Is it bearish season yet?

[South Park]

The market is trying to recover again, but it looks like we are having a hard time to break the price of $51k with Bitcoin, its too early to say that Bearish trend can happen soon, early than expected. Bearish trend will always appear just like what many speculation say, and the resistance are getting stronger that makes Bitcoin more volatile, bear is coming.

This should show us the strength and the speed at which this market moves, just a few days ago bitcoin was having problems moving and now it is sitting at 55k and not so far away from its ATH, people need to learn to not worry as much as they do in other markets, a drop like what we see in this market happening in the stock market should be a sign of alarm but a big movement here is not a big deal and bitcoin can recover almost immediately from it.

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[TravelMug]

The market is trying to recover again, but it looks like we are having a hard time to break the price of $51k with Bitcoin, its too early to say that Bearish trend can happen soon, early than expected. Bearish trend will always appear just like what many speculation say, and the resistance are getting stronger that makes Bitcoin more volatile, bear is coming.

This should show us the strength and the speed at which this market moves, just a few days ago bitcoin was having problems moving and now it is sitting at 55k and not so far away from its ATH, people need to learn to not worry as much as they do in other markets, a drop like what we see in this market happening in the stock market should be a sign of alarm but a big movement here is not a big deal and bitcoin can recover almost immediately from it.

Actually I saw that it did hit $57k again, but after that, it goes down again. Probably bots are set up to sell @$57k, because it was very quick dump and now it sits around $55k again, ah, and I was thinking that I should have sold at $57k, and then again, no, I'm not a newbie anymore, I shouldn't panic.

Stocks is very different market though, it's going to be alarming to see a 25%-30% drop, company are affected, investors panic, and everyone wants to find the reason. Not in crypto, very volatile and yet it is the best asset right now.

[Wind_FURY]

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?

Then just five days after your post, what do you think, OP? Still bearish, or suddenly became bullish?

Zoom out. Bitcoin is on a path to price discovery going to 6 digits, and it will become a world reserve currency. No one believed the people who said it last year, and thought it was just shit-posting. They believe it now. Everyone is shit-posting.

[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?

Then just five days after your post, what do you think, OP? Still bearish, or suddenly became bullish?

Zoom out. Bitcoin is on a path to price discovery going to 6 digits, and it will become a world reserve currency. No one believed the people who said it last year, and thought it was just shit-posting. They believe it now. Everyone is shit-posting.

And after just 3 more days we now have reached a new all time high, people need to learn how to relax, I understand that many are worried about a 2017 kind of crash coming and I get it but it seems that the circumstances are really different right now and we could get to 6 digits before the end of this year, especially if governments keep printing as much money as they have been doing recently, however is it really shit-posting if they were right all along? Are they not misunderstood visionaries instead?

[molsewid]

Maybe OP just got frustrated the day he saw a market of bitcoin drop frkm $60000 to $45000. Well the difference is a quite large though but what we have always told here in forum that the bearish was not yet come and if it would come i guess the market value of bitcoin would not be the same as what the 2019 bearish of bitcoin. Bitcoin now was too far different than the bitcoin wayback 2009-2019. Now we are dealing with a trendy bitcoin and more valuable than it was before.

[Quidat]

Maybe OP just got frustrated the day he saw a market of bitcoin drop frkm $60000 to $45000. Well the difference is a quite large though but what we have always told here in forum that the bearish was not yet come and if it would come i guess the market value of bitcoin would not be the same as what the 2019 bearish of bitcoin. Bitcoin now was too far different than the bitcoin wayback 2009-2019. Now we are dealing with a trendy bitcoin and more valuable than it was before.

Common impressions when you are really that seeing your portfolio which are really going in reds where you do usually freak out when you arent really familiar with the market.
Waiting for bearish season? Its better not to mind that because it would really come soon but for now lets just see or witness on how this market is really behaving at this moment.
Bitcoin did hit 60k which does indicate that we are really in a bull run even though most alts arent really on the same extent when it comes to gains but at least
the entire cap is really rising which is really a very positive or good news to us.

[TravelMug]

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?

Then just five days after your post, what do you think, OP? Still bearish, or suddenly became bullish?

Zoom out. Bitcoin is on a path to price discovery going to 6 digits, and it will become a world reserve currency. No one believed the people who said it last year, and thought it was just shit-posting. They believe it now. Everyone is shit-posting.

And after just 3 more days we now have reached a new all time high, people need to learn how to relax, I understand that many are worried about a 2017 kind of crash coming and I get it but it seems that the circumstances are really different right now and we could get to 6 digits before the end of this year, especially if governments keep printing as much money as they have been doing recently, however is it really shit-posting if they were right all along? Are they not misunderstood visionaries instead?

