Bitcoin Forum

Three things stuck in my mind this week:

1. It might take a few more months before BTC's price finally exits the bear market. That is if we have a similar situation to the 2018 bear market where fear and greed levels plateaued for a whole year.

2. BTC's price free-fall will slow down between $24K and $27K unless more macroeconomic and geopolitical risks emerge.

3. Short-term holders are responsible for most of the capitulation (day trading and scalping don't fall in this category, right?).

But one thing has a high certainty---the bear market is temporary.

The bull is not a matter of if but when.

Price will recover strongly with bounces after dumps but to complete and exit the bear market, we must see capitulation from both investors (short term investors) and miners. It's more important with miner capitulation because it will trigger a bear market exit.

Probably it will be a next destination for Bitcoin because the wallet cohort shows that. From $29k to $24k is not too far and I would like to see it happens because it will help the market to clean gamblers and become more healthy.

Because they are not actually investors or holders. I consider them as speculators. When their speculation goes wrong, they don't have plan B or exchanges don't allow them to go ahead with Plan B or Plan C. Market and exchanges will liquidate their gambling positions.

We are still in the early phase of the bear market and there's a lot of things that can happen.

Maybe we can see the price < $30k'ish and then we will have a bounce back around $33k-$35k. But then again, with the current situation like the wars at the background and maybe we will hear another negative news that will affect not just crypto but the rest of traditional markets. So possible so see the price between $24k-$27k, but it will be slow and not that drastic changes that we will see this month.

This has been the case, like — since literally  forever. But I wouldn't say they're responsible for most of the capitulation. Let's not forget that markets in general have been a total utter shitshow for a while now, and market correlation between BTC and the SPY is at an all-time high.

This is just the initial stage of the bearish market, we shouldn’t judge the market so quickly.
But sad to see Bitcoin’s price currently.
If I am not wrong then, in the past year this is the all time lowest amount for Bitcoins.
This month might be hard for all the Bitcoin holders, but soon the coin will bounce back.
We can just hope that no more issue should arise, so that Bitcoin’s price will affect again.

Earlier Today Morning, i heard a news that El Salvador Bought 500 Bitcoins when the price was around 30k usd. This might be looked as a positive approach towards the coin and here we can again see the growth in the price of the coin.

When the market is grown on speculation, speculators will panic sell when they don't see more future for higher speculation.

Worse, capital from speculators might even not come from their own pockets. Liquidation will aim at speculators and clean the market for better future. Price can not increase forever without correction, without liquidation.

In ride, you should know price does not simply rise because of buy or demand of investment. Its ride is supported by liquidation, short squeeze too.

The fall of the price is inevitable but the good thing about it is the way the bitcoins price recovered just like in the past. I think some of the people who are panicking right now are those who bought at a high price with the money they cannot afford to lose which is really bad news for those people since the price right now is staying at its lower since the great bull runs. Only patience can remedy this kind of scenario in the market or you can just do some other things outside your home and don't mind this bearish market in the meantime.

as we know the trigger for bitcoin's decline this time was starting from the decision of the central bank of the United States (US), The Federal Reserve (The Fed) announcing an increase in interest rates. even analysts estimate, the price of this cryptocurrency (cryptocurrency) continues to fall to below US $ 30,000 and even past US $ 28,000. so said analyst and chief executive at Factor Peter Brandt via twitter.

Even senior analyst at Token Metrics Bill Noble estimates the bitcoin price to hit $20,000 in the worst case scenario.
but now we still see the strength of support at US$30,000 - $31.000 which is still strong. hopefully it bounces back up and turns bullish

All of those might correct but at least we are  heading towards favorable for us Holder because we can purchase more to Hold and stays having the coins in our pocket for longer time while waiting for the Bull run again.

and about that temporary Bear > Indeed as we have seen this many times before and Price will surely increase in the future.

Luna has also been involved in selling Bitcoin en masse.

https://u.today/luna-foundation-sells-15-billion-in-bitcoin-bought-at-47000-for-33000-details

The level of between 24 and 27 thousand given by the creator of the thread seems arbitrary to me and he does not argue it. I wonder what might happen if we have more cases like Luna or people with leverage who are forced to sell at a loss or margin call.

When things are going down as they are now it is difficult to see a way out.


