Bitcoin Forum

Hello guys, the cryptocurrency world have witnessed an rise in fortune in the last one month or so, turning a market cap of 2 trillion USD. Now suddenly we are witnessing red candles. What's going on? Is it a massive correction or are the dreaded bears coming upon us?

It's just a correction. Nothing to worry about.
With growth there are always people selling.

The bear market will start after a major crash. These 30% dips are normal in the bull market.

Bear market will probably start after August. But that's based on history....

Have you not yet made a profit during the last three months when the bull run trend is pumping all the top coin sin the market or are you in a cycle trying to make a profit in the next wave, we are still in a bull run, it's more of a correction if you checked the chart, it's still in a positive trend, you worry when the candle continuously showing up, but it's not.

Just because of red candles, you are thinking that it's already a bearish season. I think you don't need to look at the day to day candles and charts.
If you look for the months charts, you'll see that it's not yet bearish season. The corrections are normal to the market and just because it has come, you don't think that it's already bearish.

And look at the price right now, still almost 49k, and get the chart for even one year, and tell me if we are in the bearish market. Not because we are below the ATH, it means we are now in the bearish season. Just normal correction of the market. And if you see the 1-year chart. I don't think you will say that we are in bear season.

https://i.postimg.cc/6p2D0q2w/Screen-Shot-2021-03-07-at-7-09-41-AM.png

Nah, we're still good. You just have to zoom out a bit.  :D

https://www.tradingview.com/x/PqSzH9NH/

I think people expect bitcoin to go up or down really strongly. Then when it goes sideways or it oscillates people get impatient and are in limbo. I think OP is in this limbo.

As batang_bitcoin says... Zoom out and look at the monthly and weekly charts, they give you a good idea on what is happening. Don't focus on the minute charts  ;)

Just a normal correction. Not a massive one. As far as weeks-long corrections go this is pretty tame. We're a long way from even starting to think about a bear market.

There's no exact predictions that we can give right now, because corrections will only have a little impact due to current price which already high. I think it won't go down below $40k and stabilized between that price up to $50k. We should be careful when you're holding some btc, volatility will lead you to loss quickly.

Neither of both things because no trader/investor on this place would able to know on what would happen ahead. Market is unpredictable as ever
and theres no way on detecting early on where the price could potentially go so this kind of question is on where everybody is asking the same thing.
Better thing to be done? Always be wise on securing your profits before the market turns to flip out.Dont ask for more bullish run and better to
secure while you still can rather than waiting up for some correction and eating up all the profits you had made.

You can call it a correction or bear testing the market. It's normally just us shorting to profit.  There is no method of determining yet whether we are in the bear market already unless there will really be big news that will affect the market and then we all start selling. Right now the news is getting good like India not banning crypto anymore is always good for crypto markets.

Its a massive correction and a proof that this market can’t go straight to the up without experiencing those corrections. This is normal, but you have to stay careful on every decision that you’ll make so you wont lose that much. Bear trend will happen, its hard to say that its happening right now, but it will come and its inevitable.

We just literally ran up from the sub $10,000 range and peaked at $57,000. And after having a few red days down to the $45,000 range people are already calling bearish? Like no offense, but do you actually think a bull market means we literally go up in price every single day for months without pullbacks? Because that's unrealistic as hell.

Make no mistake, correction, we cannot call Market Bearish when MIcroestrategy with its shares falling to 50% and they buying $10M in Bitcoin, also the volume gives a lot of information, the millionaires want more Bitcoins, maybe this correction is to take away the Bitcoin to weak hands, these are the tactics of the market. These strategies have been used since the Stock Market since the 1800s, in addition to the rumors that Netflix wants to buy Bitcoin, in turn Amazon, so good things are coming ...

If bitcoin at 50k is a a bear market then the bears can make themselves at home. People are overreacting like they do most of the time, what we have been seeing in the market is just natural, it was impossible even for bitcoin to go up all the time, some people are selling in order to book some profits, others are panicking and some others are doubtful about what to do, but if I were you I would not worry about such small movements of the market.

As others have pointed, I wouldn't say that we are in the bearish season, we haven't seen the top of this bull run so how come we are entering the bearish phase already. Probably he is so impatient and thinking that bitcoin can go on parabolic rise, last 2 months we have a dip of 20%-26%, but we have bounce back and maybe this is the case again this month.

We just broke $50,000 again so let's see how it goes, it's going to be Monday in the next 24 hours, full of action again so let's see how the price will be. If we didn't increase, but just maintain this trading sideways then take this as another opportunity to buy.

Honestly, I don't know what he actually thinks, but every time Bitcoin has a small pull back, a thread (or two) like this appears. This has already become a common practice on this forum.  ;)

Where do you see red candles ? Bitcoin reached 58K and today bitcoin is 50K. Just 8000$ less than all time high and you think this is bearish ?

No crypto currency can move straight up. There will be correction in between. If you see few days of red candles, then you don't need to worry. Bitcoin needs healthy corrections in order to move up further.

If you are in crypto for almost 3 or 4 years maybe you will know the answer, if we saw red it doesnt mean that it is bearish there would be a great posibility that some whales are working so that they can get profit specially to those who have a weak hands and lack of patience to hold.

The market is trying to recover again, but it looks like we are having a hard time to break the price of $51k with Bitcoin, its too early to say that Bearish trend can happen soon, early than expected. Bearish trend will always appear just like what many speculation say, and the resistance are getting stronger that makes Bitcoin more volatile, bear is coming.

Analyzing the charts of any asset isn't always about looking at the color of the candlesticks as that is just simply too plain for you to make out of any conclusion. If you wanna determine if the crypto market is in a bearish period just take a look at the chart of the market leader which currently is Bitcoin and look for its volume and RSI and you will see that the market is not on a bearish period. Volume is so-so and it will tell you that nobody is offloading (at least massively) their position. The RSI as well will tell you that surprisingly it still on the overbought level confirming that nobody is still selling Bitcoin up to this moment. In order for you to determine if the crypto market is in a bearish period you need to see that Bitcoin's trend is on a reversal and instead of going up it is now going down together with increasing volume as it is going down.

Dude if red candles like these on a single stretch of week is giving you heartburn then you better really seriously make an assessment if crypto is the right place for you. I mean. This is crypto, buddy. 90% moves so possible as with every defi rug pull can show that even in 30 minutes almost everything can be gone in seconds.

Are you afraid of big crash coming due to bear season? Well there's nothing to afraid off since by now we have big whales(investors) supports bitcoin and they will never let bitcoin fall since this is how those people earn with, also there are so many bitcoin supporters has been gather which adopt bitcoin so we'll so if you find those red candles striking up meaning it's perfect time to buy and earn when market goes green again.

Amazing to see bitcoin going on green again and so is the rest of crypto market.

So there's no red candle, we are on the recovery stage again, $50k-$52k again in the next couple of days and it we get lucky and we sustained this run, we might see $57k so we are out of the bears hand. And with that said, correction is over, the usual every month of like three weeks of good phase then followed by a week of selling off/taking profits, the usual run.

