The bull market still exists

[Kemarit]

It's really profitable to invest in bitcoin. If you buy at a lower price then just hold and wait the time it will pump, you will surely earn profit. The bull market is not yet over, although there's a market correction, it doesn't mean that the bull run is already end.

Timing is the key here, that's why you will hear a lot of FUD, because they wanted to bring the price close to ceiling and then buy tons of Bitcoin.

The Fed's FOMC concluded that it will not increase the interest rate, and inflation has not run out of control. The three major conditions of this bull market, over-issuance of the U.S. dollar, institutional buying and the addition of countries are still continuing.

I haven't check the news, so if this is true then I will say that this is good news at least.

The bull market continues, and now that you can hold onto the low price of Bitcoin, you can enjoy the price spree in a few months.

Definitely, we just need to remain calm, bull market can appear anytime specially in the last quarter of this year.

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[FIFA worldcup]

Do you doubt that the bull market still exists?

As long as we are over 27,000$, i think the bull market exists. Obviously we do not want to dump too far that recovery from there gets impossible in shorter time frame. Bitcoin has been trying to break the resistance at 40-42K but failed multiple times. I am waiting for bulls to make a daily close over 42,000$.

[imstillthebest]

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

not sure about the computing power and consensus if there was a major changes with them but im pretty sure that the number of users has increased because more countries are now open to bitcoin and there are even countries that made bitcoin as a legal tender .
 the increase in the btc price is another proof and you cant dictate people if when will they sell but each of us has thier own selling threshold .

[dansus021]

after looking your rainbow chart bitcoin net yet touch the red one so bullish market still exist maybe january february pump not because the halving but because some company joined bitcoin the real bull still not show up yet

[apityeh71]

I try to predict the bull market will exists or ended by make analysis the growing of total marketcap in 2016 to 2017 with 2020 to 2021. From the charting of total market cap, in this both periode show from the beginning of 2016 to the end of 2017 the total marketcap growing up to 100x but from 2020 till this date the marketcap growing below 20x. That mean the bull market have high probability to exist again.

[zanezane]

Totally agree with you, it just depend how patience we are. If we patience enough to wait i think it will be easy for BTC to reach more than $100k and i believe in the end of this year Btc will reach that price.

Too early to say that it will reach that point because we know that bitcoin still has a lot of number to pass through before 100k although there's still a lot of time, we don't know what's in store for bitcoin, maybe a big bad news might make it go down much lower. I think we never left the bull market because it's still doing fine.

[Lordhermes]

Bitcoin will definitely hit $100k or more before the end of the year. The present price of Bitcoin is an opportunity for Bitcoin investor to buy before it rises. And those who will be patience enough to hold up to their Bitcoin still it rises, will sell at a high price and probably make a huge profit. I will advise, we buy more Bitcoin now, at a lower price.

[isaac_clarke22]

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Yep, too early though I like the optimism on that.
We're getting a lot of FUDs recently so a nice optimistic from some other Bitcoiners would be great.
First we gotta hit 80k-85k-ish first before we can say truly that it is about to approach that said price.

[ethereumhunter]

Totally agree with you, it just depend how patience we are. If we patience enough to wait i think it will be easy for BTC to reach more than $100k and i believe in the end of this year Btc will reach that price.

Yes, it is about how we can be patient to wait for the next bull run. The price is not going down below $30k, and hopefully, it will not go down and if the price still stays at the current price, there is a chance that the bull run will come later. But I doubt it will be easy for bitcoin to increase more than $100k in the near because that will depend on how big support for bitcoin. After all, nowadays, bitcoin is not full of support from many big countries. Maybe it still needs more time for bitcoin to break $75k and then increase to $100k.

[Sled]

Bitcoin will definitely hit $100k or more before the end of the year.

Well, I hope so but you can't be assured of that. It is only just a presumption...

The present price of Bitcoin is an opportunity for Bitcoin investor to buy before it rises. And those who will be patience enough to hold up to their Bitcoin still it rises, will sell at a high price and probably make a huge profit. I will advise, we buy more Bitcoin now, at a lower price.

It was a piece of good advice I know but also we need to analyze the market, we don't need to rush as the result might be different and sometimes regret.
Maybe I have to wait during the weekend as I observe that the price drop during those days.

[Oasisman]

The present price of Bitcoin is an opportunity for Bitcoin investor to buy before it rises. And those who will be patience enough to hold up to their Bitcoin still it rises, will sell at a high price and probably make a huge profit. I will advise, we buy more Bitcoin now, at a lower price.