Waiting two months is not the same as waiting two years.

I don't think what happened to bitcoin price in 2018 will not happen in this 2022 because bitcoin price can only decrease to $30 but it will not decrease more than $30 in this month of May. Bitcoin price will increase higher soon for those that purchased bitcon at a lower price to have something suitable to achieve from their investment. Bear market will soon be over, because BTC team are seriously working to stop people panic than to concentrate with the beautiful future that is about to happen in the community for people to smile again with massive profits.

A few more months at this stage is optimistic. Likelier to me this is the move bears have been waiting for to make a more persuasive, sustained push into a winter. $24k definitely as likely to happen now in a week as it is in 4 months, as it is over the next 2 years coming up to Bitcoin halving. Even so, as it does take a year or so after halving for buying to kick in, we could still see further drops before that happens.

Bitcoin's never retreated in price beyond the ATH of the previous cycle, but if we already have the ATH in this cycle, it's barely 3.5x of 2017's, so sub 20k has to be a distinct, even if historic, possibility I feel.

We can do nothing but just follow where the market will move and prepare ourselves for what will happen next.

Hopefully, the bitcoin price doesn't touch that price and stays above $31k for a while and then the price will bounce back up.

People who panic are also responsible for this situation because they have already sold bitcoins out of panic. But we can't blame them because they can't handle their emotions yet.

Yes, the bear market is temporary and the bull market is coming back. All we can do right now is persist and be patient.

I am not sure that the bear market has stopped as your speculation about the bear market is temporary, although it is temporary but we have seen bad conditions this month with more than $10k decline, but the market needs time to return to bullish and price stability to maintain market conditions not easily broken after the bear market phase.

1. The same goes for last year, the bear market didn't stay for long.
2. That's likely if we're going to see the lowest for this bear market. It's even possible that it will go potentially to $20k just for the sake of volatility.
3. I guess they're all included with that but, mostly those are the investors that have been shorting with thousands of btcs.

Nothing is permanent on crypto unless stablecoins so Bitcoin should probably exit on this trend once the price already consolidated on a support area. No one can give exact date on when and how but Bitcoin will surely bounce back when there is no fear already and the selling pressure stop on exchange. I really believe that some institutional investor is selling off slowly which is the reason for this huge sell pressure. The price already reduce the volume so probably we can see a relief on price in the next few weeks.

No trend is there to stay forever. To every bull run there is an equal and opposite bear run. The bear market might seem scary at the moment but it's never here to stay that long. I won't dispute the fact short-term holders are responsible for capitulation but however when the bull sets to run it moves even faster than the bear can resist

the market at the moment is so scary and many of the holders are waiting for the market to fall further while the traders prefer to pause for a moment to watch the bear market which may seem to continue at 28k or even beyond that

Bitcoin's strongest support is at $28000, that's really a support to keep in mind,
otherwise we'll see the biggest dump of the year, but I really hope institutions can hold the price at $28k to $30k too

1. No one knows on what would happen next.Comparing it on 2018? A sort of but that one is more red.  :)
2. Im already eyeing into those levels you do mentioned and lastly, i dont believe about economic conditions which will affect crypto market majorly.
3. Scalpers doesnt really care about these market trend or conditions so they are exempted but we know that majority isnt really having that kind of trading.

Market do only have 2 possible movement or path either bears or bull.

Also, it is hard to compare it like in 2018 because the stakeholders in this market already increased. The supply and demand also in the current scenario is also different few years back. When the pandemic happened, that's when more people appreciate the existence of bitcoin and other crypto. And so the demand increased. This market has so many factors to consider and I think, we are in a different stage of adoption that will have an impact to where we are heading in the next coming months.

But I think you will agree to me that we are now in the bear cycle?

Because we have seen how the price went on a downward spiral and this is similar to 2018 meltdown or bear market. So I don't see a path of the bulls this year and most likely it will still get worst before the end of the year. If we don't look at bitcoin's past history in 2018 to understand, then we might be in for a rude surprised this 2022. So somewhat, we need to be ready in case it goes down into the $20k'ish region.

