The decline has slowed down, the bears are still dominant

[jhonjhon]

The next major move that can break the resistance is subject to a major fundamental announcement else the price will continue to range within $3700+ having been in that range for long until the recent rumoured ETF  approval leaked out before the price rally upward I believe the same scenario will repeat itself in an upcoming positive announcement.

There are plenty of reasons for bitcoin price to test again $4200 levels again but I still could not figure out why it suddenly fell down on last Sunday up to $3800 levels in less than 5 hours of trading. But, the good news is the range of bitcoin's movement has improved a bit. The next range would be up to $4700 levels and then bitcoin may stay above $4000 levels afterward.

I assume bears have lost their dominance and at the same time bulls not yet gaining the full strength. It is usually take more time for bulls to get into action in full pledged. But, we can be relaxed in mean time as bears are getting out of scenes slowly.

It's quite possible that the market had a correction so it fell to $3800 again. Even while it's no longer bearish as before, we may not be entering a bull stage as early as now. It may be a while before we break throung $4700 and experience steady levels above $4K. There's still some resistance as we can see that the price still falls. I just bet that many are happy with how the price levels are right now as they are anticipating for a bull run soon. Even without an upcoming positive announcement, we can expect a difference in the price trend now.

There is no worries if we don't see huge pumps this year, seeing the market moves slowly may good enough but it much better to surge it high even reaching into $10k. It pretty sure everyone will recover those losses happen last year. We don't just focus on the possible bull run returns but to accept of what the market have shown us for now.

[1714065063]

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[1714065063]

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[teilwalL05]

The next major move that can break the resistance is subject to a major fundamental announcement else the price will continue to range within $3700+ having been in that range for long until the recent rumoured ETF  approval leaked out before the price rally upward I believe the same scenario will repeat itself in an upcoming positive announcement.

There are plenty of reasons for bitcoin price to test again $4200 levels again but I still could not figure out why it suddenly fell down on last Sunday up to $3800 levels in less than 5 hours of trading. But, the good news is the range of bitcoin's movement has improved a bit. The next range would be up to $4700 levels and then bitcoin may stay above $4000 levels afterward.

I assume bears have lost their dominance and at the same time bulls not yet gaining the full strength. It is usually take more time for bulls to get into action in full pledged. But, we can be relaxed in mean time as bears are getting out of scenes slowly.

It's quite possible that the market had a correction so it fell to $3800 again. Even while it's no longer bearish as before, we may not be entering a bull stage as early as now. It may be a while before we break throung $4700 and experience steady levels above $4K. There's still some resistance as we can see that the price still falls. I just bet that many are happy with how the price levels are right now as they are anticipating for a bull run soon. Even without an upcoming positive announcement, we can expect a difference in the price trend now.

There is no worries if we don't see huge pumps this year, seeing the market moves slowly may good enough but it much better to surge it high even reaching into $10k. It pretty sure everyone will recover those losses happen last year. We don't just focus on the possible bull run returns but to accept of what the market have shown us for now.

It is a sign of correction and I also think that this is for the good of the market because of sudden volatility, and manipulation from the whales, And we can say that the bear is still dominant right now all we need to do is just wait for the sudden movement and I really think in this kind of downward movement of the market, I think for the community is to let their bitcoin to just sit it on our wallet, so the market would not really move down so much.

[Pursuer]

The next major move that can break the resistance is subject to a major fundamental announcement else the price will continue to range within $3700+ having been in that range for long until the recent rumoured ETF  approval leaked out before the price rally upward I believe the same scenario will repeat itself in an upcoming positive announcement.

There are plenty of reasons for bitcoin price to test again $4200 levels again but I still could not figure out why it suddenly fell down on last Sunday up to $3800 levels in less than 5 hours of trading. But, the good news is the range of bitcoin's movement has improved a bit. The next range would be up to $4700 levels and then bitcoin may stay above $4000 levels afterward.

I assume bears have lost their dominance and at the same time bulls not yet gaining the full strength. It is usually take more time for bulls to get into action in full pledged. But, we can be relaxed in mean time as bears are getting out of scenes slowly.

