Is the bear market over? Important Weekly close!

[bobsav2121]

Don't think so mate... Quite a few things need to happen if we want to see BTC going up to 20K again.

These people touch on some of the technical issues that need to be addressed:

https://cryptotradernews.com/cryptocurrency/bitcoin-the-path-from-4000-to-40000/

[Herbert2020]

the bitcoin bear market has been over for a while now. ever since price reached $3100 it was over already but at that point we could only guess and risk considering it the bottom. but when the signs of rise started coming out it became more apparent that it was the bottom and the end of the bear market. the final blow that made everyone sure was when price went above $4k and remained there. now we are already in the bull move that is warming up slowly as the money is coming back to bitcoin from all the places it has gone including altcoins as people pull their cash out and put it back in bitcoin.

[pawanjain]

Bitcoin has proven to repeat history twice and hence there are pretty good chances that it might repeat the history again.
Although according to current market conditions the bear market is over it would be nice if we wait for a few more months before jumping into conclusions.
Most of the bull runs have taken a big leap in price after the first half of the year has finished, we should probably wait until the same.
Once the next 1 or 2 months are over, we will get a clear picture of the market conditions and thus we can strategise the further investments.

[bonker]

Definitely the markets being not go well so we are making the decision to be critical in all the situation but the decision about the end of bear market is always been happening little by little so the end will not been cleared by the Crypto filled till now.

[Idrisu]

We would not need a professional to give us answer for this.  The bearish market is over and bitcoin has broken the strongest channels that has keep it low for some times.  Bitcoin is gaining more this day than the bad market that was happening last year.

[uray]

At all times, it is not always a business decision to invest all you have into just one single area, diversification is best for growth.

As to whether to wait for more increase before buying, I do believe that the greens are already here, a good altcoin is good for the ride.

If you are looking for a good profit in the short run, the only coin you can trust is bitcoin and not the rest of the market, the only coin that can give you the maximum benefit is bitcoin, the rest of the market will rally when the price of bitcoin moves forward, but you cannot always trust the secondary market all the time as people will be selling off their altcoins just to join the bitcoin rally. Diversification is a good option but you must be careful in which coins you select to invest.

[LUCKMCFLY]

These market movements have been very good, in fact that Bitcoin has increased and almost no volume is excellent, because it means that the supply is running out for low values, that is, now the offer can be put on higher prices, which is beneficial because it can generate a liquidity zone, or a possible lateralization.

Be one of these cases, hopefully, because we are returning to the good area of ​​accumulation, and $ 6K is the best for many traders and speculators, which encourages many people to continue joining the bitcoin and the speculative market.

In my way of studying the market, we are not bearish or bullish, we are in the same phase of accumulation, which is the phase that is still much better to continue buying Bitcoin because it is where it is cheaper, that's why the offer has gone on the rise, because people are starting to value Bitcoin a lot more. For now, as I study the market following the Wyckoff methodology, what is more advisable is to wait to see how the market continues to develop, because anything can happen, what is most expected is a bullish rally to see a complete recovery of the market .

[coinplus]

It is obvious that the "bear market" was already over for a long time, even if we were not in bull market we were certainly not in a bear market for sure. People think that "low price equals bear market" but that is not the case, bear market is when price goes down and for months we have been trying to break that 4200 number over and over again which means we were not in bear market to say the least.

Nevertheless, the good news is we are not possibly in a bull market, we can't say it for sure right now but we can say that it is certainly looking like the start of an early bull run. That is the difference we have been seeing in the past month which is why I think it is really important that all bitcoin holders should wait out this period without selling and see if we will have a big bull run or not instead of capitalizing their profits right away.

[harizen]

Bear market might be over but people don't have to make a big expectation out of it. Just go with the flow and don't hype promising price target like "we will reach $10,000 this year, we will reach another ATH, brace yourselves and buy coins now" etc.

More importantly, we have now seen the "bottom" of the long period of bearish market. From there, we can take that as reference on our future strategy.

Also always remember that even bitcoin price will surely goes up no matter what, past performance can't guarantee future results. Therefore the exact period where it should goes up should not rely on bitcoin's past performance.

[Supercrypt]

Are we still talking about the bear market, I thought the bear market was already over since the beginning of last month, because tracing the history back, that breakout has made bitcoin to continue to perform, during this period, many people who are not even full trader has made enough money with the little fluctuations that has happened.

I think it is really the last time we stop giving recognition to the bears, the bulls has already taken over, they just need more things that will empower them to continue pushing the price of bitcoin upward till we break to the ATH this year or next year.

[asriloni]

At all times, it is not always a business decision to invest all you have into just one single area, diversification is best for growth.

As to whether to wait for more increase before buying, I do believe that the greens are already here, a good altcoin is good for the ride.

If you are looking for a good profit in the short run, the only coin you can trust is bitcoin and not the rest of the market, the only coin that can give you the maximum benefit is bitcoin, the rest of the market will rally when the price of bitcoin moves forward, but you cannot always trust the secondary market all the time as people will be selling off their altcoins just to join the bitcoin rally. Diversification is a good option but you must be careful in which coins you select to invest.