Not only Nayib Bukele bought bitcoin at 30k$ but a lot of investors bought it at the same price. On Binance, USDT buying power has skyrocketed showing that many investors think $30k is the bottom to buy. This move has kept bitcoin from falling off the $30k resistance but I don't know how long it will last. We entered a bear market early in the year after bitcoin hit ATH and then there were slow downside corrections and May is considered a bad month to invest.

I don't think short-term hodlers are responsible for most of the capitulation. This must be initially and largely caused by a much larger hodler or whale if you prefer. Short-term hodlers definitely don't shake the market this strong. Also short-term hodlers are normally waiting for a big thing or big movement in the market to act big. I think they are mostly reactive. They're the effect more than the cause. So they are only making this situation worse but they're not the initiator.

There is no certain in this part ,because remember that we have reached BULL Market last year so maybe there will be a bear market this 2nd-3rd  quarter.

We are still looking for that to happen , so hope that there will be no dumping that low this year.

either Bear or Bull nothing is permanent and expect dumping to happen from here and there .

I'm actually not sure either but it will definitely turn into a bull market one day. That's why I say this bear market is only temporary because the crypto market is bound to change. Yes, the price has dropped too deep and we really don't know when it will stop and it could bounce back up again. Hopefully soon, the price can bounce up and give us another big profit. But if indeed the bear market is going to stay in the market until the end of the year, maybe we can leave the market for a while to study something else.

I really hope Bitcoin doesn't drop any deeper than $29k, because if $29k is broken,
then the support at $27k and $24k is the last and true support you say,
but I really hope and really believe the price of Bitcoin can reach $50k again in the next few months

I am thinking that there is some similarity to what happened when COVID 19 started before, it was very a huge crash but after that, the market recovered and a very long run upward for all the markets.
I agree about this is just temporary, I don't believe that we will experience again the very long bear season just like 2017-2018.

It will be really bad for the people if the price falls more.
People really has many expectations from the coin, so if it falls below 24k$ then it will break the support and it will cause huge loss in the market.
Already due to the downfall of Bitcoins, many altcoins have affected and the market is down as hell.
Still I am predicting that Bitcoins will rise.
Bitcoins might reach 50k usd again in the next month, if people don’t panic and sell their coins.
Let’s hope for the best.

Did you check the price today, it is in the mid 27K not far from the range you mentioned but still I don't get the feel that the freefall will stop here, probably it will hit 20K as the safe low for the long term investors to jump and accumulate as much as they can. Another day to look for in the cryptocurrency chart because it started with recovery then suddenly dumped over 8 to 10%.

other than that, the problem at this time is our determination to hold on to the assets we have. for now the price of bitcoin is in the range of $ 26k. seeing bitcoin price still above $30k yesterday, this is really a bad drop. Bear markets are temporary, but at the moment we don't know how deep a bear market will take us.
however, right now all we need to do is hold on, or add assets. If I didn't have an immediate need, I might have bought some assets to hold on to for the long haul by now. Unfortunately, I've been holding coins for a long time. this is quite a difficult thing for me. however, I expect the $26k price to be the lowest for now, and a recovery to come soon. maybe the starting point we can breathe easy is the price of bitcoin reaches the $ 30k range again. however, another panic will occur when the bitcoin price drops below $25k. hope the bear market ends soon.

Not to sound conspiracy or paranoid, but the March 2020 collapse happened on Friday the 13th. The thing is, tomorrow is also Friday the 13th. Knowing that MM likes symbolic numbers, it could very well be that tomorrow's big drop could happen again. Of course I say this in jest, but just in case, be prepared for another collapse.

27k has been reached and now let's see after the bounce will it go back down and break below 27k? let's watch it together. I keep doing DCA. but if 27k is broken then I think it will drop by more than 24k. but hopefully it doesn't happen. considering the accumulation area is penetrated then the worst possible place is at $20000.

I'm worried if the bitcoin price can't get back above $30k then we will enter a dark period like 2014 or 2018, many altcoins will die like LUNA which dropped more than 90% a few days and now LUNA's price is only 18 cents even though a week ago still over $100.

The sad thing to see the price of Bitcoin a few days continues to correct, I do not know what issues make the market corrected very sharply, and now the price of Bitcoin is around $ 27k, many analysts believe the price will continue to be corrected so I prefer to wait, if the price looks stable in The $ 25K- $ 30k range is certainly a good prospect to buy.

