ARE WE STILL BULLISH OR BEARISH ?

[carlisle1]

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.

Very possible that some of those early gainers do cash out for the weekends, and now that the market is open for another
week it's time again to work out.

Bouncing back  is happening now, look at this  movements happened only within one day.

  24h Low  /   24h High,
$43,241.62 / $48,201.44.

For sure those who have been moved by Fuds are now very frustrated and regretting the action that they've take,
mostly those who rushed out afraid of losing much from their investment.

[Coinsfera]

Much has changed in the cryptocurrency industry, and a significant amount of necessary foundation has been built compared to 2017. Trying to predict major future market movements is often an unsuccessful strategy in this situation.

[jjdub7]

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 recent $ 10,000 drop in Bitcoin should come as no surprise to anyone following the markets. There were a number of warnings about buying a 5th wave pulse, because usually at this point the movement loses steam. The irony is that this is often the time when the market seems to be strongest.  Nevertheless, such withdrawals are completely normal for BTC price in my opinion.

[hahay]

At least in the last seven days the market still looks strong because it is still up and down in the 40k-50k range and I think it's still in a safe situation, with this movement I don't think it's about bullish and bearish because the market is still in a normal movement. Situations like this are certainly good if used for day trading but yes, it's too risky but if you like challenges then maybe this is the right time to make quick profits.

[romero121]

At least in the last seven days the market still looks strong because it is still up and down in the 40k-50k range and I think it's still in a safe situation, with this movement I don't think it's about bullish and bearish because the market is still in a normal movement. Situations like this are certainly good if used for day trading but yes, it's too risky but if you like challenges then maybe this is the right time to make quick profits.

The market is quite strong, and no doubt in it. The marketcap keeps recovering after every small fluctuation causing drop in the value of bitcoin. As mentioned, it is the time for traders to make good profit. Over the past few days it doesn't looked to be too risky, because the market moved gradually in the downturn with periodic upward movement. So users who had sold at higher price got promised opportunity for buyback at a lower price.

[NeuroticFish]

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.

Of course not. They can't influence much. They were only preaching Bitcoin's doomsday once again so they (or their masters) can buy cheaper as long as this correction lasts.
All this FUD is "only business" for (way too) many.

And the weak hands that don't understand all this and go by all the rumors missing the big picture will buy expensive and sell cheap, crying later on about how unfair Bitcoin is.

[Japinat]

At least in the last seven days the market still looks strong because it is still up and down in the 40k-50k range and I think it's still in a safe situation, with this movement I don't think it's about bullish and bearish because the market is still in a normal movement. Situations like this are certainly good if used for day trading but yes, it's too risky but if you like challenges then maybe this is the right time to make quick profits.

The market is quite strong, and no doubt in it. The marketcap keeps recovering after every small fluctuation causing drop in the value of bitcoin. As mentioned, it is the time for traders to make good profit. Over the past few days it doesn't looked to be too risky, because the market moved gradually in the downturn with periodic upward movement. So users who had sold at higher price got promised opportunity for buyback at a lower price.

Yeah, it seems to look that was not able to see the market turn to bearish season this year. With the momentum that it had today and even in the past days, I'm too positive that the demand will increase. In fact, we have corrections in the past few days but for now, we are rallying back for that short. Many thinking about the end of Bullish season but surprisingly,(which is not) we ven getting better.

[CryptopreneurBrainboss]

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.

That's called a correction and has nothing to do with the market been bearish, let's not forget few months ago bitcoin was trading below $40,000 therefore a correct below $40,000 shouldn't cause much panic been that the correctios are needed for a continue growth of bitcoin to higher price. Consider this correctios as a healthy one and buy the dip like how the big boys (institutional investors) are doing.

We shouldn't expect the price to be a one way movement if not there won't be much support and when the drip those come it'll be a one way movement down too. This correctios are happening this create a strong support as they give room for more investors to join the market.

We're still bullish and this bull run is likely to extend until the end of the year although that doesn't mean we won't be having some corrections movement like what we're experiencing of recent.

[skpanchal]

 Bitcoin Will Be the Next Global Reserve Currency,” argues that when countries have tried to put the kibosh on cryptocurrencies, it never really sticks. “When India outlaws crypto, you just go to another country,” he says. The world is fluid and it’s easy to bring your crypto business elsewhere.

[cabron]

Although it looks like we are in the bearish market already, the price still is moving up. It goes back to $50k and down again but the news that boosts confidence is that Microstrategy again purchased $15M worth of coins again. 

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.

Of course not. They can't influence much. They were only preaching Bitcoin's doomsday once again so they (or their masters) can buy cheaper as long as this correction lasts.
All this FUD is "only business" for (way too) many.