Are you joking with me? If I have invested only a few bucks and how much I can get from there? Bitcoin is really worth for those people are having so much money.
The rest of market depends on its development too and try to take a look what has already done by binance exchange site. whatever if it's primary or secondary and I can't trust it because speculation will always bring you in the big risk of investing.

[Ipwich]

I think it is really the last time we stop giving recognition to the bears, the bulls has already taken over, they just need more things that will empower them to continue pushing the price of bitcoin upward till we break to the ATH this year or next year.

I do believe the bear is gone, bulls time now and we are enjoying it.
Instead of talking about the bear, let's talk about what we should do in the future as bull market is now penetrating.
We should have plans in the future, we cannot be greedy this time again, we need to sell and dump our tokens once profit is already achieve.

Bitcoin is likely to reach a new ATH it could not be this year but I think we don't have to wait long anymore.

[OrangeSeller]

History does not repeat itself all the time, but I like to believe that the bear market is already over and we are in the bullish market now.
Thanks for giving an effort making this analysis, quite short one but this helps people believe that bear is over.

As seen in history in the last bear market once BTC has gained 50 W MA the bull run has started. Should the history repeat itself?!

I believe that the market is not fully bull market right now but of course it is bullish and since we know that Bitcoin has gotten good Decembers, in the months to come, we might enter a phase of good rise. Bitcoin will cross $6000 in no time and then the speculation in the coin due to fear of missing out would be quite impressive and instrumental in pushing the market up.

[SeW900]

"History repeats itself" But not all the time of course we don't have assurance that it may happened again right? but if we're going to refer on data analysis and comparing it to current situation there's a chance that it might happened again so in order to be safe what I do is to divide my investment into two parts: 1 for day/swing trading and the other half is for holding.

[whirlcoin]

Last few weeks have been quite bullish for BTC.
As of 6 April BTC had a Weekly close above 50 MA, which is a very significant level for BTC.



As seen in history in the last bear market once BTC has gained 50 W MA the bull run has started. Should the history repeat itself?!

the bear market is over but the marks that will be given by the previous market will be there for sometimes and this situation is also like that so we need to wait for sometimes for 100% bull market situation.

[Yaunfitda]

Just look at this info:

Performance
24 hours   1.02%
7 days   10.49%
14 days   5.22%
30 days   12.96%
60 days   51.42%
1 year   -37.18%

Since all time high   -70.28%

https://athda.com/coin/bitcoin

So in the last 60 days or so, we are up more than 50% already. So it's clearly a sign that bitcoin is out of the bears now as the price continues to grow in the past 24 hours.

But the thing is that we always wanted to see the price going up. But then again, we will see some healthy corrections and pullback along the way.

[ApocalypseNow]

I am certain that the bear market is over but the bullish that we kind of hoping to arrive is not yet here. I bet that before we even reach $15k, traders are going to dump it again. I know that the halving is overly hyped but I think the timing of everything is very difficult to reach ath again.

[Cherylstar86]

I am certain that the bear market is over but the bullish that we kind of hoping to arrive is not yet here. I bet that before we even reach $15k, traders are going to dump it again. I know that the halving is overly hyped but I think the timing of everything is very difficult to reach ath again.

 We are witnessing the current market phase has pumping rapidly and it is a good sign indeed that bear market was broke certainly. Maybe it is about wide patience on conquering the possible outcome of the field and being optimism to engage positivity that market will reach the desirable peak before this year end.

[Cosbycoin]

Last few weeks have been quite bullish for BTC.
As of 6 April BTC had a Weekly close above 50 MA, which is a very significant level for BTC.



As seen in history in the last bear market once BTC has gained 50 W MA the bull run has started. Should the history repeat itself?!

[im g]https://i.imgur.com/qSWjqYs.png[/img]

History might revive. There are chances that bitcoins will enter the bull markets soon and we can expect all of the markets to show us some growth. Last time, before the bull markets arrive, there was similar situation as there is now about the markets and it really made me think about the same.

There are few more things which are matching the last time before bull market situations so we can expect something big coming towards us now. Now most of the peoples have believed that the bear markets are over and now is the time to enter the bull run so many peoples have started buying bitcoins as of now. Lets hope everything turns long lasting this time.

[traderethereum]

I am certain that the bear market is over but the bullish that we kind of hoping to arrive is not yet here. I bet that before we even reach $15k, traders are going to dump it again. I know that the halving is overly hyped but I think the timing of everything is very difficult to reach ath again.

I would not say like that because I feel the bear market still around us and although it's not getting down too deep the price still getting down in every time.
And if you check on the market, you will see that the market still fluctuating and it's happened to bitcoin and altcoin too.
So you need to be sure if you have a plan to buy more coin because you can get a trap at the high price if you don't be careful.
The dump in the market will always happen, but we don't know the time to happen and all we can do is just prepare.