Is it bearish season yet?

[Kelvinid]

The present movement of the price in the last 24 hours shows that we are nowhere the bearish season. And as majority is saying, $100k is the biggest goal for this year before we can see if we will have a massive sell off that might stake the bear market, or the sell off will be just another market correction and then push to $100k or higher. So we might not see the bearish cycle for this year, in my opinion.

The market demand pushes the market also keep moving high. We can't disclose the bear season to come but as we can see from the chart, it seems to be not close to the possibility. Now I think that almost everyone is in holding now, even miners doing the same. This means that the market price will likely move higher than expected for the dump to come. Maybe we could see some corrections as it was really possible but not it means the bearish season will start and that is why we don't need to be panic.

[STT]

Slight pullback but quite normal, I think it can hit the weekly average maybe but recent low was 4 day average and also the top of the Elon musk tweet action obviously its not just him but thats how I'd label it short term.



Currently its at the 2 day average, low was the peak of March pricing so might be fair measure for the moment.

[kpierce77]

The present movement of the price in the last 24 hours shows that we are nowhere the bearish season. And as majority is saying, $100k is the biggest goal for this year before we can see if we will have a massive sell off that might stake the bear market, or the sell off will be just another market correction and then push to $100k or higher. So we might not see the bearish cycle for this year, in my opinion.

I saw the news about Coinbase which will soon be listed on Nasdaq, this of course will also make the bitcoin price level stronger than last time. Regardless of when the bearish cycle will occur, I am a little sure that with the massive number of celebrities promoting the current NFT as a trend and also a lot of money going into crypto, bearish will not happen anytime soon

[Oilacris]

The present movement of the price in the last 24 hours shows that we are nowhere the bearish season. And as majority is saying, $100k is the biggest goal for this year before we can see if we will have a massive sell off that might stake the bear market, or the sell off will be just another market correction and then push to $100k or higher. So we might not see the bearish cycle for this year, in my opinion.

I saw the news about Coinbase which will soon be listed on Nasdaq, this of course will also make the bitcoin price level stronger than last time. Regardless of when the bearish cycle will occur, I am a little sure that with the massive number of celebrities promoting the current NFT as a trend and also a lot of money going into crypto, bearish will not happen anytime soon

We cant say that it wont happen but it is less likely to be seen as of this year where the market is had been barraged down with lots of positive sentiments or events which would really be helpful

into further adoption in the market which is really great on the entire community.Price is already to expensive to buy a whole coin but to consider that we can still buy in portions or satoshi.

Bearish season might come but it wont really be early on this year if these positive news do keep coming every now and then.

[kpierce77]

The present movement of the price in the last 24 hours shows that we are nowhere the bearish season. And as majority is saying, $100k is the biggest goal for this year before we can see if we will have a massive sell off that might stake the bear market, or the sell off will be just another market correction and then push to $100k or higher. So we might not see the bearish cycle for this year, in my opinion.

I saw the news about Coinbase which will soon be listed on Nasdaq, this of course will also make the bitcoin price level stronger than last time. Regardless of when the bearish cycle will occur, I am a little sure that with the massive number of celebrities promoting the current NFT as a trend and also a lot of money going into crypto, bearish will not happen anytime soon

We cant say that it wont happen but it is less likely to be seen as of this year where the market is had been barraged down with lots of positive sentiments or events which would really be helpful

into further adoption in the market which is really great on the entire community.Price is already to expensive to buy a whole coin but to consider that we can still buy in portions or satoshi.

Bearish season might come but it wont really be early on this year if these positive news do keep coming every now and then.

Ya ya, What I mean is that the price is already high but there are still many people who put their money in crypto making the bearish phase going to be longer or will not happen anytime soon (although market cycles like berish are certain) because most people see crypto as an opportunity to get profit, so the price will be difficult to go down

[LUCKMCFLY]

When looking at the volume of Bitcoin, there is a lot of negotiations that are being generated, this means that there is a lot of activity, it does not seem to be bearish, however many analyzes pointed out that it would probably decrease by 50% after Coinbase was listed on Wall Street , but after these moves Bitcoin has held out at roughly $ 61.5k.

The volatility has reduced, which means that the sideways trend in the range of $62,000-$63,000 is the most likely scenario until the end of the week.

Source: https://u.today/btc-eth-and-xrp-price-analysis-for-april-15

What I like the most about this analysis is that it uses the "Volume Profile" and reveals that for a period of Days, it presents a greater number of negotiations from $56k- $62k.