However, we have seen some minor dump in the market in the last 24 hours, maybe there's a FUD or something, but there is news that someone move $1 billion. Anyhow, we above $50k, still a good sign that we will have a strong support along that price.

And again, no need to panic, another great opportunity to buy again in this correction. And it's not a sign that we are in a bearish trend already. Just minor hiccup because of some negative news.

[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?

Then just five days after your post, what do you think, OP? Still bearish, or suddenly became bullish?

Zoom out. Bitcoin is on a path to price discovery going to 6 digits, and it will become a world reserve currency. No one believed the people who said it last year, and thought it was just shit-posting. They believe it now. Everyone is shit-posting.

And after just 3 more days we now have reached a new all time high, people need to learn how to relax, I understand that many are worried about a 2017 kind of crash coming and I get it but it seems that the circumstances are really different right now and we could get to 6 digits before the end of this year, especially if governments keep printing as much money as they have been doing recently, however is it really shit-posting if they were right all along? Are they not misunderstood visionaries instead?

However, we have seen some minor dump in the market in the last 24 hours, maybe there's a FUD or something, but there is news that someone move $1 billion. Anyhow, we above $50k, still a good sign that we will have a strong support along that price.

And again, no need to panic, another great opportunity to buy again in this correction. And it's not a sign that we are in a bearish trend already. Just minor hiccup because of some negative news.

I also noticed that small correction after we reached 61k but it is normal, the price is once again challenging the 60k level and it could be a matter of days before we go back above it and we could reach yet another ATH, I would have thought that people would have getting used to the way bitcoin moves, I understand that if this was the market of gold and we saw such a correction I will be extremely worried but in bitcoin this is so common that is not even newsworthy.

[xSkylarx]

Bear season is where bitcoin does a massive correction just like what happened in 2017 and it lasted until mid-2020 if I am not mistaken. Bitcoin already tripled its ATH last 2017 and many altcoins now are also increasing very fast. Mass adoption is happening so I think this bull season will last for a year or so. A small correction or dump is normal because it retests the support, if bulls are strong enough to hold it then a new ATH can happen again. Those are also testing the new adopters if they are strong enough to not panic sell and for others to be a buying opportunity as well.

[South Park]

Bear season is where bitcoin does a massive correction just like what happened in 2017 and it lasted until mid-2020 if I am not mistaken. Bitcoin already tripled its ATH last 2017 and many altcoins now are also increasing very fast. Mass adoption is happening so I think this bull season will last for a year or so. A small correction or dump is normal because it retests the support, if bulls are strong enough to hold it then a new ATH can happen again. Those are also testing the new adopters if they are strong enough to not panic sell and for others to be a buying opportunity as well.

This tell us that the people that are now complaining about a possible bear market were not around when that happened, this is nothing like that, the correction was minuscule compared to what happened back then, and it was not only the drop in the price it was the speed at which it happened, and then the bear market lasted for years and many thought the market will never recover, compared to that this slight decrease in the price is nothing.

[Jating]

Bear season is where bitcoin does a massive correction just like what happened in 2017 and it lasted until mid-2020 if I am not mistaken. Bitcoin already tripled its ATH last 2017 and many altcoins now are also increasing very fast. Mass adoption is happening so I think this bull season will last for a year or so. A small correction or dump is normal because it retests the support, if bulls are strong enough to hold it then a new ATH can happen again. Those are also testing the new adopters if they are strong enough to not panic sell and for others to be a buying opportunity as well.

Yes, however, we haven't even reach the top yet, so there's no bear market that will last for 3 years just like the last time. On the contrary, since we don't know what is the top, this bear market could be different as well as bitcoin's narrative has evolved as well.

Now, it's a different ball game, bitcoin is now on the companies profile as a reset asset in their balance sheet. So we're not in a bearish season, not even close, bulls will remain dominant till now.

[Oasisman]

Bear season is where bitcoin does a massive correction just like what happened in 2017 and it lasted until mid-2020 if I am not mistaken. Bitcoin already tripled its ATH last 2017 and many altcoins now are also increasing very fast. Mass adoption is happening so I think this bull season will last for a year or so. A small correction or dump is normal because it retests the support, if bulls are strong enough to hold it then a new ATH can happen again. Those are also testing the new adopters if they are strong enough to not panic sell and for others to be a buying opportunity as well.