Nah, I think have the right to ask if he's not used to the market because maybe he already suffered from the losses in 2017. You know how things went sideways in 2017, right? After the bull run of hitting $20k ATH it suddenly dropped faster than anything plus the correction kicks in then the whole market is in total red.

But this year, this bull market it's quite different from the last one that we had since there's little fud now compared in the past which is people can easily be drawn by the sudden fud then after that the whole market would be in bloodbath already.

I don't know yet when will the bloodbath going to occur that would lead the bear to follow but let's take this moment to gather and earn our desired profit until the bear market comes. That would be the best time to reinvest again if you have the money for the next season of bull market.

I do not think that we are in the bear levels just yet, we are doing fine so far and that is why I believe that right now we are not going down that path, sure we could drop in price time to time but that is just correction and we are not there just yet, I believe we could potentially reach to a higher level in the end even after the falls. Look at what happened when we first reached 41k, we dropped to 28k and reached to 56k after that, look at what happened when we went down to 43k or so after that, we reached over 50k once again.

So, I believe just because we have some falls doesn't mean that we are in bear time just yet. I believe we are going to end up with a bigger and better price in the end, it will take some time but it will not be that ugly anymore, I believe a bear run like 2018 will never happen from now on and that makes me happy about the future of crypto.

Yeah, I have seen the graph. Looks more like a mad awaited correction. I hope the growth continues. Mainstream adoption is on its way

I still think Bitcoin is currently in a bullish trend, because the Bitcoin price is still stable above $ 40k. Bearish season is coming when Bitcoin corrects
below the price of $ 40k, if we see a very strong support price at $ 47k. It is very unlikely that in the near future Bitcoin will drop below $ 40k,
so in other words the bearish season won't happen any time soon.

I'm not sure but I have a presidiction that bitcoin price need a correction, although if we see to the high time frame like monthly and weekly time frame there is a sign that bullish market is still strong.

But, fundamentally has given a bad sign that there are some bas newa which can make the movement price will lead to bearish market. Some stocks has been decreasing maybe it just a trader strategy to take some profit.

Some investors will be closely look to 1.9 T stimulus from US government. Because this thing will lead all stock market and crypto currency movement will be more volatile. So, the current bearish movement is just for a while we will see a huge increase later.

Just because Bitcoin had the correction that most of us was expecting to happen at some point it won't mean that we are already into the bear market. For now the bull market is still in full force over the markets and I have a feeling it can blow up in price anytime soon.

Bear market will have the its presence way more brutally than a 10k drop and we know it.

Way back a few month ago, you won't see this massive price for bitcoin. And that's why it's far from being bearish and I think there's this effect from the past that whenever we see such massive price and rise, whatever correction comes, they'll think that the time has come and it's already the bearish season that's being expected. So far, the month of March which is also believed with that effect just as last year is still good as it is and we're still up than December 2020's.

The market is not bearish yet because we are still way up from the beginning of the year. The price is currently over $50,000. It might've gone down for a few weeks after hitting it's ATH but has quickly rebounded after a temporary correction. Things are still bullish to me so I would take this opportunity to stack the dip.

The bearish situation depends upon when are you comparing it with. Last year or at the start of this year or compare it with the ATH price? Because if your reference is the previous years, it is by any means we are not in a bearish season but still in bull season. In what year have you seen bitcoin's price to reach the 40k+ level? Only this year, right? So I don't get why people are asking this question whenever they see bitcoin's price go down from what they want it to be? It is not always straight line here, at some point, there will be dips.

Correction or we could say it's taking profits.
There will always be individuals and groups who want to hoard more cryptocurrencies.
So the one way to do that is sell high, buy low instead of spending more fiat just to add more in their balance.
It might be a risky move but that's a good way to save money by using the price movements.

We have reached the lowest point, there is no more dropping anymore and we are not going to get another drop, do not feel fear about what is going on because we are doing fine so far and we will keep doing fine in the future as well, there are a ton of people who feel fear because we dropped a bit but I do not get it, this is finance, obviously we are going to have some sort of drops and that is normal but the reality is that we do not have to have any sort of fear because of a drop, since the movements are always in cycles so it will go up and it will go down and it will go up and it will.. basically it will always continue like that.

What you need to realize is that even if there are drops, in the long run, bitcoin always goes higher, it may take a day or it may take a year but it will make you a profit no matter where you buy it at, even if you buy at ATH you will profit from it eventually.

Oh I know how it went in 2017, but like I said, if 2017 and even any events in the years after that including March 2020 which was arguably even worse for most people, doesn't teach you about crypto, and if you're not prepared to see red candles like this even during a bull run, then really, crypto may not be the right place for you.

I think people come in and expect things to only go crazy up. But crazy down is just as, if not more possible;)

The crypto market from bitcoin to altcoins right now is too bullish to become bearish and I dont think the bull already ended its too aggressive at this time, a healthy market needs correction even in 50% or 40% still its part of a market no need to worry when all people are entering crypto this is not like 2017 this is really different.

Why after August? It makes no sense if we consider that ATH in the past always came 1 to 1.5 years after halving, and the math in that case is more than clear. It would be more logical if you wrote January 2022, because Q4 has historically been a very profitable month - and this year it has even more bull potential than 2017.

The problem with OP and those who can not wait for the correction and bear market is that they definitely live in the wrong year - 2020 -> 2021 is by no means what it was 2017 -> 2018.

August because I don't want to be around when transaction get impossible and everything goes parabolic and blows. Remember the $72 transaction fees? The three day wait for confirmations? Trades not going through...
Everyone knows december is evil and is to watch out for, so many will reap before that...

Crypto is for those whose willing to take risk and can watch his money drop. It’s for those whose willing to wait and know that it’s still not a loss as long as they didn’t sell it. I remember before I even uninstalled trading-view and some apps to avoid looking and monitoring the price when the bear season happens way back 2018. Now i guess I'm immune with some drops as long as I already managed to-put some bracket on how much O can sell or when to stop loss.

Your experienced brings that good edge among other traders who are just starting with this market, the nature of this market is very volatile, not knowing what you are doing is not a good practice,. Knowing some good strategy in anticipating what particular market
will bring in the next few days will be a big edge.

Trading is not how people thinks of it, it's not an easy access to richness, it's a process where survival of the fittest is well-practiced.

I do have the same behavior back into those years where we are on a bear market where i do really tend not to look any charts or any apps that do show off prices as best as i can due to im bit
not able to control up my emotions when dealing up with things.

Due to experience, you would able to mold up these kind of self control and discipline which would really be helpful when the time comes.Hoping for some bearish market
isnt ideal and its better to cherish out these bullish moment and take profits with it than on minding for some another bear
market.

Before we don't know on what's going on since the market is build by pure hype only that's why many got scared when dump has occured and that's the reason why we see such huge dump happened way back 2018, I myself  uninstall my blockfolio,trading view and other price tracker app before since it's really depressing to see how huge I lost before when market drop so bad.

Its just a correction. Currently the market is bouncing back again and it seems a bullish status is not yet over. Im also waiting for huge dip to buy back of the coins that I already sell to take profit.

