Are you bullish or bearish this year?

[Hypnosis00]

the market making a new record of capitalization does not justify anything but the level of demand and supply is what matters. However, I expect the market to be bullish and dump sometime till October before correction happens that's if the market still replicates the old halving trend.

I think the correction already happened, Bitcoin pump to a new ATH of $64k and then it dumped to $28k, I guess it's already a big correction that the market has to suffer. Now that the market is bullish, we don't expect it to dump below $30k again, at least for a while as we never know what lies ahead.

When the market is bullish (both altcoins and bitcoin), it's hard to predict as there's no ceiling.

Maybe we could face another huge correction happens again, $44k will drop $20k, which isn't impossible but we never think that way since we are more focused on the possible new ATH.

Most of the time we have a huge rally in the 4th quarter, let's wait how the market behaving that time because for now, we are purely making speculation which is either right or wrong. Well, I hope we got a good surprise, even though we aren't reaching back to $60k at least we sustain the bullish price for how many months.

[STT]

Hard not to be bullish for this whole year, it doesnt have to keep doubling but just staying in the region of these highs is really positive overall in my reckoning.  Continuing to navigate this range increases volume done and ultimately its a positive that very likely builds if not this year then later on.   For the moment I still dont think its about to move higher but just the idea it might is whats so bullish after it has already gained so much.

[Baihaki Khaizan]

The recent movement of bitcoin has shown good performance. The flagship child of this cryptocurrency seems to be in a positive trend.

so in my opinion, until the end of the year, crypto assets (bitcoins and altcoins) are predicted to still be bullish.

[Rasa nanas]

I think we are in a bullish market dimension. it's not like 2017 where investors invest only based on hype without knowing what they are investing in, and when the price drops there is a huge panic among new investors which creates a long bear market. but now investors are smarter and understand the crypto market.

The bear market that took place after bitcoin hit ATH in 2017 had a pretty long run. The bear market lasted about 2 years and caused bitcoin to lose most of its price. Yesterday's bear market was quite short and bitcoin only lost 50% of its high price. after that the bitcoin price recovered and prepared to hit a much higher ATH. once the higher ATH is reached, I'm pretty sure a bear market like 2018 will happen again.

[blue_nexus15]

At first I was Bullish but am now turning bearish this year. The market had such a good run with the Trump administration.
Also, the corona virus lockdowns attracted many new retail traders to jump into the market and many stocks are significantly overvalued.
I suspect the market will have a correction in the coming year.

Covid is just one of the reasons that positively affects the market, but the problem is that the world's central banks continue to print money massively, making people feel disrespected.  and it is a sign that sovereignty and democracy are gradually being degraded and controlled, and the government has given up on it.  It was the last drop of water that opened the optimistic trend of the market throughout many years.  The crypto rally is just getting started and we should see more ATH levels continue to move up this year.

[peter0425]

With the roller-coaster price movement this year, I like to know if what you think about this year's market condition overall.

Are you still bullish despite the huge dump from ATH, or do you think the market will be bearish throughout?

Share your thoughts and what's your basis, it will help everyone to decide.

It is not fair asking this question after the middle of the year lol, People had already saw the highest price Bitcoin ever had so obviously majority of voters are bullish.
but if you had given this in january ? i think there are changes in each stand as the value of bitcoin may turn another way from the last year pump.
i also voted for bullish because i still have coins bought in december meaning still on good growth though i missed the chance selling back last 64k value.

[jostorres]

With the roller-coaster price movement this year, I like to know if what you think about this year's market condition overall.

Are you still bullish despite the huge dump from ATH, or do you think the market will be bearish throughout?

I have watched all the drama of bitcoin markets in 2017 bull run hence the recent dump from $64k levels was not bothering me much. Hence I remained optimistic this year to test $100k in coming months. As of now, market is struggling to break the resistance levels around $50k levels and once it gets broken then we can see market to be trading near ATH (I am sure about small FOMO which will take market from $50k to $64k very easily).

After halving, the following year is well known for stronger bull run hence being positive about getting 10x growth will help any bitcoiner to make easy profits by making use of all available dips. I hope many of us might have bought more when prices available below $30k for very few sessions alone.

[suzanne5223]

the market making a new record of capitalization does not justify anything but the level of demand and supply is what matters. However, I expect the market to be bullish and dump sometime till October before correction happens that's if the market still replicates the old halving trend.

