Alternative view: There is no bull market. Bitcoin will go down.

[Kemarit]

The truth is, bear had never go away, its that the bullish market is pretty dominant at this moment but sometimes Bearish appears but easily dominated by bulls, that is another reason why we can see higher low (price crashing but higher than the previous  bottom price) during the bullish season of Bitcoin market.  I also agree that there is always a possibility that the trend will go the other way (Bitcoin going down) but I dis-agree that there is no bull market because if there is no Bull market then what do you call this rally of BTC from 3k up to the present price?

That would then be a bullish periode that has ended with the nearly 13k high.

That could also indicate that the price increased will slow down, but it doesn't mean that we can't go back to $13000 again. I don't know how long have you been to say that there is no bull run whatsoever. But if you look at Bitcoin's past history, this could be around 2015-2016 wherein there is a periodic run and then eventually goes on a crazy bull run in 2017. With that said, yes we are down right now, but this is just how the market works, so we will just let wait and see how it will go, but I'm seeing another attempt at $13000 in the coming weeks.

[1Referee]

Let us say whales might sell but they cannot dump it to a number which is too low for people to panic again.

It depends on where their stops are located. Most of the people aren't selling manually but do it through triggered stops.

I think that it's safe to say that when we hit $8999 the price will experience a fast decline towards $8500, or even lower if there isn't enough liquidity on the buy side of the order book. The few noobie noobs that do end up selling manually have very likely done so already, which if you look back, they have done a good job looking at where the price is right now.

I remember people (mainly hodlers) making fun of those who panic sold around $10,000 back in 2018. They would regret having sold with how the bull run would push the price back to $20,000 before the end of the year. We all know what happened after that.

[STT]

I think the biggest thing with stops is are they leveraged because they may not have a choice then.   The market has a habit of wringing the sponge dry, basically it will shake the loose money out.   Its a natural phenomena that always reoccurs.



See if it can lose the 50 day MA convincingly first.   A good close below and a continuation down would seem to indicate more work needs to be done for any positive movement hopes.

[Wind_FURY]

Hello guys,

Hello OP,

I give you another alternative view from my universe. Zoom out!



There was ALWAYS a bull market. Buy the dip, and HODL.

[cryp24x]

Hello guys,

Hello OP,

I give you another alternative view from my universe. Zoom out!



There was ALWAYS a bull market. Buy the dip, and HODL.

As far as I know, market had been swinging from bear market to bull market and vice versa.  Both view I guess is right, and I think bull and bear market always coexist everyday.  So I guess, OP's pov is half true because he failed to see that Bull market is always around.

[tuner324]

Hello guys,

Hello OP,

I give you another alternative view from my universe. Zoom out!

https://pbs.twimg.com/media/D9Q-XdMXUAEWdys?format=jpg&name=large

But is it really that bullish?

It kinda looks like it could have flattened out already?

[Wind_FURY]

Hello guys,

Hello OP,

I give you another alternative view from my universe. Zoom out!

But is it really that bullish?

It kinda looks like it could have flattened out already?

Many people have said that before you during 2015. Look at the chart again, but cut it, and look only from 2010 to early 2015. Flattened out already?

[tuner324]

Still doesn't look too bullish tbh.