcoin or Altcoins. Here in the forum there are countless posts from the past hit that discuss exactly what we are doing now. there is only one difference ... the price.

I couldn't agree more. There still a cloud of fear that lingers in the space and whenever there is a dump we see this fear manifest. People are already panic selling their coins but hey did we expect btc to keep going up without a correction? Is that even possible? We had a good run from December till now. Let's keep the fire burning

Year 2024?

I agree the hype must be there in order for money to be pouring into the market, but as BTC goes under 45k peoples' sentiment takes yet another blow. As it stands the bearish market seems to become the regular market, not so much an immediate future of bullish

Did Elon already panic sell?

Wow, the price went down quite significantly already. I think the price is getting down gradually, so the market is entering the correction phase if not a bearish trend. I think the price can still move around $2k up again, but then it'll go down even lower than right now, and eventually I think the price is likely to get to $30k or perhaps even a little lower. I do agree with others on the long-term bullish perspective, though, because after the current run, I have no doubt we'll see a new ATH in a couple of years. It's okay for me if the price goes down and everything gets calmer, and I believe it's fine for others who've been following Bitcoin for years as well.

Bullish. One of the reasons that we were all so bullish last week was because there's a lot of companies currently deciding whether or not to put some of spare cash into Bitcoin instead. A $1.9trillion stimulus bill has just been approved by the house. Previous bull runs at this time in the 4 year cycle have run much later into the year including quite a few ~30% corrections.

Nothing much has fundamentally changed over the last 10 days so I can't see any good reason to think this bull run is over yet.

https://rektcapital.substack.com/p/5-facts-about-bitcoin-corrections?fbclid=IwAR0ek1bq_v23eewtuNIlz4VrOwrxXXZ8g5j0U9Qmx4clZQDKfgKg6y3ziSI

Everyone is just busy shouting dips here and there, and I wonder what's with this historical month of March not always being a good month for Bitcoin, maybe that's what most people are scared of that's why they are dumping their Gem BTC
Personally I don't think this is the end of the bull run there are still some hypes around, also more financial institutions are still buying bitcoin so that's a good sign that we might not dip too low, dipping $10k-13k  from the recent ATH doesn't mean bitcoin is gonna turn bearish, we just need more good news and slowly we will recover from this dip and even move to a new ATH of $60k.

Seriously? You got to be kidding.

I really don't get it, all these posts saying that we are in the bear market just because price dropped for less than 30%. I mean, I can understand people panicking back in 2017 but now after everything that we experience in the last couple of years to call it a bearish..

I would personally start thinking that we entered bear period if we drop below 20,000 but as long as we are over that, for me it's still bullish. Just draw the parallel with the beginning of 2017 and you will see that best is yet to be come.

No! That is a big lie, do you have a crystal ball on this, and you able to see what will happen in the future? Dont be silly dude.

At first, we are not on hype and bitcoin has real investors, from small, individual and then the large institutions who invested in bitcoin last few months and that is the reason bitcoin pumped too much. But now there are some whales trying to manipulate the market, I guess selling a large share of bitcoin.

There are speculations that we are under on correction stage of bitcoin price and I hope they are right but I didn't think it is the end of a bearish trend in the market.

We are bullish.

Bear markets look the same every time for Bitcoin. There's a new ATH, a crash of usually 40-50%, a dead cat bounce, another crash down and a consolidation above the previous bull market ATH.

Now it's still a correction until we see more signs of a bear market. If you're scared i'll tell you that the worst thing that will happen is a consolidation around 25000 and another bull market.

If that's unbearable news for you, sell and be done with it ;)

I think right now the bitcoin is taking time for having a retest for the market is the bitcoin makes another ATH for the 60k or going for another dump and wait for the 20k again.
Base on the market graph of the bitcoin today we experience the bearish time if you are trying to look with the 1D, 12 Hrs, or even 3 days graph still there are no changes or being stable of the coin still better to keep conscious about the unexpected dump or pump.

We are actually experiencing some bearish trends now. If that retesting some $40k areas, we can still experience some long bear market. We shall accept the fact that we can not always be on the bullish part. That 30% dropped makes the traders and  investors goes to panic but as I can see, bitcoin still strong to manage to go further above $50,k again.

