Bearish movement on the way?

[janggernaut]

We've literally been in the bearish movement for weeks. The bull market is over, and there will never be a recovery. This is THE bear market.

Bull market isn't over if you looking the chart from this early year until now. We are still up more than 100% from that, but if you are taking the chart from ATH which was $64,xxx surely we already on bear market right now. Depends from you, you can sell your btc right now and wait until it reached the bottom or just HODL amd buy every dip as much as you can

[Wexnident]

It's not really a dump-ish pattern, more like just a correction period instead. Granted that a small dump here and there due to FUDS happening isn't unlikely, it isn't the main reason as to why the price went down from $50k. Besides, realistically speaking, the only thing supporting BTC up on $40-$50k above was the hype, the travel that it went from $10k or so to $40k in around 4,5 months. The correction was bound to happen sooner or later. It's like seeing something standing atop of a visibly feeble foundation, which, however, stands on a sturdy one. So if it falls it won't go down completely.

[ipanks]

We've literally been in the bearish movement for weeks. The bull market is over, and there will never be a recovery. This is THE bear market.

If that so, prepare for the other lower price. You can buy many bitcoin this time so you need to make sure you are ready with your wanting price and place it right now before the price is down. Maybe you can set a much lower price to buy bitcoin and do not buy at once because we do not know how deep the price will down.
I am sure there will be a time for the price to recover, which can happen this year or next year.

[proudhon]

We've literally been in the bearish movement for weeks. The bull market is over, and there will never be a recovery. This is THE bear market.

If that so, prepare for the other lower price. You can buy many bitcoin this time so you need to make sure you are ready with your wanting price and place it right now before the price is down. Maybe you can set a much lower price to buy bitcoin and do not buy at once because we do not know how deep the price will down.
I am sure there will be a time for the price to recover, which can happen this year or next year.

I don't want to buy bitcoin. Bitcoin is dead.

[OROBTC]

We've literally been in the bearish movement for weeks. The bull market is over, and there will never be a recovery. This is THE bear market.

If that so, prepare for the other lower price. You can buy many bitcoin this time so you need to make sure you are ready with your wanting price and place it right now before the price is down. Maybe you can set a much lower price to buy bitcoin and do not buy at once because we do not know how deep the price will down.
I am sure there will be a time for the price to recover, which can happen this year or next year.

I don't want to buy bitcoin. Bitcoin is dead.

Gold.  Physical gold only, stored under your personal control, backed by lead and lead projection devices.

Merited for relentlessness.

[stompix]

There are many resistance above $36k and volume is also low to make a reveral to bullish sentiment but when it goes below to $35k it quickly bounces in just a short amount of time.

One day later....
This is why predictions should be made without involving numbers..
It might go down and it might go up, at least with this you have a 50/50 chance of getting it right when you're doing it with 36,35,34,32,21 you might get it wrong twenty times in a single phrase. 

It's not really a dump-ish pattern, more like just a correction period instead. Granted that a small dump here and there due to FUDS happening isn't unlikely, it isn't the main reason as to why the price went down from $50k.

It went down from 64k less than two months ago, and it's now less than half of that, if this is a "correction" I wonder what's a dump pattern in your view? Sub 100?

I don't believe that the news about the seized Bitcoins from the Colonial ransomware hackers created panic on the market,but it seems that this news have some impact over the Bitcoin price.

No, it's not that alone. That news would not make any waves in the bitcoin community now it would matter to investors, the problem is that the momentum was lost when Musk decided to crap on it and the other is that the momentum itself was half created by Tesla, no matter what deniers want to say, the moment of the announcement we jumped 10k in a single day from 36k. We're back below those levels and everyone is cautious, everyone is waiting for something, hell, even the mempool is empty, like a true bearish hibernation scenario when we need something really solid to rock the markets again. We only need a spark but, everything misfires at the moment.

[LUCKMCFLY]

For now there is a value down, it does not mean that it is going to fall much more than $ 20k, but it is seen that many are entering Short:

Bitcoin has suffered from downside over recent days despite "feel-good" news stories from the Bitcoin 2021 conference, including adoption in Latin America.

