Bitcoin Forum

After failing to stay above 44k - 45k, it's hard not to feel bearish...  And sure, that could be the sentiment right now but the question is are we really technically entering a bear market?  Just curious what you guys think.  I won't join the poll but I think if BTC breaks down below 28k - 30k that's when it starts being a full blown bear market.  You guys could have a different take.  Would like to know them.

https://i.imgur.com/0NijaQq.jpg

While half of my brain is screaming "OMG it's starting, not agaaiiinnn...", the other half is "calm down, you know that most of those $10bn for buying bitcoin are still unspent, you know that when the price will go down some institutional buyers will probably jump in to buy moar". So I don't know... is it indeed bearish? I can understand that fear is gaining. But 2 weeks ago some were preaching that we are bullish... we are switching too often, too fast between greed and fear. I'd still consider it undecided for now.

If you need bitcoin to fall from 48k to 40k to start feeling bearish just acknowledge that it might already be too late. The moment to feel bearish was at the top when the price was struggling to stay in the 45-50k range. If you did not feel the pressure then and missed the 45-40k sell off, where most of the traders got rid of their short-term orders, don't panic now, you just missed the squeeze, which is fine, there will be another one.

For me a price going back into the low, stable range of 35-40k is a moment to start feeling bullish.

Smart people sell into strength and buy into weakness. You can see it happen by watching this address (https://btc.com/btc/address/1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ). This person always sells pumps and buys dumps.

From 42,000$ to 39,000$ in one day... These are the most recent fluctuations on bitcoin market. April started really good, but almost reaching at the middle of the month, I see bitcoin has lost breath to keep the tendency. There isn't enough demand yet for a new bull run. Bitcoin is walking in circles since the beginning of this year without any major advancements. I see the market sentiment is leading to more stagnation yet.
Not the war or the end of the pandemic were enough to push bitcoin to the 50,000$ price range, although many investors are still expecting it to happen this year. Maybe the second semester of 2022 can finally bring the wind of change to crypto market! Well, there's no harm in dreaming...

The chart you're displaying shows well that the bullish trend channel which began in January is still not broken.

Currently the bottom of the main trendline is between 39,5K and 40K; if we take into account the dips into the lower 30Ks, then the bottom is currently at about 36,5-37K USD.

My theory for this "bearish move" is that the bottom of this channel wasn't tested for a long time and the resistance mentioned in this Wall observer post (https://bitcointalk.org/index.php?topic=178336.msg59823214#msg59823214) at about 43.3K wasn't broken thoroughly, so a selloff of short-term orders and a downward move was to expect.

My sentiment is currently "sideways"; there's a good probability we can continue in this bullish channel but it's not going to be straightforward. So I've voted for "no", if we're in a bear cycle it didn't start "right now" (I agree here with @coolcoinz).

I answered "No" because it entered a bear market a long time ago and will never exit.

If you check the current market situation then you will see there is not any negative news about the market but still dumping. There was a heavy resistance at 40k level and that broke like nothing. It's a bad scenario for the market and indicates a bearish trend.

There was some spike because of Terra lunas BTC buying which didn't last long. But 28k or 30k mark loss is pretty impossible to break in my opinion. Rather we could be the market goes back to 33k to 35k range once more and move sideways for some time before it goes up again. This is just a prediction and could change in any circumstances.

I voted "No".

We're still in a healthy market, the reason that I didn't watch the market by month(s), it should be by year.  Because if you compare this year compared the last year 2018 when there's a bear market is totally different and for sure it will never come back or let's say repeat itself.  I always think bullish trends will near come, the graph that you've shown is just a normal correction that could be triggered to become bullish again.  Bitcoin is already in the mainstream and many individual people, and public and private institutions already accepted it, I dont think there will be a bear market.

Yes it’s not looking too bullish anymore. That $44K area was important because it was the pivot bitcoin needed to break after it made its failed low on the daily chart. However it looked like a head flake.

This is bad considering that Luna bought over a billion and Saylor bought more but price still is going down. It means that the markets are very nervous right now.

Tomorrow is going to be another high CPI print. So seems like it was good for Bitcoin in the past but now it’s bearish because rates might go up faster. So who knows where it’ll go in the mid terms.

I voted no idea. I speculate Do Kwon might be still cause another pump, sorry pooyah87 I do not know what word to use. However, yes, $10 billion within 3 months is still very much a large amount of money to invest in bitcoin. It certainly is the largest amount publicly declared to buy bitcoin. I reckon bitcoin might presently be lower if not for Do Kwon's market buy since March.

Even though it is still considered to have not come out of the bear market, there are already good signs of bitcoin price developments.
Even though the current bitcoin price is still below $45k, however, market sentiment is still happening.