It's quite possible that the market had a correction so it fell to $3800 again. Even while it's no longer bearish as before, we may not be entering a bull stage as early as now. It may be a while before we break throung $4700 and experience steady levels above $4K. There's still some resistance as we can see that the price still falls. I just bet that many are happy with how the price levels are right now as they are anticipating for a bull run soon. Even without an upcoming positive announcement, we can expect a difference in the price trend now.

true but also we may be entering a new bull market since all the signs of it are there.
we have the high volume specially on OTC markets with lots of buys taking place and we also have the strong resistance that has been all over the $3k range making it tough to go any lower. and also we saw the first signs of reversal with the rise to $4200 which was pretty positive and the correction of it was also natural showing the healthy market moving forward.

[el kaka22]

I think the 4200 level seems like a psychological limit as much as a financial resistance as well. I know it is tough to break in financial standpoint but also at the same time people who see bitcoin reach 4200 levels start to think it hit the top again and will continue declining after that, which is not true because bitcoin does have power to go above that but people lost all hope on that regard.

We need to make sure people trust bitcoin again and support bitcoin above 4200 and when it reaches 4200 again we need to tell them to keep buying so bitcoin price breaks higher. Its a imaginary limit to what we can achieve for now and if we could just make people believe we can go higher than there is absolutely nothing that could stop us from reaching higher levels, the only thing that limits us is ourselves.

[arpon11]

I think the pressure move from $3250 and $3700 and $3850 now is now when the pressure is.  I believe that the bear has started losing their strength and though bitcoin is a bit stable now than were it was last year.  I am an advocate of stability and bullish conditions and I hope people will not lose if they can buy now.

[gabmen]

I think the pressure move from $3250 and $3700 and $3850 now is now when the pressure is.  I believe that the bear has started losing their strength and though bitcoin is a bit stable now than were it was last year.  I am an advocate of stability and bullish conditions and I hope people will not lose if they can buy now.

I believe there's nothing much to lose if you get in the market now even if the price drops a little more. There's little difference and it'll be very profitable if you can hold it for a long time. The market still leans a bit for the bears but don't think they're dominating the market at this point.

[munify]

I don't think negatively even though the market conditions are still slow in moving up, and even though it is still in the bear market but I still think positively that in the future there is still hope for the bull market.

[NeuroticFish]

and $3850 now is now when the pressure is.  I believe that the bear has started losing their strength

This may be wishful thinking. Be aware that the market is not moving as rationally as one might expect.

I believe there's nothing much to lose if you get in the market now even if the price drops a little more.

This is the right spirit. The ones believing that the market goes in cycles and after the crypto winter the uptrend will come... sooner or later.
Our biggest issue might be the lack of patience.

[eaLiTy]

We need to make sure people trust bitcoin again and support bitcoin above 4200 and when it reaches 4200 again we need to tell them to keep buying so bitcoin price breaks higher. Its a imaginary limit to what we can achieve for now and if we could just make people believe we can go higher than there is absolutely nothing that could stop us from reaching higher levels, the only thing that limits us is ourselves.

The people you need to ensure that the price will go higher are big investors and they exactly know when to pump the money in and when to get out and that might not the case of causal users who are active in the market irrespective of the market valuation, the market is showing signs of recovery and the winter period will be over soon as we are going through the longest bear period in its short existence, the market situation should change in the second or third quarter.

[shesheboy]

We need to make sure people trust bitcoin again and support bitcoin above 4200 and when it reaches 4200 again we need to tell them to keep buying so bitcoin price breaks higher. Its a imaginary limit to what we can achieve for now and if we could just make people believe we can go higher than there is absolutely nothing that could stop us from reaching higher levels, the only thing that limits us is ourselves.

The people you need to ensure that the price will go higher are big investors and they exactly know when to pump the money in and when to get out and that might not the case of causal users who are active in the market irrespective of the market valuation, the market is showing signs of recovery and the winter period will be over soon as we are going through the longest bear period in its short existence, the market situation should change in the second or third quarter.

what about average/regular people ? they also help the price to move up  . so what if they are only small time buyers ? keep in mind that when they are put together , that small amount they have can also grow and can compete to a big time investors  .  also  , not all average people will come and go  , most of them are verry passionate about investing in crypto because they also see the potential behind it  .

[redsun114]

Any decline in price you are seeing currently is just temporary and might not last for a long time, we have bitcoin increase and decrease within the last two weeks but if you take note of how the market has been going, you would find out that the price of bitcoin never dropped below a particular rate because there is wall at that stage which will only cause a bull run in the long run.