Bitcoin Forum

For some of us that has been following the events in cryptocurrencies market, I don't think there is any reason why the bearish trend should continue and that is why I am joining other cryptocurrencies enthusiasts to say "rest in peace bear market "(December 2017--December 2018). I am an investor and a trader and I see bitcoin going up from now till 2021. If you doubt me see when I predicted the current bullish trend and said the bearish trend is over https://bitcointalk.org/index.php?topic=5126004.msg50368970#msg50368970
 Remember that if you did not know how this market work? This is not an advice to invest but for those that are an experienced traders,  I think we should buy early before the institutional investors jump in!  Happy bull market to all of us!

I would tend to agree that we are already in the bullish zone.

But I would like to say that when members here bullish trend, they immediately think of the massive bull run that we have seen at the end of 2017.

Gentle reminder that we are still a far cry from that kind of build up, we are just in the beginning of a bull run so don't expect the price to jump to 5 digits and then new all time highs at the end of the year.

I respect your prediction as anyone are free to do that.

But saying there is no any reason why bearish trend should not be commenced again is out of the context. "I also want to say the same thing" but it will create an expectation especially for those who doesn't know what to do. Better exposed them with associated risks rather than be comfortable with the thoughts that no bear movement will happen again. Don't also think that others doubted you since we are just sharing our thoughts. If your prediction happened then so be it. Don't carry your own chair for that. I also like that prediction to happen.

We are on the same boat about expecting a bull run.
We are on the same boat that expecting bear market should now end.
We are on the same boat of being an optimistic.

Just take advantage of what's happening right now without closing the doors to other things around that might happen. Goodluck anyone.

Not that I doubt you buddy, I just doubt the signs. I'm all for a recovery but I'm actually way more keen to see the market just stabilise longer, and way more keen to do a proper purge of the hypesters (they're still shilling far too much for my liking) and way more keen to see people really start picking up Bitcoin for use.

I'm curious to as to why you don't think there's any reason for the bearish trend to continue. Even the bulls can see reasons for why. No one is saying 100% among those unafraid to spew predictions.

So even a failure to push in above a key resistance won't make us continue to go down at all? This is what is wrong everytime Bitcoin is going up they all think positive rather than think at all, they always remove the fact that Bitcoin isn't fixed to one direction. Their mindset is blinded by the current price movement rather than think all the possibilities that could happen, the end result is them holding up a cryptocurrency with paper loss rather than being satisfied to even take any kind of profit at all.

Signs seem to be weak this time though I'd like to believe that this indeed is the movement that we have all been waiting for. Current testing to $5500 and beyond was somewhat fruitful and we managed to hold footing on the high $5400s which is, in itself, is also great considering how much was dumped earlier this day to prevent the bulls from crossing a vital resistance point. The next few weeks will prove important for bitcoin since over time, movements like these will lose steam and allow bears to take over once more, and I hope that's not the case.

I'm with you as well to see this bear market end as soon as possible. But same sentiment with buwaytress that I doubt the signs as well. Together, we all want to see this bear to be stomped by the bull soon but still it is existing and we can't say immediately that it's totally out of the market. At least I can say that this is an extension for accumulation period and anyone who haven't ride the boat, start picking up your own bitcoin under your stash.

I think most institutions have already established their positions some time through the bottom of the bear market, if they have taken out any.

That's when the smart money goes, in the middle of the bear market. Because of how bearish the market sentiment was at the time that kept prices so low for accumulation, the smart money would have certainly recognised that.

Personally, I do think that this is still somewhat of an accumulation zone for investors. Doing dollar cost averaging right now when prices are still under $6-7k could prove to be extremely profitable in the future when the bull market emerges (which I don't think is the case yet, despite the recent rises).

Good to hear mate, and hopefully this would be really heading upward even if there's some slight negative speculative thoughts. Anyways it doesn't matter to me now, but I don't exactly knew how other people view it in their own perspectives. I do agree and I felt that bull run will soon commence any months it could this year. The exact month was unpredictable, we'll just have to wait until further notice.

