Is it bearish season yet?

[Renampun]

Hello guys, the cryptocurrency world have witnessed an rise in fortune in the last one month or so, turning a market cap of 2 trillion USD. Now suddenly we are witnessing red candles. What's going on? Is it a massive correction or are the dreaded bears coming upon us?

Crypto market volatility is high at the moment...
I don't think that the price of cryptocurrencies will drop dramatically as long as the Bitcoin price is stable. Bitcoin price is currently very stable and it doesn't look like it's going down to $ 40k yet. I see Bitcoin price will be hard to drop below $ 40k.

[1714674823]

1714674823

[LUCKMCFLY]

Hello guys, the cryptocurrency world have witnessed an rise in fortune in the last one month or so, turning a market cap of 2 trillion USD. Now suddenly we are witnessing red candles. What's going on? Is it a massive correction or are the dreaded bears coming upon us?

Crypto market volatility is high at the moment...
I don't think that the price of cryptocurrencies will drop dramatically as long as the Bitcoin price is stable. Bitcoin price is currently very stable and it doesn't look like it's going down to $ 40k yet. I see Bitcoin price will be hard to drop below $ 40k.

At the moment the market is taking a good turn, I do not think it is going to a bullish trend, I think that these days it was in a correction, now my personal analysis coincides with one of this analyst who published on twitter:


Twitter: https://twitter.com/BinanceKiller/status/1375503013259964420/photo/1

It is an analysis that it may be very likely that we will see it, although it is merely speculative, it makes a lot of sense that it occurs.

[magneto]

Nowhere near.

People are still talking about a 6 figure bitcoin on the regular as there is a ton of FOMO left within the market. Also just based on historical trends, it seems much more likely for BTC to see a further rallies going later into 2021 (since most bull markets last 1-2 years, right following the halving year).

But do expect price action to taper off relatively. The size of the pumps we saw over the past few months is simply unsustainable.

[kawetsriyanto]

At the moment the market is taking a good turn, I do not think it is going to a bullish trend, I think that these days it was in a correction, now my personal analysis coincides with one of this analyst who published on twitter:

That's right.
We know that every increase will always involve market correction, but this time it was deeper than we thought. that is why many people are panic because of it.
however, I personally still believe that it is a market correction that will lead most cryptos to a higher price.

we can see the price right now, most coins are increasing again, turning into a green market only in ew hours. And now they are struggling to reach higher and higher prices. Just don't panic sell that will actually cause the price to fall so easily again.

[Zemomtum]

We are just getting started, there will not be any bear season in this year 2021, if your intention is for a bear period that will last for  long, put your eyes on the last 2 quarters of next year (2022)

[smyslov]

Hello guys, the cryptocurrency world have witnessed an rise in fortune in the last one month or so, turning a market cap of 2 trillion USD. Now suddenly we are witnessing red candles. What's going on? Is it a massive correction or are the dreaded bears coming upon us?

Correction, the price is moving up again, there is nothing to worry about, the only time that we have to worry is when the price goes down 15% or when there is a big dip and it's not recovering for the last 5 days, this is a bad indicator, but right now the market is very quick to recover a good indication that we are still in a bull run.

[Maslate]

Hello guys, the cryptocurrency world have witnessed an rise in fortune in the last one month or so, turning a market cap of 2 trillion USD. Now suddenly we are witnessing red candles. What's going on? Is it a massive correction or are the dreaded bears coming upon us?

Correction, the price is moving up again, there is nothing to worry about, the only time that we have to worry is when the price goes down 15% or when there is a big dip and it's not recovering for the last 5 days, this is a bad indicator, but right now the market is very quick to recover a good indication that we are still in a bull run.

It looks like it's not yet due for correction, yes in the past few days there was a sign of correction but it looks like the market is healthy again. All of that can be attributed by the bullish run of bitcoin, as long as bitcoin is bullish, there's nothing to worry as altcoins do follow always.

[South Park]

Hello guys, the cryptocurrency world have witnessed an rise in fortune in the last one month or so, turning a market cap of 2 trillion USD. Now suddenly we are witnessing red candles. What's going on? Is it a massive correction or are the dreaded bears coming upon us?