The Bitcoin market will be bearish in the short term and bullish in the long term.
March and April are usually bearish months for Bitcoin,so there's no need to worry.More important is what will happen with the BTC price at the end of 2021.Are we going to witness another major pump "to the moon",or the end of 2021 will be more like the end of 2018-bear market and price stagnation.
I don't care about the current price.I just want to earn as much BTC as possible and prepare for the next bull run.

How are you covered? Because you sold some BTC at the ATH and now have cash sitting waiting to buy if it goes lower? Let me know. Thanks!

Why March? Because of USA tax season? When is the tax season in other nations?

I am also of the same opinion. Now the price of bitcoin is over $ 46,000 and is slowly rising again. Compared to what we hoped to see over $ 20,000 just a few months ago, this is a huge increase that has never happened before. Of course, we cannot hope that bitcoin will continue to rise in value. Periodic corrections and significant drops are inevitable. However, this year is special for cryptocurrency. Most of it should be characterized by price growth. Therefore, now the fall may even be very significant. For experienced participants in this market, such a drop will be just a gift.

In my opinion we have had a lot of traction for a bull run over the past two months.  This correction is obvious and at the psychological resistance level pressed by many conflicting rumors causes confidence to drop.  Of course, I think this is natural but we are off to a good start this week.  The red point is still likely to move down because the fast take profit is triggered.  but i suppose the perfect correction will range in impedance 44k-45k $.  At this level, psycho will still be able to trigger a strong Hold.

My current opinion on this situation is that you could already take the profit that you have gained and then wait for another opportunity to invest it all in one instant. The current trend is that its looking for a value in which it would stabilize but we are not sure when it would stay at that specific value so we have to keep watch of Bitcoin's value for a long time and waiting is always part of it if we want to gain profit. Waiting for the $30k region is safer than buying at the current value but that would really require patience but it depends on everybody's gut feeling.

Completely bullish. Why bearish? Because it dropped around 20%? Okay, we're on this "Tesla period" right now, I think that now it's calmed down. But, no, no bearish. We'd be bearish if something there was a crash to $20k, but all these hypes, and the pandemic and the panicked investors pump bitcoin price.

Also, have you taken a look on twitter? If this isn't bullish, I don't know what it is!

Yup, historically speaking, this is one of a kind and a very huge uprise and people who are upset with the correction don't really appreciate the past few months of how much bitcoin was. They should look into that matter before telling that it's already done and there's no more rise that shall come.

They're quick to give that opinion although everyone is entitled to give their opinions and so do we. We're now having that judgment that whenever bitcoin drops, we're very sure that it will recover afterwards.

Because the FUDsters said so for the entire week-end, "forgetting" about the fact that US money machine is being set to print more 1.9 Trillion green paper (https://www.npr.org/2021/02/27/971637729/house-approves-1-9-trillion-covid-19-relief-package) which will keep the voters happy and make HODLers richer.

I consider it bearish when the price hitting below $25K but we're now still in bullish season because simple, take a look at the former price before the bullrun happens we are now waaay above that price point and if people out there think that we're in a bearish then they better read the price chart again.
Not to mention the price feels stable at around $45K - $47K it's just a correction I suppose.

How about at this moment?  Yesterday I checked Bitcoin is at $44k, now it is about to break $48k, it crashes sell resistance from $45k to $47k.  So are we now at the bull trend?  If you are referring to the past as a basis then imagine the 2013  trend and 2017 trend.  It takes almost a whole year of bullish trend during those time, so I guess according to your observation, we should be experiencing a full year bullish trend this 2021.

Actually Bitcoin price just hit its recent low which is $43000 and pumped once again to $47000 .. Yes we are in a temporary bearish momentum but as you can see on its TA, Bitcoin is gaining its momentum once again and preparing for a jump price.

We are now closing to to 48,000 again so i believe that we are still in Bullish time , Imagine we fell down to 43k

24h Low / 24h High   $43,241.62 /$47,761.55 meaning that there are still bull in our side , it's just correction or attempt of manipulation happening .

Now don't get too bearish so fast, you probably looking at lower time frame charts, try to zoom out and see the full picture, Bitcoin chart trend is up and nothing is changed yet, if Bitcoin goes lower than $30k then we can have a discussion on whether it could be bearish or not, but definitely not now that we only had around 35% correction after 1800% upward movement from a year ago when bitcoin touched $3k after the pandemic hit.

Always keep your eyes on big picture and long-term trend and avoid getting tricked by these short-term price actions whether they're up or down.