....And 2 hours later, the price dumps $500. Classic! :D

I was hoping to hit some asks on another wick higher but it looks like the correction back to January/February price levels is already under way. Unless we quickly shoot back up and close the day above the 20-day MA, that is.

The bear is not dead its hibernating and will return, why because nature turns in seasons and the bears will be back again as they are every year.    Its just the case of how strong is Bitcoin to fight the next round and win vs the bears or not.  
Dont doubt there will be a fight for direction, that would be like wearing blinkers and ignoring a certainty.    Theres always sellers out there, its just a case of when and in what numbers.


If nothing else, making this declaration now is far too early.   You can see it clearly in the numbers, the widest standard measure acknowledged by just anyone in basic terms in the 200 day moving average.   If we examine this just briefly, it is negative every day still declining still handling the last price fall and its a relevant context for the underlying mood to Bitcoin beyond just this springs growth in price.   With spring, comes the bear again ready to fight and I think its more realistic to accept this

Yes, it needs to shoot up to keep up the 20 day MA which is the much expected one to confirm the bull market of the year. Till date I never find these market moves to get turned to be a perfect bull market. Hope the market reaches the $5500+ soon same as that took place after the drop from $4200+ to $3800 when everyone was predicting to reach $4500+

Well, nice predictions. Perhaps your predictions in time past have fallen in but I'm just gonna say that everyone should trade with open mind. Any/everything is actually possible even though we ernestly hope for the bull

All of us are waiting for the bull market we all witnesess the dominance of bitcoin in december 2017 bull run we analysis the price flow of bitcoin and Yes I agree to you that bearish are gone now we already in new chapter of bitcoin price the 2020 halving will be a big impact for bitcoin price.

Bull markets are always more fun than bear markets for the average person unless you have the ability to get short positions or something along those lines. I can't say that I'm unhappy with the current bull trend, I just hope that it retains most of its steam for the next few weeks. Maybe I should go through all the wallets I still have stashed away so that I can figure out whether it's worth topping up my balance while it's cheap. I don't think we'll see another run to 10x the price, but I won't complain if we do.

And just like that the price falls to $5100 levels right now. I think there is some panic selling right now. I read that NY Attorney General sues Bitfinex and Tether to unearth “fraud being carried out” by the firms (https://finance.yahoo.com/news/ny-attorney-general-sues-bitfinex-210643545.html). So we are sort in the panic mode right now, the question is, can the bulls still maintained their position or would suddenly bailed out as well? So it's going to be interesting, I'm seeing a strong support at $4950 but who knows.We have been slowly gaining the last two months so this could be the first week that we are going to end this week in red.

But unfortunately, the price quickly dragging now in just an hour. It seems like we are waiting again to become skyrocket and having market resistance. It would be profitable if right at this moment we purchase and bag more bitcoin as much as we can and fulfill our wallet. However, the majority of holders now only wanted the price goes up and I think on this small correction will begin to ignite and having skyrocket one of these days.

It happened and I was surprise with that, but good things are really in the market as even if it will dump, the bull are still here to save us.
Bitcoin price recovered quickly, as quick as it was dump.

Based on Binance,  BTC/USDT trading pairs, the low was $5102, but not it's trading again at $5348,

you can look at the graph here, there's a big action today, https://www.binance.com/en/trade/BTC_USDT

bearish trend has been over for months now, it is just that because we had more than a year of drops (the bear market) now people are having a hard time accepting its end just like many had a hard time accepting the end of the bull market by the end of 2017 and was still expecting continued rise.
and now we are right in between. this is not a bear market anymore but it still is not a bull market either. we are switching trends and that takes time. for now we will see small rises like this that take a long time and then slowly everyone accepts the change and stops expecting drops that will never happen so the rises can speed up like before.

thats not true meyt . im an average person but i feel more happy seeing the price increase than seeing the price going down . average person are the kind of people that are not wealthy  . these are the people that are not classified as investor . they are only working hard online to earn a crypto and they'v always pray that the price will rise more often so that they can earn more income  .


bear market did happen earlier  . we cant say that its dead just because the price recovered quickly  . bears are there and can occur at all times  ,

In fact, I think we are currently experiencing a fairly stable phase, the decline in prices that occurred during these 2 days cannot be used as a reference. it is evident from the increase in prices in the market. the point is that we cannot expect prices to continue to increase because in one time there will be a decline and vice versa.

