Bitcoin Forum

We are slowing going into bear market and many still don't realize this because of those 10% gains which makes the market looks bullish again but looking at the big picture it's clear that bear are slowly taking over, am I wrong?

Well, we do not know if you are wrong or not. Nobody knows what is going to happen because if we did we would be acting accordingly. I always say this when people talk about the future price potential "if you KNOW what can happen, sell everything you have including your clothes, have ZERO possession and sell them all and long/short bitcoin with 100x leverage and you can be richer than you ever dreamed of and will never have to work again", why do people do not do that? Because nobody really knows what bitcoin will do.

Maybe you are right, maybe price will go down even more, maybe we will not recover, or maybe we will not do that bad, maybe we will go back up to over 40k and stay there, I really do not know what will happen because I just do not have any idea at all on what is going to happen. Act as if you know, get ready as if you have no idea.

The bear market has begun since the price of bitcoin dropped from $64k, that moment mark the beginning of the bear market. There may be some little gains but the bull run has ended.

I still read some analysis that BTC hasn't peaked yet and it could happen in 2022. Most people predicted that the bullrun would end by the end of 2021 but it looks like BTC pumped prematurely which is why we're seeing this consolidation period. Let's wait how the chars play out by third quarter.

I think from the start bitcoin bearish has started since then and the bull run I think has ended since then. but if you look at some of the controversies about the news that are currently rife, it is possible that btc will rise again, I think. now the most possible is to wait whether the third cural will be as expected or not :)

^ If you are looking at the big picture of the market price in just 24 hours or just a week on the chart, most likely that was you have been figure out the possible bear market. It could be not yet a bull market but sooner or later it will always have a chance that BTC will create again a new ATH. Invest in BTC and hold in a long period of time just like holding after 4 years when another history of halving will come for sure BTC price will rise again. Nevertheless, it is still unpredictable and no one could tell what will happen next, if you believe and trust BTC, then invest it but if you don't understand, just stay away or have further research.

Just as you have your fair share, there are parts that are unfair. It is difficult to predict when a bear or bull market will begin and end. But even at the bottom of the bear market, there were times when I made serious profits before the bull run started. Especially in this period, the ido process still continues at its old pace and these projects leave serious profits. In my opinion, the bear market has not really started. There are those who say the opposite. But lastly, there are very fast movements in these times and it is possible to turn these movements into opportunities and earn good money.

Only the greedy ones still think bitcoin would go back to $60k by the end of this month because bitcoin was recognised as legal tender but I bet not.
Some expert do say we need a lot of time to conclude if we the bear market has already began but the problem right now is, many who bought at all time high are stuck with their bag and all hoping to see their entry price so they can exit that's why it's becoming more and more difficult to go higher.
Altcoins are bleeding every week

Cryptocurrencies have had a good run before all of this, and we all know that at some point the money has to flow towards something else. This is reasonable considering that for the last year, cryptocurrencies are doing extremely well despite other assets being dumpstered into oblivion. We might just be a little too in-denial of the current state of things, believing that we have encountered yet another setback but not entered a bear market.

Personally, I believe that this will continue on for months if not for a whole year. There will be some bounces here and there, though the momentum wouldn't be the same just like what we had just a year ago.

The bears seem to be taking over now, but 100% of the bears haven't arrived yet,
there's no sign of the cycle changing yet, so far it's still bullish in my view,
but I don't know if the cycle changes in the next few days, so don't be too pushy, enjoy it your trading results

We don't know the future. And whether we have made some prediction to several months later based on indicators or technical analysis, it may be wrong because there are big powers behind the crypto market that can really give a certain impact on the price.
So far, we don't know how the market chart will be ongoing some hours later. The price is really volatile. And we are still expecting to meet the bullish season again.

You're entitled to that opinion and I've seen many people speculating that we're already in the bear market. No one is wrong with you guys and also with the people that say that we're still bullish. With enough gains that we've got for the past month and when it has reached the peak, we're clearly seeing the good stance of the market within less than a year.