Well, its really depressing to see our assets losing their value but patience is the key to be able to bear those times. I also forget the market for a while during that time (2018) to not get tempted to sell. But now I think the situation is different from the past because the reason for bullish market is due to adoption of huge companies and not  because of manipulation.

There's no massive correction yet, bitcoin is still bouncing back although not as bullish as before.

Let's just carefully observe the market, but as for me, I would not ride yet until bitcoin makes a new ATH as most likely bitcoin will just dump if it will not break the bigger resistance.. once we are at $59k, then maybe the FOMO will start again as investors would think of bitcoin breaking out to $60k.

Watch closely!

If ever you'll see the start of a bearish season, remember, you won't see less than a 50% retracement happening on the charts of BTC alone. Chinese New Year, Elon Musk's negative tweets about BTC price, whales wanting to buy lower and also taking profits, no liquidity in the markets on weekends so easy to manipulate, blood bath on Mondays, etc. List is big but still BTC hodling above $51k, you need anything else?

A true bearish season might take a year or more to arrive yet, people are possibly jumping the gun.  We will pullback if we are to remain healthy though, it can still be bullish after and during that.

Heres a quick trend I'm watching on the daily:
https://talkimg.com/images/2023/06/12/AjzTf.png

Its quite messy on any lesser time frame, there is some question and doubt in this area as we cross back and forth in this price action range.   The dollar index DXY is rising and is above 92 now which gives me some pause to consider possible pullbacks inline with the general market but so far price remains elevated for some time.
  Breaking trend on a time frame returns us to wider action like the 50 day average below in lower 40k area, I think thats a reasonable scenario also.   The OP question on an entire season of bullish action is not yet in prospect, we have no trend down.

For those who say Bitcoin will soon enter the bearish season, so do the analysis correctly. Because I don't see any indication in the near future
the bearish season is coming soon. Especially if we see the price of Bitcoin now starting to rise to the price of $ 52k, this is a good sign that Bitcoin
will soon pass the resistance price of $ 55k. If the $ 55k price gets past the Bitcoin price will definitely continue to rise and could return to the ATH
price of $ 58k.

I dont think bearish market will appear this year, because i see that the bitcoin is now start rising, it only down for a moment and rise again so i think there is no room for bearish season this year, i believe that there are still bearish season but i think it will not occur this year, because bitcoin is now mooning it slowly rise and now it is near to 55k$.

People may have some fear that they will lose money, to be quite honest I have been making a profit like I have never made before during this period, some people literally got in with tiny amounts and made enough profit to retire forever, of course it depends on what you invest but if you find the bull run and hype in few coins back to back you could have made insane amount of money, just think about hitting 5x with 5 different coins, 1000 dollars becomes 5000 dollars which turns to 25000 dollars that turns into 125k dollars that turn into 625k coins, of course not that many people did that but there are few that started with 1k and had 100k+ by now.

This is why many people want this to go on, I want this to go on as well, I haven't made that much money, I did barely a 10x so far, and if I can continue a few more months, like just 8 more months, I will have enough money to basically just retire at an early age.

You are talking about the period from the end of 2017, then we did not have SegWit and crypto exchanges did not mainly apply batch transactions. Given how much the price has gone up, the fees haven’t risen so drastically though - although the time of $0.10 for the fee is definitely behind us. The problem of large fees stems mainly from ignorance, because how to explain that at this point someone is paying 400 sat/byte, and for confirmation in the next block 50 sat/byte is enough ???

Everyone has their own strategy, but I don't think things will go so dramatically that the fee will be $70 + or that a big crash will happen overnight if something as dramatic as a pandemic doesn't happen.

I agree but each cycle we hit new limits. Stress testing Bitcoin and the infrastructure is good...
Let’s hope nothing backs up or explodes :p

How can you called that Suddenly when the price still stays at 45,000-50,000$?  and look at it now , 54,000 value ? lol You must be glad that we are almost closing to 1st quarter yet the price is on this high?
Yes that is correct , the price has small lows because of those who are waiting for this chance to profit had already sold their coins and now they are bitter because the price climbs up again as they thought of buying again once the value fell low to 30,000 level.

Crypto is a lot more than that, but yeah, definitely is is about the tolerance for risk. Most people cannot bear to see their holdings drop to below 90% of the value they bought it at, but the long term gain is the target for those who believe.

Unfortunately it does not matter if the project or coin is worth it, the same crash can happen to a good or bad one. That's what makes it so risky to hold on to. HODL is not always a good mentality, not that people can practice anyway!

It seems a lot of people were hesitant to buy ahead of the temporary volatility two weeks before the price of bitcoin plunged to $ 44k, I have seen some panic and fear a major breakdown.  Some don't realize just how much of a difference this year's bull run.  I believe this year's ATHs won't stop there, and predictions of a bitcoin value of $ 100k are entirely possible.  I have absolute confidence in this year's trend.  For perfect results, just hold on.  You only succeed if you have enough confidence.

1 trillion you meant right, I'm not surprised it was due to come by, the market has been the talk on all media lips this last few months and institutional investors are making the fun more interesting with their massive support for the currency. Don't think we'll be going down anytime soon. We meant experience certain down times but it won't last since all the news are bullish.

Reports came out few days or weeks back of miners now accumulating instead of selling and you can see the market reacting positively. News like this would be coming out simultaneously and this will affect the market positively as traders and investors join in accumulating too.

The recent emergence of two bitcoin exchange-traded funds (ETF) also provided a major boost to overall sentiment because more investors will be able to gain exposure to the leading crypto asset.While these fundamentals are incredibly promising for bitcoin’s long-term prospects, there are a number of indicators likely weighing on the current uptrend. This does not mean the price will necessarily fall, but they are signs that a cooling-off period is overdue.

Yes, we are in confirmed bear season indefinitely.

Thank you when I get to my pc i will be sure to sell a few thousand dollars off.

I get that people could be fearing but that is no reason to keep talking about bear moments constantly, why would you talk about bear runs if you are worried about it? You are basically speaking it into existence if people keep talking about it. We should FOMO constantly to keep making money, so that means if anyone says "will bitcoin go down" they are creating a doubt in others minds as well and they are affecting the price badly, and that is why there are two kinds of people who would start a topic like this.

First is the guy who would panic sell and get out on the first sign of price dropping and would be newbie and have no idea how crypto works, the other one is the guy who missed out on buying at lower level and now talking about how they could basically buy more if it drops and that is why they are looking into bitcoin going lower.

This should show us the strength and the speed at which this market moves, just a few days ago bitcoin was having problems moving and now it is sitting at 55k and not so far away from its ATH, people need to learn to not worry as much as they do in other markets, a drop like what we see in this market happening in the stock market should be a sign of alarm but a big movement here is not a big deal and bitcoin can recover almost immediately from it.

Actually I saw that it did hit $57k again, but after that, it goes down again. Probably bots are set up to sell @$57k, because it was very quick dump and now it sits around $55k again, ah, and I was thinking that I should have sold at $57k, and then again, no, I'm not a newbie anymore, I shouldn't panic.

Stocks is very different market though, it's going to be alarming to see a 25%-30% drop, company are affected, investors panic, and everyone wants to find the reason. Not in crypto, very volatile and yet it is the best asset right now.