I said no but at the same time we have no idea :D. I mean that is the trick with these questions, my "guess" is that it won't, but at the same time "bear" is dropping in price to some people and staying at these levels for others. If it means staying around here, then I agree, it could stay around these prices but if it means dropping some more, I do not think that it will go down enough to consider it a bear market.

We also have to consider that none of us "know" what will happen, we try to guess it but we do not know it. My guess is that it will not go down, but can I 100% guarantee that it will not go down? Of course not, it is just a prediction coming from a gut feeling, that's all.

Since we came into some sort of fear zone, I see you are pretty much back to life.
And your answer... made me smile again. At least it's a bit different than the old "science out of the belly" thing.



You really should not take serious the oldest price troll we have on the forum...

I voted Yes, sorry guys.

I think the market could be in the bearish trend since January, except for some pump from some entity specially coming from Luna. But it is not enough to push the market to even surpassed $50k. But in order to get up and see a good price increase to even topple $50k, we might need to see another lows being hit this year.

Well it looks like a correction, and for me although it didn't respect the current demand zone, probably it's not a big reason that we will enter in bear market again, because as you can see the structure still higher highs and there's a strong resistance below as well to test which is around 36k.  So we cannot really tell at this moment.
IMO let's wait for more results because surely there will be a changes soon. Infact there's a lot of good news about bitcoin these days, so i have doubts this is just a correction.

We have the same thoughts about it entering those prices. Honestly, for me, I've got a higher price to think that it will have a hard time recovering.
So if bitcoin enters $36k and doesn't go back to $37k - $40k quickly then that's the sign that I'm waiting for. I haven't voted yet and I'm still optimistic that it hasn't entered yet the bear market or did we already enter it right? a year ago.

This decline does not surprise me at all, because if we look at the chart from the beginning of this year, we can clearly see that the same thing has happened several times. There’s no reason the same shouldn’t happen this time too, and then let’s be positive and say that the next pump will manage to break the $50 000 mark.

It seems to me that whales are manipulating us to the extreme because they take advantage of the fact that retail investors are less and less inclined to invest in Bitcoin due to inflation and war. What is a problem for some is more than a good opportunity for others.

I prefer to say it was correction, deep correction after reaching the high peak.
Some people call this a bear market because the price is down by half from the top price, while the others panic to save their money.
Hopefully, the last $38k will be the last lowest price for bitcoin and will not touch it again in the future but we can only hope without knowing if that can be like that or it will be like that.

I answered "No" too because it entered a bull market super cycle a long time ago and will never exit as long as it's Bitcoin is on its path to price discovery.

You don't believe me? Always zoom out, if in doubt, https://bitcoin.zorinaq.com/price/ 8)

Plus does anyone remember what 2019 felt like? 2022, 2023 will feel the same when Bitcoin has surged to six digits during 2024, 2025. It will be a memory of missed opportunities.

Like others here, I also voted for NO.
I think we are somewhat in a super cycle and its the first time I see it TBH. I thought that the 2017-2018 thing will happen again last year and this year but it seems like it didn't happen which is a good thing for some.

Overall, all of us are predicting only and no one knows what can happen but its just good to see what are the sentiments of other users here :). Most here are bullish but I hope we are all ready if we will enter a multi-month bear market in the future :).

Which means the run from 20k to 70k was a bearish move. If that's how it is, I guess the recent correction to 40k was bullish and we have nothing to worry about  ::)
We can expect another "bearish" move that will confirm your "never ending bear market" somewhere around the next halving. I'll wait for the "bottom" of 2024 to sell some of my coins.


That's right. It's going to stay between around 35k and 50k until it breaks out and it will most likely be a breakout caused by big news like a spot ETF (upside breakout) or a stock market crash (downside breakout). Anyway, if we break it to the downside I don't expect anything big. Probably 28k is going to be the lowest that we touch and it's going to be the last leg down, a final capitulation.

I think the market is simply in a ranging state and it is playing with our minds, after all the range is kind of wide so when the price goes up it seems as if we are headed towards a bull market and when it goes down it seems we are headed towards a bear market, however as you say when the price of bitcoin hits a certain level whales and institutional investors will simply load even more bitcoin to their wallets, showing that the current price is close to the absolute bottom we can hit at the moment.

Bearish trend is when price keeps going down which means if you vote yes you should be expecting $35k, $30k and $20k subsequently and since all of them are impossible under normal circumstances and also because we have no indication of any further falls coming (since $40k is strong support) you can't be felling bearish.

Besides, if you look at the past 6 months there is nothing bearish about the market. We had a quick drop and in about 2 months we reached the $40k range and stayed there ever since. Price hasn't been going down in the past 4 months, it has been fluctuating (both up and down).