After all those many months that we are suffering from the bear and you still call this a temporary? And we don't even know if the bears will stop anytime soon but I think the bear is not yet contented and wants to crash this market more evenly. This bear that we feel this time are so devastating and can be different from the bears that we experience on the past.

Bull is what matters for the most of us, not the bear because it was the bull that makes sell our coins for profit. Bull is the one that can make us more happy not the bear but to the question if when, will it happen? We also don't know but obviously bull can take place as soon as the bear passes out.

I think, given the current drop in bitcoin price, the potential for bitcoin price to drop to the $24k-$27k area is very likely in the next few weeks. Moreover, the decline in prices in the past week was caused by massive selling, and many experienced panic selling due to sluggish world stocks and large interest rate hikes.

In the time of massive fud, there will be risk to see Bitcoin drop to $24k or even terrible crash to lower than $24k, $20k or lower like what we had with March 2020 crash.

I see crashes are great for a healthier market. Gamblers will be wiped out by crashes. I am sorry for anyone who have loss in crashes but if they gamble, they can not avoid to be killed. Bitcoin and the market need real investors to rise higher, not gamblers.

In addition, gamblers are only traders or so-called investors but also trending miners. They will capitulate when price is too low and stay in low range a long time. When miner capitulation occurs, we will find a bottom from which we will move up.

It might take a year or two... Be prepared for every possible scenarios.

Hopefully +27,000$ is the bottom. There is a lot of effort to keep bitcoin above 29,000$ at this moment and that is really nice to see. The longer the price is kept on this range the better for raising morale and confidence among investors. On the other hand, macroeconomical effects are inevitable: in few months bitcoin is probably going to face another crash due to US FED hiking interest rates once again.

I think it's more about whales and institutional investors. Short term holders don't have too much influence on the market volume... They are small fishes.

Totally right! 8)

What OP stated at the end is the reality of the market. The bear trend is temporary and we need to follow the flow for some time, rather than selling out of panic. In the OP it is said about market looking similar to the one that happened during the year 2018. We can't make a comparison with the market of 2018, because what we had in usage and the present is completely different. The level of adoption have changed, the panic selling have got stopped. Agreed, there is chances of reaching $24k relative to geopolitical issues.

I think the price of bitcoin continues to weaken after a lot of selling in US stocks and driven by the Fed's big interest rate hike to suppress inflation in the past week. This sent the crypto market down, and pushed the bitcoin price down to the $29k-$30k price area. Therefore, if the massive sell-off continues, the bitcoin price will fall in the $24k-$27k area.

Plus add up the pressure brought by luna incident for sure from this incidents the investors will get afraid on the flow of the market. I just hope that we cannot see a massive sell of because we cannot afford to see the market go down for more because maybe it will dictate that we might see a long bearish season.

Overall it seems that the crypto market continues to be bearish as it is still being overshadowed by pressures from rising interest rates and inflation. Bitcoin price is currently hovering around $30k after bouncing off a brief dip below $30k. However, if bitcoin is unable to maintain the price area above $30k, then it is very possible that the bitcoin price could drop further to $24k-$27k before there is another significant increase.

We can't really control that, at least the price goes above $30k even momentarily. But still possible that we can dip around $24k-$27k, but not this month.

The sentiments might be bearish throughout the year, but I think $30k might be the biggest support that we will have. As I have said, we are already in that line so investors are starting to buy again as indicated by the increase in the trade volumes in the last 24 hours.

This means that this is a sign that there is a big increase in the development of the bitcoin price so that investors go back to buying bitcoin.
Hopefully there will be another increase in trading volume in the next few days.
Even though the bearish situation still continues, this increase in trading volume indicates that bitcoin will still bounce back.

If the FED does another half point rate hike, I think Bitcoin pulls back to $23K. That would wipe out a lot of leveraged positions, and the market will most likely make a strong bullish move from that level. If they do a quarter point hike, then we may take off back above $40K. Hopefully they figure out how they're going to regulate Crypto by the next hike, so more Institutional Investor's can get in during the dip. If that happens, a Bitcoin Spot ETF won't be far behind.

Today's market is corrected again, and it looks like we will be under $ 30k for some time, this makes me prefer to wait and do nothing, especially since many analysts believe that negative trends are still happening in the present year, maybe this is a trend 4 Annual that continues to be repeated as before.