Bottom line is if you're trading in a bull market don't get too bearish unless the trend changes, and if you're trading in a bear market don't get too bullish unless the trend has obviously changed and is going the other way.

Looks like the Hype Over and the market was still on correction Stage, It was great wave to ride before but for now it's already on it's peak however if there any some Strong push again (Like Tesla Buying Bitcoin) I suppose it will go stable around $50k and we can expect another bullish but for now better to sell some profit from last bullish before and wait till the correction over.

What we have today is the same when we experience the price holding on to $30k+ when it was near $40K last month. This is one of the good indications where the market is making some preparations to surpass more than its last ATH. I think whoever wanted to invest in the lowest price of BTC should remain vigilant these next few days because this might be the last time they see the price down this low this year. If you are one of them, you better not blink in this kind of situation. You need to be vigilant in order to invest in its lowest price to maximize your earnings if ever the price of BTC will pump again.

Yes we encountered a big and huge dip for the past days in which we entered in the price of $44,000 which is really we can considered that a huge price dump and many says including me that there is a big possibility that it is a sign of a bearish market in which the bitcoin will suddenly collapse and will down again eventually after some months or weeks, but we don't know if this really what would happen because they're saying that this is just part of market correction and there's nothing wrong about it.

So you think that the FUDsters pulled the market down?, the market was rallying for a long time and it is time some of the investors book their profit and i do see this correction as some of the early investors who made a good profit booking their profit and waiting for the right opportunity to enter once again if they think that the market will bounce back again.

I'm still bullish and there are plenty of reasons to be in favor of it.

Even we are in bearish trends now, bitcoin price can become stronger than a few days ago because the price now can back to $47k and the green candle still appears now. I wonder if the price can still rise more than the price now, and even if the price can back to $50k.

Yes, bitcoin price will get more chances to rise to $48k-$50k soon. But we need to be patient and wait for a while. This situation can give us more time to buy low and sell high because the price conditions are still good for us.

The price of bitcoin is currently over $ 47K after falling which in my opinion is not a drastic drop and only hit 43K, and my belief is very strong that BULLISH will be back soon and will come for the long term and HODL is an option for me besides taking advantage of BEARISH to buy in quantity small just to increase the bitcoins I have.
The correction will continue to occur every time there is an increase in the price of bitcoin and we all know what to do if there is a correction, everything will be fine and what happens to the current bitcoin price is still normal.

In my opinion, we were still on a bullish trend, there is still some pullback yes because expect that after a growth there will a correction will occur, so I believed we're in a correction. Currently, Bitcoin recovers and now currently hovering around $47k. However, in the case of altcoins, it seems it is now undergoing the process of the bear by just looking in every chart, it's all red. Anyway, even if we're on bearish or not Bitcoin is still showing a good run, like green candles are now appearing and there's even a chance for it to go back at the $50k mark.

Very possible that some of those early gainers do cash out for the weekends, and now that the market is open for another
week it's time again to work out.

Bouncing back  is happening now, look at this  movements happened only within one day.

  24h Low  /   24h High,
$43,241.62 / $48,201.44.

For sure those who have been moved by Fuds are now very frustrated and regretting the action that they've take,
mostly those who rushed out afraid of losing much from their investment.

Much has changed in the cryptocurrency industry, and a significant amount of necessary foundation has been built compared to 2017. Trying to predict major future market movements is often an unsuccessful strategy in this situation.

The recent $ 10,000 drop in Bitcoin should come as no surprise to anyone following the markets. There were a number of warnings about buying a 5th wave pulse, because usually at this point the movement loses steam. The irony is that this is often the time when the market seems to be strongest.  Nevertheless, such withdrawals are completely normal for BTC price in my opinion.

At least in the last seven days the market still looks strong because it is still up and down in the 40k-50k range and I think it's still in a safe situation, with this movement I don't think it's about bullish and bearish because the market is still in a normal movement. Situations like this are certainly good if used for day trading but yes, it's too risky but if you like challenges then maybe this is the right time to make quick profits.

The market is quite strong, and no doubt in it. The marketcap keeps recovering after every small fluctuation causing drop in the value of bitcoin. As mentioned, it is the time for traders to make good profit. Over the past few days it doesn't looked to be too risky, because the market moved gradually in the downturn with periodic upward movement. So users who had sold at higher price got promised opportunity for buyback at a lower price.

Of course not. They can't influence much. They were only preaching Bitcoin's doomsday once again so they (or their masters) can buy cheaper as long as this correction lasts.
All this FUD is "only business" for (way too) many.