In any case, this recent drop IMO was a panic sell due to the stock market in US tanking due to financial crisis that is coming. And there have been a lot of idiots who are brainwashed into believing over the past 3-4 years that bitcoin market must be correlated to that market in particular so whenever it tanks they panic sell right away.

It's on the middle ground right now, investors reluctant again to buy and speculators decided to sell. Nevertheless, this could only be short term, or at least the downtrend could be only in this month (although April is historically a bad month).

So expect the unexpected, if we go down between $35,000-$30,000 then take it as a good buying entry and could be the bottom for this quarter.

The short-term negative bias affecting market sentiment is a conceivable correction, but I don't think a retracement back to $34k is imminent.  The biggest driver is not war but bitcoin as the best hedge against inflation, we can expect it to be the key to breaking this negative regulatory trend.  If bitcoin can hold around 40k through the end of this week, I think it's a hit before we head to $49k at the end of April. 37-40k is holding very strong support even with it is a bear
I think this price level is unlikely, unless it is a retracement where the accumulation trend is isolated and dumping!

I think that you're remembering something wrong. March is supposed to be the historically bad month and April is good/mixed.
Even more, I could say that in most of the cases, after a bad March, April was good.
I've even looked up a chart for you:

^Thanks NeuroticFish for the shared chart. I was about to vote bearish but when I saw that my hopes went up.
As long as it stays above 35k I think we are in a good position. It gives chance to new investors and at the same time testing the market on how far below it could get.
So maybe, we just need to wait for the 3rd and 4th week of this month and we will see green lights again.

BTC shot up past 40k real quick as soon as everybody saw the NYSE opened 'not red'.  :D  So yeah...  It looks like we're going to have a good US session today and right before the long weekend.  The NYSE will be trading a day shorter this week as it will be closed for Good Friday.

But we're not out of the woods yet and I don't trust the price action.  BTC seems to be following US stocks a little bit more than usual lately.  Keep an eye out.

Currently, the FED more aggressive attitude in determining monetary policy in restraining the high inflation that has occurred has had a lot of impact on us as bitcoin lovers, but one of the news that I read in the local media stated that the current decline in bitcoin prices was also the impact of Axie Infinity NFT hacking. which happened a few days ago, so I think, the amount of negative sentiment that is currently there will certainly be very difficult for bitcoin to get a price increase in the market again.
Compared to last year, I'm actually worried about the current decline in bitcoin prices because it has the potential to return to bearish in the long term if bitcoin continues to test price support levels at $40K.

I answered NO.
I won't consider Bitcoin to be in a bearish state If it didn't drop below $30k or $25k.
The price currently is still somehow kinda bullish since Bitcoin have not dropped below or near the level of the last ATH before $60k.
Infact Btc price action currently is kinda very volatile, It drops and recover. More of like a dead cat bounces.

So, yeah I think were not really in a bearish market currently.

Perhaps it's an undecided choice just like mine since the market doesn't look like bullish or bearish to me it's still in the middle of gaining momentum to losing it which would end up to be the start of bearish market. We should just look at the resistance and support levels if we have to determine which way the market could go.

For me, the market is still in bullish though the panic is somehow increasing which makes the market to dump a bit perhaps it's just the traders doing their thing.

I forgot who among the members says that bitcoin follow the stock market movement. And probably it is still holding true so far. And it was just very uncanny to see the price shoot up to above $40k when everyone thinks that we are in a bear market once again.

Oh well, NYSE will be closed this long week in observance of holy week but not crypto market. So let's see if traders will go and flock crypto and who knows, a possible moonshot to $44k-$45k?

^^ I think it's more of the geo-political thingy going on, in short the war in Europe that greatly affecting not just bitcoin, but other assets as well.

Good thing is that the market is still in good phase, although it's scary to see the price just going down hard in the last week, below $40k, we have a good recovery in the last 24 hours. So we might still be in the middle, hard to see if we are in the bearish trend as the trend is not pointing in that direction for now.

It is really cool to see that bitcoin is up, but it is really scary to see that with American markets being high, bitcoin is high as well. There shouldn't be a connection between those two things but for some reason there is one. We shouldn't rely on American stock markets to see bitcoin shoot up, they should be irrelevant and independent from each other.

In any case, I am happy to see that it is higher right now and 41k is not a bad number, it means that the bull could be back on the menu once again. I can't say if it will go to 48k once again, but I am glad that I have waited long enough to see it drop before I got in, feeling much better.