Now, after BTC/USD lost 9% overnight, attention is turning not to a recovery but to a deeper price dip to test hodlers' "diamond hands."

According to Cobra Crypto, the size of the capitulation will cost the $30,000 support that remained during the May retracement.

"Absolute carnage within next 5 days or you can tell me how wrong I was," he wrote on June 4.

Source: https://cointelegraph.com/news/bitcoin-will-dip-to-25k-if-this-trader-s-20-crypto-crash-forecast-comes-true

For now it is a clearly bearish feeling, but you have to see that investors may be waiting for the ideal time to buy in the DIP, the lowest the price more buy the Hodlers, I think this correction is strong, but recovery at any time It can occur.

[FanEagle]

Everyone is afraid of an upcoming dump, and here I am excited about it! I mean I do have some money in crypto obviously and when the price goes down I am sad about it, but I know that I will be able to buy cheaper and when it goes up I will be richer. That is the only thing I care about, making more money and I already cashed out the amount I need to survive living, that is the important part because you should never put money you need in crypto or in any other investment, but when you do not have any type of problem with the money in the crypto world, you do not have to withdraw it and all?

In that case drops are good because it can never go up forever, it has to go up but then down however it will then go up again, so we had the up, we got lucky, I sold a few, then I will buy some more at bottom and then sell at the top, this is how you make a profit.

[Reid]

Yes, lightning never strikes back in the same place.
It could be different this year.
I do believe Bitcoin already gained too much and it wouldn't hurt so much even if a bear market happens again. Although I don't really like the idea.
The sooner the value of it getting stronger the better. Bitcoin dominance should stay at its place and cannot be overtaken by any coins or the balance will be tilted.
I think it's just resting because even with all the FUD's that had been spread it doesn't let go of $30k.

[gabbie2010]

The price had bottomed at $30K+ thrice an indication that the bears couldn't break the support at that zone however that does not mark the end of the bearish run. There is no clear signal of the bulls taking over the market, we can continue to buy at dip while Traders can scalp the market to earn some profits, I hope the bearish sentiment end now because the market had experienced a turbulence period which like a survival of the fittest.

[btc_angela]

The price had bottomed at $30K+ thrice an indication that the bears couldn't break the support at that zone however that does not mark the end of the bearish run. There is no clear signal of the bulls taking over the market, we can continue to buy at dip while Traders can scalp the market to earn some profits, I hope the bearish sentiment end now because the market had experienced a turbulence period which like a survival of the fittest.

We have recovered from that near $20'ish, the price seems to be bouncing to $36k and a huge gain at 13% or more in a day. This might not be a clear signal that the bulls are back, but at least we know that at anytime, the market can spike again. I can't remember the last time we have this kind of increase in a day, so it's a indication that at least the bears are not in full cruise control.

The price to watch is $40k, this is the big wall in front of us. If this is broken, I would say that the bulls is likely have control of the market again, so let's see.

[SquallLeonhart]

The price had bottomed at $30K+ thrice an indication that the bears couldn't break the support at that zone however that does not mark the end of the bearish run. There is no clear signal of the bulls taking over the market, we can continue to buy at dip while Traders can scalp the market to earn some profits, I hope the bearish sentiment end now because the market had experienced a turbulence period which like a survival of the fittest.

That is basically what the previous situation was like as well. Back in the day we broke over our ath and reached 20k, but we dropped to like 3k levels, which means it was around 2x of the previous ath, our previous ATH was 20k, and now we are under 40k but we are doing fine, over 30k, so it is "about" the same. You do not drop under previous ATH after you reach to a new ATH, that is how the bitcoin bull runs have been like for the past 7 years or so and I believe it will continue to be the same.

I hate to create these type of patterns I just made because I think bitcoin does whatever bitcoin wants and there is no pattern but when you look closely you will see that even if not patterns there is a good amount of hope and agreement in people that causes these type of things. Like maybe we will reach 200k or so next run and be over 100k even when we fall type of things.