Yes, we don't have the clearest idea about what could happen in even the near future. We just try to observe the movements of the prices well and act according to it. I think it seems like still we haven't left the bull market behind.

With so many countries and banks considering Bitcoin, it only looks very bullish in some ways. Many of the big investors want the price to dip so there are fud circulating. If the market goes to bear I guess the big investors could easily get more BTC with discounts.  The hodlers are not blind to see that the market is going to go up soon that's why there is no breaking of the support lines.

You may wrong about this. if you are seeing the overall marrket look like bearish but FA is having a very strong impact to the crypto trend. The bearish trend that happened with the bitcoin can be reversed instantly with the legal tender news from the salvador and indian news to consider crypto as assets.
that means if the bearish can become the bullish anytime and otherwise bullish can turn into the bearish anytime as long as there would be a news that can affect the market.

Maybe indicator for some people is different each other. If me i think still too early to confirm if it is bear market. But honestly i am not a guy who tell people "hey i think it is bear market" because i not want people to blame me. Usually i save my analysis for myself.

What kind of a big picture you're looking at?
some people said we're bullish, some said we're bearish, there's too many different opinion influencing the market, some even said that if the correction is above 50% that means it's accumulating for the next pump but no one knows of course.
If bearish could be predicted that easily same with bullish, everyone would be a bill gate, sometime the market stray away from technical analysis pattern, people seeing the market and speculate it as bullish doesn't mean they are too blind to see.

I think everyone has realized that too . from 60 to 30+ and and not stable at this price and many daily moments the price starts to fall without any bad news this is indeed testing buy support at 30k. precisely moments like this is the right time for short trading or buy more
.

Maybe we're in bearish, or maybe we're just in a really big correction that could recover back to ATH, but one thing for sure though, if we're in bearish and the price of bitcoin stays above $30K
that means in the future when bullish come we gonna reach $100K for sure, the dumping also doesn't seem to bad as in 2018 either, if we're really in bear market, It will go back down below $20K
after all our market filled with many other things not just cryptocurrencies but also decentralized apps that's trending. our market gonna live for long.

After seeing what happened to the market from January-June, I think we can be in this situation until the end of this year. Since the last month, the price is not moving too high or low and tends to make a horizontal line, and if that happens for this month, bitcoin can be at a sideways that make us prepare for the next thing that can happen later.

At this moment, it is better to make more usdt so when the price suddenly, you can buy it.

We can't tell mate.. Since market become so very unpredictable after the huges dump and on this current situation there's still some weak hands in the market that cause another fluctuation, for me as long as there's still making negative information about the situation it will be very unpredictable if it's already bullish or still bearish.. Unless market growth rate increase rapidly because surely its definitely a bullish..

Maybe it depends on the perspective I personally see the market in macro as still in bullish but in the micro of course we can see that it is bearish market which of course many of us are aware but nothing is for sure anything can happen in this volatile market.

nothing is wrong because of the fact that when the price increases, many people are looking for it, and hope that everything will change again.

For the obvious that Bitcoin is still trading in the positive a lot of people will continue to think that the bull market is still on. Bitcoin is the leader and compass for cryptocurrency. However, whether we are in the bear market or bull market people will continue to make profit and losses. It only depends on who is trading and what tokens they are putting their cash into. Profit and loss is necessary in business. It is not as if people are blind to what the market is doing.

I also started thinking like we are entering the bear market. The current movements could be the footsteps of it. Because if we were still in a bull market, the price wouldn't get stuck at these levels for this long I think.

No one can really say if we are moving to bear market or still in bullish market. If you are long term holder just keep holding since this market swing will not affect you in any way.., But as a day trader 10% gain followed by a 10% downtrend is a good buy opportunity for small profit if the the trade is done right.

It is clear that we're also gaining..... opportunities to buy more coins because now is the June's special to buy more coins. Dunno what coins you're looking to get your "gains", but take the opportunity from the "bigger picture" that you're seeing. :)
For me, I just hodl. Just like the good ol' times.