Then just five days after your post, what do you think, OP? Still bearish, or suddenly became bullish?

Zoom out. Bitcoin is on a path to price discovery going to 6 digits, and it will become a world reserve currency. No one believed the people who said it last year, and thought it was just shit-posting. They believe it now. Everyone is shit-posting. 8)

And after just 3 more days we now have reached a new all time high, people need to learn how to relax, I understand that many are worried about a 2017 kind of crash coming and I get it but it seems that the circumstances are really different right now and we could get to 6 digits before the end of this year, especially if governments keep printing as much money as they have been doing recently, however is it really shit-posting if they were right all along? Are they not misunderstood visionaries instead?

Maybe OP just got frustrated the day he saw a market of bitcoin drop frkm $60000 to $45000. Well the difference is a quite large though but what we have always told here in forum that the bearish was not yet come and if it would come i guess the market value of bitcoin would not be the same as what the 2019 bearish of bitcoin. Bitcoin now was too far different than the bitcoin wayback 2009-2019. Now we are dealing with a trendy bitcoin and more valuable than it was before.

Common impressions when you are really that seeing your portfolio which are really going in reds where you do usually freak out when you arent really familiar with the market.
Waiting for bearish season? Its better not to mind that because it would really come soon but for now lets just see or witness on how this market is really behaving at this moment.
Bitcoin did hit 60k which does indicate that we are really in a bull run even though most alts arent really on the same extent when it comes to gains but at least
the entire cap is really rising which is really a very positive or good news to us.

However, we have seen some minor dump in the market in the last 24 hours, maybe there's a FUD or something, but there is news that someone move $1 billion. Anyhow, we above $50k, still a good sign that we will have a strong support along that price.

And again, no need to panic, another great opportunity to buy again in this correction. And it's not a sign that we are in a bearish trend already. Just minor hiccup because of some negative news.

I also noticed that small correction after we reached 61k but it is normal, the price is once again challenging the 60k level and it could be a matter of days before we go back above it and we could reach yet another ATH, I would have thought that people would have getting used to the way bitcoin moves, I understand that if this was the market of gold and we saw such a correction I will be extremely worried but in bitcoin this is so common that is not even newsworthy.

Bear season is where bitcoin does a massive correction just like what happened in 2017 and it lasted until mid-2020 if I am not mistaken. Bitcoin already tripled its ATH last 2017 and many altcoins now are also increasing very fast. Mass adoption is happening so I think this bull season will last for a year or so. A small correction or dump is normal because it retests the support, if bulls are strong enough to hold it then a new ATH can happen again. Those are also testing the new adopters if they are strong enough to not panic sell and for others to be a buying opportunity as well.

This tell us that the people that are now complaining about a possible bear market were not around when that happened, this is nothing like that, the correction was minuscule compared to what happened back then, and it was not only the drop in the price it was the speed at which it happened, and then the bear market lasted for years and many thought the market will never recover, compared to that this slight decrease in the price is nothing.

Yes, however, we haven't even reach the top yet, so there's no bear market that will last for 3 years just like the last time. On the contrary, since we don't know what is the top, this bear market could be different as well as bitcoin's narrative has evolved as well.

Now, it's a different ball game, bitcoin is now on the companies profile as a reset asset in their balance sheet. So we're not in a bearish season, not even close, bulls will remain dominant till now.

A little correction, 2017 was bullish and 2018 was the bearish season. And it's indeed no sign of bearish run yet this year. Institutions, big names, and companies are still in a trend of entering the crypto market. So, that's enough reason for the bullrun to continue, but that's not guaranteed as well. Once the whales starts dumping Btc, the price will follow suit.
$15,000 might be the sharpest drop If Btc dumps.

Many times for bitcoin go bearish but when it dump for thousands of bucks the whales execute their buy orders to support bitcoins and maybe this kind of scenario are the one we can experience this year and those heavy drop the same on year 2018 will not be seen since big supports from big investors are still hyping up the scene. And lets not focus about dumping possibilities since for sure this will not happen, the $100k discussion still floating and this is the new target to be reached by bitcoin.

Indeed. I think it is still early for Bitcoin to go bearish. What were have been experiencing are just corrections, if Bitcoin falls it doesn't mean the bear trend has begun this is just a mere correction and I think it is normal and healthy for the market. Expect that after reaching the new ATH there will be a major correction. To be honest, no one exactly knows when a bear will come but one thing is for sure if those whales decided to sell off then that will be the start but for now, they keep buying and holding so I guess the bull run will continue to rally for a meantime. Personally, I believe Bitcoin will set a few more ATH this time.

I think the same, it is also likely to continue growing, when observing the movement of Bitcoin in the short term using the tensorcharts.com platform we can see:

https://i.imgur.com/MyQxjpO.png
tensorcharts.com

In 1 hour intervals the sales orders are in the order of $59.7k.

Although the volume shows a series of purchases, the difference gradient tells us that there are more sales, but to buy they must make sellers, if a green candle is forming it is because most of the negotiations in 1 hour are merely buyers.

The points in purple mean that they are the number of negotiations, it is like a pool that is formed according to the temporality of the market, in this case I analyze it through Bitfinex. I really doubt that a bearish season can stand out.

We hope for what is better in the future, I see that in the last few months there has been no massive dumping even just a little correction and then it grows again, which we feel now, and it is also true that investors still continue to believe that their investment will be successful this year with the maximum digit achievement, well, here we are aware that bearishness occurs even though conditions are recovering, although if some whales waste tens of thousands of dollars later in the order list, I think the shield will remain strong considering the current situation.

I think bearish will probably start when people are finally out of coronavirus, not like we will be completely done with it, it will always be there, as long as it spreads from one person to another this way I think it will always stay, but if we could achieve something that would make it not a deadly virus but a small thing, we could actually lower it.

For example, regular flu is something that has been around for a century, and people do die from it as well, but at the end of the day we didn't locked ourselves in our houses or wore masks during flu season did we? This is why I think this virus will turn into regular flu we all know, and at that point when we are slowly getting there, the price will slowly go down as well. Without the virus people will go back to their regular lives that has a lot of fiat and we will see crypto becoming not so focal point for many people.

I find it interesting that you think the bear market is going come when the pandemic is over, why is that? It is not like all the money governments printed is going to disappear and with more taxes coming and even more money being printed then it makes sense for the price of bitcoin to at least hold out near the current levels, and there is an argument to be made that the end of the pandemic could make the price of bitcoin to go higher as people that were careful with their money begin to spend it and this drives up inflation and with it the price of bitcoin as well.

mentioning that we have experienced or witnessed the Rise in Fortune , isn't the right time to expect fall ? there is no permanent increase in everything that money matters and we all knew that this time will come.
dumping almost below 50k is really a sudden situation but if we knew market we will trust that price will come up again soon.
2021 is still the Blooming age of Bitcoin because of the past crisis and economic almost collapsed , People fund that crypto is one best way to Hide and keep their Money safer.