You are right, now the prices of the altcoin are in completely decline situation from the past month which they have lost their value once the price of Bitcoin starts increasing. So we should wait for the altcoin to follow along with the Bitcoin and we should not consider it is end of the Bear market.

The bear market trend still continues and I don't see any positive trends in the price. BTC drops by 2% almost everyday and ETH price along with it keeps showing a similar fall. As a trader, I don't feel like buying any coins right now and even on exchanges, there are more sell orders than buy ones.

I did not know how you arrived at you analysis on the current market conditions but it is open for all to see that since the beginning of this month bitcoin and others cryptocurrencies has been in the upward trend!  Both the technical and fundamentals indicators are pointing towards bull trend and are you saying, that the grow that started in December 2018 from $3150 to now $5269 is not and end to a particular patterns?  However,  this is just a personal views and maybe you will educate us more on how you think bitcoin and ethereum keep losing 2% daily sir.  Thank.

That can be consider a bear trend again because the price last month compare right now is very low and this April the bull has started though its not high but at least we did a great price this Month. Trader should know this as a small correction and not a bear trend again, buying at a cheaper price is the best option for a trader, try to look f or more coins.

My views are based on this chart: https://coinmarketcap.com/currencies/bitcoin/#charts

As I can see, the price in Nov 2018 was $6k and now it's $5k and it has been stable rather than being a bullish trend. The same trend was seen in 2014-2016 where we could see BTC rise from $200 to $300. From Dec 2017, the market has only gone down and even if we see a slight rise, it goes back to where it started from. Few days back people expected it to reach $6k but I don't see it happening anytime soon. I wouldn't buy or sell bitcoins when this market is not stable. Prefer holding for now.

Candidly speaking, the fact that the market is more stable; makes me to succumb to your prediction, as you have already stated in your post. Rather than see another Bull run now, we are experiencing a stable market price which will trigger a bull run in a know distance time from now. Bear market has already be made "Rest in Peace" as we await the bull-run. Am happy to see the market in good state. Have just kick your ass up buddy.

I am also as optimistic as you. This is what I guess also that in May or even before it, we might get the bullish trend we wanted. Although there were no sign of an uptrend yet but it will have, we just need to wait.
I thought so too we should be buying bitcoin now or we'll be left out.

See for yourself and check if its worth to top up but for me, it's always worth it to do the right thing like buying the dip. We are still in the bear market and there's an ongoing drama with bitfinex and tether issue.

This made the market in bloodbath again or this scenario can also trigger to fuel a little bit higher comeback few weeks from now.

it seems to me that the bitcoin market is filled with a lot of naive people which is why we keep seeing a lot of people who get stuck in a certain trend and think that should be the only trend till the end of time!

the bear market is over and they should accept it.

if you look at this board and many other social media you can see all of those who are still stuck in the long gone trend and are excited today because there is a tiny 5% correction thinking they were right to be stuck in that trend :D

I think the market keep showing a good and positive trend, recently the trend show a down trend but I think still a normal correction, the bear supposed to be over but the support is still weak at the moment so the market could easily slip away, but most of the recent moving are showing a bull run

I am still hoping that the bear market is already gone so we can move on in the new chapter of market where we can now earn huge income. Bull market is one of wish in this year because this thing will help my portfolio to recover again because there are still red in my portfolio and I really experience huge losses in that bear market. So, I'm so happy right now because the price of bitcoin is keep on going upward and maybe in the next few quarter it will go to the moon or mars.

There will be a slight doubt on this from the recent slight decline on the price of bitcoin and other cryptos.

I believe we can call the bearish trend not going up as well, I know that is stagnant market and not bearish market and bearish market is when we go down and we haven't done that in months but its still bearish if everyone is thinking another drop will come, from 20 thousand dollars to 6 thousand dollars we went really fast and for months we stayed around that 6 thousand dollars levels and that wasn't bearish too, we were just there however one day we saw ourselves all go as low as 3200 dollars which means we really do not know if it would drop again or not.

