Seems to me Bitcoin is getting over the bear sh*t

[yesyes18]

Pardon my language friends. Just that the market sentiments have got all of us emotional. Now I am no expert or technical analyst but i have noticed one thing and I'm sure most of you have also gotten that.

There were some big news and happenings that could've dragged the price way down but they didn't, tho we took a hit but not as many expected.

-VanEck ETF was withdrawn and market was quite like the cemetery. No response
- Nouriel Roubini did his thing again at the economic forum and previously after doing that, the market doesn't take long to respond downstream but this time it delayed.
- Craig Wright also sid his thing same as the last time we consolidated and he earned insults instead this time
- WhaleAlert tweeted big movement of BTC in millions to exchanges and i saw many shouting dump dump dumo but it seems the response wasn't that hard.
-So called Technical Analysts also started drawing bearish charts and I've seen some of them redrawing today
-Amd as usual, the media never stop doing their thing (Spreading FUD) and some reposting old posts to make them new.

In all, I can say that the drop in the last 24-48 hours could've been scary but it got a support.

Maybe some good news are incoming, we can't be sure for now but in general i was happy for the last 24 hours. Let's see what the coming weeks also have for us.

[Ezenwanyi1]

Although I'm not one who much attention to price prediction these days because I have got my fingers burnt more than twice following price prediction signal channels on telegram.
But from my little experience, I agree that the bearish market maybe having it's last breath.
Hopefully, we see bull run soon.

[LFC_Bitcoin]

A bit of patience my friend. Bitcoin always goes through phases lile this when everybody is near suicidal.
The price wilp definitely pick up in around 6 months.

Relax.

[AlexSimion]

It's to early to tell , I share the same sentiment but got burnt plenty of times before ,  I think/hope in the next 2 months price will start going upwards.

[BrewMaster]

interesting list you have gathered here. i didn't even notice most of these things here! but i usually don't follow the drama specially when the media is filled with a lot of negativity towards bitcoin.

the reason why market is not responding to the FUDs is mainly because the price is over dumped. it may not look like it now but bitcoin value at this point is a lot higher than $3500 which is why it is becoming increasingly difficult to dump it any more.

[Shiversnow]

A bit of patience my friend. Bitcoin always goes through phases lile this when everybody is near suicidal.
The price wilp definitely pick up in around 6 months.

Relax.

There is no assurance that after 6 months the price of bitcoin will boom and just keep on waiting guys because maybe in this year we can see another bull run. Stay calm and keep supporting bitcoin until the price rise up and so we can gain high income like what happen in the year of 2017.

[kingpin4321]

Bitcoin hasn't even yet gotten over $3500 and we want it to get over the bearish market that is a futile hope.
All the event that you mentioned has not impacted on the market positively to predict a bull run

[bitmover]

A bit of patience my friend. Bitcoin always goes through phases lile this when everybody is near suicidal.
The price wilp definitely pick up in around 6 months.

Relax.

I agree. Bitcoin  always acted in an unpredictable way.
It's in a strong support now... But it may still go deeper. For Everytime it goes even deeper down the chances of going up increase. Let's wait, bitcoin will fight back.

[metalglowd]

with the ongoing conditions like this, I think it will take years for the market to recover, even some good news is not enough to increase public confidence in crypto. It's clear right now, this is like what happened in the previous year, and the proof is that the market never recovered

[arpon11]

Pardon my language friends. Just that the market sentiments have got all of us emotional. Now I am no expert or technical analyst but i have noticed one thing and I'm sure most of you have also gotten that.

There were some big news and happenings that could've dragged the price way down but they didn't, tho we took a hit but not as many expected.

-VanEck ETF was withdrawn and market was quite like the cemetery. No response
- Nouriel Roubini did his thing again at the economic forum and previously after doing that, the market doesn't take long to respond downstream but this time it delayed.
- Craig Wright also sid his thing same as the last time we consolidated and he earned insults instead this time
- WhaleAlert tweeted big movement of BTC in millions to exchanges and i saw many shouting dump dump dumo but it seems the response wasn't that hard.
-So called Technical Analysts also started drawing bearish charts and I've seen some of them redrawing today
-Amd as usual, the media never stop doing their thing (Spreading FUD) and some reposting old posts to make them new.

In all, I can say that the drop in the last 24-48 hours could've been scary but it got a support.

Maybe some good news are incoming, we can't be sure for now but in general i was happy for the last 24 hours. Let's see what the coming weeks also have for us.

This question prompt in my heart whenever this issue of ETF come in discussion. It is seeing as a tools in the hands of big market players in other to manipulate the market.  Sec rejection throughout 2017 and 2018 do bring bitcoin price down and that that the application is withdrawed bitcoin did not react to it.  It seems some one is robbing Peter to pay Paul. The micro investors has really lose out and big fund has been pull to whales through out last year till this moment.  I think  bearish market is almost over and we can start seeing bullish trend since the tools used is out of the way.

