Does the recent price action indicate we are still in a bear market?

[lopez cryptomania]

We didn't break the resistance level, $11,600 we were needing to get out of the bear cycle but does this mean we are in a bear cycle much longer? How long do you think until we get on the next bull run that leads us to $20k and beyond? Hopefully, it happens sooner than later. Where are all my bulls at?

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[pooya87]

We didn't break the resistance level, $11,600 we were needing to get out of the bear cycle but does this mean we are in a bear cycle much longer? How long do you think until we get on the next bull run that leads us to $20k and beyond? Hopefully, it happens sooner than later. Where are all my bulls at?

this may not be a bull run but it is not a bear market either. and price is rising despite what you think. if take a look at the charts for the past 17 days you can clearly see that price has been constantly going up with little step backs as corrections. while the overall movement has been rise. in this time frame price nearly doubled and you are saying it is "bear cycle"?!!!

[21millionsbtc]

https://bitcoinwisdom.com/markets/bitstamp/btcusd  by looking at bitcoinwisdom price movements bitcoin is still in bear movement no much price spikes and no positive sentiment for price hike

[rommelzkie]

I agree to most of reply that we are still on a bear market. You can check that on higher timeframe (Daily).



As you can see we are sitting now on a major resistance so this recent price action of bitcoin is normal.