And the weak hands that don't understand all this and go by all the rumors missing the big picture will buy expensive and sell cheap, crying later on about how unfair Bitcoin is.

Yeah, it seems to look that was not able to see the market turn to bearish season this year. With the momentum that it had today and even in the past days, I'm too positive that the demand will increase. In fact, we have corrections in the past few days but for now, we are rallying back for that short. Many thinking about the end of Bullish season but surprisingly,(which is not) we ven getting better.

That's called a correction and has nothing to do with the market been bearish, let's not forget few months ago bitcoin was trading below $40,000 therefore a correct below $40,000 shouldn't cause much panic been that the correctios are needed for a continue growth of bitcoin to higher price. Consider this correctios as a healthy one and buy the dip like how the big boys (institutional investors) are doing.

We shouldn't expect the price to be a one way movement if not there won't be much support and when the drip those come it'll be a one way movement down too. This correctios are happening this create a strong support as they give room for more investors to join the market.

We're still bullish and this bull run is likely to extend until the end of the year although that doesn't mean we won't be having some corrections movement like what we're experiencing of recent.

 Bitcoin Will Be the Next Global Reserve Currency,” argues that when countries have tried to put the kibosh on cryptocurrencies, it never really sticks. “When India outlaws crypto, you just go to another country,” he says. The world is fluid and it’s easy to bring your crypto business elsewhere.

Although it looks like we are in the bearish market already, the price still is moving up. It goes back to $50k and down again but the news that boosts confidence is that Microstrategy again purchased $15M worth of coins again. 



But it must have prevented newcomers to crypto who instead of planning to invest in BTC, changed their minds because of the fud they heard on the news and read on the popular websites.

Honestly, it's pretty early to say that Bitcoin is in the bear market after a simple 20% drop in a few days.

I have observed the trend of the previous bullish season. It got bullish during the last quarter of 2017 through the first quarter of 2018 and then we saw the bears playing hard in the space.  I am also seeing similar traits here, the bullish season started in the last quarter of 2020 and its the first quarter of 2021 and its behaving siimilar to the previous. I am not expecting the price to crash to the same amount it crashed to, the last season but am expecting at least a crash to 39K as a correction before we see the bulls overrun the market.

Thats the thing with crypto and for anyone who is doubting that this is end of Bulls and into the Bear market.

A 20% dip is really nothing and we have seen these over the years. 

It is expected for new bitcoiners to be worried but for anyone who been through it before knows this is normal.  For this reason I am still very Bullish.

We are and were one a bullish trend since long time ago, if you are talk about long term. The retracement to 44-43K or even 40K is competently normal because technically on 4h time frame, if you draw a fibo retracement on the chart, you will see the price didn't break the key support level (~40K) and we are on a healthy correction situation. This correction will help the price to get some more potential for rich higher price levels soon as a new ath.

the market is greening now  https://coinmarketcap.com/ so what you think ? are we still in bullrun or is this what you called Bear.

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Last year we have a lowest fall in march with the drop of more than 50% in just a day , Now we are in march once again but look at the price?

from 4,000 in march 2020 now almost 50,000$ in march 2021 , in one year duration price climbs up more than 12 folds , i think this is respectable as Bullrunning still right?

January we have a 26% dip, followed by 23% in February. So yes, this kind of dip is really nothing. A crash of 50% is most concerning, but we haven't seen it, meaning support lines are not yet broken and this kind of dip is what we call normal correction, not just in crypto, but other financial markets as well.

What makes it more distinctive is that crypto market is very volatile that's why a 20%++ dip is sometimes magnify by social media so create some kind of FUD and thinks that the ecosystem has fallen and entering a bearish trend.

Wow. This idea is definitely true and interesting because I was there last march when the correction of price drop at 50%. I believe that many people will definitely get scared of the idea that bitcoin right now is dropping. But many traders always says that this correction is very healthy for the market to balance the scenario of each coin moreiver the bitcoin. Because of last month continuously Bitcoin getting many ATH, this correction is one way in order to prepare for the next all time high to be recorded  so I think this is a bullish action for bitcoin as well as the other alts.

Maybe we are in the bullish, but we still at the bearish because the price can drops again to the lower price. If the price can break the $50k barrier and increase to $55k-$60k, that will be bullish. The bearish will come to the market as the bearish means the correction that always comes after the price increase. Be careful if you see the price can start rally like today because no one will know what will happen in the next hours, and the bearish can come again.

