BTC below 8459 could signal a Bear Market

[clickerz]

The next bear will be big but the one that triggers the real bull market

I agree and I hope its true. The market is ready for a mid year breakout. Just hoping this  bearish ones  after a mini  bull run will develop into a bullish market sooner. I do not think the market will revisit again in 7,000 level. IMHO.

[FrueGreads]

Why would consider that the a break bellow $8,459 will signal a bear market? If I look to the daily charts, I would say that a break $7.8k could send that signal, but everything above that, is still a higher low, so it could still mean that we are just consolidating from these last weeks gains, and could keep the uptrend. Ideally we would not go bellow $8500, but if we do nothing is lost.

I do agree with you on ethereum. It's showing some strength after the beating it took on these last weeks. Of course that everything is still tied to bitcoin, so it will all come to waste if BTC doesn't manage to keep going up, but if it does, I think ether will outperform BTC for now.

[Tilbrook007]

A break below $8,459 would signal a short-term bearish reversal and open the doors for a deeper sell-off = Bear Market

1 Mt Gox trustee sold over the counter
2 whoever bought it takes a short on the CME and sell them
3 BTC goes down
4 They then buy in at the low price!
5 They make a profit


Opinion Only guys but a possibility!

If the market turns to shit load up on LTC: LTC will kick ass soon: Opinion!
Also load up on ETH

Update

[StickySteeez]

Pfff, could be yeah it could. But all these predictions and stuff have proven to be completely guessing over the last couple of months.

[TheFirstCreator]

I think that Bitcoin will now start grow in price, so there is no reason to really be afraid that the BTC will again start to fall in price. I think that it will grow to 10k already this month.

[Olalomi]

Bitcoin price at below $8459 is not a perquisite that the market will establish a bear trend presently a temporary pullback is being experienced now the price has risen to $9K+ indicating a bullish market is about to be trigger.

[cryptoamumu]

This small run started on 04/12. Btc went up $1k in 30 minutes. That green candle was unnatural and artificial. And then we had 2 weeks of growth and climbed to a $436 billion market cap. I don't think the market was ever in bull territory and we were still in a bear market. I believe a group of whales were manipulating the markets and started this bull trap. I think the people who read TA says btc has to be over $13k for us to be in a bull market.

[Johnyz]

The next bear will be big but the one that triggers the real bull market

I agree and I hope its true. The market is ready for a mid year breakout. Just hoping this  bearish ones  after a mini  bull run will develop into a bullish market sooner. I do not think the market will revisit again in 7,000 level. IMHO.

I’m confident about this market right now and I know it will go for a bullish trend next month. Hopefully bitcoin will not go lower than $8k again, and i know this is just a small dump watch out for a bullish trend this year.