Bitcoin Forum

Bitcoin 2018 vs 2022:

1. 7 MA crossing 25 MA.
2. Bitcoin broke the resistance trendline.
3. End of Bear Market, bottom is in.

https://i.imgur.com/HwRMYwj.png

I dont disagree but the retest is where I have more confidence.  The low prices more then the high prices is where I find accuracy is best given for prediction and the backbone to trends.    We do have weekly, 50 and I hope soon 200 day averages moving upwards.   When all that is true is best to be biased to the upside but I wont assume just yet, sincere optimism seems totally correct but I'll wait this month out and some.
   So breaking this downtrend line is good, but once we have also pulled back yet kept this former regular negative as the very lowest price then I find we are very likely with positive bias.

It doesn’t look like it broke either. The trend line is not broken yet and the moving averages just started to cross. So it’s a little pre mature to say this. However given how small the dips have been I am starting to think this will rally into the $25K at least before it pulls back.

One indicator of a Bitcoin bull market is when you want to buy the dip but can’t. That usually means it’s a very strong bull market. And the best way to play it is get in early and keep holding without selling too early. Hence if you got a long going keep holding and don’t sell yet.

What I know is that indicators can fail, but long term sentiment has not been failing yet, the price of bitcoin is still low, for anyone that has money he is not using for long time, he can buy bitcoin, the price may reduce but we are still going above $50000. Going above $50000 may not be this time, it can be in this year or next year.

I use weekly BB and RSI indicator, what I predicted before is that bitcoin would increase above $23000 which would be a resistant price, but getting to $25000 is possible because there can be more overbought market, the upper band has been attained now but the market can be bullish a bit more. But because of the weekly BB overbought market, bitcoin price may drag around this price, finding it difficult to go higher for now. But I am still expecting above $30000 this year though.

I hope you're right (obviously), but I still don't feel like we are 100% safe. The price looks good, however, I'd wait for a correction (or at least plateau) and then the next pump; then I'd also be convinced we're good (I tend to be "slow" in this, but don't worry about me).
On the other hand, I was expecting the bear market end in Q4 2022 and, based on these new charts, it has basically ended in 2 of January 2023. So, based on my original math, you indeed may be right on this.

PS. Thanks for the new charts, I've been awaiting for them ;)

It is evident that something is happening, but regardless of the data, I am of the opinion that the bear market cannot be completely written off. I think it's just a recovery that is still on shaky legs, until we get back to pre-crash levels caused by that South Korean scammer. This would mean that the price should reach at least $30k, and somehow it doesn't seem to me that this can happen soon.

Cautious optimism is the name of the game for now, and feels like I am not alone judging from responses. I feel almost guilty now waking up the past week and expecting sub 20k levels, as if we are just so used now to false dawns we feel it must not yet be over until there is real pain (not to say it doesn't hurt yet, just I thought we would be on our knees first).

A year also, if nothing else, feels too short, no?

Oh yeah, we need to be very careful as well, although we see the price jumping to $23k, very early to judge if the bottom is in already. On the other hand, me waking up seeing the price moving over $20k makes me nervous, Lol, because I'm thinking that the waking up next day, the price might be different.

But it seems that the bulls has taken control of the market, and again, waking early in my timezone to witnessed again $23k++ still baffles me as to what is the real reason for this increase at the start of the year.

Maybe it's the end of the bear market in some sense, but it's not the start of the bull market. There's still more than 1 year till next halvening. The growth, if it starts now, will still be slow, I don't expect the price reaching the previous top in this year. Even 40k sounds in this year sounds pretty ambitious, considering that the price can drop anytime for no good reason or if there's some unforeseen negative event.

Bottom maybe in but for every break of structure you need to anticipate a pullback and from what I can see, price could comeback to anywhere around the $19k region to mitigate open orders and then nothing will be left at the bottom and price will moon upwards.

My thoughts exactly, price is yet to break the trend line, but looking at the size of those bullish candles.. Markets keep showing that they do have upward momentum to break the trend line,but after this happens a pullback is certainly on the cards!

Having Bitcoin continuesly moving up with such momentum and Breaking two structures especially the FTX collapse, is something that caught my attention and makes me start ​to believing that the Bottom is in already at $15k,

not only that, Another two things which is corresponding with this move is the fact that previous Bear/Bull market cycles records shows that Bear market ended in the 12th month , while the Bull market started on the 13th month after ATH, which means that in previous cycles Bitcoin only spent 1 year in the Bear market and 3 years in Bull market.

Now we are currently in the 13 month of Bitcoin down trend, seems history is trying to repeat itself.

It is true that we could have a "confirmation" of sorts to make sure it is start of a bull run, or at least end of bear market. But that doesn't mean that we can't be finding anything that would be closer to reality, and I believe that we should be finding something that would be a bit risky, and at the very least something that would be too late if we wait for that confirmation.

I think it's a lot better if we end up with having some sort of better results in the long run, then it would be better if we get involved now, if we wait for that confirmation and it goes up, we would be too late and making profit is still possible but it will be less profit, I already bought at lower prices so I am fine, but I suggest not being even later than now.

I can't say that bear market is done since it's just getting started to rise after a long bearish months though the bull trap is still in my mind after all. I'd like to be cautious as possible if I don't see a reliable strong support that the bottom is done already since I kinda feel like it's still waiting to dump after pumping. Maybe let's just wait a little longer to see if it's really moving up and it's finally a good bye to the bear market.

$22k is that the bottom price we should have our bitcoin fall to? It's all good if am to have that kind of assumption with you but will that possible to come by cos a few months back we were having a bitcoin price at $22k above before the luna and the FXT exchange crashed.

In a year the bitcoin halving would kick off. Before then and now, we are going to encounter so numerous price movements (up and down) of bitcoin. Let's keep our tempo cool for now and trust the movement of bitcoin(whether it declines or increases)

I'm smiling at how things have suddenly changed. Just several days or a few weeks ago, I have observed that many are bearish. I have seen a number of polls and discussions showing that the sentiment remains generally bearish, probably because the halving is still happening in 2024. Nobody would probably have expected that the price would leap from $16,000 when the year started to $23,000 just around 3 weeks later. Bitcoin is indeed unpredictable and while we could say that the bearish days is probably over now, we could again be wrong.

I don't think, bearish market is off from the market yet, because the market price is still moving between $22,342 and $23,211 which is a sign that investors will soon experience massive pumping before the end of next two months in the market. I think, investors can still visit the market to buy as much they want and hold for the price to change for their favour before they can release them to smile in the market, because the bearish market is still on for long and short term investors to make use of the opportunity so that they will have something reasonable to achieve at the end of their investments.

not time to call off the bear. nor time to call in the bull..

what is actually happening since atleast second half of last year is saying "hello whales"

take just this last 5 days.
there are 2 pods of whales

one pod is futures trading with bets the price will be above $22k. and so they have spot market bots trading to keep prices above $22k

another pod is futures trading with bets the price will be below $23k. and so they have spot market bots trading to keep prices below $23k

both pods like to bait the sharks(smaller traders) by letting the price slip above limits for a short period(minutes-hour) to tickle and tease and bait the sharks to make opposing bets that the price will go above $23k or below $22k

this is so that the whales have a pool of opposing bets to win against (take their money)

we are not going to see much "free market" natural trading this year (my opinion, do you own research) where the price will move freely and more volatility within the natural wide window of $15k-$90k(read my post history for my numbers explainers, there enough of them)

instead we are going to see alot of 1 week-8 week straight horizontal lines (zoom out to 3-6 months and is clearer)
when then step up or step down once the futures contracts expire and the whales turn off their spot bots for a few hours or day to allow a little bit of freemaket movement before readjusting and setting new support/resistance narrow window frames again

I am still positive that we will not yet start yet the bull market, maybe more sideways but no more dumps just like what we experienced last year. Last year is the best example of a bear market which we saw drastically drop from an all-time high and most of the altcoins are also dumping. Since Bitcoin block halving is next year, maybe the first quarter of this year is still not sure for me, I am still bearish.

I am not sure if this is a bull trap although my doubts are great, but I am convinced that we are not out of the bear market yet, it is still very early to confirm the bears was left behind. It is normal for bitcoin to recover from a long string of declines, just as there will be a few sunny days in winter.
In order to see what the next trend of bitcoin is going to be, we need to take more time to observe and confirm whether the winter has indeed ended or if this is just a price trap.

How I wish this is completely true mate though  have been following you and sees most of your confidence about Bitcoin movement , if bear really ends here meaning I will be successful in all of my buying right before the pump happens? yes I bout at 17k and at 19k , knowing the price now is at 22-23k meaning i will continue to close my eyes and wait , even there is a small dump this what needs to stay strong and never panic.

Plus because of Quantitative Tightening/reduction of the money supply implemented by the Federal Reserve, and other Central Banks in different regions around the world to fight inflation, there might come a deflationary cycle that might cause a depression and pull asset prices down because of low demand. I know that it's debatable, but it's not impossible in my opinion.


It's probably a surge like what happened during 2019. It was the middle of a bear market, but Bitcoin went from $3,000 to $13,000, then went back down.

I too believe that the worst is over but I think we are still in for many ups and downs, as well as months of sideways movement in some cases. There is not a lot of money in circulation and that means there is not a lot of money to invest, plus we are some time away from halving.

If the central banks change their rate policy, more money will flow to bitcoin, and after the next halving we will surely enter a clear bull run, but until then I don't expect much joy.

I won’t say that the bear market is over, but it’s better situation if we compare to the bear market. BTC is now building up a resistance at 23k usd. If Btc manages to break it and come till 30k usd, then we can say that bull market has started. Currently we are at very early stage. From here next 2-3 weeks will be very important and anything will happen in that. So yes, we have to think and see where will Bitcoin go in these coming weeks. In the mean time gather as many Bitcoins as you can in your wallet.

The best argument for bye bye bear market is Asian countries with the highest adoption of bitcoin and the cryptospace are beginning to buy now which might help avoid bitcoin from dumping lower. It might also be good to start closely following the news from Asia on crypto regulations and developments to have some idea on what might the future appear like.

Something similar to this news, in China, they appear to have begun reversing their policies against digital assets starting with NFTs.