Don't panic yet, the market is still ok correction and dip is always here, there's always traders and investors who will sell their shares for profit, and we cannot stop them, it's how the market works, there's no such thing as one mindset, and there's always traders and investors who go against the tide, I don't see the dreaded bear trend coming in this year.

It seems to me that people really need to learn how to be more patient with bitcoin, once again it is very close to the 60k level and it is likely that we are going to surpass that level during the next weeks and then reach a new all time high, a drop of 10 or even 15% could be enough for many other markets to become bearish but that is not true for bitcoin, we will need to see at least a 30% correction in order for the predictions of a bear market to become true.

[Mahanton]

Hello guys, the cryptocurrency world have witnessed an rise in fortune in the last one month or so, turning a market cap of 2 trillion USD. Now suddenly we are witnessing red candles. What's going on? Is it a massive correction or are the dreaded bears coming upon us?

Don't panic yet, the market is still ok correction and dip is always here, there's always traders and investors who will sell their shares for profit, and we cannot stop them, it's how the market works, there's no such thing as one mindset, and there's always traders and investors who go against the tide, I don't see the dreaded bear trend coming in this year.

It seems to me that people really need to learn how to be more patient with bitcoin, once again it is very close to the 60k level and it is likely that we are going to surpass that level during the next weeks and then reach a new all time high, a drop of 10 or even 15% could be enough for many other markets to become bearish but that is not true for bitcoin, we will need to see at least a 30% correction in order for the predictions of a bear market to become true.

30% correction isnt something that can be considered to be bearish but somehow if the price had stagnated with that level for a long time or moving sideways then we do consider that one
but if recovery would comes next after such decline then that would be just a typical movement in the market where  everybody do loves to play along.Why searching or waiting up for
bearish season?It would be good if you do just simply ride on what we are currently experiencing at the moment.Bitcoin could possibly break out that resistance this time.
Too fast? We cant really tell but based off on observations then its truly remarkable.

[arufox]

Hello guys, the cryptocurrency world have witnessed an rise in fortune in the last one month or so, turning a market cap of 2 trillion USD. Now suddenly we are witnessing red candles. What's going on? Is it a massive correction or are the dreaded bears coming upon us?

Massive correction?? Really, try to look at the market now. I just don't know why every correction people think massive correction, are they don't read the chart or history about cryptocurrency??

Not every correction will be a massive correction and try to look at historical chart to prevent question non sense

[STT]

Not even close to an entire season of bearish, it can pull back if it first breaks momentum but its already seen the 50 day average recently which was a quick bounce soon after.
 At present its good above the 2 day average:



Ignore that possibly and just count the 58k level seen on Weds as the place to watch for a pull back signal.

[philipma1957]

the facts are simple this thread is far off reality.  

Every price from Jan 1 to today is higher than any price for any other year.

And when the thread was started on march 6 has been over 42k.


edit over 48k.


at op We are not bearish or remotely close to bearish.

At current difficulty we need to drop under 30k for a few weeks to be bearish.

Now if we go sideways for a few months in the 50-66k range with difficult moving to say 36 then drop price to 30k

it would be bearish for miners.

Miners are so far ahead of the game true bears wont show until miners are hurting.

The bears will be very slow to wake due to the lack of mining gear ⚙️

[Chato1977]

Hello guys, the cryptocurrency world have witnessed an rise in fortune in the last one month or so, turning a market cap of 2 trillion USD. Now suddenly we are witnessing red candles. What's going on? Is it a massive correction or are the dreaded bears coming upon us?

Nothing is certain , evaluating the Movement of market  , it seems that those Ups and Down are only product of some corrections and some others that taking their profit from Holdings because eventually the price is returning to what it comes from.

Bitcoin from 60k is now getting close again and we can see how many times that bitcoin make a ATH over and over again.

So I believe that Bearish is not yet happening instead the Bull is just resting and coming back for again .

We are just getting started, there will not be any bear season in this year 2021, if your intention is for a bear period that will last for  long, put your eyes on the last 2 quarters of next year (2022)

At some Idea , Yes we are starting again to climb high like what january , february and March bring .

