ARE WE STILL BULLISH OR BEARISH ?

[doctor877]

we have seen some little dips in the past few days and its a big concern which many have said we should brace up for dips. currently the price is bouncing off the 44k region which can mean we might go up a little. looking at the chart i see 42-42k region as a strong support but if we close below this region then we might be in for a long to the 30k region. such is how market behaves so anyone who is happy about moon should also be expecting the dip. please give your views about the current market situations in terms of being bullish or bearish.

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[Natsuu]

The hype is over. so we can expect it be bearish.

If we account the people who only invest because of Elon, we can say that some of them blame btc for losing their money as they've probably the ones who invest when it is in high, then the sudden dip so they're not coming back. If that's the case, it will go down and down as long as musk don't make a tweet.

[MinoRaiola]

Bullish for long-term: In an interview with CNN, Minerd said, "If you look at the supply of Bitcoin in relation to the supply of gold in the world and the total value of gold, you would be talking from $ 400,000 to $ 600,000 per Bitcoin if Bitcoin hit such numbers".

In March 2020, the Bitcoin price dropped to a low of 3,956 US dollars during the Corona crisis. Since then, however, has increased significantly. The recovery picked up speed especially from autumn 2020, when PayPal announced that it would enable buying, selling and payments with Bitcoin. In December, Bitcoin cracked its previous record high from 2017, at the beginning of January it passed the 30,000 dollar hurdle and rose to more than 40,000 US dollars during the month. After a temporary decline, the popular cryptocurrency surged to more than $ 55,000 in February, to an all-time high of $ 58,313. That shows me that we have to be patient and trust in Bitcoin over the long term. In the short term it will always go up and down

[UmerIdrees]

we have seen some little dips in the past few days and its a big concern which many have said we should brace up for dips. currently the price is bouncing off the 44k region which can mean we might go up a little. looking at the chart i see 42-42k region as a strong support but if we close below this region then we might be in for a long to the 30k region. such is how market behaves so anyone who is happy about moon should also be expecting the dip. please give your views about the current market situations in terms of being bullish or bearish.

This is an interesting situation. When we were between 20K - 30K, people were saying that we are in bullish trend. Now the price is above 40K and people are not happy and think bitcoin is bearish.

Why do we only think that we hit 58K and comeback to 44K now. Why not think the other way around. We were at 10K four months ago and now we are at 44K   

[Poker Player]

Bullish for long-term: In an interview with CNN, Minerd said, "If you look at the supply of Bitcoin in relation to the supply of gold in the world and the total value of gold, you would be talking from $ 400,000 to $ 600,000 per Bitcoin if Bitcoin hit such numbers".

In March 2020, the Bitcoin price dropped to a low of 3,956 US dollars during the Corona crisis. Since then, however, has increased significantly. The recovery picked up speed especially from autumn 2020, when PayPal announced that it would enable buying, selling and payments with Bitcoin. In December, Bitcoin cracked its previous record high from 2017, at the beginning of January it passed the 30,000 dollar hurdle and rose to more than 40,000 US dollars during the month. After a temporary decline, the popular cryptocurrency surged to more than $ 55,000 in February, to an all-time high of $ 58,313. That shows me that we have to be patient and trust in Bitcoin over the long term. In the short term it will always go up and down

I am also bullish for long-term. Not so sure about the short-term but if I have to choose, still bullish, although turning to a bearish market wouldn't bother me that much, as I see this as a long-term plan.

[AicecreaME]

Bearish. Check out the charts, all of them are showing bearish flags, and a lot of supports has been destroyed recently after a huge dump and a small pull back. The lowest price we could go I think is $20,000, that's the maximum, then I guess slowly it will rise up until it reaches its price goal which is $60,000 if I'm not mistaken because that's what I've read in a certain article I've seen in Facebook.

Now is the good time to buy the dip, and make profits when the market get bullish again.

[sunsilk]

Bearish already for you guys? just with some slips and dips, I don't find it to be bearish at all. There's more to go that awaits for this year and that won't conclude that it's already a bearish signal.