Getting out of this zone mattered a lot, I know that many people think that it is no different than 30k, I mean the difference between 23k to 25k could look like nothing to some. However, if you know how to read charts, then you would know how you could end up with something wildly different if it bounces from 25k or goes to 23k, and that is a scary thought.

This is why us being above 30k with bitcoin right now means something awesome, it is not even remotely close to being scary anymore, we basically recovered already. If you know that, then you are going to feel a lot better about the future and what you are doing and it won't be a problem.

Not sure if the FED will do that again this year, however, it seems that bitcoin in the last 24 hours has retraced to $28k again. And with that, we are closer on the $24k-$27k range. I know that it doesn't feel good if we see our portfolio going down, but we shouldn't panic and just continue to hold during this dip. No need to sell, and join those newbies pushing the sell button again. We will bounce back soon and maybe hit $40k in the next 4 months.

some analysis and predictions, for this year the worst crypto in history, the risks are incalculable, but long term investment one positive thing, I think Bitcoin will experience problems at the 24k level.

Maybe not, I think the decline in bitcoin since its last ATH in November 2021 to date is not the worst in its history as the percentage decline is still not more than 62%. The worst decline history occurred in 2018 when the bitcoin price dropped from $20K to $3.2K, that's more than 80% in my opinion.

While we can't say for sure what the lowest price was during this bear cycle, we are certainly still in for a 57% more drop than last year's ATH. In the long term bitcoin is still very potential, but still requires consideration if you want to invest in it.

The pause that occurred to the correction with the recovery was quite far for bitcoin, this accumulation has a long process to make bitcoin reach a new ATH, many people start to panic and sell some of the assets they have, assuming that the returns are not too large to lose, for other than Bitcoin I think it's okay if it's released, but if the conditions are like this releasing bitcoin is the wrong step, because it's not too worried that the current decline in bitcoin prices, will not find a recovery pause

even if this drops down to 24k level still this is not the worst in bitcoin history , we are still ni 20k level that shows how strong and huge investors behind bitcoin .

yeah this is 65% lower than the ATH last year if we come fall to 24k  but still so high compared to 2017 ATH.

but if there is something we can contribute? that is to Buy in dumping season and keep holding .

That Luna crash doesn't really matter to the market though, that is the difference. Many people may believe that the market was doing terribly during that period but the reality is that if the market was doing that bad, then why did it recovered so well while Luna is still bad?

So, when you see something that crashes the market when there is nothing wrong with the market, then you should consider investing into the market a bit more. This could be a bad decision if you are wrong, but most of the time when one coin makes the market drop, then investing into bitcoin is a good idea. This is due to the fact that bitcoin always ends up recovering.

Of course the current market makes us wary, moreover the pressure continues because in the USA there is high inflation which makes many investors sell crypto, many analysts believe that the market will be red until the US economic conditions improve again, and maybe we will see that prices will drop again because many investors choose the safe way.

It somehow add up to the spice on why the market became like this because their dev force to sell their btc hold just to support their dying project and somehow this one became basis of some small time traders since if they see the Luna doesn't came back to their feet we will see a long time bearish market condition since many would provably continue to dump their stacked bitcoin on their wallets.

It's clear they chose the safe way because they don't want to lose their fund assets like they lost when they saved their money.
That's why until now the market is still seen high volume selling than buying.
I don't know how long we will wait for the US economy to improve again.

Everyone is afraid of losing money including ourselves, that's why until now they prefer to sell even though their losses are almost 40% of the capital.
But if it's a loss, I'd rather just keep it until the price goes up again, at least the capital will return even though there is no profit.

Strongly agree. There's so many things happening in the world right now even with the pandemic slowly being controlled.
Economy will surely react to it as our governments spent too much money just to keep it under control. We are not even in the phase of recovery, we are paying the debts and this will last long.
I think this is also why we won't see a higher demand in the months to come. Prices of necessities are going high and small investors need money so they will withdrew their assets and a part of it is Bitcoin. I won't expect another big pump in the next months to come or even before the year ends.

