The bull market still exists

[Henrobakkara]

Anyway, I still seeing the market to stay at a bullish level even without Elon Musk, even without such manipulation stuff.

But we must admit that Elon Musk and the manipulation really give a direct impact on the trend of crypto market. After FUDs made by Elon Musk and other negative issues were spreading from China and the USA, crypto market experienced a huge dump. It showed us that those have big power to influence crypto market.

That probably there is another another Bullrun will come and we never know yet, might be 3-4 years from now, or earlier than that.

Indeed. Even if there is a schedule of Bitcoin halving, but basically we don't really know when the bullrun or bearish to come and go. We only have some predictions about them. Since crypto market is unpredictable, there is no exact time for bullrun or bearish.

Yes, they all must have had their own impact on the crypto market falling fast but to me, we must understand that, the market was already in a correction more and this dip was imminent anyway. The drop would have been slower and might have taken longer than the number of days it took to get to $30k from $60k but as you said, Elon Musk and the rest of them made it faster but the market is still majorly in the Bull trend and will see a new ATH in 2021.

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[bittraffic]

I don't feel the bull market has ended, the loose hands sold their holdings but the sentiment is not completely negative yet. BTC showing good support at the 30k$ and it looks like we are safe until there is a strong selling at that point. The bull market still exists but we might see more bleeding on the alts.

It's a confusing time because the price is just playing around at the bottom of the daily chart. Zooming out to the weekly chart is has not dipped to its bottom yet. So this is where an investor will have confusion where they'd dive into crypto or will just wait for what will happen next. The next group of investors will be watching things carefully because they don't want to hold coins that are completely being dumped by the previous investors.

[kotajikikox]

The market comes critically now mate as the whole system is again in red flood

https://coinmarketcap.com/

And now we are expecting a drop to below 30k finally , and if does happen then i will surely have my shopping spree at last.

for months i've been waiting for this chance to see the Bearish market for a chance to buy more again readying for the end year bull.

Bitcoin:
Is it possible to rebound?
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Fool no one man, why need to PM you when you can just drop it here? meaning you are asking for Payments? lol established your name first before we truly believe you.

[veznata]

it's nothing new this time. just need to be patient. we are at consolidation phase. we all know what is next. personally I beleive we will not see such huge price jumps as previous cycles but anyway 6-digits are close. this graphic is very good:
https://ibb.co/XCJ7Fnh

[fileo]

I also believe that bull market remain existing. As long as 2021 is not over there is always a possibility to cross the $60k mark of BTC. Although today the market seems dangerous in falling but it could not be in declining momentum. Maybe in July or August we can see the market in green again. This season maybe just in summer time drought.

[clippers]

Due to the advent of China’s new policy, the price of Bitcoin has fallen again

After 519, the Futures and Margin in the market were basically emptied.

China prohibits mining, forcing miners to sell their bitcoins to repay the debt of buying mining machines.

China has introduced a policy to prohibit OTC transactions, forcing retail investors to cut meat and sell Bitcoin.

If the Chinese government does not purchase bitcoins on its own, these bitcoins will eventually flow to institutions and bookmakers. Futures-miners-retail investors, this is a planned activity to snatch our Bitcoin.

[koang]

Due to the advent of China’s new policy, the price of Bitcoin has fallen again

After 519, the Futures and Margin in the market were basically emptied.

China prohibits mining, forcing miners to sell their bitcoins to repay the debt of buying mining machines.

China has introduced a policy to prohibit OTC transactions, forcing retail investors to cut meat and sell Bitcoin.

If the Chinese government does not purchase bitcoins on its own, these bitcoins will eventually flow to institutions and bookmakers. Futures-miners-retail investors, this is a planned activity to snatch our Bitcoin.

This is a game,  It's a quicksand spectrum with manipulative characteristics that was created by evil members bank system
Bitcoin is on the brink of mass adoption, huge amounts of money is about to enter the market,
and many buyers down there just waiting for a piece of the pie next time around.
This isn’t bearish it’s actually a long term bullish

[karanggatak]

yes you are right the bull market still exists today when viewed from the past few years, the 4-year bitcoin pattern before the halving always experiences a significant increase from 4 years ago if the market currently looks crashing but try to compare it with several years ago or the halving event last year, the price of bitcoin was still very high compared to last year so if you really have a strong investment desire it's not wrong if we hold it up to $100k, I'm sure it will happen someday. if not this year maybe the next halving bitcoin could reach that price.

[pinoycash]

Yes, despite the fact that the price has fallen, the bulls still exist.

We can assume that we are now entering another bear season and bull season is finally over, this will be another year long crypto winter where in everything is stagnant and stop moving. So the best thing to do while the bull is powering up is to accumulate as much as you can.

