Crypt0Gore (OP)
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June 11, 2021, 10:52:04 AM |
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We are slowing going into bear market and many still don't realize this because of those 10% gains which makes the market looks bullish again but looking at the big picture it's clear that bear are slowly taking over, am I wrong?
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el kaka22
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June 11, 2021, 06:49:42 PM |
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Well, we do not know if you are wrong or not. Nobody knows what is going to happen because if we did we would be acting accordingly. I always say this when people talk about the future price potential "if you KNOW what can happen, sell everything you have including your clothes, have ZERO possession and sell them all and long/short bitcoin with 100x leverage and you can be richer than you ever dreamed of and will never have to work again", why do people do not do that? Because nobody really knows what bitcoin will do.
Maybe you are right, maybe price will go down even more, maybe we will not recover, or maybe we will not do that bad, maybe we will go back up to over 40k and stay there, I really do not know what will happen because I just do not have any idea at all on what is going to happen. Act as if you know, get ready as if you have no idea.
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BIN-BIN
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June 11, 2021, 06:54:48 PM |
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The bear market has begun since the price of bitcoin dropped from $64k, that moment mark the beginning of the bear market. There may be some little gains but the bull run has ended.
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Yogee
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June 11, 2021, 07:01:53 PM |
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I still read some analysis that BTC hasn't peaked yet and it could happen in 2022. Most people predicted that the bullrun would end by the end of 2021 but it looks like BTC pumped prematurely which is why we're seeing this consolidation period. Let's wait how the chars play out by third quarter.
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bekti3
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June 11, 2021, 07:55:58 PM |
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I think from the start bitcoin bearish has started since then and the bull run I think has ended since then. but if you look at some of the controversies about the news that are currently rife, it is possible that btc will rise again, I think. now the most possible is to wait whether the third cural will be as expected or not ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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DoublerHunter
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June 11, 2021, 08:48:18 PM |
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We are slowing going into bear market and many still don't realize this because of those 10% gains which makes the market looks bullish again but looking at the big picture it's clear that bear are slowly taking over, am I wrong?
^ If you are looking at the big picture of the market price in just 24 hours or just a week on the chart, most likely that was you have been figure out the possible bear market. It could be not yet a bull market but sooner or later it will always have a chance that BTC will create again a new ATH. Invest in BTC and hold in a long period of time just like holding after 4 years when another history of halving will come for sure BTC price will rise again. Nevertheless, it is still unpredictable and no one could tell what will happen next, if you believe and trust BTC, then invest it but if you don't understand, just stay away or have further research.
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zonefloor
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June 11, 2021, 09:22:07 PM |
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Just as you have your fair share, there are parts that are unfair. It is difficult to predict when a bear or bull market will begin and end. But even at the bottom of the bear market, there were times when I made serious profits before the bull run started. Especially in this period, the ido process still continues at its old pace and these projects leave serious profits. In my opinion, the bear market has not really started. There are those who say the opposite. But lastly, there are very fast movements in these times and it is possible to turn these movements into opportunities and earn good money.
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Princejebs
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June 11, 2021, 10:22:01 PM |
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We are slowing going into bear market and many still don't realize this because of those 10% gains which makes the market looks bullish again but looking at the big picture it's clear that bear are slowly taking over, am I wrong?
Only the greedy ones still think bitcoin would go back to $60k by the end of this month because bitcoin was recognised as legal tender but I bet not. Some expert do say we need a lot of time to conclude if we the bear market has already began but the problem right now is, many who bought at all time high are stuck with their bag and all hoping to see their entry price so they can exit that's why it's becoming more and more difficult to go higher. Altcoins are bleeding every week
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dothebeats
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June 11, 2021, 10:37:44 PM |
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Cryptocurrencies have had a good run before all of this, and we all know that at some point the money has to flow towards something else. This is reasonable considering that for the last year, cryptocurrencies are doing extremely well despite other assets being dumpstered into oblivion. We might just be a little too in-denial of the current state of things, believing that we have encountered yet another setback but not entered a bear market.
Personally, I believe that this will continue on for months if not for a whole year. There will be some bounces here and there, though the momentum wouldn't be the same just like what we had just a year ago.
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newdevices
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June 11, 2021, 11:30:58 PM |
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We are slowing going into bear market and many still don't realize this because of those 10% gains which makes the market looks bullish again but looking at the big picture it's clear that bear are slowly taking over, am I wrong?