Bullish. At least I want to hope so.

It’s not a new thing for me, I know for sure that there will be a dip at a time, but right now the market is still bullish, from the time you made this post to now, which is a few days, the market has already started moving up again.

This year is a lot different from the years I have seen so far, there were lots of institutional investments that came into the market and I think they are what really helped in pushing the market to the level it is at this time, and it can as well be the reason why it has not crashed to a lower price yet, and I also think most of people are believing that we will reach $100,000 so they are still buying.

10%, 20% corrections and recovery back shortly, that was not a bearish at all but this is a preparation for a long-term Bullrun and this what I observe in the market. If that we saw a 50% correction, that possibly means that we are in the bearish season.

I don't see a reason why we should be panic every time we heard FUDs, these people telling us that the bear season will come is only be their opinion. Well, I respect that but I don't think we need to believe it because what we know is that the market remains unpredictable and all the ups and downs are still inevitable. 

I believe Bitcoin is bullish again, because after the down correction reached $ 44k, now Bitcoin is back up to a price of $ 49k. This means that
Bitcoin has slowly returned to the right path, therefore I am optimistic that Bitcoin is still in a bullish trend. According to my prediction Bitcoin
should be able to recover this March and return to a price of $ 58k. If the Bitcoin price returns to $ 58k, it should continue to rise to the next
 target price.

Hi there doctor877, currently as of March 2, 2021 we are in FEAR....some fell dilutional while others feel joy willing to jump into the dip.

It seems like the current market trend is bullish at the moment although there were chances of bearish market when BTC dipped to $43k with tight fluctuation range but now I think the market is stabilizing it self and the market is bullish again.

Bull's exhausted right it seems.
Anyone looking to buy right now should consider doing it so.
I've been holding quite from a long-time already.
This 45k-ish stable level made me remember back in the days when Bitcoin stabilized a lot in 7k.

It's moving positively even it's down again from hitting $50K earlier but now it went back to $48k
but still in good shape, there's opportuties now for new investors.

We can't tell if this will continue if that correction are done and again the formation is trying to
recreate new barrier before jumping back again and try to reach another high.

Just like what I've said to similar posts like this bitcoin will not go down its market price down to 30k$, going down to that market price is very unlikely at this moment but actually a good opportunity to buy bitcoin.

The demand for bitcoin these days was too high, and unlike in the past years, there are so many people who wanted to invest in bitcoin and just waiting for a good opportunity to invest.

In my analysis, the support was around 42k$ if the market price goes down to that price it might continue to fall down to 35k$ but it never goes down to that price so I assume the market price is already gonna bounce back to 50k$.

Still bullish.

Since market optimism is in the clouds, when optimism reaches levels where it is believed that Bitcoin will reach more than 100K this year, that is the exactly moment where the whales will sell and Bitcoin will be fall below 30K.

Fear of what? Selling or Buying? For me on my own opinion bullish is already done since the price correction you can see that bitcoin price range is stable and some how being pump when i buy bitcoin its in $43k dollars and now you can see the price of bitcoin on your own if you having doubt on bitcoin then why you need to risk your money? When you always thinking anout the joy of income i know its normal but don't doubt the bitcoin itself.

If we observe Bitcoin as a Long term then it is very bullish. But, Bitcoin can takes a big dip before going for another flight. A big correction can make the Bitcoin more strong. I think comes back to 30000$ range. And then take a flight towards to 70000$. So, tight your seat belts for this Bitcoin flight,.

18,000 Bitcoin: Anonymous BTC whales stock up massively. Whale Alert and the Bitcoin Block Bot never got bored at the weekend. The transaction tickers went straight to the net with five big BTC transfers. What Whale Alert and the Bitcoin Block Bot record is a regular topic of conversation. After all, large transactions attract a lot of attention. Even in the latest case, the unknown senders and recipients leave room for speculation.
There were three transactions last Saturday. The largest among them is 7,073 Bitcoin, two other transactions where 2,130 and 2,641 BTC. Just one day later, last Sunday, February 28, there were two more transactions. A first transfer of 2,236 BTC was followed a few hours later by the next one with 3,845 BTC. A total of 18,000 Bitcoin changed hands.