I think the correction already happened, Bitcoin pump to a new ATH of $64k and then it dumped to $28k, I guess it's already a big correction that the market has to suffer. Now that the market is bullish, we don't expect it to dump below $30k again, at least for a while as we never know what lies ahead.

When the market is bullish (both altcoins and bitcoin), it's hard to predict as there's no ceiling.

Maybe we could face another huge correction happens again, $44k will drop $20k, which isn't impossible but we never think that way since we are more focused on the possible new ATH.

Most of the time we have a huge rally in the 4th quarter, let's wait how the market behaving that time because for now, we are purely making speculation which is either right or wrong. Well, I hope we got a good surprise, even though we aren't reaching back to $60k at least we sustain the bullish price for how many months.

@Vaculin. Yes, corrections have already happened but I was talking about huge market correction which some people called blood baths and when it happens it is hard to predict what the bottom price will be but it will certainly go below $30K.
@Hypnosis00. With the Bitcoin market full of surprises, I believe the best thing to do is to be prepared for whatever happens but I was expecting the huge rally to happen before the huge correction.

[South Park]

We never know until it happened, Whales for sure wants to grab more profits, if there's an artificial movement

we can't deny that they are capable doing it. Sad for those fomos who lose their money when whales shake the

market. That huge fall that really shaken most of the traders, fear inside from newcomers and lazy investors who

sell their assets during that time.

I do believe that whales do not specifically want to make bitcoin higher, I think they want to make money but they are fine making it anyway they want. I mean there are people who short bitcoin as well and they could be whales so they could just buy 150x leverage before they dump a bunch of bitcoin and make more profit that way, which they can then buy cheaper and wait until it goes up.

One theory suggest that this is exactly what whales do, they wait for us to get as much as we can, then they crash by dumping but also profit from it with high leverages, then they buy it back from the lower levels and keep repeating that every time the price goes up. Long story short I believe we are in a bull run and I believe we will go up, but I also believe that it is not going to be because of what the whales want, I believe it will be like that because we want it.

Whales are opportunistic by nature so if they see an opportunity to make money they're going to take it regardless of the direction the market can take, some speculate that this was the reason the price of bitcoin went down so quickly, obviously we will never know if this theory is in fact correct however there are many small clues that point out to the fact that this could be true, which means that if the whales want to pump the price because it plays on their favor then the next time we see the price of bitcoin grow I really think we're going to see it easily surpassing its all time high.

[newwest]

My fear existed during when it was near 30k and if it had broken those levels and kept falling then it would hit the new lows. But since it bounced back from those levels and as soon as crossed 40k, I became bullish and now view is is that it we will first have a new ATH again in coming time and might even close above 70k approx for the year end.

[smyslov]

The majority of the members here voted that we are in a bullish year and many are optimistic that we are going to end the year with a new all-time high, so many new trending coins are now in the market like the NFT and DeFi and this is enough to keep the money coming in the market, if we are good this year we can be better next year.

[Kusman]

I'm definitely bearish in this year. And it is really hard to be bullish in a market like this now. The market is all green. And Bitcoin price still continues to increase. I first thought that it would be a good rally and it'd end after some time. But Bitcoin price is still continuing to climb. It is nearly $50k. There is not much left for a new ATH actually. But maybe the price can stop climbing after reaching a level around $55k. But before the end of this year, I'm feeling confident about seeing a huge record from Bitcoin.

[bryant.coleman]

I have an experience of almost a decade in cryptocurrency sector and I would say from my experience that the outlook is extremely bullish for crypto. The prohibition of mining ban in China was the most repressive governmental action that the cryptocurrency sector witnessed during it's existence. And we survived it. And better still, now a large part of the mining activity has moved away from China. So overall, this step resulted in more benefits rather than harm. The adoption and acceptability is increasing at a steady pace, not impacted by any of these measures. So the exchange rates should move upwards in the near future.

[dezoel]

I am 100% bullish on this year, this is looking like one of those prime periods when bitcoin could actually break the ATH again and it will not really be a shock to anyone neither. Let's be honest the price is at around 49k right now, we need only a 30% increase in order to break the ATH price and that is really something special, that is something unheard of, and that is why I think it is quite amazing to think about, because I believe that we are going to definitely do a 30% increase, it is nearly a child's play to go up 30% in few months for bitcoin, it could do that in a week, we just had a 60%+ increase in bitcoin in the past 2-3 weeks, we were at around 28k and now we are at 49k, that should tell you how insanely easy for bitcoin to go up that much. I am not saying it WILL do that, all I am saying is if it wants to, it is easier than anyone ever imagines.

