Reversal of Bear Market?

[Agarthian]

1000$ in few days ? Im impressed

Its showing early signs of a reversal if we can push it back upto 5K


Any thoughts ?


I Still feel we got some room to grow up

[1714752158]

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[1714752158]

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[mk4]

It's too early to say in my opinion. If anything, I'd probably just call it a price consolidation. While yes, the price increased by $800 if only a few days, but also take note that the prices also crashed from $4000+ to $3200 in a short time span. Is it going to continue to go up? No one knows, but my guess is that $3200 isn't the floor. yet. I repeat, it's just my guess. Trade wisely.

[kakonhat]

1000$ in few days ? Im impressed

Its showing early signs of a reversal if we can push it back upto 5K


Any thoughts ?


I Still feel we got some room to grow up

Maybe. But I am waiting to break $5K trade line. I think if Bitcoin overcomes $5K we can expect for the bullish way. Only expect not sure but if it breaks $8K then we are mostly sure for the big bull like as Bull.

[1Referee]

1000$ in few days ? Im impressed

Its showing early signs of a reversal if we can push it back upto 5K

Any thoughts ?

I Still feel we got some room to grow up

I'm actually more impressed by the sharp fall from over $6000 to $3200 than this silly increase. Imagine how many sellers went all out and dumped their coins in the process. It's probably what this market badly needed with how many people were dreaming about $50,000 before the end of the year.

I like to see a steady/healthy growth from here and not be sucked into nonsense short squeezes. People can hype up short squeezes as much as they want, but it's a fake pump that in most cases ends where it started. We need the price to increase based on demand and confidence that the bottom is in. More confidence means more money that will enter the market instead of smaller bits and pieces due to people dollar cost averaging.

Short term speaking, higher bottoms is what I aim for.

[Gloverwrt]

People too often talk about bull and bear market seasons. There is no clear definition as to where a bear trend ends and when a bull run starts.
This week has seen strong growth from bitcoin and the entire cryptocurrency market, and it opened a window of profit for traders.
Long term investors and hodlers would be waiting on higher growth in order to profit, depending on what price they bought at.

[beerlover]

I really don't know anymore. I want to believe that bitcoin is finally recovering and it will go back up to the levels we are more familiar with but I realize it only went up to the level it was a week ago. The price was moving between 4200 and 3800 constantly just a week ago and right now we are happy that it reached to 4 thousand dollars. I don't know what to feel about it anymore because I became numb to the prices after the price dropped so significantly.

I do hope it will keep going up but do not forget the eternal taught on price moves, if something goes 50% lower it needs to recover 100% reach back to the initial price, so when bitcoin went up 35% or so in the past week that means it dropped 17.5% previously. We need at least a %500 increase to go back to a good level.

[MrSunshine]

An argument could be made that the nearly 50% relativity quick drop from 6K to 3.2K was capitulation. Clearly the tone of the crypto community has change from the euphoria of a year ago with calls of 50K or 100K BTC. With BTC near 3.2K I was seeing many calls of BTC 1K or even less, and certainly many were expecting a further drop. Where we head from here is another matter, but I wouldn't surprised if we are flat for a few more months.

[pundit]

1000$ in few days ? Im impressed

Its showing early signs of a reversal if we can push it back upto 5K


Any thoughts ?


I Still feel we got some room to grow up

Yes definitely we need some room to grow up, BTC has shown sign of recovery but it would not be instant, it will be with price going up and down, price is consolidating at $4k and some correction is expected from here, it will then move to $5k I believe, lets wait and see what is written there.

[jagdeepjd]

As per the charts Resistance slot roughly at 4400$. If BTC keeps going then I see it tapping that in few days. But however, I expect a retracement down to 3500 support zone. From there we could see another trajectory up once again testing the 4k zone.
It is hard to call a definite reversal at this point yet. We may still see a new low. The market is very volatile these days . so trade cautiously.

[SyrulRamadhan]

if it has reached $ 5,000 and $ 6,000 I think it's time to be bullish. hopefully there will be good news that can help prices continue to rise and get many new investors

[MMS2017]

Yes after every interval the market become reverse and i am sure that market will show a reversal move and it will hit the previous target s by it's value and usage now many projects is designed for crypto and that projects is very important so people will use crypto for them and with this once again he bear time interval will be finished and market will show a rise in the future.

