Are we entering bear market? How low will btc go in the coming year?

[maydna]

I guess we are entering bear market based on what we are experiencing from the market few months ago. The price of bitcoin is still decreasing in the market, that is making some investors to keep asking, if it is the right time to bear market or to buy more bitcoin for future profit making.

I am not sure about that. If you called this situation a bear market, you could be wrong because the bitcoin price is still higher than last year, even for the last ATH a few years ago. I still believe that we are still in the bull run phase, but with a deep correction, the price can rise again. We can see another increase in the price in the next month, but if the price still goes down to the lower price, we need to be patient.

This time can be a good time for the investor to buy bitcoin because the price is down again, and I guess some of them already bought bitcoin at $33k.

bear market is just a term, for me, how can we make money in all conditions. therefore I prefer to trade short-term, even though the market is down, but I keep looking for buying areas and take advantage of bounce moments, so that I can still make money

I agree with that. As long as we can make a profit in all conditions, that term will not exist to us because we can adjust ourselves in trading and make a profit. That is the important thing for the traders to make money, but they need to know that the bear market will profit less than the bull market.

In this bear market, you can still trade short-term, but you can use a holding term to help you gain benefits in the long term so that you can make money in the short and long term together. I use short-term trading too as you because I see the increase and decrease of the price is good for me to buy low and sell high, so I can expect to profit from that.

[finaleshot2016]

As others have stated, the low could be $20,000 or more; I'm still waiting for that time to come so I can invest in altcoins and, of course, BTC. Consider the bear market to be a discounted sale because you can buy all of those assets at a lower price and simply wait for a little longer; it might be profitable soon!

A bear market does not always imply a loss; take advantage of the short-sell position; you may gain more as a result.

[jaberwock]

Looking to purchase some btc in the coming year and looking for the best time.
Sold all alts a few weeks back and will switch back into btc when the price is right.

Ideal would be around 12k, within a year from now. Do you think its possible or am i setting the bar too low to fast?
Is this just a half time dip in the cycle and we'll see another ath this year?


I'm bearish by nature and I have patience so I'm not rushing to buy right now, but I'm interested in what your views are.

How did you get to know that there is going to be another ATH this year? If it’s going to be repeating just as what we have seen happen before, then I don’t think there is going to be another bull run that will create another ATH price, I have seen ATH happen twice, not after crashing to this level. But the price is going to be flowing somewhere between the low and the highest this year.

As for when you’re going to be investing your money, it all depends on the level of patience you’re ready to have and for how long. If you have plans to hold for years after you have invested, wouldn’t be bad if you invest now because after another halving we would start looking forward to another bull run and new ATH price.

[Snorren]

Looking to purchase some btc in the coming year and looking for the best time.
Sold all alts a few weeks back and will switch back into btc when the price is right.

Ideal would be around 12k, within a year from now. Do you think its possible or am i setting the bar too low to fast?
Is this just a half time dip in the cycle and we'll see another ath this year?


I'm bearish by nature and I have patience so I'm not rushing to buy right now, but I'm interested in what your views are.

How did you get to know that there is going to be another ATH this year? If it’s going to be repeating just as what we have seen happen before, then I don’t think there is going to be another bull run that will create another ATH price, I have seen ATH happen twice, not after crashing to this level. But the price is going to be flowing somewhere between the low and the highest this year.

As for when you’re going to be investing your money, it all depends on the level of patience you’re ready to have and for how long. If you have plans to hold for years after you have invested, wouldn’t be bad if you invest now because after another halving we would start looking forward to another bull run and new ATH price.

I never said I thought there would be another ATH this year? Plan is to hold for 10-20 years.
I decided and put my buy order to little over 20k and now I wait. I can wait for a year or so, by then it should be obvious if I was too greedy or not.

[pixie85]

Ideal would be around 12k, within a year from now. Do you think its possible or am i setting the bar too low to fast?
Is this just a half time dip in the cycle and we'll see another ath this year

To begin with, once ATH has been passed for the second time, Bitcoin never goes below it. IT was like that with 1 thousand dollars and it's going to be the same with 20 thousand. It's possible that we'll wick below it for a short time but we'll never again go back for a longer time that will allow you to buy lower without setting an order first.

Next thing is the 300 day MA which has been the technical bottom as long as Bitcoin exists. For you to buy at 12 thousand we'd have to break that line for the first time in history.

Then there's the psychological barrier of the beginning of the bull run which is 14 thousand. We were there in 2020 and we came back to it in 2021 to finally break it and start a run to 20 thousand.

[Silberman]

Based on the current market movement, I don't think that we haven't entered bitcoin market yet, to be honest the dip was just the result of the panic of many people that lead to simultaneous selling of their bitcoin, the prices are already recovering so we can only assume that we have already reached the lowest price this year.