After each bullish market follows a bear market, and vice versa, when this correction is over it will be time to rise and new record prices for Bitcoin. And when we have a bear market, it is good to invest (if we can afford it).

https://i.imgur.com/6Bud3SR.jpg

Bitcoin once again went into a correction, which this time was deeper. However, it is no longer falling, but is gradually rising again. Therefore, I see no signs of a bear market. Most likely, after some time, the cryptocurrency market will grow again. The situation for this continues to be optimistic.

Don't overly concern yourself with these things. So long as you are still making good profits and are in the green and not the red. If you expect to gain every single time then you are going to be disappointed. It is human nature but we can't win every time we just need to win most of the time. Slow and steady. Stick with crypto even when it does poorly.

Of course, everyone is concern about the price movement, how can you make good profits if suddenly we goes on a bearish trend? We don't want that to happen right now as crypto market is really growing with adoption left and right. Yes, we can't win every time, I understand, but it's better to mitigate our losses by studying the chart.

But for me, I would say that we are still in the bullish movement, this is just another setback that we have to face right now. Above $45k is still good for us.

I think we are in the loo(p) until the next big news that could be negative or positive.

It seems that without anything new, the Bitcoin price will swing in the $44k-$50k. I kind of like it without much volatility.

We are still in the BULLISH season.
For me, the $40k and above range still in a bullish market. We're not even to see it drop below $40k after it hits back to the rally and reaches $52k. or maybe, we able not to experience the huge correction anymore...
Trying to observe the market flow, it keeps stronger, and though we heard bad news but it never affects badly on the trend. The majority are still holding and trusting Bitcoin despite all the negatives and this how the price sustains for that long.

We are still into the bullish season as for now. The dips in terms of the price that we are seeing this past few days are just normal for we are slowly getting into correction because the price have been hyped ever since the entrance of this year so we are into a slowly taking down but that doesn't barely mean we are entering the bearish state. As of now, the market is still looking good on its price specially with Bitcoin. It is just that normal scenario to see ups and downs after a big hype but there is nothing to really worry about. Just keep calm and do not overthink of a normal scenario to be bearish already.

The price is 50k plus for awhile now. I think the bull run is still on. Though, atimes there is no momentum in the movements. But after the rain comes the sun. Bear is inevitable, but it might not that devastating because many institution have invested coupled with some money bags, so they will try to sustain the market.

We have been in the bull market for a very very long time and I wonder when it will stop. The price seems like it is stuck at levels between 55-60k dollars for now. I think it is at a critical level and it is open for any kind of surprises. We can even see an unexpected drastic drop in the price or even a new ATH soon.

And in reference to the post of the OP, it was about 42-44k when he asked this question.
And not even a month, btc managed to be above 55k level again.
So I would say, we are still in the bullish market.
And besides, if you compare the price even at 40k level from  previous years, what will you say?
Definitely, bullish. Even above 30k is bullish to me if you want to look at bitcoin's history.

Yes. It has a point because as we all know even we experienced correction last time, BTC manage to come back to the top or to its new ATH and I would definitely say that it is bullish, however we all know that the market is volatile and very unstable when it comes to value or the price. I think bitcoin will definitely experience bearish yet I think that it would likely to attain bullish identity. BTC might not be that so good right now but it doesn't improve only a night, right? I think soon enough it will be blast off to the moon again.

If you look at the steady movement of Bitcoin at the price of $ 58k and several times trying to pass the resistance price at $ 60k. I believe Bitcoin is
still in a bullish trend right now, it's just a matter of time waiting for the trigger for Bitcoin to cross the $ 60k price. So it's best now not to rush into
action, my advice is to monitor the price of Bitcoin for at least the next week. Hopefully there will be good news that can be a trigger for the rise in
the price of Bitcoin, I am sure that now if Elon Musk makes tweets related to Bitcoin. Could push the Bitcoin price past the $ 60k price tag.

Everytime Bitcoin got stuck into a strong resistance then it would really be testing out for how many times just like on what happened in 20k.It did take a while before the market had break it out
but  to say that there are various news of big adoption on that one which it did successfully break out that resistance and even go to high peak points.
Price is moving way too minimal for already 3 days as far as i remember.


We had able to reach out 60k but it didnt able to hold that long and after that it did really make out corrections but those are only on small percentage decreases and as mentioned
that the price is playing in between 56-60k which its actually hard to make out decisions but for scalping then this one is the most preferred recipe when dealing with movements.
Bear or bull it doesnt matter as long it moves even on minimal scale.For those who do love on swing trades then this time is the hardest part on making decision
where you dont know on when and where it would really be heading on.