A little correction, 2017 was bullish and 2018 was the bearish season. And it's indeed no sign of bearish run yet this year. Institutions, big names, and companies are still in a trend of entering the crypto market. So, that's enough reason for the bullrun to continue, but that's not guaranteed as well. Once the whales starts dumping Btc, the price will follow suit.
$15,000 might be the sharpest drop If Btc dumps.

[arwin100]

Bear season is where bitcoin does a massive correction just like what happened in 2017 and it lasted until mid-2020 if I am not mistaken. Bitcoin already tripled its ATH last 2017 and many altcoins now are also increasing very fast. Mass adoption is happening so I think this bull season will last for a year or so. A small correction or dump is normal because it retests the support, if bulls are strong enough to hold it then a new ATH can happen again. Those are also testing the new adopters if they are strong enough to not panic sell and for others to be a buying opportunity as well.

A little correction, 2017 was bullish and 2018 was the bearish season. And it's indeed no sign of bearish run yet this year. Institutions, big names, and companies are still in a trend of entering the crypto market. So, that's enough reason for the bullrun to continue, but that's not guaranteed as well. Once the whales starts dumping Btc, the price will follow suit.
$15,000 might be the sharpest drop If Btc dumps.

Many times for bitcoin go bearish but when it dump for thousands of bucks the whales execute their buy orders to support bitcoins and maybe this kind of scenario are the one we can experience this year and those heavy drop the same on year 2018 will not be seen since big supports from big investors are still hyping up the scene. And lets not focus about dumping possibilities since for sure this will not happen, the $100k discussion still floating and this is the new target to be reached by bitcoin.

[blckhawk]

Bear season is where bitcoin does a massive correction just like what happened in 2017 and it lasted until mid-2020 if I am not mistaken. Bitcoin already tripled its ATH last 2017 and many altcoins now are also increasing very fast. Mass adoption is happening so I think this bull season will last for a year or so. A small correction or dump is normal because it retests the support, if bulls are strong enough to hold it then a new ATH can happen again. Those are also testing the new adopters if they are strong enough to not panic sell and for others to be a buying opportunity as well.

Yes, however, we haven't even reach the top yet, so there's no bear market that will last for 3 years just like the last time. On the contrary, since we don't know what is the top, this bear market could be different as well as bitcoin's narrative has evolved as well.

Now, it's a different ball game, bitcoin is now on the companies profile as a reset asset in their balance sheet. So we're not in a bearish season, not even close, bulls will remain dominant till now.

Indeed. I think it is still early for Bitcoin to go bearish. What were have been experiencing are just corrections, if Bitcoin falls it doesn't mean the bear trend has begun this is just a mere correction and I think it is normal and healthy for the market. Expect that after reaching the new ATH there will be a major correction. To be honest, no one exactly knows when a bear will come but one thing is for sure if those whales decided to sell off then that will be the start but for now, they keep buying and holding so I guess the bull run will continue to rally for a meantime. Personally, I believe Bitcoin will set a few more ATH this time.

[LUCKMCFLY]

Bear season is where bitcoin does a massive correction just like what happened in 2017 and it lasted until mid-2020 if I am not mistaken. Bitcoin already tripled its ATH last 2017 and many altcoins now are also increasing very fast. Mass adoption is happening so I think this bull season will last for a year or so. A small correction or dump is normal because it retests the support, if bulls are strong enough to hold it then a new ATH can happen again. Those are also testing the new adopters if they are strong enough to not panic sell and for others to be a buying opportunity as well.

Yes, however, we haven't even reach the top yet, so there's no bear market that will last for 3 years just like the last time. On the contrary, since we don't know what is the top, this bear market could be different as well as bitcoin's narrative has evolved as well.

Now, it's a different ball game, bitcoin is now on the companies profile as a reset asset in their balance sheet. So we're not in a bearish season, not even close, bulls will remain dominant till now.

Indeed. I think it is still early for Bitcoin to go bearish. What were have been experiencing are just corrections, if Bitcoin falls it doesn't mean the bear trend has begun this is just a mere correction and I think it is normal and healthy for the market. Expect that after reaching the new ATH there will be a major correction. To be honest, no one exactly knows when a bear will come but one thing is for sure if those whales decided to sell off then that will be the start but for now, they keep buying and holding so I guess the bull run will continue to rally for a meantime. Personally, I believe Bitcoin will set a few more ATH this time.

I think the same, it is also likely to continue growing, when observing the movement of Bitcoin in the short term using the tensorcharts.com platform we can see:


tensorcharts.com

In 1 hour intervals the sales orders are in the order of $59.7k.