Yeah, we were pretty sure that was the bottom and we tried couple of times to break the 4200 level however people started to doubt and there was topics about how bitcoin was destined to drop as low as 2000 dollars at one point. So, this "rip bear market" could be not only in price but also in peoples minds.

Dont worry it will be back in 2022. I need to find some hobby then to be occupied way more as I was last year.

Trend is bullish until price remain above 4200 but 4800 is much better
First support is around 4900 $
But now with that Tether issue is very hard
Many traders are escaping from Tether.Compere prices on finex and other exchnges
I think some mad people are going for arbitrage

would be nice yeah, but i'm not sure if the bearmarket has really ended. fundamentals looking great there is no doubt. adoption is moving on day by day. btc is relativly stable on a "high" level.
in the end only time will tell, just be prepared for any surprise of the market.  :-\

Forget about the current dip we just say in the price of bitcoin, I am still sure that we are going to see a bull run in the price of crypto this year, though it might take a while for that to happen, my best guess is that the bull run will begin at the fourth quarter of the year when we all least expect it, so let's keep holding on to our coin and expect that we get the best from it.

There is no way that anyone in this world can forget the drop of $ 19,000 to $ 3100 in a few months, it was a real catastrophe and I hope that something like that will not happen again in the crypto world. That said, I am of the opinion that this time the increase should be gradual, with small increases. nothing of pump and dump


as time passes more people will be informed about the halving and this will cause the old pump to go into action and the price will start to increase a lot



 

Right, the support is around $4950. We haven't touch it though, seems the price is very strong above $5k, but if the news continue to influence investors, it can go as low as $4950.

But I was thinking though that this whole Tether issues could be good for bitcoin though. I will assume that those holders will just go and shift their funds around in the next 2-3 days.

So it means that we might remain bullish after all this Bitfinex and NY AG's drama.

There is a big possibility that the bear market is officially over, when it's true we can consider this moment now a good time to accumulate
before the big run will happen, it happens in the past, we should not commit the same mistakes again.

I don't want to see people saying I wish I bought when the price was still low, or I was bitcoin will dump so I can buy cheap.
That's stupid, we should be smart in order to succeed here, and when people are fearing the market, that's the time to take advantage.

Always buy the dip and sell the peak if you can.

Market is very unpredictable, I notice that there are more of Sell order too in the market and I have looked into the news to see if there is any FUD causing this but haven’t gotten any, the best way to just invest in this coins is to invest and leave them for a very long time and stop monitoring their price movement.

When the bull run comes, I am sure it is too lousy not to announce itself to the whole world at its arrival, so I don’t wanna give myself heartache over worries that isn’t worth it, the market situation now is a very minor thing and will be resolved fully at the arrival of the bull, and till then, I will just keep away from monitoring the old coins I have and continue to hold them, while I look for other opportunities.

I am also among the enthusiast that has bid the bear market a great goodbye since the beginning of this year, even though the market looks down today, we should never let it worry us, the bulls are still in charge and they will carry the market back to where it is necessary for it to before now.

One thing I am so certain of is that, by the end of this year, the bull would have completely become the main dominant of the market and will be more profitable for many of us that have invested already, and for the market watchers, it is time to stop watching and invest, there is no time to waste, we need to be fully prepared for the bigger institutional investors.

When I followed your link I expected to see an old time prediction, like from the time when bitcoin recovered itself after 2013 year. But what I saw is just a copy of what you are telling us now, just a month passed between comments.
My own, I would not hurry to say RIP to bear market. We still didn't see any correction of the price and I believe it will come soon.

The price of bitcoin had already indicated a bullish trend despite the recent retracement or pullback this reinforced the fact that the bearish sentiment had subsided just as the OP had predicted but how far the price is gonna trend up? is a question that is beyond our predictions or speculations.
Obviously its time to start buying and accumulating so as not be cut unaware like the ATH in 2017 where a lot traders who dumped earlier regretted their actions.