[Fortify]

With the roller-coaster price movement this year, I like to know if what you think about this year's market condition overall.

Are you still bullish despite the huge dump from ATH, or do you think the market will be bearish throughout?

Share your thoughts and what's your basis, it will help everyone to decide.

Until we start to see the money printers within the biggest economies turned off (or tapered down substantially) then cheap cash is going to keep flowing into any sort of asset available. However history is full of boom and bust - what's weird is we have supposedly recovered from the worst pandemic in about a century and yet the economy in many places is soaring to record highs. That is a very strange place to be from a logical point of view. It would appear that we are still within the "fire fighting" stage of the virus, which may take another year to play out with hopefully no new dangerous variants. It'll only be after things have started to calm down that the shockwaves of huge amounts of borrowing might start to ripple and give us the "bust" part of the economic cycle that Covid managed to almost skip over.

[Turbolinea]

I am 100% bullish this year. Because I don't see any reason to be bearish. It is true that Bitcoin had tough days before this rally or maybe bull market started. I was sick of seeing the price got stuck between $30k and $35k. Now finally, things have changed. Cryptocurrencies are on a huge rise now. This could even be a bull market now. We will understand clearer if the price reaches a new ATH in this period. And I don't expect to see the bear market in this year anymore.

[leea-1334]

I am 100% bullish this year. Because I don't see any reason to be bearish. It is true that Bitcoin had tough days before this rally or maybe bull market started. I was sick of seeing the price got stuck between $30k and $35k. Now finally, things have changed. Cryptocurrencies are on a huge rise now. This could even be a bull market now. We will understand clearer if the price reaches a new ATH in this period. And I don't expect to see the bear market in this year anymore.

I am not there at 100%,,, I will never be even 90% sure of any direction. Call it being in crypto for this long and call it a tiredness of being optimistic in the past.

But for sure, I have not felt this good or this sure about an upward move for a long time. Not a crazy 2017 run anymore but a slow and sure rise to the top

[Furious 7]

I am 100% bullish this year. Because I don't see any reason to be bearish. It is true that Bitcoin had tough days before this rally or maybe bull market started. I was sick of seeing the price got stuck between $30k and $35k. Now finally, things have changed. Cryptocurrencies are on a huge rise now. This could even be a bull market now. We will understand clearer if the price reaches a new ATH in this period. And I don't expect to see the bear market in this year anymore.

I am not there at 100%,,, I will never be even 90% sure of any direction. Call it being in crypto for this long and call it a tiredness of being optimistic in the past.

But for sure, I have not felt this good or this sure about an upward move for a long time. Not a crazy 2017 run anymore but a slow and sure rise to the top

At the right time now is the time of the year because we have gone through difficult times and in the end it is back rallying with a lot of bad news about China and so on so this really accommodates all directions but the market is able to survive with many investors believing that Exactly the real rally, $50k has been reached the next target is the new ATH, I'm sure this optimism that we maintain can come true.
Because many good opinions about this rally news will continue.

[dezoel]

I am 100% bullish this year. Because I don't see any reason to be bearish. It is true that Bitcoin had tough days before this rally or maybe bull market started. I was sick of seeing the price got stuck between $30k and $35k. Now finally, things have changed. Cryptocurrencies are on a huge rise now. This could even be a bull market now. We will understand clearer if the price reaches a new ATH in this period. And I don't expect to see the bear market in this year anymore.

Yeah, I do feel the same way. I have honestly stopped expecting much from the market and I try to react to the circumstances that are on offer. It feels bad when you make a particular prediction and it goes wrong so I rather now see if the bull run has started, then I buy at the start of it and wait till a good price is reached. If the market goes bearish, I sell my coins and preserve the portfolio value and once the price touches the bottom from my understanding, I just buy back all the sold coins.

It doesn't always work great but it's better than making a particular prediction and sticking with it even when things are clearly not working out as expected.

[StreakW]

There are two indicators when we look at the market cycle. We don't know how long this cycle lasts and what percentage of a cycle has increased or decreased, but for now, altcoins are not correct to say that they are still bullish. The movement of crypto assets this year is almost the same as last year. The bullish and bearish crypto assets are still the same as the previous year. The rise and fall of crypto assets will continue for the next few months. This can be seen from crypto assets that show an upward trend in prices.