Don't panic yet, the market is still ok correction and dip is always here, there's always traders and investors who will sell their shares for profit, and we cannot stop them, it's how the market works, there's no such thing as one mindset, and there's always traders and investors who go against the tide, I don't see the dreaded bear trend coming in this year.

Crypto market volatility is high at the moment...
I don't think that the price of cryptocurrencies will drop dramatically as long as the Bitcoin price is stable. Bitcoin price is currently very stable and it doesn't look like it's going down to $ 40k yet. I see Bitcoin price will be hard to drop below $ 40k.

At the moment the market is taking a good turn, I do not think it is going to a bullish trend, I think that these days it was in a correction, now my personal analysis coincides with one of this analyst who published on twitter:

https://i.imgur.com/yWQjdaa.png
Twitter: https://twitter.com/BinanceKiller/status/1375503013259964420/photo/1 (https://twitter.com/BinanceKiller/status/1375503013259964420/photo/1)

It is an analysis that it may be very likely that we will see it, although it is merely speculative, it makes a lot of sense that it occurs.

Nowhere near.

People are still talking about a 6 figure bitcoin on the regular as there is a ton of FOMO left within the market. Also just based on historical trends, it seems much more likely for BTC to see a further rallies going later into 2021 (since most bull markets last 1-2 years, right following the halving year).

But do expect price action to taper off relatively. The size of the pumps we saw over the past few months is simply unsustainable.

That's right.
We know that every increase will always involve market correction, but this time it was deeper than we thought. that is why many people are panic because of it.
however, I personally still believe that it is a market correction that will lead most cryptos to a higher price.

we can see the price right now, most coins are increasing again, turning into a green market only in ew hours. And now they are struggling to reach higher and higher prices. Just don't panic sell that will actually cause the price to fall so easily again.

We are just getting started, there will not be any bear season in this year 2021, if your intention is for a bear period that will last for  long, put your eyes on the last 2 quarters of next year (2022)

Correction, the price is moving up again, there is nothing to worry about, the only time that we have to worry is when the price goes down 15% or when there is a big dip and it's not recovering for the last 5 days, this is a bad indicator, but right now the market is very quick to recover a good indication that we are still in a bull run.

It looks like it's not yet due for correction, yes in the past few days there was a sign of correction but it looks like the market is healthy again. All of that can be attributed by the bullish run of bitcoin, as long as bitcoin is bullish, there's nothing to worry as altcoins do follow always.

It seems to me that people really need to learn how to be more patient with bitcoin, once again it is very close to the 60k level and it is likely that we are going to surpass that level during the next weeks and then reach a new all time high, a drop of 10 or even 15% could be enough for many other markets to become bearish but that is not true for bitcoin, we will need to see at least a 30% correction in order for the predictions of a bear market to become true.

30% correction isnt something that can be considered to be bearish but somehow if the price had stagnated with that level for a long time or moving sideways then we do consider that one
but if recovery would comes next after such decline then that would be just a typical movement in the market where  everybody do loves to play along.Why searching or waiting up for
bearish season?It would be good if you do just simply ride on what we are currently experiencing at the moment.Bitcoin could possibly break out that resistance this time.
Too fast? We cant really tell but based off on observations then its truly remarkable.

Massive correction?? Really, try to look at the market now. I just don't know why every correction people think massive correction, are they don't read the chart or history about cryptocurrency??

Not every correction will be a massive correction and try to look at historical chart to prevent question non sense

Not even close to an entire season of bearish, it can pull back if it first breaks momentum but its already seen the 50 day average recently which was a quick bounce soon after.
 At present its good above the 2 day average:

https://talkimg.com/images/2023/06/12/AVqR1.png

Ignore that possibly and just count the 58k level seen on Weds as the place to watch for a pull back signal.

the facts are simple this thread is far off reality.  

Every price from Jan 1 to today is higher than any price for any other year.

And when the thread was started on march 6 has been over 42k.


edit over 48k.


at op We are not bearish or remotely close to bearish.

At current difficulty we need to drop under 30k for a few weeks to be bearish.

Now if we go sideways for a few months in the 50-66k range with difficult moving to say 36 then drop price to 30k

it would be bearish for miners.

Miners are so far ahead of the game true bears wont show until miners are hurting.

The bears will be very slow to wake due to the lack of mining gear ⚙️

Nothing is certain , evaluating the Movement of market  , it seems that those Ups and Down are only product of some corrections and some others that taking their profit from Holdings because eventually the price is returning to what it comes from.

Bitcoin from 60k is now getting close again and we can see how many times that bitcoin make a ATH over and over again.

So I believe that Bearish is not yet happening instead the Bull is just resting and coming back for again .

At some Idea , Yes we are starting again to climb high like what january , february and March bring .

Now that new quarter is starting lets see how Ups we will getting.

I also agree with the majority here, we haven't seen any bears in the market yet. The bulls is still in control, although there could be some minor dips, but that's as close as the bears can do right now. As there are good news coming our way, this 2021, we are not going to see the price crashing so hard that we can say that we are in a bear season. Still time to enter at this price, although expensive, we have a higher chance to go to $78k-$100k at the end of the year, still profitable.

Actually it depends on time frame that you use, I mean when you use low time frame like 1 hour-4 hour time frame then it will give a sign for short term prediction but when you use 1 day until 1 month time frame then the signal that will you get for long term prediction.

But, when I predict and using high time frame (1 day-1 week) the sign that I get is the bull run market is still on the hand.

There is no sign for the bearish market come, indeed the previous weekly candle is formed as a red candle but for this week candle will be formed as a green candle that will indicate a bull market is back.

We just hit $60k momentarily, another sign that we are still very much in the bullish phase this first quarter of the year. So the prediction of bitcoin hitting $100k is still alive at this point. Although the price right now is very good, just as we compare it last year when the price hi a snag to $4k because of the covid-19 scare. Now, it's a complete 360 degree turn around. It might take some time before we go on a bearish scenario, not this time that institutions keeps on investing.

Pretty much the $100,000 target this year is very much alive. Not only does the institutions are continuing to come into the market, but there's still so much hype from big companies and even governments gradually adopting Bitcoin.
I'm not quite sure, but I guess the rise of digital currency from CBDC is inspired by the continued growth of Bitcoin, and so It does affect Bitcoin's price positively.

I do not think that we could consider this period as bearish just yet and I do not think that it will come anytime soon neither, it will probably reach to a super high levels in the end before it crashes down. I think something like 100k and then a drop is more possible, by the looks of it the current situation is not anywhere near the levels we should be worried about just yet.

I know that everyone is expecting a big drop from bitcoin because we have reached to a high level but that doesn't mean that we have to drop, I know expecting it is normal because we have reached from 4k levels to 62k levels and I do not think that we will end up with 10k levels ever again, that was it once upon a time and it's over, we are not going to see that. So, even if we see a bullish run I am confident that we are going to stay above 20k for sure and we can arrange our investments accordingly.

It's been a month since OP created this thread and there's no indication that we are going to have a bear trend, there's news that PayPal is now allowing cashout with Crypto so this is another good news and will push the price up, so far many good news are coming in if these news keeps coming in there's a possibility that Bitcoin will hit $100k finally.

