We exited the bear market earler than expected

[Ararbermas]

Who knows if the bear market is over! And if this is the end of the bear market then there is a possibility that Bitcoin market value will surpass $60k before end this year hopefully.

for me i can say bear market is already ended because it's quite now in the market unlike the day after the massive decline wherein a lot of people panicking and selling even at loss, reason market fell like a rock..
But now seems its done and mostly showing green unlike before wherein market is full of blood. 

So stop wondering why there's no improvement after the tragedy because we need to understand the situation that the market isn't fully recovered that's why still no changes..  Just be patient time will come for it.

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[Kittygalore]

I don't think so, we more or less have overstayed in the bull market rather than entering earlier into the bear market, that is if we use the year 2018 as a reference.

[wahyu wida]

Who knows if the bear market is over! And if this is the end of the bear market then there is a possibility that Bitcoin market value will surpass $60k before end this year hopefully.

for me i can say bear market is already ended because it's quite now in the market unlike the day after the massive decline wherein a lot of people panicking and selling even at loss, reason market fell like a rock..
But now seems its done and mostly showing green unlike before wherein market is full of blood. 

So stop wondering why there's no improvement after the tragedy because we need to understand the situation that the market isn't fully recovered that's why still no changes..  Just be patient time will come for it.

when there was a massive decline at that time, indeed many people panicked over Ellon's statement, coupled with the statement of the Chinese government, but we can see that currently the market tends to be ranging, and hopefully now the correction has ended and the market continues its bullish trend.

[justdimin]

We exited the bear market earlier than everyone expected.

The prices might only start to surge from here. Many people said that the Korea FUD, the Elon FUD, and the China FUD will kill Bitcoin. But what it actually did was speed up a 3 year bear market into a 3 week bear market.

Bear market? The price is at the $39,000 price, so that’s not really bad. A lot of people never believed it will even reach this far, to start with. I can remember very well that when the price crossed $20,000 to $24,000 a lot of people were celebrating and we’re doubting that it is going to reach $30,000. But we still saw that happen and the price crossed the line and kept breaking new boundaries. So, being at $39,000 right now is not that bad.

In the last few days the price has dropped to $34000 and recovered from there, and some people took that opportunity to earn as well. The time I am going to start saying we have entered the bear market is when it drops below the $30,000 price range.

[Wind_FURY]

We exited the bear market earlier than everyone expected.

The prices might only start to surge from here. Many people said that the Korea FUD, the Elon FUD, and the China FUD will kill Bitcoin. But what it actually did was speed up a 3 year bear market into a 3 week bear market.

Bear market? The price is at the $39,000 price, so that’s not really bad. A lot of people never believed it will even reach this far, to start with. I can remember very well that when the price crossed $20,000 to $24,000 a lot of people were celebrating and we’re doubting that it is going to reach $30,000. But we still saw that happen and the price crossed the line and kept breaking new boundaries. So, being at $39,000 right now is not that bad.

In the last few days the price has dropped to $34000 and recovered from there, and some people took that opportunity to earn as well. The time I am going to start saying we have entered the bear market is when it drops below the $30,000 price range.

The bear market happened so very fast that you question if it has truly happened, or saying if it existed recently, would question if it was a lie. Haha.

I’ll post this again. Fudsters and trolls say the market is in “fear” and/or “capitulation”. From this point of view, we are returning to the mean.

[husnija]

are you that sure? Of course I also hope that the bad situation has passed, dizzy if you keep thinking about the state of the market in the last few weeks
it's time to return reach all time higher

[mamahdedeh]

We exited the bear market earlier than everyone expected.

The prices might only start to surge from here. Many people said that the Korea FUD, the Elon FUD, and the China FUD will kill Bitcoin. But what it actually did was speed up a 3 year bear market into a 3 week bear market.

Bear market? The price is at the $39,000 price, so that’s not really bad. A lot of people never believed it will even reach this far, to start with. I can remember very well that when the price crossed $20,000 to $24,000 a lot of people were celebrating and we’re doubting that it is going to reach $30,000. But we still saw that happen and the price crossed the line and kept breaking new boundaries. So, being at $39,000 right now is not that bad.

In the last few days the price has dropped to $34000 and recovered from there, and some people took that opportunity to earn as well. The time I am going to start saying we have entered the bear market is when it drops below the $30,000 price range.

