Bitcoin Forum

🧨Crypto took a hard hit early May. Bitcoin, the largest cryptocurrency, fell to around $29000 from its all time high of of almost $70000. Other cryptocurrencies fell too and people started to wonder whether this fall would be permanent, but will crypto rise again?

🔮It’s likely, but it won’t be a walk in the park. Shortly after the collapse, the majority of cryptocurrencies began to rise in price. Bitcoin started trading around the $30000 mark but remained largely below that for the time following the initial revival. Since then it’s been a roller coaster ride for cryptocurrencies and they are yet to reach levels near where they were before the crash.

🚀Right now, the bull market rages on. Cryptocurrencies are still experiencing ups and downs while remaining largely around the same price they’d reached after the collapse. However, sentiments on the market are largely positive, with many experts and investors optimistic that major cryptocurrencies will reach new highs just not very soon.

My brother in Christ, are you sure you even know what a raging bull market is? Or were you just looking at the charts upside down?

I am not getting exactly what you want to express, to be honest. We aren't in a bull trend and even I can't see we are recovery phase. Today Bitcoin is trading at around $28K which is quite a dangerous zone for Bitcoin. It would fall more at any time since there isn't any major news to come out. Terra dumps the whole crypto market but not sure if the market start to recover after the Terra fork. The overall situation isn't much better right now till Bitcoin stay above $30K.

We are in the middle of a Crypto Winter.  With Terra's crash making things worse for the entire market.  There is no bull to rage.  All we have is a lot of fear and sadness right now with so many people losing their savings and investments or cashing out in fear of a further collapse of the market.

We can call it a raging bull market when we see Bitcoin exploding through the roof and going through another All Time High within a day or two.  For now it is still around half way through the All Time High so a recovery will take a while.  Until then, there will be mostly silence.

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Regards,
PrivacyG

I was sort of thinking the same thing.  The prices of most coins are down 85% and Bitcoin's price has been cut by more than half from the highs.  I wouldn't call it a bull market.  I'd say we're in a straight up crash and have been for more than half a year now.  It will soon be time to start buying again to prepare for the next wave up (once capitulation lowers the leveraged long positions).  

I feel like this cycle we didn't get a good moon shot, only two failed attempts.  If we do hit another raging bull market, it will be something to behold as there is a lot more awareness this time.

It very likely you find people been positive about Crypto-Currency even in a bad market, you can see some Luna holders still very positive. But mate I would pretend to agree with you that some(definitely not many)experts are thinking that a new all time high would be achieved soon. First you have to check what the all time high is and the present state, Bitcoin has the highest ATH and that’s over $70,000. Even if I want to be hopeful I wouldn’t think that we would achieve an ATH pretty soon.

I doubt any of the holders since pre attack are positive about LUNA.  Imagine your millions have turned into dollars.  Would it ever be possible for you to be optimistic?

The positive LUNA holders are those who bought post attack hoping to make a buck out of it or those who lost their life savings and are still trying and hoping in despair.  But no way in hell even a single, sane pre attack holder is still bullish about LUNA!

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Regards,
PrivacyG

I think the OP is an alien, if not he won't have said the market bullish rage on when the market currently downtrend to a $28K price.

Yes, it will rise again but what's important is making sure you choose the perform investment ^{(Cryptocurrency)}.

hah (take a deep breath)  :(

Have you just woken up and haven't had time to see the current market conditions? or the news you got has expired. We are now at the end of May and Bitcoin is trading under $30K. If you look at the bloody market today and the altcoins are much more worrying. I hope you have backed it up to a stable coin.

For Luna's holders it was not a positive, but a fragile hope in despair. Luna's sudden death cost them immense loss and now they wish everything would have a miracle that would help them regain their lost money.

As of now, bitcoin has not seen any signs of bullish return. I don't think we'll see a bull market anytime soon, the crypto winter is just beginning and will extend to the next bitcoin halving.

terraUSD is selling off its btc to get fiat to pay off its pretend 'fiat' value
yep they used the fiat reserves to buy btc ages ago(bad plan that back fired) while showing terra as a USD value.. (bad combo to not stake fiat to a thing thats described as a fiat stable coin

yep they never bothered to actually keep dollar reserves themselves to stake/peg stablecoin.. so now they need dollar to make people whole.

this is just temporary.. once they sell their btc. they wont have any more btc to sell. so sell-off ends


we are going through a crypto summer and some are getting burned. whilst others are seeing the sunlight and discount of bitcoin as a way to sunbathe, ride the waves and enjoy the warm feeling from cheap btc.

this is not a crypto winter. and it wont last until winter. winter will add more layers of value and the price will rise.