It was a piece of good advice I know but also we need to analyze the market, we don't need to rush as the result might be different and sometimes regret.
Maybe I have to wait during the weekend as I observe that the price drop during those days.

At the current Btc price range, it's a good price to accumulate. You might not want to miss the dip, who knows Bitcoin will bounce back to $50,000 in the next few days. Though the current Btc price is still considered bullish, but it's actually a good cut since the last ATH.
If you were able to buy during the weekends in a much lower price, then thats better.

[zanezane]

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Yep, too early though I like the optimism on that.
We're getting a lot of FUDs recently so a nice optimistic from some other Bitcoiners would be great.
First we gotta hit 80k-85k-ish first before we can say truly that it is about to approach that said price.

Nothing bad with being optimist, the real problem is the over optimism that they sometimes have their expectations get destroyed when it happens but not the way they think.

[serjent05]

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.

Do you think that those are the official conditions in which a bear market can exist?
To me,a bear market is simply when the prices are dropping.It doesn't matter with what percentage and for how long.It doesn't matter if the lowest price of the bear market is lower than an ATH or the highest price in a bull market.The fact that the Bitcoin price dropped by 80% from it's 2017 ATH doesn't mean that the Bitcoin price will drop by 80% from it's 2021 ATH.We should stop making historical comparisons.

I think the bear market is not simply the decline of price but rather involves the people's sentiments such as the selling pressure is too much that the price continues to fall.  Aside from that holders are forced to sell because of the dropping price.  That tells a bear market.  Anyway, I also think that the bear market never goes away it just becomes dormant because the bull market is very active and as of the current trend, I still believe we would see another ATH before the Bull season of this cycle ends.

[Cling18]

~

Yep, too early though I like the optimism on that.
We're getting a lot of FUDs recently so a nice optimistic from some other Bitcoiners would be great.
First we gotta hit 80k-85k-ish first before we can say truly that it is about to approach that said price.

Nothing bad with being optimist, the real problem is the over optimism that they sometimes have their expectations get destroyed when it happens but not the way they think.

When we invest in crypto, having a positive mindset has a huge impact on our decisions. Being too negative or always expecting the worst-case scenario could only attract negativity as well. Looking forward to the best things to happen is still a good thing and it doesn't mean that we're expecting too much. We are what we think especially in investing. 

[Kittygalore]

In my opinion, the sudden drop of bitcoin didn't really indicate that we even left the bull market in the first place, the FUD spreader are just loud at that time that we were worried.

[zanezane]

~

When we invest in crypto, having a positive mindset has a huge impact on our decisions. Being too negative or always expecting the worst-case scenario could only attract negativity as well. Looking forward to the best things to happen is still a good thing and it doesn't mean that we're expecting too much. We are what we think especially in investing. 

It's a must when you are investing, being the opposite which is pessimist will yield you paranoia results that sometimes is right but most of the time results in losses.

[perryxi2]

The analysis is very good, but I think the price of BTC will stay flat for a long time, because the market is in a reversal phase, many projects have not created a great attraction from the market.

[CryptoStar19]

the bull market is still there completely, I still believe in that and I think that's a good and useful thing. see bitcoin at $40k but to get to a higher price, it still takes a lot of steps. although it's going slowly but the optimism for bitcoin to rise will come soon

I agree. In fact I feel that consolidation at these levels for a period of time might be a good thing in the sense that the longer we consolidate at these levels, the higher the potential for the next leg up will be. I also believe the bull market is in tact, that the time-frame for prices to reach ATHs again is going to be late 2021 to early 2022.

[Tahsin Kabir Kollol]

Yes, of course, you can say that there is still an upward trend in the market. After the market price rises to a certain height, it naturally goes down a bit and seeks to regain its growth. At the present time, we are able to notice this. Cryptocurrency prices are repeatedly falling and trying to rise again. In this situation it can be said that the market is currently on an upward trend and if this trend continues the market will be able to go back to the previous place.

[henmark]

A lot of things have changed. I expected Bitcoin to fall after going as high as $50,000 or more than that, but not as low as $13,000 like you have said. My reason for saying that is because the market is now bigger than what it is was back then, we now have big institutions investing huge amount of money everyday in the market and helping to push it up. There are billionaires now buying Bitcoin and even the slightest decrease in price, to them it’s an opportunity to buy more and more.

So there are big changes now, but that doesn’t mean the market is not bearish. Maybe it’s not bearish at this rate? But I wouldn’t say that it is bullish as well, if what you call bullish is it moving to $100,000 from the current price.