Bitcoin Is Bearish

[CryptopreneurBrainboss]

I see the reason this thread has not got any contribution since that it was dropped, maybe hodlers didn't like the bear trend speculation for bitcoin and for the difference, bitcoin has climbed very high and almost meeting the ATH. Definitely, it has been a smooth movement for bitcoin since it touched 10,000 for the second time this year.

No, it's because this is another generic thread that won't add much impact to the forum as the discussion here will merely be speculations backed by our personal opinion and repeated replies. We're too quick to jump into conclusions which is one of the biggest enemy of individuals in the industry. Any small correction is seen as a bearish signal which isn't so. If you're following the price of bitcoin you would had noticed Bitcoin has already gained atleast 90% ROI in a period of merely 2 months.

That was an unhealthy growth even for Bitcoin and could have caused a very big dump assuming this correction didn't happen now. The fomo was much as everyone was panic buying anticipating that the previous high was to be reached before the year ends which a dump would had mostly been the next thing to happen.

[MCobian]

In my opinion many people misjudge the correction that has occurred in Bitcoin, not because the price of Bitcoin has fallen,
then it is said to be bearish. In my opinion, the increase in Bitcoin has been very drastic in the last few months, very reasonable
in case of price correction. Because the increase in the price of Bitcoin without correction is not healthy.

Regarding the opinion that says that the bull run is over is not true, because the bull run will continue until 2021. In fact, I am still
optimistic that the target for Bitcoin to reach all time high prices can be achieved in 2020. You can see Bitcoin is starting to move up
again nowadays, and there is still one month left for Bitcoin to return to the ATH price.

[suzanne5223]

This may be the end of the bull run where many experts predicted a new all time high for Bitcoin. 
We can only hope this is just the part of the correction period some of us expected.   
We were so close to that all time high and i do not think Bitcoin is Bearish by any means.

no that's not the end we still have months before the year's end how people here called it bear when it actually just a simple correction?

Do you want to see price of bitcoin continuesly increase without a correction do you think it's possible?

What happening now is a sign that we are in good condition market unlike what we see before.

I guess most naive cryptocurrency investors and holders sees Bitcoin correction/dump in price as a curse than been a blessing because it actually open doors for new profit and the last time i checked every market corrections that happen when the market ATH price is awaiting it a chance for those that miss the previous downtrend market to buy before the total bullish start.

[dimonstration]

Bearish for now but will not be bearish for too long, its typical that the price will fall dye to its continuously increase in price before. It can be a correction but after these price will sure to have it bull run again. I don't see it as a bear that we experience before. There is still a month left for 2020, price can still change though depending on how we will be able to monitor it. We can't blame others who already take profit since its indeed attempting to do as the price is already high.

[maydna]

2020 is not a price for Bitcoin, but bearish for Altcoins, yes, although not all altcoins experience Bearish,
but it is very common for altcoins now., Because the dominance of Bitcoin is still above 60%,
the Altcoin price only recovered a few, such as Ethereum, Ripple, Tron, Cardano etc., but this is not a bear season, this is a bullish season.

2020 is the year for bitcoin to rise again after it's down at a low price for a long time. We can see that in this year, bitcoin price can get a bullish trend, and the price can start rise after it sleeps. The next year will be another good time for bitcoin to lift the price and hit the next ATH, and as we can see now, the bitcoin price back to $$18k, and that is a good sign for us to expect the next high price. But we need to aware of another downtrend that can happen to bitcoin, and if that time comes again, we need to be ready, and if we want to buy more bitcoin, that will be a good time to buy bitcoin.

[TitanGEL]

Bearish for now but will not be bearish for too long, its typical that the price will fall dye to its continuously increase in price before. It can be a correction but after these price will sure to have it bull run again. I don't see it as a bear that we experience before. There is still a month left for 2020, price can still change though depending on how we will be able to monitor it. We can't blame others who already take profit since its indeed attempting to do as the price is already high.

For me it is not bearish because you just see a drop wherein the major supports are still holding, once the major supports break then for me it is only the time to consider that the price of the bitcoin is already in bearish trend. Look at the price of the bitcoin wherein it easily recovered after it got retraced, I actually did not expect that the price will quickly recover and I think many people accumulate when the retracement happens. For me the price needs to be stable inside the range and I want to see that the price will resists again in $19,500 but breaking it is good because it only means that we will see that the ATH can happen in this current year.

[lunnatic]

Bitcoin has come out of Bearish, if you realize Bitcoin has been bearish for 3 years,
and now it has started in the bullish season, it has been seen that the price of Bitcoin has been able to hold above $ 16k,
and that is very impressive.

[marcous]

I don't think so, When viewed from 1H and 4H, Bitcoin is still trending up, and there will be a mini breakout. Bitcoin fell because of a correction. As long as Bitcoin is not sideways, it is not safe for altcoins. The dominance of Bitcoin is still above 63%, this is kinda risk for altcoins

[FanEagle]

We should stop with these type of huge overreactions to each movement. I see bitcoin going up few hundred dollars and suddenly there are tons of posts about how bitcoin will be $318k and none of them are around anymore, go check them and there hasn't been any messages on their topic for few days now that bitcoin is down. And when bitcoin is down there are tons of topics about how bitcoin is bearish, bitcoin is going down, bitcoin will be 0 and many things like that. Is this like a joke to some people?

I mean you do realize that not every single move in the crypto world has to be 1000x right? Just because it went down 10% doesn't mean it will continue to go down 90%+ more neither, and just because it went up 10% doesn't mean it will go up 100% more neither.