Selling their coins due to sharp declines like now is not the right decision as they can bounce back up after a bear market. Even though we don't know when the bull market will come, it's better if we hold on to the coins and not sell them. We can buy the coins now because they are cheaper and we can get more of them. You made the right decision because you are still holding your coins and just waiting for the price to go up again.

I don't think it's only this year that bitcoin has experienced such a bad thing as it is today.
Let's imagine again what happened in 2017 which thought bitcoin was over, but in 2021 yesterday we saw bitcoin going up to the moon again, so no one was able to predict the current bitcoin market situation because everything happened suddenly.
If indeed the $24k level is considered the worst level then we consider it the last level for bitcoin to take the sport to bounce back.

If there is a safe way that would be investing in crypto or keeping your money in cryptos because fiats are prone to inflation. Smart crypto investors won't sell for fiat but if they are selling then maybe they will re-invest in a much stable crypto for a while (not the stable coins like tether) because they are still the same as fiats.

USA inflation might be high but I don't think this is the reason why price of cryptos are dumping or many people are selling but in fact, this should drive the price more higher because people are looking for a safe haven and they can see that crypto is one it. It's going to be a perfect timing because prices are still cheap due to corrections.

What are the stable cryptocurrencies in your point of view apart from the stable coins, all the markets go down when there is a correction and i have not seen any coins had have a major support in any correction. I would hold in fiat currency for the long term rather than holding in anything cryptocurrency related during a major correction.

If you are not confident in holding USD there are other fiat currencies like EURO or Swiss franc. Right now the cryptocurrency market is moving according to the global economic situation and hence you cannot consider it as a safe heaven during crisis.

You mean to say 2018? Because at the end of 2017 we have a massive bull run, setting ATH at almost $20k.

But this year, there is no mooning obviously, we are in a bear market, so there i a risk that the price will still go down and it's going to be what others call crypto winter. I suggest that everyone should prepare for the worst just in case the price goes to it's previous ATH of $20k. And that is a massive downturn, but we have to accept the possibility.

I think that the situation is going back to normal. The pandemic is not tight as before. One of the proofs is, schools are slowly doing face to face classes but that's great if governments spends a lot of money for the sake of the public. It shows that they care too much for their people, not unlike to others out there who are selfish and corrupt.

People need money, now that prices of the goods are rising but it's only sad that the moment they do this, the price of most cryptos are still in dumped. These poor people can only get less money out of their crypto assets, but I guess that is better than nothing at all. People needs to budget tightly so that they won't touch their precious cryptos more often.

Few months ? or maybe a quarter ? because this seems to be the whole 2nd and 3rd quarter that will be on the situation here .

so Basically there will be more months that what we can expect to come.

it is correct , this is temporary as we have been here for how many times now so lets accept that Bear and Bull are there to follow each other.

Yep yep!
The same thing as bear market isn't really a problem like for most of the weak hands who always worry about their portfolio going down during bear season instead of accumulating more. It's not a matter of how low does Bitcoin go, but how much would you want to accumulate.
In fact, it's not gonna be called a bear market when it's permanent.

The current price is around $ 29k and almost 8 days we are in the price range of $ 29 to $ 30, I hope this is a positive sign that the market immediately skyrocketed as happened in 2021, the most important thing for us is not panic when it occurs bearish and focus continues to buy So that we can get a big profit when the Bull Run Again Market.

But today's bitcoin price has decreased from the price of $ 30 it has fallen to $ 28 and we really hope that the price of bitcoin goes up again past the $ 30 price.
Indeed, we shouldn't panic, but it's also natural for them to be afraid to protect their finances from the unstable market situation like now.
At this time, everyone really hopes that there will be another Bull Run this year.

Although the drop price is more than 50% compared to ATH in 2021, but in my opinion the potential of Bitcoin is still very promising, for those of us who want a big profit, the price range $ 25k is a good price, I'm sure Bitcoin will not drop below $ 24k again, but the market Soon it will skyrocket again and maybe before August the price has reached 2x from the current price.

I just want to be realistic here, and I'm sure you know what bearish market means.

So with that said, what makes you think that the price will skyrocket again before August? if you look at past historical logs, when the market goes bearish, the price will continue to go down and there is no stopping it. So I'm sorry but I have to disagree with your statement that it will reach x2 of the current price before or even this year.