Now that new quarter is starting lets see how Ups we will getting.

[Baofeng]

I also agree with the majority here, we haven't seen any bears in the market yet. The bulls is still in control, although there could be some minor dips, but that's as close as the bears can do right now. As there are good news coming our way, this 2021, we are not going to see the price crashing so hard that we can say that we are in a bear season. Still time to enter at this price, although expensive, we have a higher chance to go to $78k-$100k at the end of the year, still profitable.

[Ridwan Fauzi]

Hello guys, the cryptocurrency world have witnessed an rise in fortune in the last one month or so, turning a market cap of 2 trillion USD. Now suddenly we are witnessing red candles. What's going on? Is it a massive correction or are the dreaded bears coming upon us?

Actually it depends on time frame that you use, I mean when you use low time frame like 1 hour-4 hour time frame then it will give a sign for short term prediction but when you use 1 day until 1 month time frame then the signal that will you get for long term prediction.

But, when I predict and using high time frame (1 day-1 week) the sign that I get is the bull run market is still on the hand.

There is no sign for the bearish market come, indeed the previous weekly candle is formed as a red candle but for this week candle will be formed as a green candle that will indicate a bull market is back.

[cryptomaniac_xxx]

We just hit $60k momentarily, another sign that we are still very much in the bullish phase this first quarter of the year. So the prediction of bitcoin hitting $100k is still alive at this point. Although the price right now is very good, just as we compare it last year when the price hi a snag to $4k because of the covid-19 scare. Now, it's a complete 360 degree turn around. It might take some time before we go on a bearish scenario, not this time that institutions keeps on investing.

[Oasisman]

We just hit $60k momentarily, another sign that we are still very much in the bullish phase this first quarter of the year. So the prediction of bitcoin hitting $100k is still alive at this point. Although the price right now is very good, just as we compare it last year when the price hi a snag to $4k because of the covid-19 scare. Now, it's a complete 360 degree turn around. It might take some time before we go on a bearish scenario, not this time that institutions keeps on investing.

Pretty much the $100,000 target this year is very much alive. Not only does the institutions are continuing to come into the market, but there's still so much hype from big companies and even governments gradually adopting Bitcoin.
I'm not quite sure, but I guess the rise of digital currency from CBDC is inspired by the continued growth of Bitcoin, and so It does affect Bitcoin's price positively.

[el kaka22]

I do not think that we could consider this period as bearish just yet and I do not think that it will come anytime soon neither, it will probably reach to a super high levels in the end before it crashes down. I think something like 100k and then a drop is more possible, by the looks of it the current situation is not anywhere near the levels we should be worried about just yet.

I know that everyone is expecting a big drop from bitcoin because we have reached to a high level but that doesn't mean that we have to drop, I know expecting it is normal because we have reached from 4k levels to 62k levels and I do not think that we will end up with 10k levels ever again, that was it once upon a time and it's over, we are not going to see that. So, even if we see a bullish run I am confident that we are going to stay above 20k for sure and we can arrange our investments accordingly.

[aioc]

It's been a month since OP created this thread and there's no indication that we are going to have a bear trend, there's news that PayPal is now allowing cashout with Crypto so this is another good news and will push the price up, so far many good news are coming in if these news keeps coming in there's a possibility that Bitcoin will hit $100k finally.

[slapper]

There were many similar situations during these years, and sometimes what we expected did not happen at all. And whether we want to wait for a sharp fall or a big correction, either red candles and charts, I do not think so.
This year is one of the best years for Bitcoin, this volume of companies and governments flocking to Bitcoin is certainly not ineffective.

The recent monthly candle is the green one with a little bit of tail so I believe the bullish is still in charge of the trend. Nothing to worry much about. A flash dump can occur in order to correct the price. As you can see, we are in the opening of the April candle so the bearish force will try to take a slight profit for their Q1 of 2021 so if you are a day trader, be careful with your order because it can be wiped out

The momentum will remain the same till the end of this year. More information is needed so as for further observation. From my perspective, individuals and companies spend more time focusing on bitcoin. Moreover, Paypal, Tesla, and NFT are all good signs to the cryptocurrency world