And the weak hands that don't understand all this and go by all the rumors missing the big picture will buy expensive and sell cheap, crying later on about how unfair Bitcoin is.

But it must have prevented newcomers to crypto who instead of planning to invest in BTC, changed their minds because of the fud they heard on the news and read on the popular websites.

[Coinsfera]

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.

Honestly, it's pretty early to say that Bitcoin is in the bear market after a simple 20% drop in a few days.

[jerrison]

I have observed the trend of the previous bullish season. It got bullish during the last quarter of 2017 through the first quarter of 2018 and then we saw the bears playing hard in the space.  I am also seeing similar traits here, the bullish season started in the last quarter of 2020 and its the first quarter of 2021 and its behaving siimilar to the previous. I am not expecting the price to crash to the same amount it crashed to, the last season but am expecting at least a crash to 39K as a correction before we see the bulls overrun the market.

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.

[mich]

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.

Honestly, it's pretty early to say that Bitcoin is in the bear market after a simple 20% drop in a few days.

Thats the thing with crypto and for anyone who is doubting that this is end of Bulls and into the Bear market.

A 20% dip is really nothing and we have seen these over the years. 

It is expected for new bitcoiners to be worried but for anyone who been through it before knows this is normal.  For this reason I am still very Bullish.

[Leviathan.007]

We are and were one a bullish trend since long time ago, if you are talk about long term. The retracement to 44-43K or even 40K is competently normal because technically on 4h time frame, if you draw a fibo retracement on the chart, you will see the price didn't break the key support level (~40K) and we are on a healthy correction situation. This correction will help the price to get some more potential for rich higher price levels soon as a new ath.

[rodskee]

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 market is greening now  https://coinmarketcap.com/ so what you think ? are we still in bullrun or is this what you called Bear.


Last year we have a lowest fall in march with the drop of more than 50% in just a day , Now we are in march once again but look at the price?

from 4,000 in march 2020 now almost 50,000$ in march 2021 , in one year duration price climbs up more than 12 folds , i think this is respectable as Bullrunning still right?

[Dave1]

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.

Honestly, it's pretty early to say that Bitcoin is in the bear market after a simple 20% drop in a few days.

Thats the thing with crypto and for anyone who is doubting that this is end of Bulls and into the Bear market.

A 20% dip is really nothing and we have seen these over the years. 

It is expected for new bitcoiners to be worried but for anyone who been through it before knows this is normal.  For this reason I am still very Bullish.

January we have a 26% dip, followed by 23% in February. So yes, this kind of dip is really nothing. A crash of 50% is most concerning, but we haven't seen it, meaning support lines are not yet broken and this kind of dip is what we call normal correction, not just in crypto, but other financial markets as well.

What makes it more distinctive is that crypto market is very volatile that's why a 20%++ dip is sometimes magnify by social media so create some kind of FUD and thinks that the ecosystem has fallen and entering a bearish trend.

[panganib999]

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 market is greening now  https://coinmarketcap.com/ so what you think ? are we still in bullrun or is this what you called Bear.


Last year we have a lowest fall in march with the drop of more than 50% in just a day , Now we are in march once again but look at the price?

from 4,000 in march 2020 now almost 50,000$ in march 2021 , in one year duration price climbs up more than 12 folds , i think this is respectable as Bullrunning still right?

Wow. This idea is definitely true and interesting because I was there last march when the correction of price drop at 50%. I believe that many people will definitely get scared of the idea that bitcoin right now is dropping. But many traders always says that this correction is very healthy for the market to balance the scenario of each coin moreiver the bitcoin. Because of last month continuously Bitcoin getting many ATH, this correction is one way in order to prepare for the next all time high to be recorded  so I think this is a bullish action for bitcoin as well as the other alts.

[michellee]

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

I don't believe it was hype that influence the market in the first place. And saying we are in for a bearish market may also be untrue due to that fact that the market in instable and any thing can happen it may move in whatever direction it want.

Maybe we are in the bullish, but we still at the bearish because the price can drops again to the lower price. If the price can break the $50k barrier and increase to $55k-$60k, that will be bullish. The bearish will come to the market as the bearish means the correction that always comes after the price increase. Be careful if you see the price can start rally like today because no one will know what will happen in the next hours, and the bearish can come again.

[lifeforcepools]

Bullish. At least I want to hope so.

[jostorres]

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.

It’s not a new thing for me, I know for sure that there will be a dip at a time, but right now the market is still bullish, from the time you made this post to now, which is a few days, the market has already started moving up again.

This year is a lot different from the years I have seen so far, there were lots of institutional investments that came into the market and I think they are what really helped in pushing the market to the level it is at this time, and it can as well be the reason why it has not crashed to a lower price yet, and I also think most of people are believing that we will reach $100,000 so they are still buying.