After years of hostility towards the digital asset sector, China appears to be taking steps toward embrace nonfungible tokens.

The website for the China Digital Trading Platform (CDEX), a Chinese state-sanctioned secondary trading platform for NFTs and other digital assets, launched on Jan. 1.

Source https://thedefiant.io/china-launches-nft-platform

I'm one of those who think we're not done with the bear market yet, unless it crosses back again at above $30k. When Btc reaches that level, people would start a panic buying, thus causing another pump.
However, it's still not the case currently. Not much to hope for a bull market in 2023. So, let's not get comfortable yet and accumulate more Btc's while it's still considered affordable.

I'm very confident that they will, and that QE/BRRR-Money-Printing will return, BUT everything must be going through a deflationary cycle and a recession first. Wait for June, and check how high the inflation rate is in the United States. It might fall faster than projected. Plus why the United States? Because they are still the economic leader of the world, and every economy will follow that lead. Not China, not Saudi Arabia, but only the United States.

When the bitcoin price reaches $30k again and people start to panic about buying bitcoin, they can get their chance, especially if, after reaching that $30k, the price gets another correction which makes them lucky to buy at a price lower than $30k. But at least we can hope that this year there will be an increase for bitcoin and there is a possibility that the price can return to $ 30k this year or early next year. And if this year, the price can get back to $30 before the end of the year, bitcoin could go even higher next year. I agree to collect more bitcoins while we still have that chance.

I agree, there is a line between being in bull market and not being in bear market and we are there currently. I would say bear market is "over" as in it is not in the bear market right now, but we are not totally out of it neither, one drop and we will be back in there again. So, we should be considering the current situation as both good but also dangerous.

It's good because we are up now, but it's dangerous because we could drop at any moment as well, so we should be a lot more careful. I believe that things have not calmed down just yet, and with what we have right now, it will definitely be something that will take some time to return to normal prices again, I mean higher prices.

I don't underestimate the Asian markets, but I think that the purchasing power is still much stronger in the west, although it is obvious that people in countries with a lower standard are far more interested in Bitcoin. According to some research, Vietnam, the Philippines and India are in the top 5 countries according to the global adoption index, but at the same time, from time to time we get bad news from India about how they want to ban cryptocurrencies or increase already high taxes.


I would say that it is quite unrealistic to expect that China will change its attitude towards Bitcoin, but it does not surprise me that this attitude can change when it comes to some other forms of crypto assets. Absolute control has always been China's first priority, and they certainly cannot achieve that when it comes to Bitcoin. In addition, a complete change of policy towards the entire sector would mean that they admit that they were wrong, and the communists avoid that at all costs.

I myself am an Asian, judging from the adoption, the increase is quite significant, but it is true that the money entering the stock is still relatively small compared to the West, India is indeed quite serious about limiting cryptocurrencies with taxes so that crypto investors have shrunk a little.

That's how China has recently been with its founding, the previous prohibition of mining and crypto transactions made miners depressed, indeed China is very thick with its communist pattern which wants to control all of its people's activities.
I think not only NFT they are still focused on developing their CBDC which also uses blockchain technology.
I hope that with time the Chinese government can lift the ban.


Btw today Bitcoin is back to $23k after yesterday's correction, can the 200WMA level be touched by bitcoin at the end of this month?

Having the confidence to say that we are no longer in the bear market is all we need, we do not even need to be out of it really, we could be still in it, but if the market gave us enough confidence to say we are not, that is more than enough. It allows us to do as much as we possibly can with the price we have, and even though there will be some sellers, this confidence will bring in more buyers eventually.

What we need now is to keep this high confidence going, if we lose it tomorrow then it means nothing, but if we keep it going for another month then it could be start of a bull run that could take us much higher to 30k+ even 40k+ eventually, as long as it stays like this, it will go up.

Beware your faith in the bull market will be tested three times before the sunrise :P    This move right now I could easily predict as being seen as a false dawn as little as a month from now.   I think its start of something but dont jump from one side of the boat to another, its easy to lose balance that way and give up just we finally make proper progress.  Usually BTC shakes itself back and forth many times trying to get people to let go before it really moves, just got to remember its a totally volatile asset that isnt going to do just what we want.
   I reckon alot of sellers occur in the 20k prices and it might be enough that we see the teens again not sure yet.

Hopefully. Indeed the market price crossed the lines which causes confusion to hether we are already done with the dumps or still at risk for a market downfall. Well, on my end, I do still see tendencies that the market price will still fall. Why? That is just how this market works; volatility. We do not even know what is the exact reason of the pump recently and that is enough for me to believe that anything could still pull its price down again. Much better than to create unrealistic ideas about this industry again. Also, it is still early and the year has just began. But even so, I am glad there is a recovery after months of red market marks since last year.

Better make yourself that prepared for whatever things that might happen ahead.This is the key that you should be having on your mind so that you wont really be that much impulsive on how things should really be doing considering about this unpredictable market.We cant be sure if the bear market is over or really just still lying ahead, there's no way to point out on what would be the condition would be.For now we can make out some positioning to assure off our entry in regarding with our buys but its really that mind boggling if the market would be heading up towards 25k or would really be still playing around sub par 20k price.
Its hard to determine honestly but we cant really just let ourselves waiting up on something which isnt really that even assured.

I hope too that the worst for the crypto is already over and we never see the events like ftx crash ever again. No other exchange should scam and we could believe that we are heading towards the bull season.

For sure, the bitcoin movement cannot be is a straight upward line. There will be up and downs in price movement but the overall thread should be in upward direction.

The FTX case is slowly disappearing even though investors are still crying because they have lost their money, now we should hope positively that 2023 is a recovery year to reach prices that can skyrocket again, and the big news that will happen soon is that many countries will soon accept bitcoin so that the number of users increases so that automatically will automatically make bitcoin more actively used.

it seems like me too and I still have confidence in economic analysts about the world economic situation in 2023, which shows that it is still in a crisis situation and it doesn't appear that there will be any change until maybe the first quarter of this year, so I totally agree with you that there is no thought that it is indeed a bear market situation has passed and started to enter the bull market. it seems that what is expected at this time is that the crisis that is feared will indeed pass soon and can be controlled by many countries.
it seems that in 2023 no surprises can make a difference, so there will be significant changes to bitcoin.

I hope this is true at least if bitcoin back to a bull market again we are gonna see altcoin season and maybe we are all gonna see green portfolio again. but in the other hand bitcoin need to retest at 20K and must be bounce back at that position so we can really see bull season

Not on the position to conclude what the market will offer in the next following weeks, but I understand your concern, it's better to be prepared just in case you can't avoid what will be the next market run and you already have your assets, either to keep buying or just hold and let the market move accordingly as long as you already set your target and you are convince that the market will soon favor your position.

Better to be calm and just wait if you will be able to anticipate the right direction and be rewarded from your investment.

How do you know that big news will come in the near future which is likely to affect the price of Bitcoin? Because good news for Bitcoin is always there, but I haven't heard about the big news that you mean so I'm a little surprised when you say it like that. In terms of recovery, I believe that at the beginning of this year Bitcoin is indeed recovering, but I still don't think that the level of recovery that is happening can immediately become bigger.

Yes, this is also what I'm seeing here back in 2019 when we are still in the beginning of the year if I'm not mistaken, there was huge spike. But that time it was said that the spike was brought by 3 big whales who collude to push the price up. After that the price did go down again.

Perhaps this might be the case here this 2023, just like what we are seeing, the price suddenly goes to $23k and not stopping.

And probably the ceiling will be $25k before we might go for a correction.

Painful to admit as it may be, this is also how I see this. Can't dismiss that the sell walls are down... We were, after all, trading below the old ATH for a really long time and that has never happened before so we could still see this line hold as extreme support. But on the other hand, sellers only get exhausted for so long and this could just be a correction before we see long term sentiment and general economic outlook begin their sustained pressures.

All that, nevertheless, cannot fight eventual supply pressure from halving in just over a year.

The market is always unpredictable, when we hope too much that the price will continue to rise but sometimes the price drops significantly, but if there are no big issues like LUNA or FTX I'm sure the price of bitcoin will continue to rise because user demand is very high especially more and more companies are serious about it developing bitcoins.

However, did the first market pumps after a bear market not always begin in Asia before the western countries and everyone else began to notice what was really happening? Was this not always what occured in the past? I speculate that it might not be much different when the next bull market arrives again.

The storyline might again be people from Asia will be the first to arrive and the westerners will be the last with much of them again the people who will be dumped on.

Yes, no more dumping in this season because there are some signs the crypto market price is displaying that is making traders to feel the bearish market is over. The bearish market is still still on in the market but the price will not decrease more than $23,232 before it will increase higher for the traders to have full confident that the bullish will definitely appear before the end of next sixth month. Based on the crypto market news this morning, showed that there is still hope for those that missed last year opportunity, to use this precious time to buy Bitcoin and hold for the bullish to takeover the market before they can sell to make something good.

LUNA and FTX events as well as previous cases and do not rule out what will happen in the future with other cases, is a phenomenon that will continue to be one of many that will affect the crypto price situation because it triggers the fear that occurs from investors to refrain from trading temporarily time until the situation was under control again. but this incident will never stop and will continue to be repeated and will be part of the development of crypto itself, it's just a matter of how to anticipate this situation so that it doesn't drag on too late.
I am sure with you, that bitcoin will continue to increase because the demand is indeed quite high and the availability is indeed limited and many need it resulting in an economic law to occur, where a lot of demand but little availability will result in an increase in price.

The price today slipped from holding weekly and 2 day to only just about holding onto the weekly.  Losing 2 day average despite the higher prices recently is a sign we can lose momentum and reset back to the lower 20k's before we try the higher end of the 20k range.   25k seems to be quite pivotal for now and we've slowed dramatically the gradient by which we are gaining.
   Right over head of us, not quite a ceiling touch but close by are much longer term measures like the yearly 50 week average and the 200 week both of which are descending and are fair warning we should not remember the overall market needs more time then just traders do to recover and turn around.