We're in the bullish trend, because the thread is created when the price was around $45k. Today we're standing close to the range of $60k. This means the market is bullish and it is gaining resistance. At any instance the bullish move can go high. If the trend is believed to be bearish, now or few weeks back the market would've crashed falling low to $50k. Every top altcoins are also in good move, so we can be sure that market is bullish.

At this time i think we're still in bullish especially after the postpone tax in us+stimulus from biden, in the next few weeks we gonna see almost every big coins will rise.

i think this news is good for every trader who looking quick profit.

The price of bitcoin in the market is currently at 60k, the market chart is currently experiencing bullish, but after yesterday it reached around 62k, the market experienced a price reversal but it looks like the price will go up again, I also see some toolscoin price has increased quite stable for several months  this.  so I can say that right now the market has been bullish for a long time maybe for the next week the market chart will experience a price reversal and will go up again to reach a new ATH.

I guess we are still on the bullish part yet, which is pretty scary considering that this year's season is different than the other previous years so to everyone, be careful and don't be greedy because we don't exactly know when will the bull season stops and the bear season starts.

It's like investing in an asset where we don't have any idea, we're clueless on what will happen in the next few months that's why we need to be careful on spending money on crypto. If they really want to invest in cryptocurrency like bitcoin, they should study it and learn from the trading experts if it's still profitable because wrong moves can cause huge defeat since BTC right now still resisting. Currently on bullish trend, still close to the new all-time high, and still waiting for a correction.

I'm expecting BTC to go for 100k. Is it possible?

I do believe that the cryptocurrency market was still in bullish trend, those dips are only a price correction but the good thing about it was the price of bitcoin can easily make it up from price correction so still there is no sign of bearish market so far as per on my technical analysis of the market.


Maybe Elon Musk tweet has additional impact to bitcoin, but i solely believe that the bullish trend of bitcoin today was because of the continuing engagement of new investors and traders before the tweets of Elon Musk came into picture

This phase happens every cycle.

What is happening now is the following
- people leaving because they made enough
- weak hands pussying out
- traders making profits on the volatility
- newcomers getting in
- whales trying to kill short selling and leveraged longs. Basically getting inexperienced crypto traders by the balls.

This takes time, but the longer at this level the more people invested at this level and we can go up.

No FOMO yet so no bear market yet.

Will go up to >100k shortly  :)

It is clear if we are still in a bullish trend, even we seem specifically starting for the altcoin season. Most crypto coins continue to grow and the statistics of their price improvements showing good progress lately. Even if there should be some corrections, but the prices of crypto coins always increase again after several days later. It includes the price of Bitcoin, the price zone is around $55K-$62K lately, this is still a high price of Bitcoin this year.

It could go either way, we never know I always treat the market highly volatile and anything can happen and always expect the unexpected to happen, part of being a good investor is to not take away the risk, even if the market is on a bullish trend, there's always manipulation, shill and FOMO.

This what I consider with the market situation...

$20k and below - bearish season
$20k and above- bullish season

And for that specific price range, I could say that we are still in the Bullish season. The market shows impressive market growth, a long and sustaining market demand had put the price still at high. Of course, dumps can be soon to happen and yet, still unpredictable.

And part of us is to prepare for the incoming. We know that volatility still exists, dumps and dumps can't be stopped. And people who are easily getting into FOMO will likely have to suffer losses.

Dumps give as the way to invest more, I know many of us are waiting for that moment but somehow, the rally stood still and keeping the price still high. It is either we are in the bullish season ( which is obviously we are) or bearish season, the most important is that we are enjoying the market flow.

Bullish all my life, or at least until bitcoin reaches the infamous $100,000! We haven't got there yet and we will get there, I don't know if this year or the next one. Some up and downs along the way will be inevitable but the road is marked out.

Weekly BTCUSD chart indicate a very strong bullish market apparently with price recently formed higher high swing although there are some minor dips or minor corrections wlhie RSI indicator is showing overbought in all the higher time frames that does not necessary mean a bearish run is imminent, the price is the king indicator are just guides.
Personally I believe the price is heading to $70K before hitting $100K before the end of the year. keep accumulating for the better days ahead.