A reduction of $10k-$13k from the ATH of $58k isn't a lot, compare to the start of this bull run. On the same day on December 28th, 2020 bitcoin was $26,950. Just 2 months from today with the price of $45,100.

[cheezcarls]

we have seen some little dips in the past few days and its a big concern which many have said we should brace up for dips. currently the price is bouncing off the 44k region which can mean we might go up a little. looking at the chart i see 42-42k region as a strong support but if we close below this region then we might be in for a long to the 30k region. such is how market behaves so anyone who is happy about moon should also be expecting the dip. please give your views about the current market situations in terms of being bullish or bearish.

I am still bullish despite that I’ve expected correction due to it’s parabolic rise. Bitcoin is currently trading sideways right now, but mostly on a downtrend in favor of the bears, but it’s not going to be like 2018 all over again. It will go back up again for sure, but correction like this is necessary.

Possible key factors would be due to DeFi projects starting to pull out their liquidity and assets on Ethereum network and switch over to Binance Smart Chain due to the uncontrollable high gas fees. That’s just my own thoughts anyways.

[pakhitheboss]

we have seen some little dips in the past few days and its a big concern which many have said we should brace up for dips. currently the price is bouncing off the 44k region which can mean we might go up a little. looking at the chart i see 42-42k region as a strong support but if we close below this region then we might be in for a long to the 30k region. such is how market behaves so anyone who is happy about moon should also be expecting the dip. please give your views about the current market situations in terms of being bullish or bearish.

I am still bullish despite that I’ve expected correction due to it’s parabolic rise. Bitcoin is currently trading sideways right now, but mostly on a downtrend in favor of the bears, but it’s not going to be like 2018 all over again. It will go back up again for sure, but correction like this is necessary.

Possible key factors would be due to DeFi projects starting to pull out their liquidity and assets on Ethereum network and switch over to Binance Smart Chain due to the uncontrollable high gas fees. That’s just my own thoughts anyways.

Bitcoin is going through correction and as in the past it can correct upto 30 - 40 percent. Therefore being bullish will not help if history repeats itself. I do not expect it to again touch its new all time high in coming days. I am expecting a strong correction happening for the next few month. Hence I amnnot bullish bit bearish.

[Casdinyard]

Bearish at this moment, I guess.
Most of the cryptos in my portfolio are on red marks and this has been a continuous downfall. What we are not sure of is to when will recovery occur or will the prices start to rise next week? 'coz if it won' t and if the situation will get worse on the market prices, this would be both of a good thing and a bad thing. Investors could make use of the opportunity to invest. While it would be somewhat of a bad thing since no one knows when will the market price start to rise. Going back with what happened before, when a huge downfall happened on the past years, it took a long period of time before recovery again was seen.

[Oasisman]

The hype is over. so we can expect it be bearish.

If we account the people who only invest because of Elon, we can say that some of them blame btc for losing their money as they've probably the ones who invest when it is in high, then the sudden dip so they're not coming back. If that's the case, it will go down and down as long as musk don't make a tweet.

Nope the hype ain't over yet. If you're only referring to Elon tweet as your basis to the recent pump, I might say you're partially wrong. Remember Btc has broke the 2017 ATH and even go further as much as $40,000 just before the Elon Musk Tweet and his Bitcoin investment goes public.
Institutional investors are coming in to the market just before the Elon Musk tweet.
Bitcoin is bound to reach 6 digit form soon.
Lastly, IMO we're still in a bullish market despite of the correction.

[Kelvinid]

The hype is over. so we can expect it be bearish.

NO, it is not the thing we should look into if we think about the bearish season. Might be the hype is over but the market still in its good position. We saw declines but that is just a normal and possible case to happen as volatility showed.

If we account the people who only invest because of Elon, we can say that some of them blame btc for losing their money as they've probably the ones who invest when it is in high, then the sudden dip so they're not coming back. If that's the case, it will go down and down as long as musk don't make a tweet.

I don't think it is a need to blame others because we lose because, in the first place, it is our decision to invest, nobody force you to do that. If Elon Musk encourages people to invest in that because they believe that Bitcoin will give them a profit but unfortunately, the situation doesn't give them a favor. And we are going to lose neither if we don't sell our Bitcoin.