The recent monthly candle is the green one with a little bit of tail so I believe the bullish is still in charge of the trend. Nothing to worry much about. A flash dump can occur in order to correct the price. As you can see, we are in the opening of the April candle so the bearish force will try to take a slight profit for their Q1 of 2021 so if you are a day trader, be careful with your order because it can be wiped out

The momentum will remain the same till the end of this year. More information is needed so as for further observation. From my perspective, individuals and companies spend more time focusing on bitcoin. Moreover, Paypal, Tesla, and NFT are all good signs to the cryptocurrency world

Bears out of hibernation, autumn might be more dangerous.    We're back to the weekly average here which can be important to note in momentum terms:

https://talkimg.com/images/2023/06/12/AVO5T.png

If we close below here on a 4hr bar its reasonable price pulls back some but otherwise its likely to just continue to cycle and from a wider view go sideways overall.
   From a trading point of view I want to see more action around the 50 day average, if that were to occur then we'll have a lower high here which can be said to be bearish in a more important way then just pure speculation and waves of trading.  However overall the market is especially strong for some time now and any negative view should be in the minority.

Price to watch:  57493
Closing high of the mid point to FEB, consider it something of a pivot now to the sea-saw between bears and bulls

As always, bull run come in an unexpected timing, we haven't thought it would come during the time of pandemic but here it is, most of us maybe did not see it coming, so most probably the price correction or dump might come anytime and we will be surprise again.

As the FOMO is getting bigger and bigger, more investors will be disappointed once heavy correction start, but for us who understand fully the nature of the market will never panic nor be surprise.

People should not panic if there are dips from time to time it's normal only newbies who don't check the chart and history will panic sell when there is a correction, the Cryptocurrency market is moving great right now, it's still a good buy at $59k if there is a dip it's a good opportunity to buy rather than to sell, only if you are selling for profit.

Why people are too panic? We already saw several big dumps during this bullish season, but finally the prices of crypto coins increase again gradually. I think we are still not in altcoins season, so the bearish won't come before the altcoins season happens. Although many altcoins already increased quite big but I think the increases aren't enough to be called as altcoins season this year. So, just buy or hold if you see the big correction, it is not the end of the bullish yet.

It is interesting, curiously at the moment the price is going down a bit, could it be a correction and will it recover quickly?

Looking at your analysis, it reminds me of when I read a Cointelegraph article that I quote here:

Source: https://cointelegraph.com/news/price-analysis-3-29-btc-eth-bnb-ada-dot-xrp-uni-theta-ltc-link (https://cointelegraph.com/news/price-analysis-3-29-btc-eth-bnb-ada-dot-xrp-uni-theta-ltc-link)

Which is a technically possible scenario, plus it may also turn into a little bearish trap for some to sell bitcoin cheap.

BTC is very bullish since the beginning of these year, we are in the first quarter of the year no any sign of bears in the market, the price had just  hit $60K again where I believed the resistance at that zone had been very strong, after several attempts to break it, the price got rejected the price get corrected just as it is now.
I do not see any reason for panic or fear of the price entering correction to a full bearish mode.

This correction occur periodically after the bitcoin price has been pumped up strong enough. As usual, I think the market will recover soon. Meanwhile, the current market situation can be considered as a perfect time to place a buy position. Not many people think it's a good time to sell everything. The market still look quite strong, this is what will support the market to recover soon. Without analysis, we wouldn't even dare to buy bitcoin right now because the price is so high. The fact of the matter is that the risks of buying bitcoin are worth the long-term benefit.

Agree with STT -- forget the winter, we're probably still in spring or coming to summer and autumn could be even more dangerous to set the tone for a long, dreary winter.


Hasn't that already been what's happening the past week or two? "Correction" and a quick recovery, albeit only a flash moment of touching $60k? It is curious for me too, that it still ended the last month on another consecutive positive gain. This definitely didn't happen in 2017.

But it didn't pump up strong though? we didn't break all time high during this recent rally, it falls short of $60k. So this sideways pattern again, or consolidation. If the market is quiet for the next week and continue this trend, this could be the calm before the storm again. We've seen this pattern, so I wouldn't be surprised if an imminent break out run.

The market is super bullish now, Price bounced from local support $44k and continuously growing rapidly. Still, I'm bullish in my long run, I opened my long position from $44K and will hold until Q4 of this year, Already I've fixed a part of my profit at $60K, and waiting for further upward movement. Daily MACD chart is giving a bullish setup towards $70k, my next target is 70K and then 100K for long run.

We have seen countless similar situations on where the market had been moving sideways for a long time then suddenly make out some nasty run but we cant really exclude out the possibility
of a market flip or bearish run when something theres uncertainty towards the market.

Why people are rushing out for bearish season? Based up on observation that the market eventually make out its recovery after it had corrected for few percentage.

Lets wait for that situation to happen because market cant just have some rise like forever.There would always be a bearish time but not for now.

That is why I wrote at least in my previous post, in my opinion that is the minimal reduction in the price that we will need to see in order to begin to entertain the thought of a bearish market making an appearance, as you say after such drop we will need to see the market moving sideways for a long time in order to finally declare that the bull market has finally died, this is why I do not get people, they want a market with high volatility that can make them big profits in a short amount of time but they get scared as soon as the price goes down a few points.

One month after you created this thread we are still good and we are still in a bull trend and will continue to be on the bull trend all this year, the PayPal news is and much good news coming in are what will keep us in the bear trend, there's so much expectation in the month of April because this is regarded as the best month when the bull season arrives so we'll see about if the April trend continues.

Chart to follow up it recovers once again:

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

Breakdown failed its trend after a few 4hr blocks, the lows being the prior highs of over a week ago.  Overall that's still bullish, then we have the weekly average its broken below now confirming above on 4hr bars as Japan opens.    Then I think to properly break the range of this negative Saturday move it needs also confirm above 58.5k or we might just cycle again.   Japan action can be quite negative and contrary to weekend pricing.

This still stands, we really did nearly move below it but the very next 4hr bar moved right above it.  Its been faltering but its not broken downwards properly, bears frustrated.   No time to lament, actually breaking down here would count more, below weekly average, a broken rally etc.  could be the start of something wider

In my opinion probably the best news that we are seeing telling us there is no way the bull market is over is the fact the miners are still accumulating their coins and that the number of coins in exchanges is still going down at a fast speed, when you add those two factors it means the supply of bitcoin available for trade is going down dramatically and sooner or later this is going to be reflected in the price, and the only direction the price will be able to go is up.

Its hard to tell now on when is the bear season since there are so many accumulation aspects happen due to recent adoption. Maybe we cannot experience heave bears right now so accumulate once correction happens since this is perfect time for us to accumulate and earn.

Well I can say the trend will continue on april but tge one should we keep forward is the month of May.

Always take precaution when making out such step because we dont know on what would be the things that might happen ahead.Always set out Plan B's if the initial plan or action
wasnt successful and honestly having this kind of movement in the market is really hard to guess on when its moving sideways on where you cant determine on what are the possible
next movement that it could possibly try to reach on.For now im not expecting for some bear runs because basing off with sentiments in the market then we are still on that bullish side.