I assume that the bullish trend part is accurate, but the drop wasn't mainly due to the rate increase by fed, it is obviously impacting, but from 48k to under 40k can't be explained simply by people who withdrew and then put their money into crypto. Obviously it is something that we have seen before and obviously it is impacting the price a bit but this was a too much of a fall to just put it on the rates.

I believe we increased way too much before that, from under 40k to 48k which meant that even a small push caused it to go down even harder and if we were to be 48k before that happened, like be there for months, then it wouldn't really hurt this much.

The entire market is looking bearish right now so for me I can't think of any bull run anytime soon for any cryptocurrency.

Bitcoin , could sustain itself on 35-38k for a while if we go down under 40k$ but we if go down under 35k ...I'm afraid that it will be hard to read the bottom as it could be 28k , it could be 25k or even lower.

It's a perfect time to sit on the side of the market and just watch how it goes as liquidation is still going on a fast pace.

watch and try to accumulate, that's the right thing to do.

Take advantage of the opportunity as a bearish market always offers an opportunity for investors who doesn't panic, while some would panic and dump at a loss, us who understand the cycle of the market should see it as an opportunity to buy, besides, once the bull market starts, we can always sell our holding with a profit we desire as long as it's realistic.

There is no point in selling bitcoin now, everyone will agree with that. So in this situation, you need to hold the bitcoin that you have, and in parallel accumulate stablecoins in case there is a big drop. In this case, it will be possible to buy bitcoin at a very good price and continue to hold in anticipation of the growth that will definitely happen. If such a significant drop does not occur and bitcoin grows, then this is also a very good scenario. You need to consider all possible options and be ready for them.

For investor which bought their btc while the price is high then there's no point selling it especially if your balance is at spot since we have huge chance to recover it knowing bitcoin is good in terms of price pump. But if you are regular worker which receive bitcoin as salary and not a trader for sure there's no doubt for them to sell their bitcoin at anytime they like. This will all depends on how people will use their bitcoin since not everyone know how to trade this coin without getting any worry.

I voted no, we are not going to enter a bear market but I see no reason to return to a bull market either. More than a technical analysis isolated from reality, I believe that what can catapult the price up or down are certain events, and not to extend some alleged patterns in a chart. I think it is more likely, in the absence of catastrophic or wonderful news, that we are going to stay in a kind of sideways.

I think in the last few days bitcoin again failed to continue the price increase that had occurred in early April when the price of bitcoin had risen to the price level of $47k. However, when viewed from the pattern of price movements, bitcoin has not been able to break out from the $44k resistance area. Even today, bitcoin is stuck in the $40k price range. Therefore, there is great hope that bitcoin will continue to strengthen so that a sign of a bullish trend is formed again.

The buying demand for Bitcoin went on and off. I'm not going to say that was because of whales and have no reason to blame them either but what I see is that the market fails to make bullish again as it fails to keep the resistance stronger. I'm not going to draw final conclusion but I see that this month of April seems to be more on correction rather than the price increase. Well, at least the price is not even to go down badly and break the $40k level. I'd assume that many still manage to hold their Bitcoin instead of getting panic seeing the current condition which helps to hold the price from continuing to drop.

Looking at this chart, I could say that we should not be expecting amazing months for a few more months. It is of course never easy to tell and we may never get the results we expect to, but at the same time it is not the best of the months.

Looking at May, we have 4 down months and 5 up months, too close to tell, June is the same, July has a bit better situation with 3-6, September looks horrible for example, but as we all know the moment we step into Q4 that becomes even better. I am not really comfortable making predictions based on history, but this one looks like it is not really that much of a big difficulty to see that Q3 is rarely the best month for bitcoin.

For the short term, I believe as long as we hold the $40,000 level I am satisfied that we are still in short term to mid term bull market.
For me now, we are still sideways, especially since we are still having difficulty breaking the $50,000 resistance that's why we are again testing the support level around $40,000.
I am still not satisfied with Bitcoin right now, I'm in the middle of bearish-bullish trend.

It kinda is for me too tbh.  I mean let's not kind ourselves..  looking at the last 6 months, BTC has gone from 65k down to 35k then just staying mostly sideways with some volatility around 40k.  This is def not a bull market but also not really technically a bear market either.  It's just sideways after the drop.  So it's really up in the air we go from here imho.  I could see it go either way...  Hopefully up.  Lol.  Me familia.

Maybe next poll should be asking if everybody feels the 2018 vibe because it's starting to look that way.

Unfortunately I think we are going to move sideways for a long time, and the problem with this is that those that are in here just to trade the markets and make some money will probably move on and try to find for the time being other markets that are more profitable, and this could mean a reduction in the price and the volume, does this means that we will see a bear market? Not necessarily, but it is possible we could go below the 40k level.

