ARE WE STILL BULLISH OR BEARISH ?

[bitquad]

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.

The Bitcoin market will be bearish in the short term and bullish in the long term.
March and April are usually bearish months for Bitcoin,so there's no need to worry.More important is what will happen with the BTC price at the end of 2021.Are we going to witness another major pump "to the moon",or the end of 2021 will be more like the end of 2018-bear market and price stagnation.
I don't care about the current price.I just want to earn as much BTC as possible and prepare for the next bull run.

Why March? Because of USA tax season? When is the tax season in other nations?

[1714901241]

1714901241

[Ozero]

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.

I am also of the same opinion. Now the price of bitcoin is over $ 46,000 and is slowly rising again. Compared to what we hoped to see over $ 20,000 just a few months ago, this is a huge increase that has never happened before. Of course, we cannot hope that bitcoin will continue to rise in value. Periodic corrections and significant drops are inevitable. However, this year is special for cryptocurrency. Most of it should be characterized by price growth. Therefore, now the fall may even be very significant. For experienced participants in this market, such a drop will be just a gift.

[NeverSop]

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.

In my opinion we have had a lot of traction for a bull run over the past two months.  This correction is obvious and at the psychological resistance level pressed by many conflicting rumors causes confidence to drop.  Of course, I think this is natural but we are off to a good start this week.  The red point is still likely to move down because the fast take profit is triggered.  but i suppose the perfect correction will range in impedance 44k-45k $.  At this level, psycho will still be able to trigger a strong Hold.

[mezzaluna]

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.

My current opinion on this situation is that you could already take the profit that you have gained and then wait for another opportunity to invest it all in one instant. The current trend is that its looking for a value in which it would stabilize but we are not sure when it would stay at that specific value so we have to keep watch of Bitcoin's value for a long time and waiting is always part of it if we want to gain profit. Waiting for the $30k region is safer than buying at the current value but that would really require patience but it depends on everybody's gut feeling.

[BlackHatCoiner]

Completely bullish. Why bearish? Because it dropped around 20%? Okay, we're on this "Tesla period" right now, I think that now it's calmed down. But, no, no bearish. We'd be bearish if something there was a crash to $20k, but all these hypes, and the pandemic and the panicked investors pump bitcoin price.

Also, have you taken a look on twitter? If this isn't bullish, I don't know what it is!

[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.

I am also of the same opinion. Now the price of bitcoin is over $ 46,000 and is slowly rising again. Compared to what we hoped to see over $ 20,000 just a few months ago, this is a huge increase that has never happened before. Of course, we cannot hope that bitcoin will continue to rise in value. Periodic corrections and significant drops are inevitable. However, this year is special for cryptocurrency. Most of it should be characterized by price growth. Therefore, now the fall may even be very significant. For experienced participants in this market, such a drop will be just a gift.

Yup, historically speaking, this is one of a kind and a very huge uprise and people who are upset with the correction don't really appreciate the past few months of how much bitcoin was. They should look into that matter before telling that it's already done and there's no more rise that shall come.

They're quick to give that opinion although everyone is entitled to give their opinions and so do we. We're now having that judgment that whenever bitcoin drops, we're very sure that it will recover afterwards.

[NeuroticFish]

Why bearish?

Because the FUDsters said so for the entire week-end, "forgetting" about the fact that US money machine is being set to print more 1.9 Trillion green paper which will keep the voters happy and make HODLers richer.

[VanDeinsberg12]

I consider it bearish when the price hitting below $25K but we're now still in bullish season because simple, take a look at the former price before the bullrun happens we are now waaay above that price point and if people out there think that we're in a bearish then they better read the price chart again.
Not to mention the price feels stable at around $45K - $47K it's just a correction I suppose.

[serjent05]

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.

How about at this moment?  Yesterday I checked Bitcoin is at $44k, now it is about to break $48k, it crashes sell resistance from $45k to $47k.  So are we now at the bull trend?  If you are referring to the past as a basis then imagine the 2013  trend and 2017 trend.  It takes almost a whole year of bullish trend during those time, so I guess according to your observation, we should be experiencing a full year bullish trend this 2021.

[HakaseMarui]

Actually Bitcoin price just hit its recent low which is $43000 and pumped once again to $47000 .. Yes we are in a temporary bearish momentum but as you can see on its TA, Bitcoin is gaining its momentum once again and preparing for a jump price.