Although Bitcoin is bullish in the long-term outlook, it's still too early to say the bear market has ended, the year just started. The MA crossing you relied upon can fail as it did many times in the past, so there is nothing affirmative yet. However, the trendline is a more reliable guide in this condition, but my weekly chart looks so different from yours as you can see below. My weekly trendline has dotted the same levels you claimed, and it's showing that the trendline was broken since last year October and has remained above the level till now.

https://i.imgur.com/uW3D8JN.png

I Hope it is the end of the bear market it has been going on too long and was starting to get to me despite trying my best to remain positive. Seeing some of my investment recover has been nice I just hope I do not have to go through what we went through the last 6 months because it has been difficult.

I will not agree that we are out of bearish market until we have to reach june 2023, because their is every tendency that Bitcoin can rise today and fall tomorrow as i started previously in another thread as i stated. But i believe that Bitcoin if the bond is strong i will not say we are out of the bearish market

I won't hastily say we're out of the woods right now even with all the rally going on with Bitcoin price. I think it's too early to preempt the market. The breakout in the weekly chart OP put out here could also retrace and then wipe out accords with high leverage (for those on Futures trade) as it's quite expected for price to retest its breakout position before moving on. It's a given that Bitcoin will do well this year but I expect that to come up in the last quarters of this year, not now. What I see now is that the party seems to have started too early and that's a bull trap if you asked me.

I also think it's too early to say that we have entered a bull run phase, but there are actually a lot of signs of that. Bitcoin, for example, has been rising for over a month. Some of the altcoins have already shown great growth. Some are near resistance and should start to show growth soon as well. So we do have signs of a new rally.

I've seen this theory more than once. Also I was not convinced we're out of bear market yet.
However, we've already had some attempts for correction/bring the price back down, rather weak and rather short lived. The upwards trend seems to be pretty powerful and I start to believe that OP was indeed right.

To play Devil's Advocate, the price may not be out of "a bearish cycle", but there are indicators that Bitcoin might go out of it soon, fundamental indicators.

https://cdn.imgchest.com/files/k46aczmeg7z.jpeg

HODLers are increasing, which also indicates that the sellers unburdening themselves from their "heavy loads" are absorbed by long term investors who are buying the DIP the sellers are causing. Those who are buying the DIPs during the bear cycle are the same people who are front-running everyone during the bull cycle.

Yes, if there is something that we learn from history, is that we are still in the bear cycle even if we see this price increasing right now. I also think that this upward trend is for real, not a bear trap or something. Best case scenario is to top $30,000, and that will mean x2 of the lowest low.

And earlier I saw the price going above $24,000 and then we have some minor corrections to $23,800. Nevertheless this is just the first attempt, so I wouldn't be surprised to see second and third attempt before we surpassed $24,000 and then maintained it and go for the next big barrier of $25,000.

Yep, that's correct. The fact that I start to agree with OP doesn't means that "tomorrow" we'll touch again the last ATH, nor that there won't be corrections, no.
The only news is that going under 15500 is becoming unlikely from now on.

I think we are out of the bear market but the bears can always come back and take over but currently I would say we are seeing a correction from the bear market back up to a more normal level. I do not think it will reach the ath but I do think a correction of around $25000 is going to happen. We have broken the resistance and we will probably settle around the $25000 price for the next couple of months. Bears will only take over again and push it down if there is further bad news this year.

The bear market that occurred throughout 2022 made many frustrated and panic so that it sells with losses, now slowly the market starts rising and if we count an increase of more than 40%, this makes us have to be sure and no more panic for long -term holders, And I plan to hold Hold at least up to a year or more.

I hope you don't get frustrated and panic and sell your bitcoins ;D.

But it's true that that's what happened to many people because they weren't ready to see the decline happening to bitcoin. And those who can hold their bitcoins and not panic can now start smiling because slowly, their bitcoins have started to show what percentage of their profit level. And some people want to buy more bitcoins while the price is still not high.

https://i.ibb.co/6syYKfv/4-A71-BDC8-B1-B5-4-CA1-B23-E-377619764010.jpg (https://ibb.co/6syYKfv)
According to Fear & Greed Index the purchasing part outweighs. This index has always shown me the truth if the index is at these levels i will continue to buy and after 80% i will start selling in parts. There is also an increase in the number of hodls.

I think it's too early to say the bear market is over. There is some movement in altcoins but first Bitcoin needs to rise enough. I think that after going from 16k to 40k altcoins will reach the desired values ​​and then I can say bye to the bear market.

If anyone thinks that they will panic sell their assets in an highly volatile market, then it is better not to enter as they wont be making any profit in the cryptocurrency space  :D. You cannot expect 40% increase in this market situation, you need to be patient enough to hold for the long term atleast till the next halving for you to see any major rally in the price.

Bitcoin has been rising well enough lately, even today BTC successfully passed $24k. If you think BTC should rise enough, IMO it already rises enough. Or what price to be achieved, to call "rise enough"? Does BTC reach $40k to conclude that BTC has risen enough? I don't think so, mate. However, I agree that it is too early claiming the bearish ended already. We are still far from $68k/$69k (ATH), while the current price is still around $23k. It is obvious that we aren't in the bullrun season yet.

Honestly, if this momentum that we have seen these past few days were in the last quarters of this year I would've concluded that the bull was upon us. This is because I know that every last quarters of pre-halving year is often green for Bitcoin. It's the same with the halving and post halving years. This one starting this early still casts a shadow. The downward retracement may not be strong but I still believe up isn't yet the way to go at the moment.

Maybe the trend has broken up, or perhaps in this 1st quarter we will have green followed by a couple of quarters of retracement and corrections. Nevertheless, it's good to see the price picking up at the start of the year.

And maybe we can see goodbye bear market, or at least we are not going to see lower lows again before the bull run.

So let's wait for the last quarter pre halving run it could happen again or not. But what's important is that we keep on building our portfolio and accumulating Bitcoin for the long run.

That's the absolute! There's this saying that the bears make money, the bulls make money; only the hogs get slaughtered. Professional traders don't really get bothered about the market once there's volatility. Whether price goes up or slides down, it's not a bother to them. Traders who've the set skills know when to make entries or exit the market.

Even though bitcoin has managed to pass $ 24k, the correction finally came again and made bitcoin at $ 23k until now. But it's only temporary and we will see the next rally, although we don't know if it will be a long rally which will make the price increase immediately or if it will just be a slow rally which will make the price increase little by little. The bull run season is yet to come and the market is still in a bearish season even though the prices have managed to move up a bit. But don't worry, the bearish season will surely pass and be replaced by a bullish season.

indeed for professional traders, bear or bull has become a necessity to seek profit,
but that is different from some other traders or most investors, I myself also feel the bitterness of this bear market,
in this bear market to be honest, it is very difficult for me to make a profit , even my portfolio was completely destroyed.
this is why we have to say good bye to the bear market.

I don't know how bad the reality is to counter analysis, but I'm sure this bear market hasn't been completely removed. Even though the price has now risen 36% in the last 30 days, there is still every possibility of it going lower. It might be good to expect $22K to be held as strong support for months from now, but it's still good to think about DCA as long as we're still at -66% since its last ATH.

It's still hard to break through $25K even though we've seen bitcoin actually cross $24K, but there's good hope of waiting for this $25K during February.

Fear and greed index has always been a bad guideline for when we should buy or sell. Similar to RSI if it says it is in greed, this implies that bitcoin is overbought and if it tells us that the index is in fear, bitcoin is really oversold. Look at the date when you shared the index and also look at when bitcoin began dumping. It is on the same date hehe.

At this point people will pleasantly believe that we are out of bearish market, And those set of people does make use of chart to examine the gravity of Bitcoin ratio of increment. I will not support the motion that we are out of bearish market, because i know too well that the market of cryptocurrency is unpredictable. So many people will conclude that we are out of the bearish market due to the little increment we experience early January, but it's obvious that Bitcoin regulations in price can occur negatively now and within some minutes it reverse to be positive.

People will become gods when the market becomes bullish and they speak as if the world belongs to them, they speak pearls of wisdom from their mouths to sway one another, whether this is bearish or bullish cannot be determined with such assumptions. But I think I agree with you because the recent price volatility is quite strange and quite extreme in my opinion, it seems that we haven't really been able to stay away from the bear phase in Q1 even though there has been a slight increase in bitcoin and altcoins.

All of the positivity and all of the confidence would really be seen for most people and telling that this is the start of the bull run on for some all time highs without even trying out to be realistic that this isnt how this market behaves or works.
Well its not surprising to have  these kind of impulsive approach and reactions on the time that we are seeing greens but exaggerating it too much is never been that appealing nor good.
It would really be creating that expectation and anticipation that it would surely happen and on the time that it did failed your expectation then you are really that ending up on getting annoyed or
disappointed.Therefore, further discouragement and stress would be there so its not really that ideal to have this kind of mindset.

The size of the bear market is of course different, I think if we compare it with the price at the end of 2021 of course it's still a bear market now, we don't say a bear market if the price is close to the last ATH, but I'm optimistic that bitcoin will continue to shine and this year hopefully it can make an new ATH gain.

I was very pleased to see the price increase at the beginning of the year after the dumping market ended. It seemed that the Bitcoin market would soon go higher and those of us who had invested in the higher market would recover our investments. But lately the market is going down again. In this our invested portfolio started to decline again.
We are back at the Bear Market. I can tell we are not in a bull market by the way the market has been going down lately. Maybe we are sinking into a bear market again.
Yes, we must wait until our investment recovers. If you have to wait for a long time for this, you will have to do so. But we hope to recover very soon.

Perhaps after price rises since the beginning of this year, a correction is now taking place. But I am worried about the US policy on cryptocurrencies. It is because of the US that we are now seeing price declines. Some coins are even back to where they were before the pump. I hope this will recover soon, because the beginning of the year reminded me of a trend reversal.

What policy do you mean. Are you referring to the banning of staking on some crypto platforms? Well yeah that could have a domino effect to the price of the cryptos and maybe that is the reason why we are seeing a decline right now because maybe the bill have already passed and banning have already started but we should calm down because I believe that there is still a chance for the price to recover again. Remember the times where crypto is also banned in other countries? And I think that one is much worse than this but we see how the price fought and still achieve their new all time highs. Cryptos are still going to be unstoppable.

February makes me doubt whether it will rise or not, after reaching a satisfactory trend in January then slowly starting to decline again in February, maybe we can't say the bear market is over yet, but as an investor who thinks positively, the current decline is a good opportunity great to buy more and for less.