I am more than happy with the way the price reached these valuation considering how big the market reached in the past couple of years, i wanted to see a major correction and i picked i have no idea about how the market will respond in the next couple of month as it can go in either direction.
Right now the market goes to a correction whenever the price reaches $45k and it is trading in a range bound for a while and i expect to continue that for a while but it is hard to predict in the short term.

No one happy with this price. Bitcoin price early dropped in 2022.Last 2month bitcoin price is staying $40k level. Exactly when price will grow up again this year? I think bitcoin price will be more increase this year and i hope bitcoin price will be back $50k+ in November this year.Bitcoin is long term investment coin so i still believe in bitcoin investment, I'm suggested to you can just hold your holding coin.

There are those that are loading bitcoin at the current prices and they are definitely happy about the current situation and they would hope it lasts for a long time, however we do not get to pick the market conditions that we like and we have to deal with the hand we are dealt, still I think that there is a strong chance that we could experiment a recovery during this year, so it is important to get as much bitcoin as we can before that recovery comes and makes buying bitcoin too expensive once again.

At least though, we have a good bounce, $41k ++ already in the last 24 hours or so. Does it mean that we are moving away and that there will be no more sideways trading? But I wanted the price to go down below $40k though. Reason being is that if we wanted to hit $50k again, we should at least go down hard so that people can slowly buy cheap bitcoin again. In any case, accumulation will always be there no matter what the price is. So let's see if it will continue to make a run as we are approaching the last week of April.

We have great recovery happen by this time and for reaching above $40k+ again would indicate for better movements, maybe we cannot see more deeper dump but I expect bitcoin once it reach at $45k it will have a correction so I guess we can say that this is normal cycle happen before more bigger pump came and that $50k resistance will be hit. But lets not expect to much and best thing to do here is to trade according how the market moves for a while.

The price of bitcoin will back to 50k in this April.Every year,the financial year make some good change in the bitcoin price.Mostly from March to April.But the war between Russia -Ukraine,almost make the economic crisis in the most of the country.But still the peace was not occurred to this two country was a sad one.UNSC should involve to get the solve of this two matter.

No one can answer that for sure. We mostly can conclude what's going on after certain period is over. We can always accumulate more depending on our financial capability, and if you are a strong believer of crypto market, you will always make it a point to collect more if opportunity comes your way. Otherwise, we can always observe what may happen in the next days to come.

The opportunity has already come your way and in my experience if people aren't buying bitcoin already when the price is at a very low price (under-valued) they are not going to buy it any other time either unless price shoots up and the opportunities end.

What I mean is that I have seen such people (waiting for "opportunity") not buy when price was $4000 and when it dropped to $3200 they still didn't buy because by then their "opportunity" aka dreams were at a lower price ($1500 to be exact) but funny enough they started buying when price went up to $7000.

It is the same today. People aren't buying bitcoin when price is $40,000+ and even when there is a small dip to $39000 they still don't buy because their dream keeps going lower. However, when price reaches $70,000 in a couple of months they will start panic buying!!!

It's been holding for Long in this situation now , at least keeping the 40k level yet it cannot stand strong above  that so I think voting for Bear is indeed can happen because April is the beginning of 2nd quarter as we know mostly this season is the dumping part of the year before hitting the ups in the 3rd and 4th quarter.

and dumping down to 29k this year is the lowest position , but now that in this part the 40k is still on the table then yes its good to be here.

Good idea but BTC right now is signaling bullish or least far more positive action.    This is mid week and we can always take a sharp turn but its building positively from what I can tell.  In simpliest terms, reference to the 50 day average, we are recovering back above that but also 2 day and weekly averages.   Just above the 42k price now is monthly but really staying above 50 day has me thinking BTC will progress positively for this month and possibly medium term.
https://i.imgur.com/l5S7J01.png

Really bullish target would be the 48k shown in this chart, which is about the 200 day average.   I think we are more slowly gaining so not this month but generally seems quite a genuine turn upwards and not the negative breakdown some feared.

Yeah BTC is looking good rn but it's not out of the woods yet imho.  Just a little bit more if it can break out and stay above resistance of around 44k - 45k.  It has been trying to break out of it for 4 times now since Feb but it hasn't been successful so far.  Hopefully this next one could finally do it.  But still unsure as there are lots of stuff going on around the world that could take everything down again.  We'll see...

^ Yeah, every failed attempt -- not to break any new resistance but rather, to maintain above support line --  either contributes to bull accumulation or confidence for the bears. Hate that I actually felt relief to see 42 today (I note also 20 April heh) but now it seems to be winding back down with North America up. This weekend is either key, or a rerun. Hoping it's key...