The bears seem to be taking over now, but 100% of the bears haven't arrived yet, there's no sign of the cycle changing yet, so far it's still bullish in my view, but I don't know if the cycle changes in the next few days, so don't be too pushy, enjoy it your trading results
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Luqman
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June 11, 2021, 11:35:32 PM |
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We don't know the future. And whether we have made some prediction to several months later based on indicators or technical analysis, it may be wrong because there are big powers behind the crypto market that can really give a certain impact on the price. So far, we don't know how the market chart will be ongoing some hours later. The price is really volatile. And we are still expecting to meet the bullish season again.
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tabas
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June 11, 2021, 11:38:43 PM |
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We are slowing going into bear market and many still don't realize this because of those 10% gains which makes the market looks bullish again but looking at the big picture it's clear that bear are slowly taking over, am I wrong?
You're entitled to that opinion and I've seen many people speculating that we're already in the bear market. No one is wrong with you guys and also with the people that say that we're still bullish. With enough gains that we've got for the past month and when it has reached the peak, we're clearly seeing the good stance of the market within less than a year.
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Reosta_
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June 11, 2021, 11:38:47 PM |
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Yes, we don't have the clearest idea about what could happen in even the near future. We just try to observe the movements of the prices well and act according to it. I think it seems like still we haven't left the bull market behind.
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cabron
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June 12, 2021, 12:02:39 AM |
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With so many countries and banks considering Bitcoin, it only looks very bullish in some ways. Many of the big investors want the price to dip so there are fud circulating. If the market goes to bear I guess the big investors could easily get more BTC with discounts. The hodlers are not blind to see that the market is going to go up soon that's why there is no breaking of the support lines.
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Teraboy
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June 12, 2021, 12:15:40 AM |
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You may wrong about this. if you are seeing the overall marrket look like bearish but FA is having a very strong impact to the crypto trend. The bearish trend that happened with the bitcoin can be reversed instantly with the legal tender news from the salvador and indian news to consider crypto as assets. that means if the bearish can become the bullish anytime and otherwise bullish can turn into the bearish anytime as long as there would be a news that can affect the market.
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topbitcoin
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June 12, 2021, 01:45:38 AM |
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We are slowing going into bear market and many still don't realize this because of those 10% gains which makes the market looks bullish again but looking at the big picture it's clear that bear are slowly taking over, am I wrong?
Maybe indicator for some people is different each other. If me i think still too early to confirm if it is bear market. But honestly i am not a guy who tell people "hey i think it is bear market" because i not want people to blame me. Usually i save my analysis for myself.
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Psynthax
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June 12, 2021, 01:51:16 AM |
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What kind of a big picture you're looking at? some people said we're bullish, some said we're bearish, there's too many different opinion influencing the market, some even said that if the correction is above 50% that means it's accumulating for the next pump but no one knows of course. If bearish could be predicted that easily same with bullish, everyone would be a bill gate, sometime the market stray away from technical analysis pattern, people seeing the market and speculate it as bullish doesn't mean they are too blind to see.
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Dread Pirate Roberts
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June 12, 2021, 04:18:30 AM |
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We are slowing going into bear market and many still don't realize this because of those 10% gains which makes the market looks bullish again but looking at the big picture it's clear that bear are slowly taking over, am I wrong?
I think everyone has realized that too . from 60 to 30+ and and not stable at this price and many daily moments the price starts to fall without any bad news this is indeed testing buy support at 30k. precisely moments like this is the right time for short trading or buy more .
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TastyChillySauce00
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June 12, 2021, 04:23:48 AM |
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Maybe we're in bearish, or maybe we're just in a really big correction that could recover back to ATH, but one thing for sure though, if we're in bearish and the price of bitcoin stays above $30K that means in the future when bullish come we gonna reach $100K for sure, the dumping also doesn't seem to bad as in 2018 either, if we're really in bear market, It will go back down below $20K after all our market filled with many other things not just cryptocurrencies but also decentralized apps that's trending. our market gonna live for long.
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maydna
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June 12, 2021, 05:20:17 AM |
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After seeing what happened to the market from January-June, I think we can be in this situation until the end of this year. Since the last month, the price is not moving too high or low and tends to make a horizontal line, and if that happens for this month, bitcoin can be at a sideways that make us prepare for the next thing that can happen later.
At this moment, it is better to make more usdt so when the price suddenly, you can buy it.
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