Bear market and Fort both have a temporary nature, what I have in mind is that the bear market is not perfect yet, there is still something that will happen that makes people wonder and sit pensively, some of them say it is impossible what they saw at that time.

Many people speculate on the Fort market, but no one knows the exact time, but everyone can choose and judge for themselves both markets will happen over time, the bottom line: prepare some eggs to save and ready to hatch in the next 1-2 years.

I think the situation in 2021 was not the same as now and the bitcoin chart looked a bit different. We are now falling below the support of 2021, which could indicate further price declines. The market capitalisation is also down from 2021. Altcoins have fallen to 2020 levels altogether. New buyers are not coming to the market. I don't understand what fuel all this will grow on.

Bear and Bull market has its time here, I would say maybe 50/50, or the cycle of every 2 years. So right now we are in a bear market so possible that we will suffer up to the mid 2024 before we will see some semblance of a bull run. I know it will be tough for anyone, but the net output will be good if we have patience and wait in the next 2 years to realized our profits from buying today and HODLing.

I am thinking that the price will fall because if it will recover, it has already recovered now. When the market is in a bearish trend, we have to follow the trend as most likely the price will just dump. The current price is $29k+, we had some minor recovery but I have a feeling it would fall back in the coming days.

Anyone still seriously think a "freefall" is going to be limited to 24k bottom? We are seeing lower lows on the weeklies... More sub-30k durations now than above. 24k is barely less than 20% drop.

Free fall would mean at least a third value loss once panic sets in.

Not to bear bad news. Hate to say it myself but every week we spend lurching makes the coming weeks seem more grim.

The price is around $29k for a long, every week there is no big forward move. The fluctuation have kept the market decline gradually. This could fall further, if few whales pull out from the market. The market bleeds red and the same is to be considered the time to invest. For time being there isn't much of investment happening, because last year there were more new entries into the market which is also a reason for the market to get bumped.

I believe the price is unpredictable and is something that you can not understand the speculation and how the market rings about, today you will see the price moving higher and tomorrow the price will kick slowly for the market, so Bitcoin is a market that the price going up and down is grown by the statistics or the qualiy of people demanding for it and the level of people admit to sell,those people who is holding cryptocurrency is the one regulating the chances of it going up and down

Yes, the price will still decrease further before it can increase higher for those that invested a huge amount of money few months ago to start selling to make a passive income from the market. The price dropped down to $29,000 few hours ago which the price is still preparing to drop down to $24,000 for those that missed the opportunity to use this opportunity to buy more and hold for a better future to come. I believe investors will definitely experience improvement from the market price next month because the green light is preparing to be fully stable through out next month.

We have seen for a long time that BTC existed between 38-42K. At that time it could not be said whether the market will go up or go down. Today the price come down from there. Now it can be said that we will be able to get out of the bear market soon. Now just waiting for the time. If the global situation remain unchanged, we will soon see another bull market.

No one among us wants to see bitcoin at these prices but how often we have seen the market surprises us.

The range of 24-27K is not out of the question, even though bitcoin has gone above 30K once again. I feel that in normal circumstances bitcoin should move up from these ranges but in case of any bad news (Like a prolonged war between Ukraine and Russia, bitcoin can again test these 20ish levels.

actually it is staying around 28-31k usd for the last 2 weeks and this is nothing to show but a waiting time , we cannot predict either this will go up? or this will drop badly .

so maybe lets realistic and stay holding instead of seeking for growth easily .

i would rather consider Buying than selling now , and also consider holding longer than my recent plans.

There are some people who see 38-41k period and see the 28k-31k period as the same and worry that the price could go down because of this. I believe that it will not be like that and I believe that we are going to end up with a high price, but unfortunately not everyone feels the same way.

I know that we are going to go up, and feel like it is just about time, we could reach to like 40k+ at least within the next 3 months give or take, and that is a good return if you invest right now. Hopefully people will not be too late and everyone joins in before it goes up too much and they miss out. In the end, people who take the risk and invest when its low, will be the ones who will profit when it's high.

I'm not sure about the bounce to $40,000 in the next 3 months mate, I think that is short amount of time to really see the price rally from <$30,000 currently to highs of $40,000. It's simply hard assuming that we are in a bear market already.