As far as my own personal analysis is concerned with respect to TA the market is still in bearish mode all the little bullish runs experienced on 1 hour and lower time frame are all bullish trap until the price is above 200 SMA or EMA indicator on 4 hour and above time frame before we can be assure of bullish taking over the market, it is buying at dip period now thus buy at every dip and wait till the market sentiment change of course the pesent bearish sentiment of the market will end some day.

Perhaps this is the case, and therefore I have already sold most of the cryptocurrencies and do not panic if a long correction of the cryptocurrency market will begin, well, perhaps this year there will still be a growth of the cryptocurrency market, so for now we can only guess and hope that this is a short term correction and therefore it is necessary constantly monitor the cryptocurrency market because at any moment the market can fall or rise very fast, so we need to be careful at all times.

Question for you if a bear market took over would you feel scared and leave this market?
we are free to speculate what will happen in the future, at least prepare for the worst case scenario to be able to come back at the right time.

Maybe it is, but who knows. What evidence bring you to this conclusion? So, how solid is this evidence? think a little more and never be sure of anything in crypto. If you believe there will be a decrease, sell %40-%70 of the assets in your portfolio, and to insure yourself hold rest. Maybe it will not be as you say and the market will start to increase again, then you will see benefit of the rest.

I still don't believe that everything is coming to an end it seems to me that there will still be growth, however, the chance to go to the bottom is not much lower.
I know for sure if the polkadot will be 15 bucks i will buy it for all my  money.

I hope not, but the market does not seem to look like what you think.
I saw the market still far from entering into the bear season. I'm not blind not see the situation and it was clear to see that we are still in bullish season.
I ask you to take some time to analyze the market and you will realize that you are wrong. $30k is still bullish for me.

I don't think investors are 'blind' to the current market situation, the thing is just that different investors do not analyse the market from the same point, whilst you may think that the bull run has come to an abrupt end, some other investor somewhere could think the exact opposite, believing this is just a mere correction time and that the price will start to appreciate again, sooner rather than later.

Having said that, every decision (to hold or to sell) taken on your coins must be as a result of research, I know quite a lot of people like to incite fear so others can sell and the price drops, thus creating an avenue for the manipulators to make money, thus users who believe the bull run is up should sell their stash without causing FUD.

you are right, but this is an opportunity for us to invest more in cryptocurrency that we have, because we can buy it at a low price right now, so don't let you miss this opportunity to get a lot of profit when the market starts to bull run again or you will definitely regret it, because I believe market will recover again in the near future.

There's a lot more to come in Q4 this year. this is still the beginning of the price is experiencing a decline. you should be aware of the new prices that will appear at the end of the year. Keep an eye on the latest moves of all the striking charts.

Well, it is actually hard to determine if it is really the bear market already before but now we can be certain that we are in a bear market. The market showed lots of signs that told us that we are about to enter bearish market yet some were too stubborn or to blind to see that's why right now they are struggling with their investment. On the other hand, even though the bear market is official, it does not mean that we should stop already neither sell our holdings. We just need to strategize and start taking advantage of the moment while there is still a chance. Buy during the dip and we will surely benefit once bull market arrives once again.

Many were waiting for the price to drop, wanting to take the opportunity of buying a coin at a cheaper price. But guess what, we might wait for it for a longer time as the market still on the high level. Maybe I neglected to check the market trend every day so maybe I miss something but as I saw, we haven't such a bear trend. I saw some declines but it goes back high shortly and it was an indication that all of these dumps are just a market correction, nothing it correlates to the bear season.

As far as I can see,  bearish sentiment persist in Cryptocurrency so far!  It has been happening since end of April and this should not be a news.  When will there be a reversal?  may be very soon as market has not fully get to it's price potential!  Bitcoin could still be $100k and ether could be $10k this year!