..
ethereum however is a different crash. and is going to continue to decline due to the switch to PoS soonish.. which is going to re-evaluate a ethereum 'bottom' underlying value from over $1k to only a couple dollars. after all it doesnt cost much to sign blocks on PoS. so expect ethereum to not grow.
it was the PoW of over $1k that gave ethereum a value over $1k. take the PoW away and boom. underlying value drops to PoS rate. which is only a couple dollars a coin. so watch out
dont expect ethereum to be worth this much next year.
try and ride the temporary waves this summer to keep averaging down. or cut some losses now. and hold fiat or swap to btc until next year.. to then buy ethereum at next years super low.

He probably living under the rock,  ;D and just waken up.

But seriously, we are already in a bear market, so the bulls are nowhere to be found. Prices took a dive again, below $29k in the last 4 hours, and so the selling pressures is still there. Just take note though that the whole financial market is down, meaning investors and speculators have withdrawn money and it's a sign that something big might going to happen and this bloodbath will continue.

Those who wonder if this is permanent are likely new to the market.

We have been here for years and it's always volatile as we can get. There's no specific time until how long it will last and there's no known cause when the reversal will happen.

It that so happen that we should think that it's not always at the peak and at the lowest. Time should come that this dip would be at the top again, whether it will be the ATH again or not.

May bitcoin and altcoin price finally go back to its price and finally rise.

As of now, I am still hoping that the price will go back atleast this year. I am a little bit tired since my trading is not getting better as time goes by.

Of course it will be ATH again because nothing is impossible.
Even though all of that didn't happen this year, maybe in early 2023 the price of bitcoin began to reveal itself again.
At this time, people all find it difficult to think about their money which is delayed the results there sometimes they turn their capital again, but have to say because of market conditions that are very unlikely to return their capital in that fast.

Whether it is stock market or precious metals or even crypto, there is no permanent movement. Assets always tend to go up and down for various reasons.
Crypto will rise again? Yes it will. Markets tend to go down and up and it's the same with crypto.

Sentiments of the market largely positive? Are you f*cking serious bruh? If you will see the fear and greed index right now, it is at 13 meaning investors are in extreme fear and worried to invest. Experts and investors being optimistic? Yeah yeah its pretty obvious that if there are some pessimistic ones, there are some optimistic ones as well.

I disagree though with what you said that right now, the bull market rages on. It's pretty obvious that we are in a bear market and many are saying that we are already. U.S stock market going down, war going on, interest rates going up, quantitative tightening upcoming, inflation. The current events are against the market which is why it goes down and that includes crypto. We aren't in a bull market anymore right now but the opposite.

From $29k to $30k is not a rise it's just price fluctuation.  There is no indication there will be a rise any time soon. For me this is the best time to pay closer attention to the market to decide when to sell and wait for the next market move because from more technical reviews we might still face more dips if the price keeps hovering around $28k

It's just a speculation after all, everyone can do that in a forum. Looking at technicals could be hard depending on the timeframe, maybe the OP is looking on the higher interval that he speculate on it that it will rise. No one knows to be honest, but I think we did see a glimpse of capitulation if we're looking closely on the volumes.

"The bull market rages on".

We must really be living in different worlds, maybe even universes, because I don't recognise any bull market now, nor do I find any reason for any "raging on".

It's been sideways trading for weeks, with lower lows each opening week (think we'll hit a 9th straight "red" week).

Not that I'm calling for doom and gloom, this is normal, natural, expected, even favourable.

But a raging bull market? I'm afraid of what a rampaging bear market looks like then.

Yes, and this is a record if we hit 9th straight weeks with red candle. Me thinks though that we might see another smashing all time high record in 2024, perhaps 6 digit?


And someone has seen the bull/bear run, yes, we might say that this is a natural process and this is to be expected.

More likely a crypto winter, very cold and long days.

Yeah I had to check the date a few times and double check the year even because there is no bull market going on right now.

We got like 8 red weeks in a row, possible another 9 coming up. How is that bullish? Stocks had 2 good rally days but doesn’t mean anything since they were over sold. Bitcoin however hasn’t had any decent rallies.

Crypto always provides a good opportunity for us to profit, even when the price drops like now then we have a good opportunity to buy and make long-term investments, from my experience several times when I buy and be patient to hold then we can get big profits.

Yes, the OP doesn't seem to know much about how the market is going.