Yes, it's a risky investment right now, but we should be aiming for a long term in this bear market. Try to accumulate as many as you can. I know it's going to be tough mentally, but this what separates a wise investors to newbies. Bear market is the right time to re-invest.

Of course, every crypto investment is risky, but bitcoin though is relatively not like that as compare to let's say altcoin markets.

Just like what we've seen in the last 24 hours, the price suddenly went down below $30k again after almost hitting $32k. But then again, we've made a bounce and recovery to $31k. So it's very volatile and the best thing so that we should not worry about this fluctuations is to HODL.

The ideal price range for those of us who are used to daily trading, I think the potential for bitcoin to skyrocket is very large, don't be pessimistic and panic when you see the price drop, this is actually a good opportunity to buy, most people will buy when the price goes up like I used to do it when the price is rising I buy when the price is more than $50k.

The bitcoin price chart still looks unattractive at the moment. In the past week, the price of bitcoin is in the red zone and the price continues to experience a sharp decline. I think the current bearish sentiment will bring the bitcoin price down to around $27k especially as the sell-off in the crypto market continues. Therefore, let's see how far the price reacts as we have seen the current lows.

Don't ever expect you to see bitcoin never experiencing correction or volatility, that's highly unlikely. This is how the bitcoin market works where there are times when the price goes down or up and I think this is where trading gets interesting. You can never guess where the price will go if it is not supported by several causes including hype, fud or others.

Price correction is an important part for bitcoin where we can find price forming new support to start breaking down resistance above it. So if your mindset about this decline as something very negative, then you really can't take advantage of this market to make a profit.

Unfortunately but at the same time fortunately, bitcoin is volatile and that means we are going to make a ton of profit by using the volatility of it, but also there will be a lot of people who will lose money because of it as well.

Like when it is bull run, we all make profit and that is a good thing for all of us, I do not sell because I am a long term investor but I was up so much at one point, not rich enough to retire, but could have bought a car with it if I wanted to for example, a small amount that turned into a car, great feeling, that's thanks to volatility. But many people lost car worth of money when it dropped as well.

It's interesting for some because they are trading, but there are ways not to complicate things, just be a holder and that's it.


Yeah, it's part of the market, ever since the price jump from less than a dollar to 10$, volatility has been with us. And then we learn how to go along with it regardless if we are in a bear market or not. TA for once, we have been applicable to traditional financial market makes it way to crypto as well.

The price of bitcoin has fallen the most since late April. So far, bitcoin has tried 3 times to break the support point at $32k but always failed. And the last few weeks, bitcoin broke through support at $30k and dropped to $29k. If next week the bearish trend is getting stronger, bitcoin price will drop towards the support level in the $24k-$25k area. Maybe in the middle of the crypto market, there is a bearish trend like this. Those of you who are buying more now will have a big smile on their face later when the bitcoin price skyrockets significantly again.

The ideal price range to start investing, for those of us who have more money then don't hesitate to buy bitcoin, the huge market potential makes it feasible to make bitcoin the first choice investment, I'm sure by the end of the year bitcoin price can pass the ATH that has ever happened so we can earn more than 100% profit.

And now this weekend, the price goes down to $28,600 and it's closer now to the predicted $24k-$27k. As far as breaking those support lines at $32k, it's huge, there is a sell pressure from the investors. We are like entering the mid year and so far there is no movement. So except the the next half to be same or even worst. And it's just better to wait or buy at the current price.

1. I think the current bear market will last longer than mid-2021 but sooner than 2018.
2. quite reasonable, because as has happened before where the price of bitcoin stable in the price range of $ 40k and $ 30k for quite a long time. do not rule out if the price of bitcoin is in the range of $ 25k something similar will happen.
3. I don't think so, because not a few long-term investors choose cut loss for several reasons. for example, don't want to suffer bigger losses or want to invest in other coins.

Buy if you have some extra money or hodl if you don't since it's most likely going to touch that predicted $24k-$27k based on the chart today. The support has already been shaken to remove weak hands it might as well want to shake more or is it just the correction that's why the market seems like dropping slowly. We have seen how the price move in the past weeks and I think it's safe to say that this bear market will stay longer than the bull market since that's what actually happened in the past too. Luckily, the price just keep its phase to not fall straight to the bottom due to the bear market and correction.