Although the volume shows a series of purchases, the difference gradient tells us that there are more sales, but to buy they must make sellers, if a green candle is forming it is because most of the negotiations in 1 hour are merely buyers.

The points in purple mean that they are the number of negotiations, it is like a pool that is formed according to the temporality of the market, in this case I analyze it through Bitfinex. I really doubt that a bearish season can stand out.

[Raflesia]

A little correction, 2017 was bullish and 2018 was the bearish season. And it's indeed no sign of bearish run yet this year. Institutions, big names, and companies are still in a trend of entering the crypto market. So, that's enough reason for the bullrun to continue, but that's not guaranteed as well. Once the whales starts dumping Btc, the price will follow suit.
$15,000 might be the sharpest drop If Btc dumps.

Many times for bitcoin go bearish but when it dump for thousands of bucks the whales execute their buy orders to support bitcoins and maybe this kind of scenario are the one we can experience this year and those heavy drop the same on year 2018 will not be seen since big supports from big investors are still hyping up the scene. And lets not focus about dumping possibilities since for sure this will not happen, the $100k discussion still floating and this is the new target to be reached by bitcoin.

We hope for what is better in the future, I see that in the last few months there has been no massive dumping even just a little correction and then it grows again, which we feel now, and it is also true that investors still continue to believe that their investment will be successful this year with the maximum digit achievement, well, here we are aware that bearishness occurs even though conditions are recovering, although if some whales waste tens of thousands of dollars later in the order list, I think the shield will remain strong considering the current situation.

[RealMalatesta]

I think it is still early for Bitcoin to go bearish. What were have been experiencing are just corrections, if Bitcoin falls it doesn't mean the bear trend has begun this is just a mere correction and I think it is normal and healthy for the market. Expect that after reaching the new ATH there will be a major correction. To be honest, no one exactly knows when a bear will come but one thing is for sure if those whales decided to sell off then that will be the start but for now, they keep buying and holding so I guess the bull run will continue to rally for a meantime. Personally, I believe Bitcoin will set a few more ATH this time.

I think bearish will probably start when people are finally out of coronavirus, not like we will be completely done with it, it will always be there, as long as it spreads from one person to another this way I think it will always stay, but if we could achieve something that would make it not a deadly virus but a small thing, we could actually lower it.

For example, regular flu is something that has been around for a century, and people do die from it as well, but at the end of the day we didn't locked ourselves in our houses or wore masks during flu season did we? This is why I think this virus will turn into regular flu we all know, and at that point when we are slowly getting there, the price will slowly go down as well. Without the virus people will go back to their regular lives that has a lot of fiat and we will see crypto becoming not so focal point for many people.

[South Park]

I think it is still early for Bitcoin to go bearish. What were have been experiencing are just corrections, if Bitcoin falls it doesn't mean the bear trend has begun this is just a mere correction and I think it is normal and healthy for the market. Expect that after reaching the new ATH there will be a major correction. To be honest, no one exactly knows when a bear will come but one thing is for sure if those whales decided to sell off then that will be the start but for now, they keep buying and holding so I guess the bull run will continue to rally for a meantime. Personally, I believe Bitcoin will set a few more ATH this time.

I think bearish will probably start when people are finally out of coronavirus, not like we will be completely done with it, it will always be there, as long as it spreads from one person to another this way I think it will always stay, but if we could achieve something that would make it not a deadly virus but a small thing, we could actually lower it.

For example, regular flu is something that has been around for a century, and people do die from it as well, but at the end of the day we didn't locked ourselves in our houses or wore masks during flu season did we? This is why I think this virus will turn into regular flu we all know, and at that point when we are slowly getting there, the price will slowly go down as well. Without the virus people will go back to their regular lives that has a lot of fiat and we will see crypto becoming not so focal point for many people.

I find it interesting that you think the bear market is going come when the pandemic is over, why is that? It is not like all the money governments printed is going to disappear and with more taxes coming and even more money being printed then it makes sense for the price of bitcoin to at least hold out near the current levels, and there is an argument to be made that the end of the pandemic could make the price of bitcoin to go higher as people that were careful with their money begin to spend it and this drives up inflation and with it the price of bitcoin as well.

[btc78]

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?

mentioning that we have experienced or witnessed the Rise in Fortune , isn't the right time to expect fall ? there is no permanent increase in everything that money matters and we all knew that this time will come.
dumping almost below 50k is really a sudden situation but if we knew market we will trust that price will come up again soon.
2021 is still the Blooming age of Bitcoin because of the past crisis and economic almost collapsed , People fund that crypto is one best way to Hide and keep their Money safer.

[plr]

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.