I'm in for bull market but we don't need to expect to much because as we can see the market is starting to recovery from bearish so grab the opportunity now that we can afford to buy. Just manage well your asset and more patience.

If you are so confident in the market, have you significantly increased your long position(s)? If I was as optimistic as you are, that would be the first thing on my priority list, else it's a wasted opportunity in my book.

I find it quite shocking to see people be so overly bullish about the market, and that while we haven't even made an attempt to break through last year's main support, which will turn out to be the main obstacle for the price this year.

Also, there is no point in waiting for institutions to enter the market because you never know when they're in. They won't publicly announce that they bought a shitload of Bitcoin. Stop dreaming.

Where were you when Bitcoin hit the bottom at $3400 this year? Anyway, it's never been too late to invest in Bitcoin since we are leaving the bearish trend and the price is starting to grow slowly. We might not see the five figures this year but there might be a possibility that it is almost gonna hit the five figures.

Don't just let your hopes get high up since everything is not impossible in the market since it is also unpredictable.

There is no such a thing as the bear market being 'officially' over while we haven't even broken through the $6000 level yet.

That's exactly what I want to see. Dumb money should be wrong more often than they are right, and as long as that happens, smart money has a cash cow to milk till there is no drop of milk left. It may sound harsh, but that's how markets in general work.

People who tried in 2018 have a bad taste in their mouth.  :P

Yes, i hope the bear market is indeed over for now. So that these so-called crypto analysts would be ashamed for their calls of dump to around $2k-3k value.

I also think the bear market has ended, and i think the price will continue have small grow all over the year and also i think we can have a bull run before next year bitcoin halving.

when we are in the early days of a reversal which is basically the day price hits the bottom (in this case the day price reached $3100ish) you can say that there is a "possibility" but when we already see the two major periods of accumulation and the initial reversal then there is no "possibility" anymore, the reversal has happened!
and right now we have seen both the accumulation phase (between $3.1k and $4.2k) and the breakout and the start of the rise when price reached $5500.

I couldn't fuly agree.  The price rise isn't showing continuous growth and there are always possibilities for corrections and price could go down again. For me this isn't a bull run yet and Bitcoin price still hasn't crossed the boundaries where we can say that bear market is definetely over.

a correction and price going down (like what has been happening in the past couple of days) does not mean it is a "bear market" it simply means it is a correction because of the fast and big rise that we had before that "drop" began.

What i know is that the decline in the price , the bear market and the correction are all the same ?  Last year up until this year , the bear market is present but after we hit the month of march and april the price suddenly increase . it was a big increase because from the stsrting price of 3kusd the increase reach 5k usd  . its obvious that bear market is over  but there is still a posibilty that a bear market can occur again on the future  .

Duh,,, of course if anyone could we would buy the dip and sell the peak. The whole point is that it is impossible even for experts to identify this, which makes it so tough to make any call. Big possibility for a bear market being over? How do we even know that? And you know big possibility does not mean anything. Even 99% chance as they say can and will fail. All this talk is easy but to translate to reality is the impossible bit.

I will not say its already end, I think bearish is not dead yet. Prices still declined yesterday, and if the bull run occurs, of course the
decline will not be that deep, and of course the increase will be far more frequent than now

Bull market has now come and should continue for some time before we set into that dent like 2018 where market just kept on falling and people did lose out lot of money of their invested amount.  So be cautious as well sometimes in order to make money.

Signs of bullish market is obvious but it is yet too early saying  goodbye to bear market.  There is always a possibility that the market sentiment may turn 180 degree but i guess it is too slim since the market seems fine after the Bitfinex and tether issue.  But for now I think accumulating BTC is not a bad idea.  Better grab some before the bull starts rampaging.

There are very few chances that bitcoin can go below 4500$ or less. If anyone want to buy bitcoin, he should buy it now. Thinking it will come down is a big risk because market is positive about bitcoins. Bitcoin price is above 5000$ for few weeks now and I will now try to break the 6000$ resistance.