@Lucius. These types of developments in Asia was what I was trying to tell you. The Asian market is beginning to open and adopt the cryptospace again while everything is trading very slowly on low prices. In America, they have only begun to create stricter laws and control how much liquidity goes in the cryptospace. I reckon by the time America has opened up, it might be close to a new all time high where it might be the correct time for Asia to dump hehe.



DBS Group Holdings has unveiled its plan to expand its services in Hong Kong. The Straits Times reported Monday that the bank plans to apply for a license to offer crypto trading services to Hong Kong customers. Headquartered and listed in Singapore, DBS is the largest bank in Southeast Asia with a presence in 18 markets.

Read in full https://news.bitcoin.com/southeast-asias-largest-bank-dbs-unveils-plan-to-expand-crypto-services-in-hong-kong/

Thanks for this, yeah, I also believed that Asia is the one pushing the market in this bear market. I was just observing that when the market is open is Asia's time somewhat the price is going uptick.

And now that we have seen the price going to $24k again and the Asian market is about to open in the next 2 hours or at least traders and speculators are, I expect that price to continue to go up and maybe hit mid $24k again and hit highest high like $24,500++, the biggest price that we have seen since this sort of mini bull run.

@Jating. Here is another news update from Asia and it is another one in Hong Kong hehehe. I am beginning to speculate that China will open up again, however, this time it might only be through Hong Kong then slowly open Shanghai.

Another country to observe where billions will come from is Dubai and maybe also the countries around the the middle east. Dubai has started welcoming Defi and Web3 projects to continue development in their jurisdiction.



Interactive Brokers (IBKR) has begun offering cryptocurrency trading to professional investors in Hong Kong in partnership with crypto exchange OSL Digital Securities.

Eligible clients include individuals with over 8 million Hong Kong dollars (US$1 million) in investable assets and institutions with over 40 million Hong Kong dollars ($5 million).

Interactive Brokers and OSL's aim is to allow clients to invest in bitcoin (BTC) and ether (ETH) via a single platform alongside stock, options, futures, bonds and so on.

Source https://www.coindesk.com/business/2023/02/15/interactive-brokers-rolls-out-btc-eth-trading-to-professional-investors-in-hong-kong/

And my speculation is true then, we have seen the price going as high as $24,650 in some exchanged, so it's good enough for me. We might hit weekend that might slow down the growth. But hopefully we can be just staying in this upper bound price so that next week $25k will be in the horizon.

It's going to be a big retest for us, because of we pass this test, then $30k is going to be easy, in my opinion.

So let's hope that the bulls are going to make a push for this month.

That's a big test for Bitcoin to break. It's not the current ATH, so I think it will not be hard to break that price as long as we are in a bullish mode already. We've seen Bitcoin dump in the past few days after it had a little bullish run, but now it's a new price, the highest this year already, so I would understand if it does excite us.

We can only hope that the bear market is over because, in the bull run, even if we were not able to accumulate during the bear market, I'm pretty sure that there are still plenty of opportunities to make money ahead.

You are correct! The retest has presently started already. There is also a weakening of the pump. I have not looked at cryptocoin charts many times since the beginning of the bubble pop, however, the RSI and the price have shown a bearish divergence since the first week of February.

I speculate this retest might show the opposite where bitcoin might create a higher low and RSI will create a lower low. A bullish divergence hehehe.

https://i.ibb.co/q50hjNX/FAC55751-CC5-F-496-F-B1-AA-B307-ACD4-C064.jpg

If there's a continuous market movement and bull will dominate the market then yes, there's always a good chance to earn from the market, it's more on how you understand the situation and how you believe that you can make some decent when buying and holding your asset till it brings you decent amount of expected profits.

Keep in mind that it's your assessment and observation that will bring you the opportunity to earn while investing in this industry.

And quick as we go to higher highs of $25k yesterday, the dump that follow forcing the bears to retreat and we retest $23,600 again. But still good though, after the retest, we are back to $24k and above. So it might take some time again to see $25k, as this is the biggest barrier to break and maintain.

So we will see if the divergence will create a lower low, but it seems not going to happen at least at the end of the week. $25k is too weak though, we need more momentum if we wanted to stay on that price or reach higher this February. Still very exciting month maybe another green candle again.

You're right $25K is too weak right now. I'm not sure why $25K didn't last for more than 24 hours, but either way the selling pressure and traders panicking to take profits gave us a correction afterward. But I don't know what momentum you're talking about, it should be interesting to know that investment interest in 2023 has good and has left the bear market behind for a recovery.

The cash inflows in the last 24 hours still appear to be down based on my monitoring on multiple exchanges, so this is evidence that there is some high selling pressure since the $25K was broken.

With the way things are now, I am pretty sure that we are not in the bear market right now. People think that it should be 60k+ before we are out of the bear market because we fell down, but as long as we are not in a red market that means we are not in the bear market.

Considering the huge amount of money that is going into bitcoin lately and the way we quickly go up, it is a proof that we are no longer in the bear market anymore and we should be quite happy with the way it is right now. I know it is not going to be as simple as just "hey forget about the year and a half long bear market and be happy" because that takes time, but reality doesn't wait for you.

That means higher low could get it higher in the next run. I know that it is going to be something to wait for, but if we stay at above 23k, that means the next time we have an increase like this, reaching above 25k would be easier, and eventually if we fail that too, we are going to have even higher low and keep doing that until we are just right at the door of 25k and reject going down, which would be awesome for all of us.

I know it is not that easy to make these kind of predictions and charts are not always right, but that is what we have to face in order to accept the future, that's just how awesome our future looks and there is nothing to worry about getting a little hyped.

Its bad luck to say such things, everything is possible always when BTC has this much volatility dont upset the gods of luck that roll the dice on these things.
  We do have a negative trend right now short term but I hope it will resolve upwards without too much go around.

https://talkimg.com/images/2023/06/12/AEz93.png

Volume occurring with the positive action, in theory we should bear well entering into next week.   There is more then just this slight trend, also the weight of some yearly averages, however thats an estimate of momentum perhaps not actual resistance.    Apprehension and selling is likely to reappear all the way through 20k to 30k but it'd be good to see the repeat attempts, higher lows etc.

Not bye bye yet. The resistance at the top of the bottom range of the market is at $25k. Bear market ain't over until it breaks through that and shoots past $26k and up.

There's also the possibility that even if it does break out of the bottom soon and the bear market ends there could be more nasty stupid SEC attacks on crypto in the coming weeks that could knock the price back down to this $24k/25k level.

@thecodebear. You might be correct because if the speculation that Asia is presently pumping bitcoin from the bottom, the Asian traders might be rotating their trades to other coins. However, the altcoins that they might be rotating to might not be the common altcoins where the American and European traders rotate to. If you check the coins in Kucoin, presently the coins that are pumping more than 10% in 24 hours are projects that were created in China, Singapore and Vietnam.

In any case, for the people from Asia, how is the economy in your country? Is it slowing down similar to the economies of Europe and America? If it is not, then I am more certain on the speculation that Asia will begin the bull market and America and Europe will catch the bubble pop hehehehe.

Currently the price is around $24500, and I think we are still in a bear market, if we compare it to the ATH that has happened the price is $24500 around 38%, but the achievements in 2023 make us have to be optimistic that 2023 can be better than 2022, it is natural that many those who dare to speculate that this year can create new ATH again so we have to invest and hold until the price passes ATH in 2021.

If you are still not entirely sure about being out of the bear market or not, just look at the movements not the price. Sure the price is high, but it could drop any moment, that's not the reason we are out of the bear market. What's the movement? It's up first then down but then up again. That means we go up, and if we ever go down, we quickly recover and go back up.

It was 24.5k, then dropped, and went back to 24.5k within a few days at most, maybe in 24 hours or 48 hours, which is very quick. That tells us that we are no longer dropping, back in bear market it would be down first then a bit up and down again, because the movement was bear, but now it's not bear anymore.

It was that quick recovery what finally convinced me that we were out of the bear market already, as that kind of quick recovery is very unlikely to happen when the market is bearish and instead is a sign that the bulls are back, now this does not mean I expect a dramatic growth in the price of bitcoin during the rest of the year, but at least things are not going to be as bad as they were during 2022 and it is very unlikely we are going to see yet another bottom.

Unfortunately there is a big retest in the last 24 hours, bitcoin is down 2-3%. And this still validates that we are still the bear market. And that this increased in price is just what it is, no push or momentum to $25k

I think though as we are getting closer to the halving, the market might improved a bit this year.

But the best is yet to come when we can really say bye bye bear market and that is after the block halving.

If you speculate like that, in my opinion it is a little exaggerated because the current price of Bitcoin is still very far from the ATH that was created on Bitcoin in 2021. And personally I am also still very optimistic about Bitcoin which will be better this year than the previous year, but I don't think that a new ATH will be created easily this year considering the current state of the Bitcoin price. So hoping for something more realistic this year is much better than expecting things that are too big but may not necessarily arrive this year.

Those which desire to get a new all time high during this year are letting their feelings to take over their ability to reason, a new all time high cannot be reached until the halving has already passed, and since this is not the case then we must simply accept the price of bitcoin will not reach those levels, however not all is lost, bitcoin is hovering near the 24k level and it seems we are going to remain there for a long time, giving a great buying opportunity to those willing to hold their coins for that long.

Momentum to $25K took a very short time to get there and now it's a correction at the bottom of $24K and this is actually the same as in January trying to break above the level and now it's the same maybe a few weeks it will be like but most likely we will see above $25K as a support point.

The difference between the year before and now is still not the time to say because this is only in the early phase of the year and the first quarter is not over yet but if you look at it it is indeed better than before and we also cannot conclude goodbye to the bear market because the current situation is really unpredictable but at least for the lead up to the halving many investors are confident to hold their bitcoins.

The top action does appear to be confirming as a short term top.   The greater the touches of a trend line the more likely  its correct and to be respected in resolution is a fair rule and its probably done as much now.
https://talkimg.com/images/2023/06/12/AEPbf.png

I do think this is a lesser time frame movement so not as important and wider moves over a greater time but of course nobody likes to see the move up fail.  It did look like 30k might have been possible but for this month 25k is probably it and we need to check support and levels below in a rough range fencing in BTC price as it turns arounds its previous negative trend over months.

