Is it bearish season yet?

[Kelvinid]

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 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.

[LUCKMCFLY]

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

“Take note, volatility will be inbound soon. I’m quite bullish but think we need a bit more of a shake before up. Could be wrong... about the direction, but not so much about the volatility so buckle up.”

and hashrate:

“Bitcoin hashrate back at 157 EH about 5% below 168 EH peak. Mostly recovered from 25% down at 125 EH,” he tweeted on Sunday.

Source: 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 ...

[Ludmilla_rose1995]

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.

[STT]

Its been tracking the 12hr 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.

[karanggatak]

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

[Zilon]

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

[elisabetheva]

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

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.

[South Park]

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.

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.

[Dave1]

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.

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.

[freedomgo]

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.

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.

[LUCKMCFLY]

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:


Twitter: 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 ..

[malevolent]

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 This time it might be different and the price could set lower but with no extreme decreases in price.

[stadus]

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 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.