Basing off with technical then we are really still on a bullish market but we dont know on how long it would last but why would worry? Market can turn upside down anytime.

this is why its much better off to secure your position or profits while you still can unless if you are a hodler then you shouldnt really care at all.For moving prices then it all varies

with the demand.You cant tell on who's getting in and who's getting out in the market at the moment but those would really be composed of on what @Wilhelm said above which is
actually on point.

I still consider that bullish season is far from over, I've been seeing a lot of articles which I also believe that it will continue until 2022. However, being cautious of the correction which can hit anytime soon won't hurt.

I reckon.

We're not yet seeing the bullish season to be ended. The market is still bullish and bearish moment haven't seen any sign.

It is what the assumption of many predictions too that bullish run will be ending by 2022. But that's just a prediction and the possible high for this year would be $100k.

I guess 2022 is too long, that doesn't fit according to the trend of the market, I guess we will see it end this first half of the year and we will see a bearish run until the end of the year, price isn't healthy this way, the more the price rises, the more FOMO will happen and panic will be heavier this time.

I see serious arguments both for the continuation of the bull market and for the beginning of the bear market. And it is natural that no one now can know exactly what the situation is in reality (if there was such a person, he would quickly make millions with this skill). Therefore, you need to act depending on your personal situation - do not be greedy and fix some of the profits if there is any, diversify investments and not risk amounts that would be critical for you. These tips are universal and apply to any bullish or bearish market.

Not that long.

We're already near to it by 3 more quarters. The first quarter of the year is about to end within a week. It isn't just only increasing, as you can see, we've been into several dips.

And that's a good consideration why many are thinking that this bull run can last up to 2022. But who knows right? it is all a speculation.

Think we're seeing just the first inning of a multi-year bull run super cycle. Market is more mature, things don't get super excited too quickly and result in a blow off top and crash. We're 5 months in to a major bull run and instead of seeing nonstop booms and busts as we head toward a crazy peak and crash, we're seeing....stability!

Still yet to see if this is just short term steadiness or not, but normally after a correction when Bitcoin comes back up and breaks through the previous ATH it shoots off on another short boom. But instead we see it stabilizing in the mid-to-high $50,000s after briefly hitting a new ATH over $60k. To me this suggests the market is super healthy rather than starting to get bubbly.

Participants aren't FOMOing in but they aren't panic selling either. Price is just stabilizing a bit. One path this could take is we could see bull run cool off and price stay in the $40,000s and $50,000s for a spell - already spent the past 6 weeks in that range now. I think perhaps we saw the initial foray of institutions into Bitcoin, those that are the most forward thinking, and things are calming down again now, as these new market participants driving the price are used to 10% gains a year and get wary about the kind of moves bitcoin does. So I definitely think we could see a multi-year step-cycle bull run pattern where a new wave of institutions comes in and then get scared cuz they price went up by tens of thousands so market cools off and stabilizes at the higher price and then once these institutions get used to seeing the new higher price for a while the next wave comes in.

Just a theory. But if it's the case then maybe we won't see the next series of pushes to $100k range until late Spring/Summer, but then rather than a crash we'll see the market get used to a price around $100k for a bit and then push a bit further around end of the year. And this means we won't have a bull run peak this year. Rather this year would just be the first year of a gradual progression from $10k to something like $500k or $1 million in the next 5 to 10 years.

Then again maybe the market is just taking a brief break, gathering tinder for the next 50% gain next month. Time will tell. Either way, definitely BULLISH.

We are still in bullish season, that's why you can see lots of coins easily to pump and many institutions join in cryptocurrency. Even in the bullish season, we will see the price drop but don't worry about that because the price easily to recover. This moment is buy and hold, remember that so buy as much as you can before you miss it

As the market looks, I think it is still bullish, also we cannot rule out that Microestrategy and Elon Musk are still buying Bitcoin, obviously there are many institutional investment, in fact some are already considering moving their money from Gold to Bitcoin, today the president of The FED did not hesitate to say that Bitcoi could replace Gold despite its high volatility and with its great speculation power, but it does not trust that it is a Safe Haven, because in the face of Fiduciary money it may be the best alternative, and if They say this is because they have most likely seen the huge bubble that exists in FIAT money.

For these reasons I believe that the market will continue to rise, unless it goes above $ 60k it will be new levels that will test the offer.

I hope it is true but cannot trust those articles all the way. Even if there is still no sign of bearish, who knows in the next few weeks, we saw the bearish signs. Remember if the crypto market isn't something really predictable. As its volatility, everything can happen in the crypto market in the near future. So, always prepare for a bearish anytime.