BTC: is it really bearish?

[verita1]

A support among $ 38000 has been maintained since the start of the war in Ukraine
The bullish momentum is slowing down on the daily chart, we probably won't see more upside as the uncertain landscape we are experiencing changes.
This is a new test for bitcoin and the community, not stopping us because something is being built in the crypto market every moment.
OP's analysis is correct because before a bitcoin bullish move there are things to figure out.

[romeitaly]

Ok, as of late I've been drawing some lines (as practice, mostly), and now I'm more confused than ever. Everybody keeps talking about BTC being bearish, but the lines I drew show it to be on an upwards trend. I'm attaching a screenshot of what I see. The graph is from Binance.

So the magic question would be: what am I missing?

Trading is not only basing on Technical Analysis, but you should also consider Fundamental Analysis. You should also read about the economic state of some countries that holds a specific coin. I suggest do not only depend on your graph and charts, base also on some news. As a saying 'buy the rumor, sell the news'. Always DO YOUR OWN RESEARCH, TRADE YOUR PLAN AND PLAN YOUR TRADE.

[Kemarit]

A support among $ 38000 has been maintained since the start of the war in Ukraine
The bullish momentum is slowing down on the daily chart, we probably won't see more upside as the uncertain landscape we are experiencing changes.
This is a new test for bitcoin and the community, not stopping us because something is being built in the crypto market every moment.
OP's analysis is correct because before a bitcoin bullish move there are things to figure out.

Yes, it seems that that support around $38,000 is strong as of this time. It has been defended well many times already. The bullish momentum has disappeared, since we get over like $43,000-$45,000. So now it's gone volume is slowing down, investors are shying away again or moving their funds to other assets. Nevertheless, if we can just maintain around $30,000-$40,000 this year, it will still be a good price for all of us. We don't want to see the price going down below that levels because there could be more panic.

[sugehprasetyo]

~snip~.

So the magic question would be: what am I missing?

I think when there is a bearish/dump even on BTC it really affects the value of the market aspect on other tokens, but what I think you are missing is when you don't buy at this time, because in essence hodl is a winner

[m2017]

A support among $ 38000 has been maintained since the start of the war in Ukraine
The bullish momentum is slowing down on the daily chart, we probably won't see more upside as the uncertain landscape we are experiencing changes.
This is a new test for bitcoin and the community, not stopping us because something is being built in the crypto market every moment.
OP's analysis is correct because before a bitcoin bullish move there are things to figure out.

Yes, it seems that that support around $38,000 is strong as of this time. It has been defended well many times already. The bullish momentum has disappeared, since we get over like $43,000-$45,000. So now it's gone volume is slowing down, investors are shying away again or moving their funds to other assets. Nevertheless, if we can just maintain around $30,000-$40,000 this year, it will still be a good price for all of us. We don't want to see the price going down below that levels because there could be more panic.

It's good that Bitcoin has been holding at ~$40.000 for a long time despite all the current troubles. This shows that the crypto industry is getting stronger. But will it be able to maintain its positions at previous levels if the situation worsens? Some problems accumulate, like inflation, others may appear a little later as a result of instability in the geopolitical situation. It's hard to be an optimist in this situation. Most likely, the trend will be bearish: slow, long, gradual. 

[carlfebz2]

Today the market is green again and it's approaching $40k again, I hope that we continue to hold so we can get profit, if tomorrow or the day after tomorrow the price reaches $40k then I'm optimistic that bitcoin will continue to shine so we can get new ATH again.

Yes by seeing the market return to green this is good news although we will not know and there is still a possibility for the market to return to red,
for now continue to follow market movements at any time,
it would be good to see market conditions like this from day to day

Bearish or Bullish it doesnt matter because the most important thing is that you do able to make such decisions for your profitability whether you do sell or would buyback depending on the situation

if its bearish then you do buy and when it comes pump a bit or particular percentage then you do secure out profits then this is where most people should really be focusing on.
Now the price is having some gaining situation on which it would be that worth or ideal to sell into those people who had bought on 38k earlier.

[LUCKMCFLY]

Today the market is green again and it's approaching $40k again, I hope that we continue to hold so we can get profit, if tomorrow or the day after tomorrow the price reaches $40k then I'm optimistic that bitcoin will continue to shine so we can get new ATH again.

Yes by seeing the market return to green this is good news although we will not know and there is still a possibility for the market to return to red,
for now continue to follow market movements at any time,
it would be good to see market conditions like this from day to day

Well, do not be overconfident, these sudden increases in the price of BTC can cause many people to start buying again, but we must bear in mind that we are in a war with Russia and Ukraine, which at any time can escalate to greater, so they are things that must be taken into account, it would be great if BTC could grow in price, but you just have to be careful about it.

When we talk about a market like BTC, we must take into account the number of transactions and the whales that enter, as well as the bullish plots that can be generated.

[bubidan.id]

There is nothing wrong with technical analysis or drawing on a market, everyone has their own speculation. I see a bearish trend on low time frames such as 4 hours to weekly, while on large time frames bitcoin is showing a correction before continuing to rise. It all depends on each trading style.

[Zilon]

The overall trend of Bitcoin shows a bearish move because it hasn't recovered after falling from it's ATH. On a short term trade it can be said to be on an uptrend. Investors who speak so much of Bitcoin been bearing are those who bought when Bitcoin was high but after it fell below $35k those who bought the dip are actually having a bearish trend at the moment.