[genolica]

We didn't leave the bull market, actually. You may some details here at coindesk: https://www.coindesk.com/bitcoin-bull-market-end-mrb-partners

[iamTrafficMaster]

I still believe that bitcoin will go 100k $ , there are a lot of reasons. institutional investors have traditionally been vary active according to crypto. If Ilon Musk does't do negative ads for crypto it's already been 100k

[KevinRosa]

As an encrypted asset, Bitcoin has three major elements: financial, industrial, and technological attributes. At the same time, it has been highly financialized. Therefore, it is highly probable that it will not be able to get rid of the "cyclical" financial law, which means that "if it rises, it falls." I agree with you that the bull market is still there, and it is still fluctuating in a range, which looks very torturous. It does torture people. The rainbow chart actually gives us a time period of data guidance, and does not represent a certain rule. It is still very good as a reference. In addition to technical reasons, I personally believe in Bitcoin. , I think it will exceed 100,000 US dollars in March 2022.

[CryptoStar19]

If it's August and we are still at this range, I'd be more worried (that the bull market is over) -- for now hope remains.

[Digital_Lord]

BTC underperformed & everyone started to rationally sell or their stoplosses kicked in when we fell from $65k to $55k.  BTC didnt recover bc it was overbought.

This was obvious, in advance, if you used simple EMA, MA and RSI indicators as well as noticed how volume fell to the lowest in years at the peak.

While some took profits, it wasnt really what you think -- bc there were almost no Buyers for bitcoin at $64K.

This can be proven.

People want to blame manipulation but the simple fact is that nothing can rise exponentially forever endlessly on LEVERAGE without the Bills coming due.

Besides once 80% of the market is Leveraged "long" -- anyone -- you, me, whales, will "short" it bc of how valuable liquidity is.

Markets need liquidity.

Otherwise noone can trade.

[teosanru]

At present, the market value of Bitcoin has returned to more than 46%, which is a sign that the margin ratio has decreased, the bubble has burst, and the market is accumulating power.

And I think we are currently in a century-long bull market in Bitcoin. In the short term, we are in a technical bear market after a major correction.

I think that meeting two conditions can determine that Bitcoin is in a bear market. 1. The price of Bitcoin must fall by about 80%, and the high point created by the bull market cannot be broken before the next cycle. 2. The lowest price in a bear market should not be lower than the highest price in the previous bull market.

At the end of 2017, the highest price of Bitcoin was $20,000, and if the current maximum price of 65,000 is calculated, when the price drops by 80%, the price of Bitcoin should be $13,000. And this obviously fell below the highest price of the previous bull market.

These two points can be confirmed in the Bitcoin rainbow chart：https://www.blockchaincenter.net/bitcoin-rainbow-chart/

Four years have passed, unless you think that Bitcoin has not improved in the past few years, the computing power has not increased, the number of users has not increased, and the consensus has not been strengthened. Otherwise, you don't need to worry that Bitcoin will be less than $20,000. Compared with the increase in value, the current price is simply a sales promotion.

The consensus on cryptocurrency is still expanding, and there emerged the first country in the world treating Bitcoin as its fiat. Bitcoin's network has withstood the impact, and the computing power of the entire network has only dropped from 160E to 120E (compared to less than 15E when it was 20,000 dollars high before the end of 2017). Bitcoin's core technology is developing steadily. One of the most significant upgrades this year, Taproot technology has been confirmed by more than 90% of miners and will be officially launched in November. Bitcoin's old friend, the Federal Reserve, is likely to continue to maintain quantitative easing. All this shows that the bull market still exists.

Please be sure not to sell your Bitcoin when the price is less than 100,000 USD.

I won't say this is a sign of a bull market. You see the Bull market is defined as a long run of any stock or commodity by breaking new highs each day. At this point of time BTC is stuck in flux or a range between 30k to 40k whenever it crosses above 40k the sellers kick in and whenever it tries to go below 28k the buyers kick in. So this is a sideways market trend when you see this in terms of price. But seeing this in terms of adoption, it's really a good time for bitcoin, in fact the stability of price is making it much more reputable and with countries making it legal tender it's becoming much stronger in terms of retail buy-in which means it won't be easy for whales to manipulate the market.

[Murtaza345]

Yes it can exists , because dump happened only one bad news which was  from china .now you can see the maket .Its increasing slowly slowly when up and down but last few days maket  going bulish.And there are also good news are upcoming about bitcoin,so you can see may be some days maybe some end of this year or maybe early of 2022 market will be bullish .

[Distinctin]

Yes it can exists , because dump happened only one bad news which was  from china .

That's one of the big reasons, we all know that, however, we have to understand that a bull run is not a permanent market situation, it will always end and the correction will always come, so even if there's no bad news, the market is always due for a correction already.

now you can see the market .Its increasing slowly slowly when up and down but last few days maket  going bulish.And there are also good news are upcoming about bitcoin,so you can see may be some days maybe some end of this year or maybe early of 2022 market will be bullish .

It's increasing but that's just only a little bounce back, if we look at the big picture, we are not seeing a bullish market, instead it's already a bearish market.