[doomloop]

Regardless of when the bearish cycle will occur, I am a little sure that with the massive number of celebrities promoting the current NFT as a trend and also a lot of money going into crypto, bearish will not happen anytime soon

In bearish trend, money will be leaving of crypto markets then people are having hype about crypto market will be get less enthusiasm and then might be leaving off as well. Only when we are having lots of new investors, will be able to continue the bull run but when some people are leaving off for some reasons then automatically we will get into bearish trend. So, there will be no wonder then those mentioned celebrities will be leaving off this crypto space for their own reasons then definitely we will get into bearish market without any doubts.

[STT]

Break of a trend, are you happy now     Its now trading below this diagonal line shown here which in theory gives us some significance to observe.   Its only 1hr bars, I havent looked seriously but in any case I have been thinking a return to weekly average would be reasonable for a few days and thats the 60k price

[Kasabus]

Break of a trend, are you happy now     Its now trading below this diagonal line shown here which in theory gives us some significance to observe.   Its only 1hr bars, I havent looked seriously but in any case I have been thinking a return to weekly average would be reasonable for a few days and thats the 60k price

Weekends are coming so I expecting that the price will turn back high again.
That will be another break again, and we often experience that from now on.

We are staying for long at $50k-$60k price range and never have a chance to drop below the line for a few weeks (if I don't miss it). There is so much demand helping Bitcoin price to stay the line, we experience some corrections but that easy to recover.

[carlisle1]

Regardless of when the bearish cycle will occur, I am a little sure that with the massive number of celebrities promoting the current NFT as a trend and also a lot of money going into crypto, bearish will not happen anytime soon

In bearish trend, money will be leaving of crypto markets then people are having hype about crypto market will be get less enthusiasm and then might be leaving off as well. Only when we are having lots of new investors, will be able to continue the bull run but when some people are leaving off for some reasons then automatically we will get into bearish trend. So, there will be no wonder then those mentioned celebrities will be leaving off this crypto space for their own reasons then definitely we will get into bearish market without any doubts.

For most gainers cashing out is part of the drill, they are good in placing their timings, Money always speak louder than anything.

There are big chances that big investments are being pulled out as the profits is very decent,
they are enjoying now all the benefits and they are moving sideways and for sure they are waiting
for another good position.

Give it some days and it will bounce again, new investment still on its way!

[South Park]

The present movement of the price in the last 24 hours shows that we are nowhere the bearish season. And as majority is saying, $100k is the biggest goal for this year before we can see if we will have a massive sell off that might stake the bear market, or the sell off will be just another market correction and then push to $100k or higher. So we might not see the bearish cycle for this year, in my opinion.

People that have not been in the market for long get too worried for my taste, I understand that they are still learning but they just need to watch the charts and the movements of bitcoin that we have seen during the previous years in order to understand that the minor corrections that we see from time to time are nothing to be alarmed, the price is still going up, we are still in a bull market and it is probably going to remain this way for the rest of the year.

[freedomgo]

Bearish season has no display, it seems like it's not coming anytime soon, lol..

Some are definitely hoping that bear season will come due to personal interest, like they want to buy because they miss the opportunity, but it all depends on how long the new investors are coming, they are definitely one of the reasons why we are seeing an ATH after ATH.

[STT]

Weekends are coming so I expecting that the price will turn back high again.

Pretty much my thoughts also, weekend is easier going however the volume on the price after hitting 61k and rising has been weaker.   This area will be tested again I think before any rise going forward.



So I didnt post at that time but 61613 was my idea for closing out any negative trade for today, rising and moving above that ends the negative sentiment in appearance.   Its the prior low, so it did beat that and we're closing out above the lows.   Its fairly simple to recover back to that 1hr positive trend then sunday into monday I expect a proper test once again with main market volume, 62 and high as 63k we havent yet proven positive.   Some have aspirations 70k and beyond, so long as it holds 59k on any test that probably means we resolve upwards.

[South Park]

Bearish season has no display, it seems like it's not coming anytime soon, lol..

Some are definitely hoping that bear season will come due to personal interest, like they want to buy because they miss the opportunity, but it all depends on how long the new investors are coming, they are definitely one of the reasons why we are seeing an ATH after ATH.

It think so too, many of those that want the market to go down in price are people that lost the opportunity to buy coins for a cheaper price and now they want that opportunity to comeback but I have my doubts those people will actually take advantage of the opportunity as if the price was really crashing do you think they will actually buy bitcoin at that point? Of course not, they will be too scared to buy since now they are going to be afraid the price will go even lower than the levels they are currently watching.

[skarais]

It think so too, many of those that want the market to go down in price are people that lost the opportunity to buy coins for a cheaper price and now they want that opportunity to comeback but I have my doubts those people will actually take advantage of the opportunity as if the price was really crashing do you think they will actually buy bitcoin at that point? Of course not, they will be too scared to buy since now they are going to be afraid the price will go even lower than the levels they are currently watching.