There is no other option but to wait, after all this reduction on the price could be anything, it could be a just a dip but for that we will need for the price at least to remain stable for some time and then exhibit a recovery, however if the price keeps slowly crashing for a long time then we are having to have no other option but to admit that this is in fact a crash and that the bull run is over, something that no one in the forum really wants as we prefer bitcoin making all time highs instead of going down and remaining static for years.

[fullhdpixel]

Looking to purchase some btc in the coming year and looking for the best time.
Sold all alts a few weeks back and will switch back into btc when the price is right.

Ideal would be around 12k, within a year from now. Do you think its possible or am i setting the bar too low to fast?
Is this just a half time dip in the cycle and we'll see another ath this year?


I'm bearish by nature and I have patience so I'm not rushing to buy right now, but I'm interested in what your views are.

I can’t really tell for sure, but everybody is still predicting that there is going to be another bull run and the price of Bitcoin is going to reach as high as $100,000. I don’t know how true this is, because nobody can say that they are hundred percent sure about that. I believe that the price will reach that, but what I am not sure is whether it’s going to be this year or anytime soon.

It can be anytime, all you have to do is to invest at the right time, which is at a time that the price is very low and that way you will be confident enough to continue to have patience. This decrease in price is a good opportunity for those that wants to buy at a lower price and Hodl, and as usual make sure that you’re investing what you can Hodl for a long time, even with the ups and downs that are yet to come, you just got to hold it till the time is right.

[verita1]

Nobody who bought #bitcoin and Hodled for 4+ years (200 weeks) ever lost money, EVER.


https://twitter.com/100trillionUSD/status/1398222204123426816?s=19

I am optimistic, nothing has been lost, we all know why we have this setback, we returned to the price of bitcoin as at the beginning of the year 2021.
We bitcoiners are tireless, we must not give up and continue. Bitcoin is our freedom, it is available to anyone regardless of how much money they carry in their pockets.

[laohe628]

I do not think BTC is possible down to $12k, the odds is very, very small. I guess about $20k, but i just guess, i dont have any evidence to prove it, just a guess based on past experience.
Besides, this bull market a lot of big institutions into the field, may be different.

[electronicash]

I do not think BTC is possible down to $12k, the odds is very, very small. I guess about $20k, but i just guess, i dont have any evidence to prove it, just a guess based on past experience.
Besides, this bull market a lot of big institutions into the field, may be different.

we are all optimistic. we didn't expect the price goes down to $3k after the ath $20k but when it touches $3 we simply just look at it as an opportunity. $12k may not really happen and we can only just think it's impossible until it happens.

this market is just not very predictable and once you just shift to something else to divert your money somewhere, the least you expect happens. it's just good to put a few percentages of your money for BTC.

[415jeremy]

Don't be to pessimistic. Bitcoin can't go lower than it did the last year.

[Viscore]

I do not think BTC is possible down to $12k, the odds is very, very small. I guess about $20k, but i just guess, i dont have any evidence to prove it, just a guess based on past experience.
Besides, this bull market a lot of big institutions into the field, may be different.

we are all optimistic. we didn't expect the price goes down to $3k after the ath $20k but when it touches $3 we simply just look at it as an opportunity. $12k may not really happen and we can only just think it's impossible until it happens.

this market is just not very predictable and once you just shift to something else to divert your money somewhere, the least you expect happens. it's just good to put a few percentages of your money for BTC.

If you think that the price will go down deeper like $12k, then better wait for it patiently. After all, no one of us can predict correctly where will the price will settle. Some are just making wild guesses and they based their predictions based on the previous year's bearish season.

However, if you have enough funds in your pocket, you can start buying at the current price because you won't know, the price won't go down deeper anymore. It's good to think that you haven't miss any opportunity this market brings and so you won't deal with regrets in the future.

[Peanutswar]

Anything can happen on the market as you can see right now we experience almost a week of sideways still we need to monitor this kind of movement if we might experience another uptrend of bullish or this is the last and comes to enter with the bearish market.

As possible always up yourself keep knowledgeable and not become dependent on just a single tweet of a known celebrity or just came from social media. We are already recovering on this covid so you don't need to expect lowering again with the 3k USD last year March.

[Silberman]

I do not think BTC is possible down to $12k, the odds is very, very small. I guess about $20k, but i just guess, i dont have any evidence to prove it, just a guess based on past experience.
Besides, this bull market a lot of big institutions into the field, may be different.

In order for us to see 12k a disaster scenario must happen for bitcoin, basically we will need that one of the most recent institutional investors to get to this market sold their coins, I really think this is why the price crashed so hard as I do not believe Tesla is holding any coins anymore, we will need Saylor to sell his coins and for what it seems he does not want to sell his coins so I doubt a price like that will be seen again, and if it is, then make sure to buy the dip at that point.