[bitterguy28]

We are now closing to to 48,000 again so i believe that we are still in Bullish time , Imagine we fell down to 43k

24h Low / 24h High   $43,241.62 /$47,761.55 meaning that there are still bull in our side , it's just correction or attempt of manipulation happening .

[XZERO1]

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

Now don't get too bearish so fast, you probably looking at lower time frame charts, try to zoom out and see the full picture, Bitcoin chart trend is up and nothing is changed yet, if Bitcoin goes lower than $30k then we can have a discussion on whether it could be bearish or not, but definitely not now that we only had around 35% correction after 1800% upward movement from a year ago when bitcoin touched $3k after the pandemic hit.

Always keep your eyes on big picture and long-term trend and avoid getting tricked by these short-term price actions whether they're up or down.

Bottom line is if you're trading in a bull market don't get too bearish unless the trend changes, and if you're trading in a bear market don't get too bullish unless the trend has obviously changed and is going the other way.

[dhemasm]

Looks like the Hype Over and the market was still on correction Stage, It was great wave to ride before but for now it's already on it's peak however if there any some Strong push again (Like Tesla Buying Bitcoin) I suppose it will go stable around $50k and we can expect another bullish but for now better to sell some profit from last bullish before and wait till the correction over.

[yazher]

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.

What we have today is the same when we experience the price holding on to $30k+ when it was near $40K last month. This is one of the good indications where the market is making some preparations to surpass more than its last ATH. I think whoever wanted to invest in the lowest price of BTC should remain vigilant these next few days because this might be the last time they see the price down this low this year. If you are one of them, you better not blink in this kind of situation. You need to be vigilant in order to invest in its lowest price to maximize your earnings if ever the price of BTC will pump again.

[pinggoki]

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.

Yes we encountered a big and huge dip for the past days in which we entered in the price of $44,000 which is really we can considered that a huge price dump and many says including me that there is a big possibility that it is a sign of a bearish market in which the bitcoin will suddenly collapse and will down again eventually after some months or weeks, but we don't know if this really what would happen because they're saying that this is just part of market correction and there's nothing wrong about it.

[ene1980]

Because the FUDsters said so for the entire week-end, "forgetting" about the fact that US money machine is being set to print more 1.9 Trillion green paper which will keep the voters happy and make HODLers richer.

So you think that the FUDsters pulled the market down?, the market was rallying for a long time and it is time some of the investors book their profit and i do see this correction as some of the early investors who made a good profit booking their profit and waiting for the right opportunity to enter once again if they think that the market will bounce back again.

[lifeforcepools]

I'm still bullish and there are plenty of reasons to be in favor of it.

[michellee]

We are actually experiencing some bearish trends now. If that retesting some $40k areas, we can still experience some long bear market. We shall accept the fact that we can not always be on the bullish part. That 30% dropped makes the traders and  investors goes to panic but as I can see, bitcoin still strong to manage to go further above $50,k again.

Even we are in bearish trends now, bitcoin price can become stronger than a few days ago because the price now can back to $47k and the green candle still appears now. I wonder if the price can still rise more than the price now, and even if the price can back to $50k.

Yes, bitcoin price will get more chances to rise to $48k-$50k soon. But we need to be patient and wait for a while. This situation can give us more time to buy low and sell high because the price conditions are still good for us.

[bitzizzix]

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.

Yes we encountered a big and huge dip for the past days in which we entered in the price of $44,000 which is really we can considered that a huge price dump and many says including me that there is a big possibility that it is a sign of a bearish market in which the bitcoin will suddenly collapse and will down again eventually after some months or weeks, but we don't know if this really what would happen because they're saying that this is just part of market correction and there's nothing wrong about it.

The price of bitcoin is currently over $ 47K after falling which in my opinion is not a drastic drop and only hit 43K, and my belief is very strong that BULLISH will be back soon and will come for the long term and HODL is an option for me besides taking advantage of BEARISH to buy in quantity small just to increase the bitcoins I have.
The correction will continue to occur every time there is an increase in the price of bitcoin and we all know what to do if there is a correction, everything will be fine and what happens to the current bitcoin price is still normal.

[blckhawk]

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.

In my opinion, we were still on a bullish trend, there is still some pullback yes because expect that after a growth there will a correction will occur, so I believed we're in a correction. Currently, Bitcoin recovers and now currently hovering around $47k. However, in the case of altcoins, it seems it is now undergoing the process of the bear by just looking in every chart, it's all red. Anyway, even if we're on bearish or not Bitcoin is still showing a good run, like green candles are now appearing and there's even a chance for it to go back at the $50k mark.