The bear market happened so very fast that you question if it has truly happened, or saying if it existed recently, would question if it was a lie. Haha.

I’ll post this again. Fudsters and trolls say the market is in “fear” and/or “capitulation”. From this point of view, we are returning to the mean.

From the image you include, you can see the general market scenario. but in the cryptocurrency market the whales also play an important role, and such a scheme may be broken, because as we can see the market always seems to form new peaks, even though like in the previous year the price of bitcoin fell to $ 3500, until now.

[maydna]

From the image you include, you can see the general market scenario. but in the cryptocurrency market the whales also play an important role, and such a scheme may be broken, because as we can see the market always seems to form new peaks, even though like in the previous year the price of bitcoin fell to $ 3500, until now.

But we don't expect to see the price will go down for $3,500 because if that thing is to happen, you can imagine there will be a mass panic from people. That will be the best time for people who have a lot of money because they can buy as much bitcoin as possible and hold it for more. It is like a big party to buy bitcoin at that price, but many people will be disappointed because they are losing too big money.

Hopefully, this will end soon, and the price will come back with the big support that can lift the price to break every high price and make a new ATH. I think that will happen this year, but we need to wait for that time.

[nightxglow]

Yes, i guess people are getting smarter, not letting those external factors to interfere with the price. As long as we believe, I believe that the demand of bitcoin will continue to be high, which will be resulted to a higher price. So it will be easier for us to escape the bearish. It's not that bad too though, the price went down a little, but I'm pretty sure it will sky rocketed soon enough, since everyone has a big expectation to bitcoin as well, and we gain a lot more new supporters thanks to bitcoin hype.

[AicecreaME]

It's more convincing if you'll show us some proof (price chart explanation) that'll prove that we're already in a bearish market. A lot of stuff are going to that affected Bitcoin price to plummet, but that's not enough reason to call the market a bearish one, who knows it's just fuelling the massive bull run.

I mean, let's say it's already bearish, so what's new about it? hodl is the key to secure our profits and patient.

[suzanne5223]

None of the FUD (Korea restriction, Elon FUD and the Chinese mining issue) will kill Bitcoin, it will only influence the price of the Bitcoin market and there's a consensus debate going on and I hope will lead to a better conclusion about Bitcoin mining once the mining energy consumption/carbon emission is fixed other FUD is just a small problem.

In meantime, if this issue is not fixed in time the current FUD could be the first step to market correction so it too early for us to conclude that we have to exit the bear market.

[Silberman]

Not sure about exited - I don't even think we entered it.

There has been a huge price surge since the end of last year. I think that the price drops over the last week or so are simply the inevitable correction. Sentiment overall is not bearish, it's just that the higher the prices go, the more people start to get a bit twitchy, and eager to sell at the first sign of trouble... which of course has a snowball effect.

But look at the charts over a long time frame, switch to log scale to get more perspective... and it doesn't look bearish at all.

I feel the same way, and have reflected this in other comments on the subject. Perhaps the drop has been a little more pronounced than I expected due to institutional demand, but I have not felt that we were entering a bear market, unlike some of the comments and posts I have read. I keep repeating that we are going to reach $100k this year. The weak hands have already sold, and when we go a little higher, there is going to be FOMO again

This movement was necessary so we could get to that 100k at the end of the year, there were simply too many weak hands that were blocking the ability of bitcoin to remain at the 60k level so the correction was necessary, as you say the correction was heavier than we thought but that only means that we had more weak hands than what we thought at first and without them and with the rest of the holders having diamond hands it is easier for the price to grow more aggressively at the end of the year.

[pixie85]

The bear market happened so very fast that you question if it has truly happened, or saying if it existed recently, would question if it was a lie. Haha.

I’ll post this again. Fudsters and trolls say the market is in “fear” and/or “capitulation”. From this point of view, we are returning to the mean.

You're joking, right?

Do you think we were in despair in those 2 weeks of red?
Despair comes after months of decline when price goes close to the last ATH or to the 300 day MA. We are like half way there at the moment.

What about bitcoin cycles where bear market takes a year or more?

If we go to 25000 from here we're in a bear market.
If we go to 50000 it means this was only a correction in bull market. 

It's this simple!

[bryant.coleman]

You're joking, right?

Do you think we were in despair in those 2 weeks of red?
Despair comes after months of decline when price goes close to the last ATH or to the 300 day MA. We are like half way there at the moment.