[andriarto]

I do not think BTC is possible down to $12k, the odds is very, very small. I guess about $20k, but i just guess, i dont have any evidence to prove it, just a guess based on past experience.
Besides, this bull market a lot of big institutions into the field, may be different.

In order for us to see 12k a disaster scenario must happen for bitcoin, basically we will need that one of the most recent institutional investors to get to this market sold their coins, I really think this is why the price crashed so hard as I do not believe Tesla is holding any coins anymore, we will need Saylor to sell his coins and for what it seems he does not want to sell his coins so I doubt a price like that will be seen again, and if it is, then make sure to buy the dip at that point.

right, with previous experience bitcoin was at a value below $5k, then it should be a good time to invest, but unfortunately no one knows about the market, so for now we should look for opportunities and don't hesitate to buy, For example, we can buy gradually to minimize the decline in the value of our assets

[wiss19]

Fortunately we are not going down again and again, still is no guarantee that it will keep going down or up so there is a chance it could potentially get better. I am hoping that it will but nobody can guarantee such a thing so all I am doing right now is just checking and praying that the price will not go down even more.

By the looks of it we still have a chance to get up, I mean we went to 30k and then bounce over 40k so it was obvious that there could be recovery in anything but some people are saying that 40k was a dead cat bounce as well so I am not sure what to believe in anymore. If you want I would say you could get out of the market for a while now, it may not be a great idea to do it now because it may recover, but it could also get a lot worse so I would understand anyone who gets out. I am not getting out until it hits under 20k so I am fine so far.

[LUCKMCFLY]

I guess we are entering bear market based on what we are experiencing from the market few months ago. The price of bitcoin is still decreasing in the market, that is making some investors to keep asking, if it is the right time to bear market or to buy more bitcoin for future profit making.

I am not sure about that. If you called this situation a bear market, you could be wrong because the bitcoin price is still higher than last year, even for the last ATH a few years ago. I still believe that we are still in the bull run phase, but with a deep correction, the price can rise again. We can see another increase in the price in the next month, but if the price still goes down to the lower price, we need to be patient.

This time can be a good time for the investor to buy bitcoin because the price is down again, and I guess some of them already bought bitcoin at $33k.

bear market is just a term, for me, how can we make money in all conditions. therefore I prefer to trade short-term, even though the market is down, but I keep looking for buying areas and take advantage of bounce moments, so that I can still make money

I would not call it a bear market, the implications are many that prevent it, rather I think that currently the market is going through a very large correction, in fact, there are many theories that support it, when we take into account the S2F models of PlanB states that this is just the beginning, that the bullish trend has not started as it is, $100k is the first target, and $288k is the other target as well.

In addition, the monthly red BTC candle is totally comparable to the one that occurred in 2013 just before the bullish trend for that year, of course the fundamental characteristics at that time were very different from those of 2021, but in terms of chartism it is totally valid.

[sapnu]

Unfortunately, we are indeed on the bear market already. Holding wouldn't be a bad idea at all since a bull market is still expected to occur within the year or next year. Many people are quite confused right now but for me, we should take advantage of the current fall of bitcoin's price and start investing while there's still time. It's either we end up regretting or we gain much benefit as we hold on to our investments as the bull market happen once again. Let us not let this opportunity slip on our hand or else we will regret it our whole lives once again, just like on 2018 bear market.

[jossiel]

Don't be to pessimistic. Bitcoin can't go lower than it did the last year.

Nice insight. But you can't stop people to have that thoughts of being pessimistic because they're comparing it to the last bull run and bear market.

That's why that thought has been formed for most of us and thought that because we saw bitcoin dropped 50% then it should be the start of the bear market.

And what's good on this, bitcoin is recovering gradually.

[AndySt]

Unfortunately, we are indeed on the bear market already. Holding wouldn't be a bad idea at all since a bull market is still expected to occur within the year or next year. Many people are quite confused right now but for me, we should take advantage of the current fall of bitcoin's price and start investing while there's still time. It's either we end up regretting or we gain much benefit as we hold on to our investments as the bull market happen once again. Let us not let this opportunity slip on our hand or else we will regret it our whole lives once again, just like on 2018 bear market.

I strongly disagree with your opinion about the bear market in the cryptocurrency market at this point in time. It was stupid and naive to expect that bitcoin would continue its insane growth momentum and soon storm $ 100,000, $ 200,000, and so on. Usually, the summer months are relatively quiet months, such as the stock market and the cryptocurrency market increasingly resembles the traditional market, because the same players are starting to come here. For the last three weeks, bitcoin has been trading in the range from 30,000 to 4,000, and there is a huge difference between buying for 30,000 and buying for 40,000, unless you expect bitcoin to be worth $ 1,000,000 in the coming weeks Therefore, let's hope that the cryptocurrency market will accumulate its strength in the summer months and make a new breakthrough by the end of the year.