To me what makes me think more and more the evolution of price behavior is that we are not going to beat the $70k ath until after the 2024 halving. We are now in a normal phase of the cycle. At the beginning of the year I still had doubts and there were people saying that we were in a somewhat delayed cycle and that we were going to break $100k this year, but I think it's becoming clearer and clearer that that's not the case.

I think that is what the rest of the users are looking at, I do not know if @DBX CRYPTO simply is not looking a the same charts or he did not express himself correctly because I think we can all see that we are nowhere near a bull market, what we are experimenting is a bear market which could last for a very long time, and while I expect that things are not going to be as bad as what we saw during the 2017 crypto winter things could get ugly and fast if we see another collapse like the one Terra went through.

People see the fall only by comparing with $70k. Relative to this figure, $29k seems to be something insignificant and small. But let's rewind a little bit of time, for example, to bicoin price peaks in the last cycle and we will see that $29k is more than $20k. So, relative to previous indicators, bitcoin is undoubtedly rising. Of course, with ups and downs, but since its inception, growth has been constantly observed. Therefore, it seems absolutely normal for me that in the future we will see a further increase in bitcoin. Will cryptocurrencies reach its highs soon? For the holders, this is not so critical, because sooner or later it will happen. People can be patient and willing to wait years (you remember bitcoin moving from old wallets not moved for years) to wait for a very high price of bitcoin relative to the purchase price.

2024's my personal target as the earliest we'll see another rally, and yes that seems a bit cynical but I do enjoy preparing for the worst (and was right about 2021 when all the Bitcoin prophets were trumpeting rallies in 2019).

100k BTC would probably be about right too. Last ATH was about 3.4x the 2017 one, I guess even 100% gains on the next ATH would be too much to ask in 2024 (but hey, I'm waiting to be surprised).

What did you think is rise, Bitcoin fall to 25k and get rise to 28k and 30k and you are not appreciating the rising of bitcoin, if some body utilize the opportunity of buying at time the price is low in 25k and it rise to 30k the person that buy when is 28 have make profit, and it depends on the amount you put will give you big profit

Pretty obvious that maybe he just read this one from some site and think that it's accurate.

As others said, no bull run, we will continue to trade sideways at the end of this month and probably another red candle too, setting a new record. Best time for the price to go up again is likely after the halving so it means  we will have to endure the bear  cycle once more. So possible that the price might go down to $24k and that will be the perfect price at least for me to fill my wallets.

Sure thing that we have been here in this situation for many months now but even if this lasted a year or two a true cryptocoiners will still believe that cryptos can rise and there is no such thing as a permanent bear run because if there are then it already happened before and there's no way the price will reach this high.

What bull market you are talking about? And why the prices was still the same but I think the price right now is much worster than the price last month, where btc was above 30k and alts are still a little bit higher than their current but yes the ups and downs are always there and it won't go away since cryptos are volatile.

so what is the Raging market in this now?  https://coinmarketcap.com/

there is nothing coming towards our part , and this is the the market is showing now , maybe you are reading the different ways mate.

but I am looking forward to the right raging market .

BTC has always put a great surprised to everyone of us, 2017, then 2021 bull run.

So yeah, $100k might be in the target next around 2024-2025. Still very far though, but that's what we said in 2018 and then suddenly we are in the halving. So again, we need to be resilient and endure this bear market. Because at the end of it, there will be a massive and 'raging' bull run as the OP described.

The daily transaction volume of cryptocurrencies continues to increase, this proves that the market is very promising to make us big profits, when the market is rising then the best thing is to always monitor prices, if daily trading then sell immediately when you have 5% profit, don't hold it too long because the market sometimes unpredictable and red again.

Stagnant after the crash could be the best to describe it. I don't see a bull market happening just yet with the economy down for most of the countries.
They say it's best to invest at this type of season but what will you invest if you are afraid there will be no food in the table if you risk it for something else.
Let's just see if the economy will be better if ever the war ends and we are clear from the pandemic, maybe at that moment we will see good changes in the market.

The crypto market, in terms of almost the same as the real market, there are certain times where you have to buy goods at high prices and low prices, Have you ever come across a market that sells permanent goods, without going up and down, of course the answer is no.

For that, what is happening in the crypto market and also the type of crypto at this time is also the same, maybe you can now buy at a low price and sell it when the price soars, when does that happen, now that's a question mark, basically, maybe this is a bear market happening, wait for the bull to rise you will realize everything is not permanent.

Normally this happen after the market suffer from huge collapsed and for seeing the transaction became more higher again we can say that investors are now back on action towards playing on its volatility. Although there's something good happen still we need to be careful since for sure more dump will came so better sold if there's a profit already and there's low chance that we can experience a bull run this year.