Experienced users won't be in despair even if the prices remain suppressed for two or three years. But he is talking about the majority of the cryptocurrency users, who entered the market after 2019. These people invested in Bitcoin (and other cryptocurrencies) as a result of FOMO, and are always vary about fluctuations. When they see the prices going down by 40% or 50% in a week, the decision is made to dump all the holdings and make the exit. The second group may hold on for a month or two, but if the correction extends beyond that, then they will also make their exit. And for the pre-2013 users like me, this present a great opportunity to accumulate coins at cheap rates.

[Lorence.xD]

We can't be that sure yet, this might be just another temporary pumps that will keep the hopes up of the market, I will only believe that we exited the bear market if the growth in prices are steady as it can be.

[lixer]

The bear market happened so very fast that you question if it has truly happened, or saying if it existed recently, would question if it was a lie. Haha.

I’ll post this again. Fudsters and trolls say the market is in “fear” and/or “capitulation”. From this point of view, we are returning to the mean.

From the image you include, you can see the general market scenario. but in the cryptocurrency market the whales also play an important role, and such a scheme may be broken, because as we can see the market always seems to form new peaks, even though like in the previous year the price of bitcoin fell to $ 3500, until now.

I 100% agree because in regular markets those type of deals happen and it is a very long process but here we could have Elon musk type of very famous rich person coming out and saying they will buy 2 billion dollars worth of bitcoin for investment tomorrow and we will see 60k once again in a day. That is how easy it is to increase the price of bitcoin that quickly, however that is not really a solution is it? We should not expect that kind of change in crypto that quickly.

This is why I think we are talking about whales selling as well to balance it off, because just like how Elon did, they can be the cause of going up but they can be cause of going down as well. This is the type of situation we are in right now, bitcoin whales could make it go up or down but at the end of the day the "reason" why it goes up and down could be different but the trajectory is the same.

[shadow123]

Yes mate... I thought BTC never come again around 35k before reach it 100k. So i think this will be rise again soon . Most probably in this year end. So better to hold your funds without panic.

[BuNga_cute]

You're joking, right?

Do you think we were in despair in those 2 weeks of red?
Despair comes after months of decline when price goes close to the last ATH or to the 300 day MA. We are like half way there at the moment.

Experienced users won't be in despair even if the prices remain suppressed for two or three years. But he is talking about the majority of the cryptocurrency users, who entered the market after 2019. These people invested in Bitcoin (and other cryptocurrencies) as a result of FOMO, and are always vary about fluctuations. When they see the prices going down by 40% or 50% in a week, the decision is made to dump all the holdings and make the exit. The second group may hold on for a month or two, but if the correction extends beyond that, then they will also make their exit. And for the pre-2013 users like me, this present a great opportunity to accumulate coins at cheap rates.

I also believe that experienced investors may not be discouraged by market prices falling for a relatively long time, because they are used to
facing market conditions in any condition and can always be patient to be able to wait until the market rises again. Inexperienced investors will
indeed panic and sell their Bitcoin if the price suddenly drops in a week. Or some are even able to hold for a few months, after which they will also
exit the market. For early adopters like you who have been investing since 2013, definitely have experienced and will not panic seeing
the market conditions that have been down for several years. Even experienced investors when the price of Bitcoin dumped in 2018,
can survive by holding the Bitcoin they have until now. Therefore, if they see prices drop, what is on the mind of experienced investors is
the opportunity to buy coins at low prices.

[Renampun]

We exited the bear market earlier than everyone expected.

The prices might only start to surge from here. Many people said that the Korea FUD, the Elon FUD, and the China FUD will kill Bitcoin. But what it actually did was speed up a 3 year bear market into a 3 week bear market.

fud is no longer effective at destroying crypto...

day by day more and more people are getting into crypto especially now that defi is increasingly interested even by ordinary people. Crypto is getting stronger and stronger but fud is just an old, outdated trick.

[jaysabi]

We exited the bear market earlier than everyone expected.

The prices might only start to surge from here. Many people said that the Korea FUD, the Elon FUD, and the China FUD will kill Bitcoin. But what it actually did was speed up a 3 year bear market into a 3 week bear market.

You called this way too early, as the price continues to bounce around well in bear territory. First responder to your post called it a dead cat bounce and that's exactly what this has proven to be so far, as the tick up was immediately answered with a tick back down, despite some people's efforts to proclaim the bear market over. It's not.