If people are looking for it when the price goes up, it's actually a bit wrong, because most of the people who make a profit are people who are looking for it when the price hasn't gone up.

that's the fault. except those who want to do day trading. some of the traders deliberately look for assets that are in an uptrend for them to trade but they do it quickly. and it all takes skill. for beginners, I think it is not recommended to do so. it's better to look for long-term investments by buying assets that are cheap and safer.

you're not wrong, you could be right, because indeed a lot of people are still thinking about $100k this year,
so the whales may have other plans, or indeed the bears have taken over,
there's nothing we can do to change that, all we can do is make a good strategy for our trade

So you are still thinking that the market is bullish! But I don't believe the market in a bullish trend if it can not cross and stay above the 43k level. That is the psychological resistance level that must be broken to get control over the bull. I think there should be another correction to the 25k level before another bull cycle starts. Let's see how we end this year.

bear doesnt stop them from believing that btc price could rise to $100k .
 i do believe on it too but i am not blind to not see the situation of other coins . many of them are heavily down and the 10% gain will mean nothing .

Going bearish is best for investors and whales also as they want to accumulate more at this time.Investing at dips is the only strategy that works 100% in bitcoin and you can gain in the long term that's for sure.Even if we see any further corrections than it will not be problematic situation but panic selling is the main problem for market.Before we hit bullish trend and support is provided for further rise have patience and stay calm.This will work for you.

About your prediction, right or wrong, it goes back to someone's point of view in analyzing. and it can't be wrong if you believe and do research, and what you say we can't say is completely true, because price movements will affect speculation and we also have different points of view based on each study.

it is difficult to make one indicator with another so as to produce agreement. On the other hand, it can act as a pair of bears or vice versa. the market moves naturally and manipulates. This causes uncertainty in determining conclusions.

A bearish market is not good to investors in general since it may last longer like months or years. A correction is more appropriate for accumulation phase since there's a hope for a trend reversal for a short period of time.

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The current market is still on indecision stage since the price is just bouncing back and forth on weekly price low and high. Its too early to determine the trend unless known support/resistance was already breach.

If you do trading 10% is good gains and traders has their own strategy despite of bull or bear market. Anyway, I think no body knows what is the exact future of cryptocurrency, all we have is prediction. I also don't kow if you are right or wrong. For me as long as I can earn, I will just ride the market situation no matter what.

Of course, with a fairly high price on bitcoin, it's possible for people with large funds to make purchases even though prices are going down, but those who don't have capital may only be able to look at potential altcoins, which are all down. That's right, buying when it's currently down is very important, we know the correction due to bad news has made prices unstoppable plus panic is carried out without analysis.
but all can be sure someday will come back again to increase and will earn income from the difference purchased.

but very confident that the bulls will still be there and waiting for the right time for the bad news to subside with the good news starting to develop. hopefully the good news will beat the bad news so the price can bounce back like the goal from the beginning which will happen at the end of the year fantastic prices for all coins.

If that is what you are seeing in the market then you need to act accordingly, personally this is not what I see, what I am seeing is that this is a slowdown of the market and that it will reignite itself at the end of the year, this is similar to what we saw in 2017, also another reason of why I think we have not reached the top is that the behavior that we saw this time around is completely different that what we have seen in the past as the price remained close to the top for weeks which is a strange behavior in this market.

You are wrong. There's more indicators saying it's not yet bear market, then there are one saying we're going in it.
IMO, we'll see few more weeks of sideways action, then one big push upwards, and then we go into bear mode. Approx by the end of the year

You weren't wrong to see the current situation of cryptocurrency even though you are a newbie. Yes, bear market time is going to end soon, but there could be more months needed. 29k USD is a very huge dip since the last pump was 64k USD. Even the total market capitalization is also doing the same. Actually none of us are too blind to see, we need some satisfactory news from others. We already have got the results of the 2 year bear market. We will see a good pump after this correction.

That's just your speculation that we're in bearish market, even we are already far above 2018's bitcoin price but people already saying that we are in bearish market
people already realize the 10% gain is just part of a bigger picture that's why in every corner people making analyzation toward bitcoin price chart. It's not like people
are too fixated in a price gain anyway, it's already a normal practice for people who analyze to see the price movement at a bigger time frame, they are not blind and maybe they
are the one who understanding and bitcoin market usually rather unpredictable.

You are wrong, I don't think we are in bearish market. This is only correction. We will see soon bullish market again. There is still no any indicator which day now bearish market has started. So you shouldn't say that market is bearish.