The fact is that currently the bitcoin price is being corrected to the price of $ 23k after a few days ago bitcoin managed to reach the $ 25k area and it seems that right now there is not enough strength to break $ 25k so there is still a possibility that the bitcoin price will fall back to the $ 20k level, seeing the difficulty that bitcoin is experiencing to break $25k then I would not say that the bear market is over because there is still a possibility if this correction will last a long time until the bitcoin halving event occurs and after that happens then only then will we see a real bull market .

25k is a strong resistance that bitcoin has not been able to break for the first time. If this repeats a few more times and bitcoin don't gets above 25k, we will probably see another drop, maybe even to the old bottom. By the way, the situation of stock markets around the world does not give hope that we will see good growth.

Bitcoin has passed $25K during February, but a correction is inevitable. At the moment we are only away $2K from $25K, certainly not that far but hard to stay above $25K when a lot of traders and the market tends to sell a lot instead of holding it. Several attempts to hit $25K also failed in the last few days, but that doesn't really indicate a deeper correction like you said.

For the time being, I don't think the price will correct further just because bitcoin failed to hold above $25K, but a small correction is always possible due to the influence of high selling among traders in the market.

Right now the price is around $23k and trying to keep up the resistance to stay above $23k by the falling week. The price that wasn't able to be above $25k dropped down all the way undergoing correction and reached $23k. Based on the upcoming week's start only we'll know whether this gets maintained or we gonna undergo further correction as selling is high from the traders.

I'm looking for the first 2 weeks of March to have a recovery, it's either $25k or we are going to fall back to $20k.

Either case still very good movement though, if we hit $25k then we might to go $30k. But it is goes down to at least $20k, time to buy again and keep accumulating BTC, so still a win win situation for us. And by any case, we shouldn't think that we are in a bull season, bears are still in the market and will do anything to pull the price. Not manipulation per se, but they wanted to buy when the price is low on pushing the market to make a huge correction. So still up to us on how we are going to play.

I quite agree with you on the barrier now poised by $25k, it's surely a level to be watchful of as its breaching might make the coin reach $30k speedily. But a failure to do that and the coin tarrying below the level for too long might slip it back to below $20k.

Bitcoin now follows the right market psychology, and I believe that the sentiments of the market are not as strong enough to breach above $25K which might be an issue if it continues as the market will interpret it as the unwillingness of buyers to purchase further, and the sellers would take the advantage.

I think $25,000 as other have said, is the resistance, if we can get over that price then yeah, $30.000 is possible. But there seems to be some selling pressure in the market. So maybe we have gotten to the point wherein we are somewhat exhausted and there is a feeling that if the price will go to $25,000 or higher there should be some positive news that we need to see first. So for March, if there is some news, then yes, the price will shoot up. But in absence of it, maybe we will just trade sideways for the whole month, IMHO.

Good reaction to nearing 50 day average, we are up nicely today and also regain the weekly average.   So long as BTC price action stays above the 50 day I remain positive but only above the weekly average do I think we trend especially positively.  YTD BTC has acted well alongside wider markets also being quite positive and readjusting to greater positivity vs FED policy.   BTC lows of late Feb were roughly a monthly average.
   Many speculate markets have over compensated and will sell off again but nothing that severe is apparent just yet.  Ideally we want the inverse DXY to top out and restart a decline.  BTC closing 23.5k and continuing to confirm above would be ideal.

actually was able to pass $ 25K, but not for too long and the price went down again, this really indicates that it doesn't have the strength that bitcoin has, to be able to continue to be at a price above $ 25K. it is possible that if you stay at that price for a long time it is not impossible that the price will continue to increase.
it could be like you said, it is indeed proven that there will be a decline again and it could be deeper than at this time or return to the same as last year. I'm just connecting with the world economic crisis situation which has not seen any change so far.

No problem that Bitcoin still can't maintain $25k, it is normal there are corrections before it really moves above $25k. It is still March, we are still in Q1 of 2023. I think Bitcoin price begins to move above $25k in Q2 of this year, so just be patient to wait for the corrections for a few weeks. At least, the price of Bitcoin can stay above $20k now, it is much better than in Q4 of 2022.

I don't think there will be another huge dump as in 2022, the price looks like to stay above $20k. Until now, Bitcoin price is struggling around $22k - $23k, seems unlikely to drop below $20k.

We don't need to panic from the current correction low, before also said that bitcoin will hardly reach 20k again but it finally did in early 2023, so right now it's just market resistance after a 40% increase and maybe Q2 we will see a significant increase in price based on market recovery this year.

Opportunity for price increase is very large ahead of the halving, we will see bullish coming soon in Q3 or the end of the year, hoping for a recovery high above 40k to be achieved until the end of the year.

We any not see a 20k price again anytime shortly even though Bitcoin market behaviour showed a lot of instability and volatility, the price of Bitcoin has relied on and resisted a significant pullback in the last few days where the bear market always forces the price to melt below 25k price after multiple attempts to stay at that price benchmark.

-There is no gain in saying the fact that we will see a lot of. Marker stability around the 22k-23k price range but that will not stop the possibility of the price not scaling above that price or melting back below 22k, but we will see more bull attempts compared to a bear market.

January, of course, everyone agrees that the bull run will happen soon and we will leave the bear market soon, unfortunately since the beginning of February the price has continued to decline and makes us have to be patient, in my opinion the best thing to profit in cryptocurrencies even in a bear market is to always be patient to hold, don't be easy panic to sell because it will make us regret it.

Exactly, selling during this period is unpreferable and risky to be honest and it is unexpected to see a bear run in next weeks. In my opinion, this volatility will continue and the price will not hit $30K until next month. If you have an acceptable amount of stable coin, it would be definitely fruitful to purchase Bitcoin within this month. At the same time, you must have a Plan B and maybe C to avoid the risk of loss for the reason that this market is unpredictable and the sudden events always occurs. Hopefully, the whole market will pump significantly in next few months despite it is not that easy to be achieved. Everything is dependent to whale’s plans and decisions, they are literally capable to pump and dump the market wherever they want to.

Its not a bear market right now, we havent pulled nearly half enough to negate the gains since year start.   You will get thrown from the horse if you let every bump in the road upset you like this, tough luck this is how BTC is and it will decline in this way or even greater even during a period of good gains.   
Today is volatile movement but its not failed yet to keep the 27k area so yet again its remained within range of the same prices seen for last couple of months.   We just doing loops, cant be labelled negative while in summary we go sideways.

We are still above $27k and so the correction might have slow down a bit and then we will resort to going sideways, that's what the pattern has been. Until such time that we will have a break out run. And if that happens we go do to $28k-$29k.

So far nothing to worry, the support has been holding and we still have that $25k if we fail the price at this levels. For sure we have an idea on what just happen, in the last week or so, bitcoin transactions are so expensive and it might have turn off some investors.

I am absolutely agree with you, i also Couldn't think bear market end. Bull market started but bear will come anytime i think. At Any moment bear could be come. Right now market huge Down. I think we have to wait more time for real bull market. I think when bitcoin price will stable avabe $30k then bull market will start gradually i think. Some times up and some times down is not counted as bull or bear market i think.

I agree that bear market is over because because bitcoin is still above 20k$ that is still a high price than 10k$ so for me bitcoin is in bulk market but there is always a correction on the price that is why we can still saw it falling down this time from 30k$ to 26k$ buying is good this time before its too late.

Nobody can't tell the price was taking bullish steps-by-steps before, even now too the price is not bad to call it bear, Many speculate markets have over compensated and will sell off again but nothing that severe is apparent just yet.  Ideally we want the inverse DXY to top out and restart a decline.  BTC maybe closing $25k and continuing to confirm above would be ideal. In my opinion, this volatility will continue and the price will not hit $30K until or it's might hit $30k before next month. The market is unpredictable and the sudden events always occurs.

Yes, not sure though how we can define severe, maybe it we go or hit another bottom. But in any case, market is still very strong at $27k and even if it hits $25k I think we will be ok unless there is another negative news to pull the price even further.

Although if we look at technical analysis, from what I read the bears might take over the market. But we will see, we know how volatile the market is, and it's very unpredictable as there are factors that we can't simply measure, like what we are seeing, fees are going up and everyone is complaining. And I think it's one reason why we see some sell-off, I reckon.

Another decline today brings us closer to precipice, we will we tip into negative or are we just exploring the full range of prices observed for months now.   Quite notable on the lower boundaries of this 'upper range' area is the  200 week average (https://talkimg.com/images/2023/06/12/ANhKZ.png) which is an extremely long term measure for BTC and always it is rising but we have fallen below that measure for quite some time due to the extreme decline of 2022.   This would be the marker for me negative or positive, if we dont maintain this average roughly as guidance of BTC progress long term then its time to recognize larger challenges then previously thought in this year and maybe next.

Looking at the big picture, bitcoin is in bull phase as it is making higher highs. A small or big pump or dump in Bitcoin prices should not lead us to think that bitcoin has entered in bear phase or in a bull phase.

If we see the price action at weekly time frame, the situation will be very clear and we will not panic or fomo. Mark the key levels and you will never fomo or fear by looking at the charts.

The price of bitcoin is now in a perplexing phase. Nobody can predict whether or not there will be a significant drop in the price of bitcoin. In any case, the price of bitcoin is still in a correctional phase. No need to worry.
For the past week, the price of bitcoin has been circling about $26k–$28k +. I want to see it drop to the previous $30k pricing.

This is true that bear market cannot be completely written off and I think whenever the market downs so it never seems to be the start of bear market because it can be a temporary action other thing is that now again the bitcoin is somewhat down so we cannot say that it will never come back to its position again that is nice for its holders.

The price of bitcoin has reached to 30k so it does not indicate that Bull season is on the way because it persists for some days and again goes to lower position than 30k$.  Therefore assumption about the market situation is easy but not always true so be careful about the present cost and make decision according to it.

the bear market is not over yet as the price continues to decline and is back below $30k, it looks like we have to be patient waiting for big changes in the market, but I believe that as long as there are no big cases like LUNA and FTX then a bull run will happen soon, it's better to focus on buying so we get profit when the price rising.