[KingScorpio]

interesting list you have gathered here. i didn't even notice most of these things here! but i usually don't follow the drama specially when the media is filled with a lot of negativity towards bitcoin.

the reason why market is not responding to the FUDs is mainly because the price is over dumped. it may not look like it now but bitcoin value at this point is a lot higher than $3500 which is why it is becoming increasingly difficult to dump it any more.

oh its not difficult to dump bitcoin even deeper, it will basically desillusion you (the bitcoin founders)

as ponzischemers, that seeked to scam whole world with their corupt and zentralised cryptoindex

you will then end up staying like a cult marketing your trash and your index to everyone.

that point is reachable and bitcoin price will then be in the 1 digit again.

people will feel uncomfortable, when they will be offered bitcoin.

[mk4]

Can you tell us why you think bitcoin is a ponzi scheme? You pretty much have the same nonsense arguments like those bitcoin haters that doesn't even have valid reasoning.

Also, how is using a "cryptoindex" a scam?

[Ridwan Fauzi]

Here is a type of someone who have investment in bitcoin,
-looking for related information about regulation of bitcoin/cryptocurrency as a whole everyday.
-Judge the information
-sell if he judged the information is bad
-hold if he judged the information is good
-repeat for the next day
Most people did it, and for some people who have full confidence of bitcoin future tense so he will be indifferent.

[pawanjain]

Pardon my language friends. Just that the market sentiments have got all of us emotional. Now I am no expert or technical analyst but i have noticed one thing and I'm sure most of you have also gotten that.

There were some big news and happenings that could've dragged the price way down but they didn't, tho we took a hit but not as many expected.

-VanEck ETF was withdrawn and market was quite like the cemetery. No response
- Nouriel Roubini did his thing again at the economic forum and previously after doing that, the market doesn't take long to respond downstream but this time it delayed.
- Craig Wright also sid his thing same as the last time we consolidated and he earned insults instead this time
- WhaleAlert tweeted big movement of BTC in millions to exchanges and i saw many shouting dump dump dumo but it seems the response wasn't that hard.
-So called Technical Analysts also started drawing bearish charts and I've seen some of them redrawing today
-Amd as usual, the media never stop doing their thing (Spreading FUD) and some reposting old posts to make them new.

In all, I can say that the drop in the last 24-48 hours could've been scary but it got a support.

Maybe some good news are incoming, we can't be sure for now but in general i was happy for the last 24 hours. Let's see what the coming weeks also have for us.

Don't you think your title should have been more like "Bitcoin got a strong support" or something like "Bitcoin is getting stable".
While bitcoin does have a strong support around $3400 it still hasn't shown us any bullish signs. Although the market is getting stable there are no positive news spreading around.
We really can't predict how this year would be for the crypto community.

[farosa]

A bit of patience my friend. Bitcoin always goes through phases lile this when everybody is near suicidal.
The price wilp definitely pick up in around 6 months.

Relax.

Maybe. The price seen at the moment does not point to good things. It is spoken that the price will go to $2700-2600 wherever I look. But we are still all hopeful and hopefully this hope will help increase the price.

[cabron]

Since the market has slowly calm down and yes I think we can say the bears are slowly stopping now.  Bulls must now start proving that Warren Buffet isn't as brilliant as he thinks when he said bitcoin won't end well. A lot of stupid who didn't see the staggering proof why blockchain will survive believe that old fart.

[jubilarian]

I hope that it will happen like your prediction. But in my opinion, we have to wait and it need the time. 

[jointherevolution]

Maybe most people have the belief that the estimation of the bear market ending on April 2019 is valid so every day news do not affect as much. I do not want to say that crypto market becomes more wise or that emotion does not rule over it because it does not seem to be the case. It is good that negative news did not sent the price lower.

[Ucy]

There is a reason why the price don't respond to news/fundamentals anymore. Those who are observant should know the reason.
I think the typical media FUD has kind of decreased. There is one other problem we currently face. I just hope it doesn't create a problem in the future.

[Coin-1]

-So called Technical Analysts also started drawing bearish charts and I've seen some of them redrawing today

In my opinion, technical analysis is almost useless for forecasting prices on crypto exchange markets, so do not pay attention to the charts that it draws.

the reason why market is not responding to the FUDs is mainly because the price is over dumped. it may not look like it now but bitcoin value at this point is a lot higher than $3500 which is why it is becoming increasingly difficult to dump it any more.

Recently Bitcoin has already dropped to $3150. If we assume that this value is a strong support level, BTC could go down by another $300. There is still no significant positive news for a bull run.

Don't worry. Bitcoin will struggle.