[Marvelman]

For now it is a clearly bearish feeling, but you have to see that investors may be waiting for the ideal time to buy in the DIP, the lowest the price more buy the Hodlers, I think this correction is strong, but recovery at any time It can occur.

Well, yesterday's dump has completely recovered. Today BTC pumping hard and made a high of $36,700 and is now back where we were 2 days ago, so lets see if BTC can hold and turn these levels into support.

We've literally been in the bearish movement for weeks. The bull market is over, and there will never be a recovery. This is THE bear market.

Wait, let me guess. Science and math?

[proudhon]

We've literally been in the bearish movement for weeks. The bull market is over, and there will never be a recovery. This is THE bear market.

Wait, let me guess. Science and math?

Precisely

[Silberman]

Quite evident that BTC chart plots a flag pattern after a strong dump, not really a bullish signal and this worries me a little bit.

P.S: I took a look at the 2018 run, I've noticed that a very similar triangular formation was been plotted, followed by another bearish movement; I know that history doesn't necessarily repeats itself on this market, but I still found this interesting

The possibility cannot be discarded, even if I do not think we are in a bear market yet if I am wrong then it is obvious that an even further reduction in the price of bitcoin may follow, however I think that what it is happening is that the whales are slowly accumulating coins and they are in no hurry to make the price to go up in value and they may even let it go even lower than the current levels just so they can get even more coins for their fiat.

[Marvelman]

We've literally been in the bearish movement for weeks. The bull market is over, and there will never be a recovery. This is THE bear market.

Wait, let me guess. Science and math?

Precisely

Would you like to put money on it? It would be my pleasure to bet with you. 

[DarkIT]

Quite evident that BTC chart plots a flag pattern after a strong dump, not really a bullish signal and this worries me a little bit.

P.S: I took a look at the 2018 run, I've noticed that a very similar triangular formation was been plotted, followed by another bearish movement; I know that history doesn't necessarily repeats itself on this market, but I still found this interesting

Bullish market is good one for the investors.Because they can get the profit from it.They may lose huge money from the old trading.It may happened by the bearish market movement.The traders should not think huge and lose the profit earning chances.Bearish and bullish market will happen simultaneously.Don't worry at the good times.

[lepbagong]

Bullish market is good one for the investors.Because they can get the profit from it.They may lose huge money from the old trading.It may happened by the bearish market movement.The traders should not think huge and lose the profit earning chances.Bearish and bullish market will happen simultaneously.Don't worry at the good times.

what you say may be true but some may not say it's good, because it just depends on the situation someone has experienced in the past, so it can't be taken and beaten all the same.

right now we are experiencing bearish and that is a common thing in crypto, bullish or bearish is something that will be experienced and it just depends on how we prepare with good analysis so that big losses do not occur.

but the market is still good especially when viewed from bitcoin which is quite stable during this month and he is starting to prepare for an increase and it does take time because it will go down and up, in time there will be a jump that bitcoin makes to continue to increase until the end of this year.

[rodskee]

Quite evident that BTC chart plots a flag pattern after a strong dump, not really a bullish signal and this worries me a little bit.

P.S: I took a look at the 2018 run, I've noticed that a very similar triangular formation was been plotted, followed by another bearish movement; I know that history doesn't necessarily repeats itself on this market, but I still found this interesting

is this the bearish that you are talking about?

https://coinmarketcap.com/

I don't think we can call this as Bearish mate after more than a week of your post.

Triangular ? you should share the graph here for formal checking .

because i believe that you are only Fudding here lol.

The price had bottomed at $30K+ thrice an indication that the bears couldn't break the support at that zone however that does not mark the end of the bearish run. There is no clear signal of the bulls taking over the market, we can continue to buy at dip while Traders can scalp the market to earn some profits, I hope the bearish sentiment end now because the market had experienced a turbulence period which like a survival of the fittest.

exactly that is the bottom and now climbing back to the top so there is no bearish coming.

[bitcub]

A good analyst predicted that when Bitcoin doesn't above $30k before July 1, 2021, then Bitcoin will have a long beark market until it reached $14k. BUT if Bitcoin is above $30k before July 1. Then we have a wonderful long bullrun for Bitcoin!