Lol we are not in bear market instead we are in a normal market with almost stable prices for weeks now the price of Bitcoin stays almost significantly daily.
so not because we are down from 30k meaning we are still bearishness .
but you are correct that we must continue buying , but LUNA? maybe best for FTX but luna? I'm afraid that there is a big future for this .
many here complains about bitcoin losing value from the recent ATH that valued 68k but they did not anticipate the price increase now from 16k last year.
there are  lots of things to be thankful than complaining .

I think it's time for us to forget cases like LUNA and FTX if we still want to focus on buying the best coins like Bitcoin at the current price. Because if you still believe in what is called bullrun, of course you don't need to hesitate to buy and hold it for a long time. At least until the market is really in a bullrun condition, but what makes me still wondering here is why you are still thinking about the LUNA case and linking it to the current market conditions.

What I sense mostly in market is that when you have this feeling that the bear is over then you would encounter more dip or even in a haste to make profits because they make does not obey your prediction or your proposed sequence rather depending on the total marker wave which is often occurred by some news across the globe. For an individual to get exact what will happen in the market is entirely not reliable or seems to be 100 percent guaranteed.

The Luna and FTX cases have been passed even bitcoin was able to reach $30K more but this is not related to the news only when it is a bear market so people often say that the case affects bitcoin but for me it is completely not like that there are other factors that determine where the price can move negatively or positively.

I don't even think the bullrun will come if the halving hasn't happened yet, but I'm not against the speculation of other people who say the bullrun will come this year because it's very reasonable because the price is still difficult to guess and only with speculators we hope it will happen.

After the halving, I would say the bullrun will come to become a real rally, but this process takes another year, so for the current year it is likely that the price will just recover but will not turn into a bullrun.

Dude, the bear market is over and you just have to admit it. Bitcoin has recovered better after briefly dipping to $15k during 2022, so with the price recovery breaking past $31k the bear market is truly over. Such an assumption is true even though currently the price of bitcoin has again experienced a correction to a new support level.

Of course, no one can be 100% sure, but as bitcoin has recovered and found higher resistance, the bear market has automatically ended. We are still at the $26k support at the moment. It seems to be going strong even in the last few days bitcoin has tested the $25k support. I believe traders' panic will lessen and the recovery process will continue to reach new resistance.

couple of weeks to go mate before its june so maybe we will see or we can decide and tell if we are already out of bear market and the bull is truly coming.
I want to wave Bye to Bear market as well because there is no best and relieving feeling seeing it go , but the problem here is that Bull cannot be seen any closer because the price is still stagnant to the price below 30k and still has a potential to drop below strong position of 26k .
you must not rely on your feeling instead best to believe in your understanding about the market , we are not here to believe in Miracle but instead we must learn how to trust the currency you are holding .

And as others have said, when you expect bitcoin to move in one direction, suddenly it goes down the opposite. And that could be what is happening in the market right now, although there could be parameters that might affect the price. Like what you are saying, when we thought that the bear market is over as we move past $30k, and thinking it could go higher, the price suddenly drops to $26k-$27k, in short it's hard to predict the movement as there could be factors unforeseen that could affect us. So it's not guaranteed, unless we are in 2024 already and have experience the block halving. For now, we are still in the middle of the bear market.

Although the Bitcoin market is currently down, Even then we have recovered from the bear market. But when the price of Bitcoin reached $15,000, we plunged into a full-blown bear market. Then when the Bitcoin market went from $15,000 to $31,000, we assumed the market was fully saturated. But yes, we will soon move on to the good after all. And very soon we will see a bull market. Those who have investments don't worry hold on to your investments we will be going to the moon very soon.

I would consider out that Bear market is over if we do able to break that 35k and below than that then i could still consider that we are still on a bear market but somewhat if you do see around on meme coins

market or area on which this is really getting some serious market volume if you do try to visit out which its mostly been generated on DEX and something couldnt be detected or determined with those
tracking sites that we do have like CMC or CG. Usually these platforms are already that too behind when it comes to numbers. Well, its not really having some point on making some arguments whether
this market is really already on the start of this bullish season because we are all hoping for the same thing.

It cant really be just avoided that people would really be thinking about things if we do make out some comparison in between those prices. We cant really
tell on when bull run kicks in but at least we are really seeing that recovery.

Seeing the price movement of Btc which is increasing slowly, I determine the point where the bear market has ended and we will see Bullish conditions in the months to come. Trust this to your chart improvement where if you see a pretty good pattern in the price swing movement that is better than earlier this year.

we are getting closer to Halving i believe market situation will be better and big whale is coming and btc price will be stronger this year.

Everyone needs patience and the key to success is belief and having a strong determination to endure in the long run. All will be beautiful in time we will see btc reach $50k again and hope to make new ATH this year or next year.

Yes, but I won’t say that we are still in a bear market phase. As Bitcoins are up in their prices compared to 2022. In 2022 we have seen worse things that we are seeing now, so comparatively we are in better state now. This price fall from 30k usd maybe just a price correction before big pump? Who knows anything can happen. But usually we have seen similar patterns when a big market upward trend comes. Currently Bitcoins are lying in 26k usd range, and I would treat it as an opportunity and will buy as many coins as I can here.

I think the price increase from $17k to $30k is a tremendous increase and could be an indication that the bear market is over. at the moment bitcoin is only struggling to break through $30k and the price drop that has occurred is also not a big price drop because so far the price of bitcoin has stabilized in the range of $27k - $29k. it is only a matter of time because there will be a time when bitcoin actually breaks through $30k and reaches a point that is higher than its current point.

You have to know the difference between ups and downs between each other. Not all increasing prices are the same, some are better and some are worse and this isn't even just about the level, like if the price goes up 2k, it could happen in two different times and could mean different things, its the same price to 2k higher, there is no difference on paper, but the meaning could be all different based on so many things. The same logic applies to going down as well. I believe that we are at a stage right now where this increase is not really a proper increase, its just a movement of the market, a regular day traders movement and nothing big. It is not at a bear level and not going down neither, but I would say this type of increase is not bull run start or anything like that yet neither.

27.5k or above today would show positive movement going forward.   Thats closing lows of May 9th to early May 11th and then resistance seen in most recent days.  If we now exceed those limits its a sign of positive action and ability to regain price points lost, if we make a new low however not just 4hr bars but daily etc.  then its more certain we are actually becoming more negative progressively.  So 25.8k is the lower boundary to these two paths to measure strength possibly indicate future BTC price direction better into next week.
   Rising from here and putting 27k below us to close this weekly bar and into next week will mean we are trading above the weekly average which is where I start to count BTC as acting positively.

Bitcoin has been moving between 25-30k for a long time. It is preparing a solid ground for itself at these prices. I think it will continue like this for a while. I cannot say whether the bear market is over or not because Bitcoin's price increase can occur very quickly.

I think these prices give us a buying opportunity. If the price drops further, I will say that it gives a buying opportunity again. We must make good use of these times.

The crypto bear market is far from over. Although the Bitcoin price is consolidated between $25k and $27k, one can not surely predict that the market is ready to pump. I think the market correction is not over yet, and the chances are that we might see a dip below $20k before the bull takes over. We might see some fake-out rallies in the coming months to attract more retail investors. Chances are that the market will pump once the BTC halving is over.

If this is true, then we might see more news from now and then of people having mixed emotions about their investments. As we all know, the price goes lower before it goes higher. It's basic, right? But the main question is how low can it go?

As OP said, it might see a dip below $20K still before the bull market takes over. The reason could be to take out the early investors with their stop loss. Those early investors whose convictions for BTC to go higher are the fake-out rallies that's why they might be taken out of their investments.

One key thing about this is we all agree on one thing. That BTC will get a new all-time high.

The bearish market conditions that occurred this year are no worse than what happened last year, which means that the current crypto market conditions are still much better than last year, so there is no need to worry about the bearish market remaining at this time because the rate of decline is still very slight and happens slowly, as does the increase.

If this is only expected for a while, then we all don't need to be afraid of this because the estimate for an increase in the price of Bitcoin is still there and is very possible. For now, I also don't think that the bearishness is over because the price of Bitcoin is still not approaching the $30K range, so we still need to wait for the next few months to see whether Bitcoin will increase slowly or experience another decline from the current price.

The opportunity to buy more is still there and actually has to be taken advantage of from the beginning of this month until now by using DCA. Because it will never be in vain for those who want to buy Bitcoin at low prices before the halving comes or before the next increase occurs in Bitcoin, which is estimated to be very likely to happen next year.

You are probably right that the market is not ready to pump yet. But still the bearish season is over this year. If you look at the bitcoin price, it is much higher now than at the beginning of the year. Of course altcoins are still doing badly, but there is hope that things will improve soon.

We're not talking about altcoins, but this thread seems to be focused on bitcoin. The market has recovered since the start of this year until April, but the price correction continued into September even though we enjoyed an increase of more than $31k in the second week of July. Many people are pessimistic about September, but may be a little more bullish on October based on history.

I agree that the bear market is over and it is time we hope for a better price recovery. Bullish hasn't happened yet, but it might happen soon before the halving occurs. There are still several months before 2023 ends, so we'll just have to wait and see what the dynamics are like.

The bear market for bitcoin ended earlier this year. Everything that is happening now can be called a sideways movement. But we have no guarantees that the bear market will not happen again, for example, before the halving. I don't believe that it will happen before the halving.

I agree that the bear market is far from over,  the crypto bear market may transition to a bullish market probably after the Bitcoin halving.  We all know that Bitcoin halving is the catalyst for the Bitcoin market to become bullish.  So we still have many months left to experience a bear market and we still have lots of months to accumulate Bitcoins.  In case anyone is worrying that the bear market will last forever, I believe that the market has its cycle where a bear market transitions to a bull market and vice-versa so just have patience and see for ourselves how the bear market transition to a bullish one after the Bitcoin halving.

Bear market is over but confusingly bearish moves remain and probably always will to some extent.  We have to figure what proportion they exist and how much of their negative move is ongoing and durable.   We are bearish right now, descending beneath a negative 50 day average so short term and arguably medium term BTC remains somewhat bearish.  The medium term part is debatable as we are gradually but haphazardly moving up this year and this latest negative is part of that, but anyhow longer term I'm going to say we are positive in a sedate way.  
  The low on 12th May last year was 26,700, the high today and recently for over a month has not been much higher then 26633 so we'll soon be 17 months of dismal moves  mostly sideways.   I can forgive the bearish outlook when we are overcast like this, its opportunity if you can see positives further out.    Theres no real argument for a good positive trend but a subdued recovery is fair take imo.