I said no as well because we did a good job in April but we could do even better in the future as well. I am not saying that May will be a profitable month, I would not know, nobody knows, but I have faith in bitcoin that it could go higher. I agree that anytime it fails to go down, is another stone put on top of that 40k price, and when we have enough stones to call it a wall, we could put our backs against that wall and look ahead. We can't go up while being afraid of going down as well, people would be terrified of buying at that level, but if we could have a good situation where going down is a minimal risk, then we could put more money in with ease.

^  That's the problem with that kind of thinking.  'Faith' has nothing to do with price.  And yeah I kinda agree with May.  Nobody knows.  I've been some guys saying sell in 'May and stay away' implying a slightly downward trend and possible more sell downs.  Dunno...  Just stay safe out there.

Anyway, check out the price...  And just like that BTC was breaking above 42k with 45k looking to be a sure thing then out from nowhere somebody pushes it back down to 40k.  Market is spooked and down it goes some more to 39k with 38k looking very likely.  :/

bitcoin is back down from the last price of $40k and is now at a price of $39k, is it possible for bitcoin to bounce back and break the current april high price. Many of the polls that we get are all still confusing and there is no validity of their opinions so that many investors are still confused in making policies to buy or hold existing assets.

Probably 38-42-45k is the range in which bitcoin will stay for a while until the bulls or bears win. I don't know how long this accumulation will last, but I think we will see the outcome soon. Personally, I think bitcoin will still show growth before it drops. I also think we will see a serious drop before the next halving. These are market cycles that repeat themselves regularly.

I do not agree with you guys. This could be a drawback where the price will go a lot higher in the longer term. I am not saying that it "will", thats something nobody knows and I am not claiming to know for sure where the price is going. But just because we had a small fall, which is like under %3 fall by the way, doesn't mean that we will keep going down for a long time. I still think that May could be a great month, this could go on for like 10 days and accumulate more and more from these prices and then suddenly we could breakout. That is what I am "hoping", or that is what I have faith on, doesn't matter what you want to call it, I do not know if it will, I do not care if it does because I will keep on holding until I have enough BTC to retire, and it won't be anytime soon anyway.

April will be the sound good for the pump of the price of the bitcoin.Because after the year end system of March and April,their will be huge free money among the people for the investment.It’s reason for huge pump during the month of March,April of every year.And the long term holding people can make some investment and cash out during this two months every year.

What we are doing right now is not just building a wall to prevent going down, but also getting more ammo to attack the higher levels as well. Last time we tried, we hit 48k and that was a great period, however we ran out of ammo and couldn't buy more, in order to make it higher. This time around we are making profit at lower levels first so that we would have enough to eat that up at higher levels and try greater.

If we can achieve that then we all would make a profit, if our ammo is enough to break over 48k and reach to 50k+ levels then it would be great, if we fail then we made enough profit at closer to 40k so we could just feel fine about it anyway.

Yeah mentioned yesterday these last few 40k breaks have puzzles me as have been expecting 38k and below to be easily done with repeated failure of 40k as support -- BUT we could also be underestimating the desire of bulls to be tested and relinquish 40k temporarily. One of the tightest ranges over one of the longest periods (relatively) this year so far, that's a proper tug of war but one guy just needs to lose their footing ;)

Let's see if the bulls can defend the $40k again, as you have said the supports seems to be very tight and we even have some movement above that support line and I thought that we can go to the next, at least $45. So there is a battle on the floor, bulls and bears trying to get the advantage in this race up to the end of the month at least. So it's going to be $40k++ or a minor divergence again to $38k.

               I don't know about you all but I for sure am expecting another downside direction in the short term before going for another retest on the 44k-45k area. This isn't a financial advice or anything of the sort and isn't something that anyone out there can also tell for sure so trade at your own risk. Anyway, having said these I have already opened a long position on leverage at 37,700-37,800k if it gets picked up good and if not, then still okay. There can be good scalps within the shorter timeframes anyway, so for my big trade I am going to be patient and wait.

Not at all, if we are going to based that we are indeed in a bear market then we should expect the price to go down to lows of $30k. We've seen that already in February if I'm not mistaken and there is a possibility that we can even further dip. I don't do trades right now though, but yeah there are a lot of opportunity still in the market to squeeze some profits at the side as long as you have the skills and the patience.

We failed the 42k attempt quite quickly, it literally reversed back down which is not bullish at all.  People dont like TA for this reason it can go either way, trick is to take note of the direction and sentiment as a good indicator so we have to now.
  So its found both 200 day and this 50 day average recently as a ceiling, we are neutral sideways unless it does break the longer term trend up.   Think we are ok for now.