Have to see the huge changes happened now? If we keep thinking negatively, we always regret it.

We gonna see price correction all the time but it is not a thing we consider about the bearish season to start. Why not wait sometimes to see if there is no progress and market recovery and that serves as a conclusion that we are into that season. Because if we are in panic for each drop we saw, that certainly ended up at a big loss.

I wonder when people are going to learn? After a few days we are seeing a new all time high that just happened a few hours ago, people need to learn how to deal with the market not growing every single minute of the day, if they do not learn how to do this then I'm sorry to say this but they are going to lose their money, they are either going to get out of the market or they're going to short it or they are going to invest in altcoins but basically they are not going to be invested in bitcoin when it counts.

The present movement of the price in the last 24 hours shows that we are nowhere the bearish season. And as majority is saying, $100k is the biggest goal for this year before we can see if we will have a massive sell off that might stake the bear market, or the sell off will be just another market correction and then push to $100k or higher. So we might not see the bearish cycle for this year, in my opinion.

The market demand pushes the market also keep moving high. We can't disclose the bear season to come but as we can see from the chart, it seems to be not close to the possibility. Now I think that almost everyone is in holding now, even miners doing the same. This means that the market price will likely move higher than expected for the dump to come. Maybe we could see some corrections as it was really possible but not it means the bearish season will start and that is why we don't need to be panic.

Slight pullback but quite normal, I think it can hit the weekly average maybe but recent low was 4 day average and also the top of the Elon musk tweet action obviously its not just him but thats how I'd label it short term.

https://talkimg.com/images/2023/06/12/AVo4D.png

Currently its at the 2 day average, low was the peak of March pricing so might be fair measure for the moment.

I saw the news about Coinbase which will soon be listed on Nasdaq, this of course will also make the bitcoin price level stronger than last time. Regardless of when the bearish cycle will occur, I am a little sure that with the massive number of celebrities promoting the current NFT as a trend and also a lot of money going into crypto, bearish will not happen anytime soon

We cant say that it wont happen but it is less likely to be seen as of this year where the market is had been barraged down with lots of positive sentiments or events which would really be helpful

into further adoption in the market which is really great on the entire community.Price is already to expensive to buy a whole coin but to consider that we can still buy in portions or satoshi.

Bearish season might come but it wont really be early on this year if these positive news do keep coming every now and then.

Ya ya, What I mean is that the price is already high but there are still many people who put their money in crypto making the bearish phase going to be longer or will not happen anytime soon (although market cycles like berish are certain) because most people see crypto as an opportunity to get profit, so the price will be difficult to go down

When looking at the volume of Bitcoin, there is a lot of negotiations that are being generated, this means that there is a lot of activity, it does not seem to be bearish, however many analyzes pointed out that it would probably decrease by 50% after Coinbase was listed on Wall Street , but after these moves Bitcoin has held out at roughly $ 61.5k.

https://i.imgur.com/VjxGleo.png
Source: https://u.today/btc-eth-and-xrp-price-analysis-for-april-15 (https://u.today/btc-eth-and-xrp-price-analysis-for-april-15)

What I like the most about this analysis is that it uses the "Volume Profile" and reveals that for a period of Days, it presents a greater number of negotiations from $56k- $62k.

In bearish trend, money will be leaving of crypto markets then people are having hype about crypto market will be get less enthusiasm and then might be leaving off as well. Only when we are having lots of new investors, will be able to continue the bull run but when some people are leaving off for some reasons then automatically we will get into bearish trend. So, there will be no wonder then those mentioned celebrities will be leaving off this crypto space for their own reasons then definitely we will get into bearish market without any doubts.

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

Break of a trend, are you happy now  :P   Its now trading below this diagonal line shown here which in theory gives us some significance to observe.   Its only 1hr bars, I havent looked seriously but in any case I have been thinking a return to weekly average would be reasonable for a few days and thats the 60k price

Weekends are coming so I expecting that the price will turn back high again.
That will be another break again, and we often experience that from now on.

We are staying for long at $50k-$60k price range and never have a chance to drop below the line for a few weeks (if I don't miss it). There is so much demand helping Bitcoin price to stay the line, we experience some corrections but that easy to recover.

For most gainers cashing out is part of the drill, they are good in placing their timings, Money always speak louder than anything.

There are big chances that big investments are being pulled out as the profits is very decent,
they are enjoying now all the benefits and they are moving sideways and for sure they are waiting
for another good position.

Give it some days and it will bounce again, new investment still on its way!

People that have not been in the market for long get too worried for my taste, I understand that they are still learning but they just need to watch the charts and the movements of bitcoin that we have seen during the previous years in order to understand that the minor corrections that we see from time to time are nothing to be alarmed, the price is still going up, we are still in a bull market and it is probably going to remain this way for the rest of the year.

Bearish season has no display, it seems like it's not coming anytime soon, lol..

Some are definitely hoping that bear season will come due to personal interest, like they want to buy because they miss the opportunity, but it all depends on how long the new investors are coming, they are definitely one of the reasons why we are seeing an ATH after ATH.

Pretty much my thoughts also, weekend is easier going however the volume on the price after hitting 61k and rising has been weaker.   This area will be tested again I think before any rise going forward.



So I didnt post at that time but 61613  (https://talkimg.com/images/2023/06/12/AVcwj.png)was my idea for closing out any negative trade for today, rising and moving above that ends the negative sentiment in appearance.   Its the prior low, so it did beat that and we're closing out above the lows.   Its fairly simple to recover back to that 1hr positive trend then sunday into monday I expect a proper test once again with main market volume, 62 and high as 63k we havent yet proven positive.   Some have aspirations 70k and beyond, so long as it holds 59k on any test that probably means we resolve upwards.

It think so too, many of those that want the market to go down in price are people that lost the opportunity to buy coins for a cheaper price and now they want that opportunity to comeback but I have my doubts those people will actually take advantage of the opportunity as if the price was really crashing do you think they will actually buy bitcoin at that point? Of course not, they will be too scared to buy since now they are going to be afraid the price will go even lower than the levels they are currently watching.

When we don't dare to take big risk, then we won't get big profit either. That's what has always haunted investor who were afraid to buy bitcoin from previous years when it was $5K- $10K. There is always disappointment after they see the fact that bitcoin is reaching a new ATH, they say that they are too scared to get on the lifeboat with bitcoin because the swing is too strong.

I agree because i believe that big risk comes with big profit, crypto is always risky if you dont wanted to take the risk then crypto is not for you, it is high on volatility and full of excitement, I am in crypto for almost 4.5 years and i can say that my experience is not enough because i still can't control my emotion when i see that the price of the coin or altcoin that i invested go down, and sometimes i can't deny that i lose a profit because i easily get bored on waiting for the right time to sell, but i am always looking forward to the future and keep on going because i know that someday i can manage it all through studying hard about cryptocurrency.

Currently there is a slight correction in the market, however one of the most named in the market as Peter Brandt believes that this correction is not a cause for concern, however 17% is considerable if seen from another point of view, but for the veteran it is not.