Yes, I think the bear market is far from over, there are even some predictions that the price could still go down a bit as we approach the last couple of months of this year. On the other hand, it might be good to see the price trading sideways though, at least it's kinda like in the middle and we are all just waiting for next year and then the halving.

So we still need a lot of patience, if it trade sideways, then don't be bored, it's just part of the market movement. The best thing if you have funds is just to continue to accumulate at this boring and sideways patterns.

We are still far from the end of the bear market, and I don't see any strong reason for us to enter the uptrend to become bullish. So the battle strategy of the scalpers is purely short-term, especially since the dollar is high at the moment. Just a while ago, I saw the US dollar rise a little, so Bitcoin is only at ease in the meantime, to be honest.

If my reading is correct based on my analysis, Bitcoin can still drop between 25,940 and 27400, or if it rises, it will be at 27400 or something. This is my prediction today overnight until tomorrow morning.

Agreed, the bear market is far from over and I also predict that bitcoin will have more corrections before and after the halving. But the prediction of bitcoin falling below $20k is a very low prediction, and if that happens, it will cause more serious panic than we think. Personally, I just predict bitcoin could fall to $22k-$23k and will consolidate there for a long time until the bull season comes and takes over.

I have also seen some predictions that there will be fake-out rallies to continue siphoning liquidity from the weak hands in the market but I am not sure about that.

2018 and 2020 were not very good markets during this period, the two years when the Bitcoin market experienced the worst bear market. However, when Bitcoin halved in 2020, the Bitcoin market boomed in 2021 and a huge bull market appeared. But in the position we are currently in, the price of Bitcoin has not increased much, but rather its value has decreased. Investors who have saved their money to invest are afraid to invest only because the market momentum is not very high from the market position. However, the current position in which Bitcoin is trending may not see any upside in the Bitcoin market this year. But I think the next year may change a bit in the Bitcoin market and its value in the market is likely to increase, so we will wait for a good Bitcoin bull in 2024.

Corrections are something we should expect from the cryptocurency market always as when we're in the bull market, it doesn't mean the market will be moving only upwards without having downsides. It'll be correcting too but most of the market movements will be upwards. Since most of the market movement at the moment is downwards it means we're still in the bear market so we shouldn't be celebrating yet but planning on how to invest more.

The only time I can be confident we have exited the bear market is when Bitcoin has passed the previously all time high of $69,000 and trading above the price. When that happens there's going to be fomo more as every individual sitting on the sidelines before will start buying.

yes this Fluctuating month is the preparing stage for halving as we have repeated history after every four years and in these fours years there is ups as well as downs so those holders who are not willing to get profit make wrong decisions while on other hands those who are in need of money decide by using the strength of their experience.

Price between 25k$ and 27k$ shows that the market is not experiencing more dip but it will further show an elevated record in price. Market movement between 25k$ and 27k$ does not mean that forever it will remains at this point and we also cannot find out that is it really a bear market or not but we have confirmed knowledge that before halving same situations was happened four years ago so we should also bear these situations as fruitful results are coming soon.

Yeah, I still vividly remember 2018's bear market, specially December wherein after a huge 2017 bull run, the next year was really bad and for those who haven't seen the bear market, it's worst but it's better that way. I mean you go thru it, learn from the bad market and come up strong in the next bull run and you know what to do.

So there is like a learn curve that each and everyone of us should go thru because we become smart investors here. I wasn't prepared at 2018 specially during Christmas season, and then 2019 as well. But still as I have said, I survived that phase in my life here in crypto that make me like battle tested already in this bear cycle that I don't panic or feel very nervous. And it's just a matter of months before it will be over as we have the scheduled block halving next year.

Totally normal that you would really be making out some bad decisions on the time that you are really that dealing on a market on which you arent even aware on how it do behaves or on how it do really moves when it comes into its price volatility.I did remember that 2017-2018 moments specially when that bull run happened where everyone is really that been hyped up on which they do even believe that the price would really be non-stop on going into the top or prices that havent been able to achieve or attain without even trying out to realize that a market cant really be just having a single movement like forever on which if there's a bull market then theres always a bear after than and the cycle continues. It cant really be called a market if it doesnt really have that kind of phase on which it is really that normal that shifting with those trends.

If you have learned your lesson back in the past then it would really be just that normal that you would really be having the idea on what you should gonna do with the current cycle.
You do already have the idea on what you should gonna do based up on your experience and this is something a normal approach. We know that bitcoin halving is really that a solid
indication that would really be acting as a catalyst on the next bull run. This is why its wise to take up positions while its still early or have still the time on doing so.

I see that market conditions are still sluggish here and there due to unsupportive macroeconomic conditions, especially interest rates which are still high. Well, this condition causes little money entering the crypto market so that the price of Bitcoin has not soared or increased and this is normal because in my opinion it is part of the market cycle.

Small corrections don't make the market stay in the bear season in my opinion because the market even corrects itself during the bull run but that doesn't make much of a difference and the market starts going up after those corrections just normally. However, it can be said that we are still not totally out of the bear market despite the fact that the price went from about $18k to $32k this year but that doesn't make it any different since it could go beyond that.

I don't see the price going as low as $20k and it will obviously cause a lot of panic in the market if it happens because almost the whole market is expecting the current price to be the bottom before the bull run that we might see next year or the year after that and the market should start recovering slowly from this point.

And after almost a month, the same pattern emerges, we are still in the sideways pattern. We did have a good price movement above $27k, but that is the highest price we got so far for this month. And if we talk about volume, not that much either.

So yeah, it will continue to be sluggish, the conditions around the world is not helping as well. We have seen fresh war in the Middle East and it might contribute to the slowness not just by crypto market, but all financial and traditional market as well.

This is why i dont make myself that getting excited on the time that the price do make out some signfiicant movement like $1k-$2k movement because usually people would  really be saying that this is start of the bull run
but it wasnt really that sustaining or really that lack for some push forward because after those kind of movement or increase will not really assure that it would continue.Expect the unexpected as always on which this market is really that something that very unpredictable and there's no way that we could really be able to tell on where it would really be heading on which it would really be resulting that kind of boggling up on our minds on what are the things that could happen. Bear market is over? There's no way on telling or saying that not unless on that Bitcoin halving on which we can tell that it would really be that the catalyst for bull run to kick in or something that we can really tell that this market will really be that having that full turn.

Instead of minding about bull run then it would really be just wise that you should really be that positioning yourself on the bottom which we do believe that there might be some last drop before
the market would really be having that complete u-turn but of course all of those things are assumptions and there's no way that we could tell on when it would happen.
Market could really be only just having two possible paths which is on going up or down and it would really be totally depending on when it would really be starting.
This is why taking up wise decisions is really that recommended.

To be honest we should probably assess market moves lot more to be sure if bear market ends or not. I hope bear market was ending around late August but I was proven wrong. I also check indicators regularly but in my opinion global crisis around the world also badly affected Bitcoin demand. People do not want to be early buyers to be left bagholders when we are in recession. I feel that 2024 will solve many of our issues.

I know this is a bitcoin forum but do you really think free crypto's like Bitcoin will be very successful long term? Can't really think that governments  will give up control on currency's once they become too big. Also I don't really know if Bitcoin will ever reach its all time high again (soon)

Sorry for my pessimism but I don't really believe that Bitcoin stocks will go crazy again :P

We have always noticed the change in the BTC market, and it has changed a lot more than before. Accordingly, if we observe the lines of Bitcoin, then there is definitely an opportunity to move to a better position in the future. Moreover, we have seen a huge change in BTC, at the moment we have seen a lot of changes in the Bitcoin market in 2023 compared to 2022. Because we can assume that the Bitcoin market has changed more than before, and we think that the bull market is coming very close. Of course, those currently interested in investing in BTC will largely do so while waiting out the bull market. And when an investor waits till the bull market, he will definitely invest in the hope of higher returns so that he can earn good profit. And it is true that we can say that there is no doubt that the Bitcoin market will reach new all-time highs again.

I also don't know whether your question is right or wrong, because Bitcoin is not a free cryptocurrency as you imply. Because whoever doesn't try to get it, Bitcoin will not come by itself in your or anyone else's wallet, so Bitcoin is not free mate because everyone has to always try to get it. Whether it's by buying or also by being a promotional participant in a campaign, while governments in all countries will only continue to maintain the value of their country's currency because they can't control Bitcoin as they wish.

There is no problem with your pessimism, because whether Bitcoin is crazy or not always depends on the trust of many people and on the continued increase in new users in this world so that it can continue to generate greater demand and supply every year. So there is no need to apologize because there is no problem with your attitude that is still doubtful about Bitcoin.

Try to see how the market is moving whether it is signaling bearish or more likely to be long-term sideways? The bearish is still not over as evidenced by the fact that it is still difficult for us to be at the $30K level breaking through that price resistance is still difficult and I would say it is still very far away to return to bullishness.

The current year will not be more than $50K is my guess, as long as you predict in a certain month for example and in 2023 then the bearish will not disappear this will be in the low range until the next few months.
You might look at some indicators to determine which way the market is moving? I don't think about that, because basically after the halving it's going to be a lot of talk whether it's bullish or it's going to be a bit of a recovery, but yeah my guess is the end of 2024 which a lot of people are predicting the same thing.

Let's do the math. At this point, bitcoin has been successful for 15 years. Can this be considered a long-term perspective?

You are right in thinking that governments will not give up trying to control bitcoin, because control of financial flows, which partially flow into bitcoin, is their primary goal. The question is whether they can take control of bitcoin.

Bitcoin will reach its historical maximums each time with a new cycle until it reaches a “plateau of stability.” In the "near future" - within a few years, you will see a new high. It's unavoidable.

Faith is a subjective thing and has no influence on the course of events. Even if you believed in bitcoin, it would have no effect on "Bitcoin stocks will go crazy again".