The speculation you see is depending on the way you see the market. Even the most followed people have their different say about the market, Some say it's going to be bearish and some tell it's just a correction and their speculations have some basis which is their found patterns, Historical data, and other needed data to back their speculation. I myself is really confused about where will the market will land. The only thing we can do today is to earn and earn more profit to get ready for what the market awaits us.

Just because the current market condition continues to decline does not mean that a long bear will soon come, but currently the market is in a sideways condition and is still waiting for the next sharp decline or increase and is determined by market technicals and fundamentals such as fomo and fud from various fields.

The current market situation will always go as we get announcements or crypto news. Long bear time passed 6 months ago, we can be sure that it will not come again yet. Another dump chances are very high in a month because the last time recovered. Like BTC dropped to 4k for a week last year. There could be a little problem if the market doesn't move in a month.

The truth is, many atimes, predicting this market is tough. I could remember when Bitcoin was $20k and what most people said and before you know it, it reached a new ATH, many were still asking if we are in bull run and Bitcoin took everyone by surprise and now we are in bear market and many might still not believe; they could be right as well as wrong, moreover the crypto space is unpredictable.
However, looking at the news so far, both from adoption, legalization and so on about Bitcoin, you can begin to wonder if actually we are in full bear season because all these news could set Bitcoin on another bull run. The only thing one should do is to be careful of the market, know what to hold and what to trade just in case things turns around for good, so that you won't miss out on the good coins.

Well the overall trend of the last 6 weeks or so was pretty bearish overall. So a 5% increase in price during a day does of course not mean that we are officially in a bull market now again. The thing is though that most bull or bear markets don't really come with a big introduction, they just suddenly happen. Therefore, at least in my opinion, you can not say now that we are going into a long bear market just because the last 6 weeks were bearish but you also can't say, that the bear is over and we are going into a bull market again. As longs as you are a normal user without inside information you can just guess and follow your feeling.

Following the 4 year cycle of Bitcoin, the peak must happen this year and not 2022, Bitcoin market could have entered the bear season at that time so it is highly possible that BTC won't get its new ATH in that year, 2022.  Anyway, the Bitcoin market is unpredictable, setting aside the 4-year cycle pattern, Bitcoin can crash or peak anytime but I still believe that the market isn't entering the bear season yet, I think it will record another ATH before going to that bear direction.

Yes, hopefully that can be achieved in the near future, because if Bitcoin can penetrate $100K for one unit and Ethereum can be at $10K in one unit, I'm sure there will be many people who are profitable and some will always praise Bitcoin and Ethereum for that time.

Bitcoin and ethereum will surely go hand in hand so if bitcoin reaches new ATH, the other coin has all its possibility to reach new ATH too. I think most of the coins will do the same once bitcoin is in a peak.

The present market condition is definitely in a bearish season but even if we see prices in dips, there's no need to worry because if we closely think of it, bearish season will always be a perfect time to add potential coins in our portfolio. People may worry when they see their investments falling this time but didn't realize that after this, huge profits are waiting if we just grab this chance to accumulate more cheap bitcoin and hold them for years.

IMO If its slow and keep recover, it wasnt a bear then right? I just think this phase happens because of many fuds come to us while the bull not end yet, so enjoy another accumulating phase.

I guess that is true the bull is not yet over and we still have to enjoy more surprising price increase for this month. Thus, one reason that makes the market gain a lot of speculation that pushes the crypto world  more interesting is the adoption of bitcoin in el salvador as a legal tender.

well, we are indeed in a bear market, if we see a fairly high ATH. however, currently the bitcoin price is still stable in the range of $35k to $39k, and we still don't know if the price will drop further, or rise again. Personally, I'm aware that the bitcoin price is still in a bear market, and I hope the price will soon exceed the $40k range.

Too soon to tell. I read news in Facebook that some even speculate that it could still go around by 200k-ish when the bull run starts again.
Bull's exhausted right now so give it a break for now and take the opportunity to buy more Bitcoin. Moreee Bitcoin.