In this article he shows some facts:

https://i.imgur.com/ci6gAcC.png
Source: https://cointelegraph.com/news/peter-brandt-laser-eyes-to-blame-for-bitcoin-correction-but-it-s-very-mild-anyway (https://cointelegraph.com/news/peter-brandt-laser-eyes-to-blame-for-bitcoin-correction-but-it-s-very-mild-anyway)

According to Brandt, the correction according to the history shown may be around 35%, which means that the market may fall back to $46k, it is probable and it is a scenario that can occur. It's all about waiting and seeing how the market continues to develop.

I am quite interested in how this man react with bitcoin. It is hard to draw a conclusion on bitcoin when everything keeps going and up up and up. But he is totally a genius and demonstrate a abnormal analysis which I believe not many traders or advisers have the same idea

I did buy some bitcoin around $54000, honestly. Fortunately, I only buy 50% of my capital so that if the price ever goes below $50000, I will spend the rest for it.

From my perspective, a 35% can be either a correction or a reversal. We cant know for sure. More information (the behavior of the market when bitcoin is below $50000) is required in order to make up a unmistakable final conclusion.

I doubt that you will get chances to make use of your remaining 50% of capital. People keep saying that bitcoin is known for surprises and in that same way I will not be surprised if bitcoin again proves its potential by not obeying any of technical. I mean honestly I am not expecting bitcoin to be testing the 18 week moving average line.

Market is slowly moving downward which is all new thing for bitcoin markets because we have seen downward movements are too fast and do happen in day but this time it is slowly approaching lower lows on day basis which shows there are enough buying pressures to keep and launch market toward upside at any time.

I wonder what are those people thinking now? Even if the price of bitcoin has not been growing lately and just today we crossed 50k again, bitcoin has been doing really great during the last year and they had the opportunity to buy it when no one else was doing it for such a low price that anyone that invested a significant amount of money in the market just during this year could have solved their economic problems with that investment alone.

There must be some doubt now, people will only feel bullish after bitcoin reach a new ATH, and for now, it might take a little time if the market will indeed be back into bullish mode. Bitcoin has to break $60k again and we will start another bull run.

According to  Filbfilb, co-founder of trading suite DecenTrade:


and hashrate:

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

Source: https://cointelegraph.com/news/5-things-to-watch-in-bitcoin-this-week-as-greed-and-leverage-get-flushed-out (https://cointelegraph.com/news/5-things-to-watch-in-bitcoin-this-week-as-greed-and-leverage-get-flushed-out)

According to the article, what it can generate is also a bearish stage, but not so long, the bullish trend stage will start, at the moment there is a lot of feeling of panic, it is the opposite when Bitcoin was above $ 60k it was in the sentiment meter is "Extreme Greed"..It could be said that the market is currently experiencing great uncertainty, it may be that at a speculative level movements of great intensity and even bullish traps are brewing, it is necessary to have a lot of restraint ...

Looking at the current chart, I think there will be good bullish signs that could support the price towards the previous resistance level or even a new ATH.

there was a similar move in late February and comparing it to the recent downtrend movement (now end of April) you will see how similar they are and after that a strong bullish. there is a high potential for repeating this move.

Its been tracking the 12hr (https://talkimg.com/images/2023/06/12/AVk4I.png) average all day pretty much so its far from bearish.   What could happen is it is too positive and overcooks, so maybe hitting the 50 day average would release some selling and then lead back down some.   It would appear sub 50k was enough of a test, I was looking for a larger amount to occur but I never thought it would be all at once.   Right now we dont know it'll sell again like this or that pullback was enough to put in a low and form a base for a proper break upwards.

we are still in a bullish phase, bitcoin has not reached its peak price this year, bitcoin should have reached at least $ 100k, currently bitcoin is still very cheap so if a crash occurs maybe this is just a correction
Look last week the market was slightly corrected but this week the market has rebounded again, so keep HODL men and you will be rich in the future 8)

For me we are still having a bearish season until the market retests it's previous highs and do a major breakout thereby causing a higher high if this zone ($64,000)it's all time high can't be broken then we are still experiencing a bearish season and we trade with close caution

what you are saying is true, that the bullish phase is still visible, because at the moment the increase is still happening due to the effects since last year. if there is a correction is a common thing currently done by bitcoin, for the purpose of preparing to go even higher.

Please note that the halving effect that will occur at the end of the year, has not been seen and there is still no direction there. if the halving effect has been running, then we can be sure that bitcoin will continue to increase until its peak.

So your prediction that the top of bitcoin is $ 100K could be more. so don't lose the opportunity to be able to hold bitcoin, if you don't have it, you can pay in installments from now because there is still a long time to go.

That is going to take some time, the price of bitcoin is recovering but the current levels are proving to be a real problem for bitcoin, it seems to me the whales have decided to use this level to begin to accumulate more coins before we see the final stage of this bull run, this is perfect for them, they get to accumulate more coins for a cheap price while retail investors lose their patience and begin to sell their coins to them and once they have enough coins they will begin to make their movements known and the market will resume its upwards trajectory.

We just have a good bump today, the price goes on $57k, so it seems that the bulls have taken control of the market again. As far as the whales go, well they can only manipulate the price at a certain level, and then retail will come in and take a swipe at those cheap coins as well.

So I guess it's a win win for all for us, specially smart investors who will take advantage of buying bitcoin at a discounted price. Instead of bitching around and complaining that we are in a bear market. So let's how that we will see more upside of the current positive movement and see $60k again.

Looks like we are slowly going back to $60k and bitcoin will once again try to break the wall. It's a different bull run this year compared to last year, we cannot tell now if when bitcoin will have a huge correction as maybe people are correct that is due to the institutional investors and probably some shilling did by influential people like Musk.

Many are believing that the bearish season has already started and it was because of Elon Musk, the truth is that I still do not see the bearish season close, the reason is simple, we do not know what strategy Elon Musk will be playing, but he is a new investor, also in defense Many people have emerged from Bitcoin, and also massive purchases like that of Microestrategy with 271BTC and Mark Cuban saying that he will continue to accept BTC for Mavs entries, this counteracts Musk's fud effect.

For his part, Mike McGlone has also spoken where he puts BTC vs Tesla in context:

https://i.imgur.com/uPAAtTJ.png
Twitter: https://twitter.com/mikemcglone11/status/1392860957731328004 (https://twitter.com/mikemcglone11/status/1392860957731328004)

I think that in an eventual Bearish season every trader, every financial analyst assumes that it is, but now it is not, many are buying BTC, they are defending the wide wall of $40k - $50k ..

All good things come to an end. It's hard to when exactly the trend is set to reverse and it's entirely anecdotal, but with the amount people I met who're buying for the first time it seems to me that the end could be coming within the next few weeks. Newcomers tend to be have less patience for the price swings but then again quite a few now seem to be prepared for them and might be OK with hodling so I don't know :P This time it might be different and the price could set lower but with no extreme decreases in price.

I would agree with that, I have no doubt. I've seen this scenario in the last bull run when the big panic comes, that could result in the end of a bull run and we know that bull run is not gonna stay for a year and I guess it's already due for a correction. We should be prepared, let the weak hands panic, bitcoin will still survive though.