When we don't dare to take big risk, then we won't get big profit either. That's what has always haunted investor who were afraid to buy bitcoin from previous years when it was $5K- $10K. There is always disappointment after they see the fact that bitcoin is reaching a new ATH, they say that they are too scared to get on the lifeboat with bitcoin because the swing is too strong.

[Twinscoin2017]

It think so too, many of those that want the market to go down in price are people that lost the opportunity to buy coins for a cheaper price and now they want that opportunity to comeback but I have my doubts those people will actually take advantage of the opportunity as if the price was really crashing do you think they will actually buy bitcoin at that point? Of course not, they will be too scared to buy since now they are going to be afraid the price will go even lower than the levels they are currently watching.

When we don't dare to take big risk, then we won't get big profit either. That's what has always haunted investor who were afraid to buy bitcoin from previous years when it was $5K- $10K. There is always disappointment after they see the fact that bitcoin is reaching a new ATH, they say that they are too scared to get on the lifeboat with bitcoin because the swing is too strong.

I agree because i believe that big risk comes with big profit, crypto is always risky if you dont wanted to take the risk then crypto is not for you, it is high on volatility and full of excitement, I am in crypto for almost 4.5 years and i can say that my experience is not enough because i still can't control my emotion when i see that the price of the coin or altcoin that i invested go down, and sometimes i can't deny that i lose a profit because i easily get bored on waiting for the right time to sell, but i am always looking forward to the future and keep on going because i know that someday i can manage it all through studying hard about cryptocurrency.

[LUCKMCFLY]

Currently there is a slight correction in the market, however one of the most named in the market as Peter Brandt believes that this correction is not a cause for concern, however 17% is considerable if seen from another point of view, but for the veteran it is not.

In this article he shows some facts:

Brandt’s draw down figures put the current correction closer to 20% which he claims is “very mild historically”. In an April 20 tweet he said there is a strong history of Bitcoin bull trends to test the 18 week moving average which was at $46,615 at the time. This would entail a much larger correction of around 28%.

Source: https://cointelegraph.com/news/peter-brandt-laser-eyes-to-blame-for-bitcoin-correction-but-it-s-very-mild-anyway

According to Brandt, the correction according to the history shown may be around 35%, which means that the market may fall back to $46k, it is probable and it is a scenario that can occur. It's all about waiting and seeing how the market continues to develop.

[slapper]

According to Brandt, the correction according to the history shown may be around 35%, which means that the market may fall back to $46k, it is probable and it is a scenario that can occur. It's all about waiting and seeing how the market continues to develop.

I am quite interested in how this man react with bitcoin. It is hard to draw a conclusion on bitcoin when everything keeps going and up up and up. But he is totally a genius and demonstrate a abnormal analysis which I believe not many traders or advisers have the same idea

I did buy some bitcoin around $54000, honestly. Fortunately, I only buy 50% of my capital so that if the price ever goes below $50000, I will spend the rest for it.

From my perspective, a 35% can be either a correction or a reversal. We cant know for sure. More information (the behavior of the market when bitcoin is below $50000) is required in order to make up a unmistakable final conclusion.

[justdimin]

I did buy some bitcoin around $54000, honestly. Fortunately, I only buy 50% of my capital so that if the price ever goes below $50000, I will spend the rest for it.

I doubt that you will get chances to make use of your remaining 50% of capital. People keep saying that bitcoin is known for surprises and in that same way I will not be surprised if bitcoin again proves its potential by not obeying any of technical. I mean honestly I am not expecting bitcoin to be testing the 18 week moving average line.

More information (the behavior of the market when bitcoin is below $50000) is required in order to make up a unmistakable final conclusion.

Market is slowly moving downward which is all new thing for bitcoin markets because we have seen downward movements are too fast and do happen in day but this time it is slowly approaching lower lows on day basis which shows there are enough buying pressures to keep and launch market toward upside at any time.

[South Park]

It think so too, many of those that want the market to go down in price are people that lost the opportunity to buy coins for a cheaper price and now they want that opportunity to comeback but I have my doubts those people will actually take advantage of the opportunity as if the price was really crashing do you think they will actually buy bitcoin at that point? Of course not, they will be too scared to buy since now they are going to be afraid the price will go even lower than the levels they are currently watching.

When we don't dare to take big risk, then we won't get big profit either. That's what has always haunted investor who were afraid to buy bitcoin from previous years when it was $5K- $10K. There is always disappointment after they see the fact that bitcoin is reaching a new ATH, they say that they are too scared to get on the lifeboat with bitcoin because the swing is too strong.

I wonder what are those people thinking now? Even if the price of bitcoin has not been growing lately and just today we crossed 50k again, bitcoin has been doing really great during the last year and they had the opportunity to buy it when no one else was doing it for such a low price that anyone that invested a significant amount of money in the market just during this year could have solved their economic problems with that investment alone.