We'll need to first get over the line, hopefully today, but at least by tomorrow. Trend so far does look encouraging but it's Monday when regular markets open that Bitcoin will need to defend whatever sentiment is prevalent by then. And defending it above $40k is what I'd hope to see in the final stretch of April. I'm the last to pin any hopes though, we're midway through the halvings and haven't had the requisite crash yet.

              This indeed can naturally be the case. That is, if we base on traditional ways of how we deal with bitcoin in the past. Right now though, it has proven to be more difficult to see long term direction of bitcoin due to a wide variety of variables we see nowadays. I even am losing confidence in my indicators after a few wrong moves. Maybe it's just because I ain't that well versed in trading yet. But the main thing I am really banking on right now is the fact that most miners are gon go hard on buying when BTC approaches the price range 33k-35k. So there can still be time to decide by then whether the conditions look bad or getting better. Anyway, thanks for the insight. I appreciate learning new things every now and then.

I agree that we are not really in a "bear" market, yes we are not doing well but we are not doing badly enough to call it a bear market just right now. We are doing just decently and that should be good enough for people to assume it won't get any worse, like we could go up right now and nobody would be surprised.

This is what separates a bear market from a regular market, if you are in a bear market then things are all going down and everyone is pessimistic and there are even people who think it will crash to zero, which it never does but they still exist for some reason. So, I believe that as long as we are not around 30k, we should be considering just regular market movements.

Bitcoin has been moving between those levels for some time and the market lacks the strength to break away from them, but at the same time there is not much of a chance for the price to get lower because institutional investors will load on all the bitcoin they can if the price drops too much, so we are trapped in a limbo from which the price cannot escape and the more time it passes in which we are under those circumstances then the more difficult it would seem for some people that we can breakaway from those levels.

I have a feeling that tomorrow the market will be even redder than today. Right now we can see that bitcoin price has been manipulated for several hours. First the price went up to almost 40k and then it went down sharply to 39k. It feels like the manipulators want to cheat everyone once again. I wouldn't be surprised if the price goes below 39k again tonight. But I would like to be wrong.

Are there really manipulators in btc market? Remember, to move this market, you need large amount of money to see the effect on its trend. Maybe, it is just the general sentiment that we are seeing here. When people are seeing that btc is going down below 40k, some are selling their satoshis before it goes down even further. But this may be short duration only, we may see it going up again anytime soon.

Faith sort of plays a role in investment if you are doing it long term. There is no indicator that can suggest what bitcoin will do in the next 1 year for example, you could try to predict but it will mostly be baseless, hence you just have to have faith. But, if we are talking about April or may, then we could definitely consider it as short term and can back the predictions up with data.

I believe May will be greater because we are growing in support, and weaker in resistance all the way back to 48k levels, that should be good enough reason to actually go up and do better. There is no guarantee of course, maybe we will do the harder one and go down, instead of easier going up.

Is this a campaign thread? reserving for Slot application?  ;D ;D

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We are week away for the end of April so before locking this thread I may give my own speculation for Bitcoin this month.

As i observed this staying in mid level?

What I am surely off is that the value will not drop below 30k again? and will not cross 50k this soon .

$38k and still going down, and we might find our selves maybe in the mid $30k before the end of the year, near capitulation again for us?

Nevertheless, I'm not that nervous though, another good opportunity to get so why not? But I'm positive that we can get back above $40k in May. Just a couple of days before the end of April and in case the price really goes down we should not be disappointed and let it passes.

If we return to 2021 or a year ago, the price of today is more than $ 60k, of course this is common because the fluctuations in bitcoin prices are very high, and it seems that the price of April 2021 cannot be repeated in 2022 but I am optimistic that the price record of the year 2021, which is around $ 69k, we will be able to pass in 2022.

Well we cannot compare the price of 2021 and 2022 because remember that 2021 is the year when the Halving of Miners in Bitcoin starts to celebrate and gathering their profit and benefits.
but 2022? FUD starts to arise and the War starts to break the OIL reserves of the world and now making the complications for the world economy.
I think that this April all we can have is that 48,000 and we are hardly see the 50k breaking .
'

There are always whales which can manipulate the price, now it is true that this is easier in the altcoin market and that the bitcoin market due to is volume and liquidity is way harder to manipulate, but that does not mean that it is impossible to do so, after all whales need bitcoin to manipulate the market, so if they got early on when bitcoin could be bought for less than a dollar and they join hands with other whales then they could move the market on their desired direction.