[Bonsaiav]

It's too early to say in my opinion. If anything, I'd probably just call it a price consolidation. While yes, the price increased by $800 if only a few days, but also take note that the prices also crashed from $4000+ to $3200 in a short time span. Is it going to continue to go up? No one knows, but my guess is that $3200 isn't the floor. yet. I repeat, it's just my guess. Trade wisely.

Although this can be true, I hope this will not happen again because this can break the spirit that just emerged two days ago, due to the increase in the price of BTC by $1000. Although this is too early to be said as an increase, however the public enthusiasm for the cryptocurrency is so great, even though in the end we have to be willingly seeing the price of BTC slump again at a depth of -4.08%.

[leowonderful]

The recent upwards price movement is still not a good indicator that we're now out of the bear market we've been in since the ATH, and this bear market may well not be over- there's still high selling pressure everywhere (we failed to break $4300 twice yesterday), and we could very well be down to retest the mid-$3000s in the next few days or weeks. We're still in uncertain waters, and I wouldn't call the end of anything just yet, not even this pump.

[tenakha]

1000$ in few days ? Im impressed

Its showing early signs of a reversal if we can push it back upto 5K


Any thoughts ?


I Still feel we got some room to grow up

IMO reaching 10k is not easy in a few days. Because this price increase is not based on anything and we cannot predict how long it will survive. For now if we break 4.1k we can see a little more upward movement. I do not know maybe we are losing more time every day by waiting.  

[Agarthian]

so btc is back in the 3800 range for now.

Tron n bCash still lookin  good for small upward movement.

4200 was rock solid resistance rejected thrice .



Will this bear madness never end ?

[Slow death]

1000$ in few days ? Im impressed

I do not know why you are impressed with this, remember that before the price was $6000 and soon fell to $3100, then a small increase to $4000 should not be something impressive, last year when the price went up from $6000 to $20,000 took 2 months. The question now is whether the price will be able to stay in the $4000 and rise to $6000 or the price will fall to  $3000 and then would fall below  $3000

Tron n bCash still lookin  good for small upward movement.

these two altcoins had a great exaggerated increase

[Yamifoud]

so btc is back in the 3800 range for now.

Tron n bCash still lookin  good for small upward movement.

4200 was rock solid resistance rejected thrice .



Will this bear madness never end ?

Tron and Bcash were looking good for now but it will follow to dump in few days from now.
We're getting mad to see the price fall back again, we still don't have solid resistance nor the demand exist that could bring this for a new pumps that is why it is easily to drop.
Full support is what we lookin for to have a strong and healthy market, but we can't see it right now.

[iv4n]

so btc is back in the 3800 range for now.

Tron n bCash still lookin  good for small upward movement.

4200 was rock solid resistance rejected thrice .



Will this bear madness never end ?

Tron and Bcash were looking good for now but it will follow to dump in few days from now.
We're getting mad to see the price fall back again, we still don't have solid resistance nor the demand exist that could bring this for a new pumps that is why it is easily to drop.
Full support is what we lookin for to have a strong and healthy market, but we can't see it right now.

If you believe in dump in next few days than you need to short your position, easy and simple. But how much can you be sure in that drop, enough to risk some coins on that? Fluctuations are common thing in crypto, use it if you know how, if you don't know just hold. Price can enough space to grow, to grow a lot, on that way to the top we will see many more ups and downs. I don't know what to think, I have some bitcoins bought on 3200 I will wait a bit more before I sell, looks like new year is bringing some nice uptrend and if that continue we can see 5000 dollars, I will think to sell on that point or to wait and make double money, it's not greediness, its crypto and here everything is possible.

[Biscutard]

Don't just get too excited because this is just a simple sip of the resistance of $4k but the true bull run is not coming yet. Bull market needs a big push to starts it, like the one that most investors will start to dump everything but we aren't there yet. So, let's just wait for that biggest news that will trigger the market to push up.

[kotajikikox]

It's too early to say in my opinion. If anything, I'd probably just call it a price consolidation. While yes, the price increased by $800 if only a few days, but also take note that the prices also crashed from $4000+ to $3200 in a short time span. Is it going to continue to go up? No one knows, but my guess is that $3200 isn't the floor. yet. I repeat, it's just my guess. Trade wisely.

I agreywith you mate and good answer keep safe from this market pumped signal its better to use this price gain wisely because there will possible to continue pumping or dumped a litle before year end, Hopeing this is a sign for the end or bearish market rending.