Wow, the bears are back, if we're not careful they'll eat us too :)

[cybersofts]

Damn, the bears are back, guys!
I saw the market has started going down today as it erases almost $10 billion in the last 10 hours.
What do you guys think we should do? Cash out now to cut losses or we should stay on the market this is just a mere correction?     

[gentlemand]

It was a ludicrous pump. It's totally natural that it's going to deflate as rapidly as it happened. Ideally it'll settle further up than where it started which is the best that can be hoped for. I wouldn't call it bearish, more realistic.

[cybersofts]

It was a ludicrous pump. It's totally natural that it's going to deflate as rapidly as it happened. Ideally it'll settle further up than where it started which is the best that can be hoped for. I wouldn't call it bearish, more realistic.

Do you see any chance for bitcoin settling somewhere around $4,500? It is going to a huge success if bitcoin settles at around $4.5k to $4.7k for bitcoiners. With that, I have no doubt the bitcoin price could reach $10,000 by the December, guaranteed

[gentlemand]

Do you see any chance for bitcoin settling somewhere around $4,500? It is going to a huge success if bitcoin settles at around $4.5k to $4.7k for bitcoiners. With that, I have no doubt the bitcoin price could reach $10,000 by the December, guaranteed

Dunno. And who cares? It was a nice reminder that things can turn rapidly and a shot in the arm after a long period of nothing. If it poos itself to death at least it proved the appetite was still there and it will be again in future. As far as I'm concerned it can do what the hell it wants for the rest of the year well into the next one. It's post halving we should be looking to.

[Hamphser]

Damn, the bears are back, guys!
I saw the market has started going down today as it erases almost $10 billion in the last 10 hours.
What do you guys think we should do? Cash out now to cut losses or we should stay on the market this is just a mere correction?     

Bears can eat us up anytime that's why as an investor or trader you should really be prepared for that situation anytime because not

all the times we would experience happiness when we do see some price increase.Come to think that dump can anytime happen as fast
as we do able to see when theres a pump that's why you should be attentive on how to secure profits.

[Yamifoud]

The market is so volatile and we haven't to expect for the continuous pumps, instead to think also a rolling back price as it always to be happen.
Anyways, such falls isn't that big and there is no need to be worried so much. This is important to always be prepared for everything that will happen along the pumps cause possibly dumps will follows which causes us to loss instead of gaining.

[Adriano2010]

The crypto market is so unpredictable, that no one can know before if the grow will continue, or if will follow a drop in price, but i think is still a good sign that grow and maybe we will see more grow after some time pass, but indeed we need people to not panic and sell when they sell some drop.

[BitHodler]

It's so funny seeing how people shift from bull to bear mode because of how traders cash out coins they bought well under the $4000 mark. Nothing in the world pumps like that without correcting somewhat.

Good thing is that the resistance levels that kept us below $4200 for such a long period of time, will become support levels would we test them in the coming days or weeks. This is how markets always have been, so nothing new here.

I am still in accumulation mode so it's perfectly fine for me looking at how the price is going down. Lower price means more coins for my fiat. It's impossible to not like such opportunities.

[vit05]

It is a great time to correct the portfolio and make new strategies to buy more. In corrections like this one, I become more confident if it didn't go down to a major correction zone. Let s see how Asia and Europe will wake up

[Sithara007]

The $1,200 pump was not backed up by any solid reason. The pump happened just because some anonymous user put $100 million in to the market (but that doesn't explain the spike for the other cryptos). This triggered the rally and the excess supply quickly vanished from the major exchanges. But this is not a stable situation. If there are no more purchases from this anonymous user, then we can expect the situation to go back to the pre-pump levels ($3,800 per coin).

[hatshepsut93]

They bears are not really back yet, this was just a small correction after a crazy pump. A real bearish movement would be going back to low $4,000, which still can happen easily. The rule of thumb is that you shouldn't expect any sort of vertical movement unless it's the height of bull market (remember how it went from $10k to $20k in days?). I personally have shorted a small amount of coins between $4,900 and $5,100, going to buy it all back soon when the price will drop or will stay at the current level for a few days.

[TravelMug]

But the bulls is also fighting back, it went down to $48xx and now it's back to $4900 and closing in at $5k again. So the bulls is not giving the bears a good fight at this point and we don't know who's going to stay on top.

But the volume though, from $20'ish billion down to $17 billion now, very strange. I think we can see the price going to settled in the vicinity of $48xx-$49xx. Maybe another sideways pattern until we get into another break-out, let's see how it pan out in the weekends.

[TopT3ns]

Only can see price get up and down, don't know bear come again or correction but i not sell my assets yet.  Maybe in a few months bitcoin price can increased again so my target has fulfilled.  I don't have skills that i can use in market, only can do buy and hold and sell and minimize losses if i get loss.

[pooya87]

a small 3% drop after a big 30% rise is called correction not the bear market. and that is what bitcoin had, a correction after going from around $3.9k to above $5k it needed a correction and that is what happened when price went to $4.8k-$4.9k. bears are only "back" if price reaches $2900

as for all the altcoins in your picture, they have been getting dumped ever since bitcoin passed $4200 market and started shooting up. so there is nothing new there.

[thecodebear]

The bears aren't back, its simply a pull back. Did you really expect it to just keep going up?
Of course there is going to be a pull back after a huge pump.

This is nothing to worry about, it is completely expected. Look at october 2015 the last time Bitcoin broke out of the bottom, huge pump followed by a leveling off lower for a bit before it headed back up. Basically a good bet is to look for bitcoin to level off either in mid-4000s or high-4000s or maybe right around 5000 for a bit before it heads a bit higher.

Its the altcoins that are dropping a lot more than Bitcoin because their pump was ridiculous. Bitcoin is looking strong to start this new baby bull market.

[Shinpako09]

I didn't call the recent rise as bull run, the same with the fall we got after reaching $5k, not a bear. For me it was just a normal run due to fluctuation of price. So why worry? the recent rise is a proof that btc will recover no matter how down it was. Btc manage to reach $20k from less than $200 before so that few hundred of bucks decrease is just nothing.

[gabmen]

Lol. Stop making a big fuss over the market with little movements. It goes up a little, people eagerly call a bull run, it drops a little, people say it's the bears. Can't it be neither? Just a regular market movement that's what it is.

[talkbitcoin]

actually the bears never went anywhere there are those bears who saw the change so they stopped being a "bear" and changed with the market since they didn't want to be left behind and get crushed by the market. and there are those who refused to change and after losing 30% of their investment are now scared and are trying so hard to make "bearish" trades to make back what they blow up in smokes.

[The Cryptovator]

To be honest trend still on bear mode although we have seen little pump. I am wondering if bitcoin able to stay at least $4.5K for few days then we might see a small bull run. I will call bull trap on current situation and that's why we are experiencing small correction. It was expected for me. However, next move may be will $6K zone if bitcoin able to stay above $5K, but seems unable to stay.

[dothebeats]

Some could have collected some profits while the price is still at a good standing, and considering that the pump to $5000, alongside other cryptocurrencies that have experienced a good bump, too, a correction is inevitable and would obviously be underway in just a short span of time. I would be surprised if no one would have thought of collecting profits while the market is calm and is in the greens given that we have been in the $3000 ranges for too long and some people have surely bought during the lows of $3200.

The bears never have left. They are just waiting for the right time to sneak and get the upper hand.