[Lucius]

I would dare to say that we are exactly where we should be in terms of price, because everything that happened after the news about Tesla has lost its short-term effect. In the long run I don’t see why we wouldn’t still be bullish, so we’re in a post-halving year and that’s going to have some effect.

The hype is over. so we can expect it be bearish.
If we account the people who only invest because of Elon, we can say that some of them blame btc for losing their money as they've probably the ones who invest when it is in high, then the sudden dip so they're not coming back. If that's the case, it will go down and down as long as musk don't make a tweet.

At the time Tesla was buying BTC, Musk posted on his Twitter that Bitcoin is bs, same as fiat, and I wouldn't be surprised if his followers, which now has more than 48 million, reacted to his tweet that the price of BTC is a too high, which brought down the price by 10%. Personally, it is very strange to me that the price of BTC depends on what the next EM will write on its Twitter...

[Mpamaegbu]

looking at the chart i see 42-42k region as a strong support but if we close below this region then we might be in for a long to the 30k region. such is how market behaves so anyone who is happy about moon should also be expecting the dip. please give your views about the current market situations in terms of being bullish or bearish.

Even if we go to the 30k region, we can still be bullish as there may be a strong support to bounce back there. The only problem Bitcoin will have at that level is if it dives and loses grip of its hold on the market dominance. Once that begins to happen it will mean the alts are beginning to have more cash inflow to them and that's when the alts season starts and Bitcoin retraces to the down slope. But if Bitcoin goes up and alts go up, it's all good. If Bitcoin goes down and alts go down, it's still all good. However, if Bitcoin goes down but alts stay up then there's a change in control. ATM, Bitcoin's dominance is at 60.1% and that shows we are still in the bull run.

[Evilish]

Bullish in long term. Don't care much for short term.

But I would love a 30k again to load up on more BTC.

[Altcoinsintel]

It doesn't matter a lot what one of us think. I was bearish and correctly at $40,000, as price dropped back to $30,000, however Musk decided to moonshot Bitcoin and the pattern changed completely. I am bearish again but we know this market is driven by news. Many of the whales that used to decide the top of the market also seem to have exhausted their supply after this buying frenzy from institutions. I am not sure if this will be the top, but the last two times the bull market ended with bad news coming from MtGox. It could be again that the ghost of MtGox will hunt Bitcoin for a third time.

[dansus021]

in my opinion is just price correction and will bulish like 2018 even tho altcoin take the damage too 

[Becky666]

We're absolutely out of bullish momentum into the bearish mode. Base on what is happening to the current market price of Bitcoin, we might go further than we are currently becasue the correction mode doesn't seem to have some good support as per chat at $42k, maybe when the land slide against bitcoin price we might land into the $30k zones for another accumulation phase.

[ukw]

I don't think the market correction is that striking, but Bitcoin came in this year with a price of around $ 30K. And this is much less even than the current level of decline.

[coolcoinz]

The hype is over. so we can expect it be bearish.

If we account the people who only invest because of Elon, we can say that some of them blame btc for losing their money as they've probably the ones who invest when it is in high, then the sudden dip so they're not coming back. If that's the case, it will go down and down as long as musk don't make a tweet.

I hope we'll see more people like you, who say that it's all over and that we're now in a bear market. This usually means exactly the opposite, just like when we were at 30k people were saying that the bull run is over and we're going to have a correction, but we went straight to 50k instead.
Observe the majority and you'll see that the crowd is always wrong.
Some examples? Sure:
-2016 lows, people were selling for $300 saying that it's game over for bitcoin
-2018 highs with first correction to 10k, people, lead by CNBC and Tom Lee were saying that it's just temporary and we'd go to 30k
-2020, people were expecting a correction to 1k to end the 2018-20 bear market, not seeing that the market was already over in 2019 when we went to 14k
-2021, people were expecting 40k to be the top and the end of the bull market
Now, the correction is most likely going to end before 40k with a strong upside move. We have a very high probability of a new high by the end of this year if we don't dip below 30k within the next 6 months.