               Indeed. The price is trapped in these ranges and I assume it will be at least till the end of this month or the first week of May. I am assuming that just like in the recent years, the month of May will be the month that would make us see more action in the market. Hopefully though, not an extreme downside. But yes, this is very likely to happen. Keeping my portfolio strict at the moment only holding assets that are very significant in my views and have prepared stablecoins just in case I need to DCA on these coins I currently hold.

mostly the whole 2nd quarter is a none responding month meaning even till June we cannot expect a good movement guys , I have seen this scenario almost yearly and at least every After having year.
so best to check this the occasion after 2nd quarter as mostly ? 3rd to 4th quarter is the benefiting month and the Hyping season .
I may not take this month as profitable ? though in the beginning of April price reached 48,000 again.

There is only one day left until the end of April, and that will be Saturday. Right now bitcoin remains in the red zone, contrary to expectations, and I don't think the situation will change much today and tomorrow. So this year and last year April turned red for the second time in a row, though historically it was more positive for the cryptocurrency than negative. Hopefully, May will bring us the long-awaited growth.

Yes, last year the market was red but the current downtrend of the Bitcoin market has nothing to do with the month and if the huge number of Bitcoin bought by MicroStrategy and Terra didn't show an impact on the market. I think it is a sign that BTC has entered a bear market and we ought to have experienced the bearish trend since the last month of the year 2021 although the bear may not last long the way it was some years ago.

In the meantime, let's wait and see the market's next trend since we're dealing with a high volatile market.

It's not looking too bad but it's not looking too good either in the monthly.  And it feels like it's just another couple of red monthly candles to confirm a bear market.  I see some mixed forecasts itt.  I guess it'll take a huge sell down under 30k before everybody finally concedes it's a bear market...?

With everything going on around the world, it's hard to be bullish tbh.

https://i.imgur.com/aGi79Ge.jpg

               With all the crap that's been happening in our world, I expect may to really cause a dump. I could be wrong but there definitely will be a significant move in may. Usually, I dump in may and walk away then wait for better market conditions to buy. Of course except for btc and a few selected altcoins that I really like or the ones that are staked or on yield. But hey, that's your take and I respect that. I just prefer to be more cautious now than in the past. Still awaiting for June though because if market conditions are good by then, I might repurchase some alts that I have let go of or add more to the ones I already have.

There is no chance for Bitcoin to show a green graph that is centered in April, because April does not show any changes for Bitcoin, the red zone is still in the market and the return situation to the green lane does not allow in the near future, especially since April only only 1 remains only 1 remains 1 Day, even I am also not very sure for next month Bitcoin will get an exception to growth, because if the market does not change, then the possibility of bitcoin will not occur

april is lapsing now  yet there are still rumor that this Bear market will come but nothing happens , though this is just second quarter and there is a lot of thing to happen .

 I wanna believe that we will not seeing any dropping below 30k again(though this only happens once and in small drops like 29k)  and i wanna believe that the maintaining value till end year is 50k , readying for what will come in the 2023 as the halving is near at 2024 .


I am still Bull for the year we have now but not too confident lol.

at least surely you are posting about April when this is already the End of the month?  ;D

Yup I've been seeing some traders at CT starting to say that we should 'sell on May and stay away'.  That's funny and I'll prolly use that as some sort of theme for the May sentiment thread.  And with that thought in my mind, we'll see...  30k is still holding strong.  And who knows, BTC could see a bounce in May and give everybody more hope for another all time high.  Can't wait to hear everybody's thoughts.

At this point I would not be surprised by anything that bitcoin does because it is in fact that difficult to read the market conditions at the moment, after all as you state it would be reasonable for the price to go down due to all of what is happening around the world, however just as that scenario is possible, the price could remain ranging and going nowhere as well since any attempt by the bears to drop the price will make institutional investors to take a stance and defend bitcoin and its current price.

Why may though? Like why did they picked May as a bad month to trade? I personally understand the logic of picking a month, but I always ask them why May. For example, last year it was a bad month, but a year before that it was a good month, there is no sustainable reason why it's a bad month.

I get the December good month logic, even though in 2018 it dropped, most years it goes up in that month but May doesn't seem to have that type of common drop to make it a bad month. In any case, I do not believe it myself, I believe each new day is a brand new day and shouldn't be looked at from the past movements and should be considered as a new month.

April ended bearish falling below $38k. Technical analysis still reveals further bear push leaving bitcoin no chances of recovery. We are yet to see the effect of musk's purchase of twitter on bitcoin because rumors are that he might choose to implement bitcoin or doge payment on twitter account although source not verified but the hypotheses might have effect who knows

I said earlier that even in the next month bitcoin is very difficult to go to the moon, the connected red zone is not yet visible for recovery, the market is still in its previous state, it is likely to reach high prices for bitcoin in the middle or end of the year, if last year's scheme is repeated for the year this