The days of the bear market are over, now the days of the bull market begin. Bitcoin bull market has started. The value of Bitcoin has increased a lot. Bitcoin price is currently 37, Which was 26 three weeks ago as well. This clearly shows that the Bitcoin bull market has started. Because without a bull market alone, it seems unusual for bitcoin to rise 10k in just three weeks. So I think that the Bitcoin bull market has started. So, bye bye bear market.

We may have gone too far these past weeks/months but I wouldn't go to a conclusion and say that the bear market is now over because we are still far from our last All-Time-high. Therefore, if I were you, I would withdraw my words now and I will only say that we are now in the bull market once we touched the $70k level. Even though a bull market can also be caused by different matters, what have helped the price to get this point is the news which can be still be considered positive even though some of them are fake news or rumors only about the approval of BTC spot ETF. BTC can do wonders. You will know that if you are not new here anymore.

Good analysis from @Woodie, and I also refer to the predictions he conveyed, such as the graph attached above, what you convey is correct in terms of BTC's potential increase will exceed ATH 70K but will the Bitcoin ETF rumors in the future which are often discussed we will look again? the price is jumping strongly or the trend will return and fall because so many people are waiting for this decision.

I couldn't say if right now it is a bull market or that it is about to go up as it is, because at any time anything can happen with bitcoin, but I see that there are many articles that talk about how a good price can be generated for this December and possibly a new ATH could be activated, I don't know, but it may be like that, if not, then it doesn't matter, the price is growing, I would like to close the year with $50k, it would be something great because that would be the case There are many who are as big believers in bitcoin as they are silent, as they always have Been , but I do believe that the price will not go down this month or the rest of the month.

New all time high this December? I doubt that it's going to happen, we will not be having that kind of spike though, we have to make a gain of more of more than 100% at the current price of Bitcoin. Not saying that it might not happen, but the probability is not there as it will take a lot of money from investors. So it's better that we remain with the pattern, we will have to wait for the block halving to happen and then in the next 2 years, new all time high can be reach.

That's how the market's ecosystem is, we don't want a artificial pump because Bitcoin is not known to be that market, that kind of movement is more on the altcoin side. As I have explain in other thread, it's a pump and dump scheme, nothing more.

Being on the market for a while or did experience wayback those previous bull run or cycles then you wont really be definitely be saying up such thing. Yes, we could really be having those % movement but doesnt
mean that breaking or reaching out all time high on this month of December of this year would really be that impossible and if we do base up realistically about its movement then it is really just that too far off to consider that we would really be hitting up those numbers but of course there's no way on telling about those probabilities. It is really just that hard to believe that we would really be able to reach up the all time high before halving event. We do know that it could happen but its not that unrealistic.

Bull run do usually kick in after the halving event which could really be a couple of few months after the said event. Bear market as of this moment? Since we are already half way with that all time high
then it isnt really that bad to say that we did really be able to get out with the current bear market but well there's no way on finalizing considering that dumps and corrections
could happen randomly or simply its being that unpredictable in the first place.

I agree with you, before the halving Bitcoin will reach a fairly deep decline again, maybe we will see a range below 30k$, and after that it will rise slowly.
but everyone of course expects a very high rise, and in a short time, but it is the patient people who will get their reward.

We did not see dip in price from previous three weeks it means that we have been entered into the Bull market. Previously the price was very much low like 26k$ but now it increased and cross the value of 35k$. Previous dip was just a mechanism which always happened before Initiation of halving.

People believe now that bitcoin  will increase to reach highest value which no other coin will touch. Bitcoin's price suggest about the bear and bull market so if the pump ends after some days and price reduces then we can say that no its not a Bull run but a temporary attempt towards halving but now there is continues growth in market price so it indicates that market is Bull.

and currently market conditions are starting to improve, even though there has been recent news, namely that Cz resigned from the position of CEO of Binance, because he was proven guilty of the charges that the SEC gave him.
but I saw the market go up again after the news came out.
it looks like 2024 is off to a good start for the bull market.

If Bitcoin is stored for a long time, it certainly does not realize any restrictions. Because if you keep bitcoin away for a short period of time then bitcoin halving and market rally will be required. Because Bitcoin will halve in 2024 and every halving bitcoin hits its peak. So we all should hold Bitcoin to maintain this high momentum, because if Bitcoin can be held for a long time then the risk will be much less. Halving in 2020 was the highest since 2021 until 2021. So our future 2024 halving will definitely see Bitcoin hit its peak. Realizing this fact, we should invest in Bitcoin for the long term.

let go of Binance issue because the moment CZ announced His resignation the price of bitcoin spikes 37k again means there is really no effect for bitcoin at all .
if there are something big coming for the market and this is the ETF that we have been waiting for many years.
I assume that since it was denied this November so In January we will see that big effect and maybe the better one?
was wondering also why CZ resigned when he is going to pay that 4 billion dollars? is this part of the settlement sorry for out of topic question but this really comes to my mind.
How I really wish that you are correct but not until bitcoin broke 40k I will still believe that we are in either trapping or in pending increase.
Lets hope and pray that before November ends the price will rose up to 40k at least if not 45k.

The lowest low that has been predicted is at least $32k, that is if we ever see that decline that we are talking about before the halving. But so far though, the market is really holding up good for now, no new dip or at least the sentiments is very positive that we might not see another decline, but on the other hand, we very bullish that we might see $40k at the end of the year.

So obviously, that's what we see right now,

a) a decline to $32k, to which another great opportunity to accumulate
b) price going towards > $40k in December, and as high as $50k.

Not because the price rose from 26k to 37k meaning this is a Bull market  because the
 maintaining value now is 36k and and  still no showing of breaking the 40k in which for me the indicator of
being bullish market.I don't want to break your momentum guys but for me its seems to be market is still
stagnant but I believe that before the year ends? yeah we will taste 40k .

I agree with your point of view. Clearly the market needs time to recreate the bullish structure before the Halving arrives. The market is showing signs of stronger accumulation, everything needs momentum and a new cycle will come as history has proven. The bear winter is already showing signs of thawing, and that's a good sign. A downward correction is possible but we can trust bitcoin. I don't expect a pump-and-dump bullish outlook for bitcoin. It's completely impossible

It's always okay to be optimistic, but you also have to prepare for something that might change even though at the moment it feels like there is an improvement. because the halving period is still quite long and it may not be as expected.
Always be on guard if there is a correction that we don't want to happen, even though many people may have doubts judging from the movements of the past few weeks.

Of course there will be corrections, especially before halving. It seems to me that in half a year the market may experience another crash. Now there is a bad situation around Binance, which may lead to bad consequences on the market. Although I also hope that most of the bear market is behind us.

we don't need to wait for half a year to experience that correction and possible dumping
 because Bitcoin Halving comes in April so basically there will be dumping from and after that event so maybe
we will be having this correction effect till 3rd quarter at least?

But if this will not change in the middle of the year then maybe the bear will end before
that quarter and bull will  happen before the last quarter.

I'm not sure if the dump can happen immediately after the halving. For example in 2020 the dump was a month before the halving. Of course the scenario is always different, but I think it could happen in early 2024. For this I have a small deposit to be able to buy cheap.

IMO, the bear has already been gone. We're now in the accumulation phase before the halving comes.
And if people still don't recognize that moment and they're still waiting for some more and another big correction to come.
They're all missing the whole point of the accumulation phase and the chance that is being given to them now.

Looking at the history of Bitcoin halving, we don't see the price of Bitcoin dropping. However, because individuals were already aware of this trend, they were more inclined to invest in Bitcoin at the halving period. We previously knew that market manipulators, also known as Smart Money, exist to liquidate traders' running positions in order to move the price of Bitcoin higher or lower. So it's highly likely that the price will fall during or after that period, so we should wait for that to happen before buying Bitcoin to maximize our profit.

I think what you are saying is very relevant, because the halving era will begin next year, so it is possible that even though there has been an increase at the moment, the possibility of a correction will happen and nothing is impossible, usually a correction will provide encouragement to increase even more. high and could coincide with the halving period next year

I agree that the war between Israel and Palestine seems to be getting hotter. We hope there will be a good resolution to this, because the war will have a big impact on the economy.
The market can change very quickly depending on the news released, remember the crypto market is very vulnerable to news, both good and bad.

I don't know whether the war between Palestine and Israel can affect the impact of the crypto market, even though it has had an impact on the economy because of the boycott of one of the companies, their share prices fell by 40%, but I don't know of any news sources linking the impact of the war on Palestine and Israel could influence the crypto market.

I think the current trend news is looking forward to the halving period next year, they are optimistic that the market will increase to reach a new ATH price.

Kind of news could make out some impact but the severity cant really be that determined whether if its the reason or not on such decline. There's no way that we could be able to determine whether it is really that something relevant or not. Economic news something like this could definitely be bothersome and to those who had been here on this market for a while now pretty sure do knows on what they would gonna do.
Sometimes it do make out some effects but most of the time it would really be totally random.

Usually the news and sentiments that could really affect this market is into those news that do talks about ETF approvals or something that it is really that related to
banning or regulations issues on which it do definitely make out such impact. Trying to look for example with the recent CZ situation or issues on which
it did make some impact but only BNB did have that kind of effect into its price but not on BTC which we can say that not all the time
news like this correlated to crypto wont really be giving impact from time to time. So its your call whether you do take a up decision or not.

It's obvious that there's no affect to the market itself or even on traditional based market. Although we really don't want to hear and see war as there are a lot of collateral damages already and the number of people being affected are increasing day by day.

The block halving is already given, what the current trend is all about the approval of Bitcoin spot ETF and this news fuels the bullish sentiments that we have right now. Price is still above $40k and we can say that we are already in the bull run coming next year.

there is no permanent situation in every profiteering market most specially in volatile market such this so yeah we must be aware to what will be the potential of market in every season we invest.
we may say Goodbye bear market for a while but eventually? it will change and may say Hello bear again , so be ready and be cautious that is what life in this kind of market must be.

By the end of 2023, all markets, including the Bitcoin market, had changed, and we saw the end of the bear market. As the market positions are currently changing, and we can see the change, surely more bull market can be seen in the market in the coming days. I think the Bitcoin market has the potential to grow even more before it halves, as it has been going so far. That's why we can say that the bull market and the bear market are over for the time being and hope for better days ahead.