Although it looks that it's too early to say it, btc is really showing resistance in $5k. Maybe if we reached $6k and never fall down into less than $5k, I guess we already got out of bear market. As of now, resistance in $5k has been on test so you shouldn't put down your guard and don't be overwhelmed.

The resistance is on $5600 level and i think we can break that one out in the market and stop the sentiment about bear market. It’s too early to confirm the bull but we must have patience as we continue to struggle going up. Bear should be totally stopped now and let’s move on for the up trend of the market.

I feel its thawing, that said if a few freak snowstorms pass by before the spring comes that would not surprise me in the slightest  8)

Not sure I see strong fundamentals for the next bull if relying on institutions. Given that bakkt has been on an impasse for several months, largely due to inefficient custody infrastructure, modeling to other players looking to join the space to observe all required diligence, so it's not pretty on that end.

However, on the trading side of things, the golden cross for Bitcoin's trend is an entirely different story with new factors of mass accumulation and all, coupled with the next scheduled halving. I would say the bull is just round the corner.

I believe we will break that soon, as long as the price will not dump below $5,000, there is a huge chance.
Bitcoin is getting more investments now due to its good performance, so it's more likely that we will cross $6,000 anytime soon.
Market remains unpredictable, so I would not be surprise if one day it will start to pump again.

The strong foundation of the bitcoin now is $5000 but we want to make sure so we need to reach the value of $6000 first for the bitcoin so we can make sure the bull run. But for me I think we are now in the bull run only need some push to increase more and convince other people to invest again.

if we can move that support line once again above 5800+ and we can resurrect those miners who have stopped their operation after bitcoin went down under and reach back on that same difficult it would make so much support for us that it would insanely resolve all "will it go back down!!" issues.

Think about it, both support there to keep price not going down and miners there to selling at least above those prices would create some sort of cushion for bitcoin and it means the only way is up if it can't go down than it can either stay same or go up and that means it can stay same for a while but eventually has to go up. Of course, some whale could come up and sell about 10k bitcoin all in one trade and destroy bitcoin price like Craig did but what are the odds of that happening twice :D.

Some doom and gloom porn I spotted on trading view, flawless logic clearly :D

Theres clearly more work to do in BTC pricing but this might be reading a little too much into it.    Also never consider one price is isolation to others, Dollar is not an especially hard currency at present.    To put that in a completely obvious context, the Venezuelan bolívar currency shows no decline for BTC when quoted on that country's exchange.    The obvious reason being BTC is not undermined by inflation like the Bolivar suffers, similarly dollar has its own problems, Yen has its problems, Euro certainly and every major reserve FIAT currency has a decline in value ongoing this year and every year for decades forward most likely.
   Merely expecting BTC to decline without considering a wider picture in contrast is wrong from the start.   Who or what currency gains while major currencies decline in value is an open question

I don't believe your prediction that Bitcoin will continue to grow from now till 2021 without any serious decline. As we are seeing an upward trend so also we shall see decline in the Bitcoin in between the period that you speculate above.

the trend must be changed immediately and it depends on all of us, because when we can support and maintain the price of bitcoin then it can make price stability. it is very possible for us to make a boundary, so we all have to work together in maintaining the price of bitcoin. this is indeed a difficult thing, but when we fight together we can make bitcoin much stronger.

Of course, we don' see the price goes on a uptrend without any decline because we need to book profits sometimes. But the good thing is that investors are smarter now, and not really bothered by FUD or bad news, (tether + Bitfinex controversial). It may decline a couple hundred of dollars but it will bounce back because we have entered the bullish cycle already.

The bearish trend that commenced in December 2017 has ended when bitcoin went down to $3150 trading area in December 2018. If you are waiting for the bearish trend to continue you will be disappointed.  I think we are done with bearish trend for now.  

I did not said we are not going to have little corrections along the way and decline is not going to happen but it is not going to be a downward  trend again but it will be bullish trend . Traders must takes profit along the way and that is what we are seeing happening now!

Decline will always happen, because that is nature from bitcoin and other crypto that it is volatile. And i agree with you, for now investors not really affected by bad news or FUD that come, because they are believe with their investment.