What is your opinion on recent bull market, will it be over soon?

[STT]

Multiple time frames must be considered for every question of which cycle we are in, a pullback over a week is just the market taking some profit it doesnt alter gains over years etc.
   Right this moment we are considering a pullback or rise situation, the reason that appears is if we reject recent highs and make a false breakout it can mean speculators in the price drop their holdings leading to a break lower.   Its something to consider because we did appear to be very positive.
   Even if that scenario were to occur, even if we went to 50k I would still expect positive movement over the next 12 months due to greater momentum and trends applying long term.    Not every time frame will mesh without friction, its usually constantly there.

[bitterguy28]

I am 100% confident about this rising market of Bitcoin because people from all over the world are getting acquainted with Bitcoin. The world's largest companies are showing interest in investing in Bitcoin. Moreover, the popularity of Bitcoin is much higher now than before, so the market is much more stable than before.

and i also red recently that even the CEO of Apple is now investing in Bitcoin (though He denied Apply company being part of this investment) yet this can be considered as valuable interest for the whole crypto community .
this is getting Bigger and bigger each year and countries from around the world is getting their interest in learning and also considering investing as well.

[batang_bitcoin]

~snip~

It goes that way, the trend would always change going up and down.

There's no option on that trend because it's always the two, either go up or down.

This makes the crypto market known so well that is why we don't get surprised nor wonder why.

ATM, the market is moving up again possibly making way for another ATH before we end this year 2021. It can be overwhelming though to see the market recover after such correction faster than we think or unlike before. This can see that the demand is higher and people aren't in panic anymore. I can say that people now truly believe that Bitcoin will have a better future and in fact, it has no doubt about that.

Every time it creates a new ATH many of us are surprised and it's getting more exciting to have it witness. It is unknown what's with it at the end of this year. But majority's sentiment is on the positive note that there's going to be another all time high that we're about to see.

[Sihab76]

In other years Bitcoin grows much higher towards the end of the year. But this time Bitcoin was upward all year round. It is not possible to explain why the Bitcoin market is on the rise. However, many believe that the rise in price is due to the growing popularity of Bitcoin.

[Luqman]

It is clear that many experts stated the new year may be the beginning of bearish. So, the end of the current bull market is probably to happen after this year is over. What we must do is secure our money or take profits as long as the bull market lasts. I personally will sell all my BTC and Altcoins before December is over. I don't want to take risks by holding them.

[Kemarit]

I am 100% confident about this rising market of Bitcoin because people from all over the world are getting acquainted with Bitcoin. The world's largest companies are showing interest in investing in Bitcoin. Moreover, the popularity of Bitcoin is much higher now than before, so the market is much more stable than before.

and i also red recently that even the CEO of Apple is now investing in Bitcoin (though He denied Apply company being part of this investment) yet this can be considered as valuable interest for the whole crypto community .
this is getting Bigger and bigger each year and countries from around the world is getting their interest in learning and also considering investing as well.

I also believed that Tim Cook has a personal investments on bitcoin maybe as early as 2017.

So this bull run will continue despite some minor pull back after hitting a new all time high. That's the market's initially reaction, to take some profits and enjoy it and then comeback later again make some again, rinse and repeat process.

So the bull run might be extended up to 2022 or at least the first quarter and see how high can we go in hit current bull run and then we will see how it goes. If bear market comes then so be it.

[batang_bitcoin]

Every time it creates a new ATH many of us are surprised and it's getting more exciting to have it witness. It is unknown what's with it at the end of this year. But majority's sentiment is on the positive note that there's going to be another all time high that we're about to see.

There's a high chance that we will witness again a new ATH before this year ends but this is not really a 100% sure until we finally get there. But one thing is certain, the market will still face another price correction before it gets another new ATH and by that time, perhaps we can see bitcoin is already reaching between $80k-$90k. And if we traced its history, bitcoin will probably face its bearish season by next year, either in its first or second quarter.

It is okay to think about new ATH because we're all hoping that it will happen before this year ends. As usual, it's a speculative market and we don't know if our speculations will be right or wrong.
And as the market starting to have a little dip then we can think that there's a possibility of an upcoming surge. When it happens, we're also expecting that there might be a pull back again.

[n0ne]

I am 100% confident about this rising market of Bitcoin because people from all over the world are getting acquainted with Bitcoin. The world's largest companies are showing interest in investing in Bitcoin. Moreover, the popularity of Bitcoin is much higher now than before, so the market is much more stable than before.

and i also red recently that even the CEO of Apple is now investing in Bitcoin (though He denied Apply company being part of this investment) yet this can be considered as valuable interest for the whole crypto community .
this is getting Bigger and bigger each year and countries from around the world is getting their interest in learning and also considering investing as well.

I also believed that Tim Cook has a personal investments on bitcoin maybe as early as 2017.

So this bull run will continue despite some minor pull back after hitting a new all time high. That's the market's initially reaction, to take some profits and enjoy it and then comeback later again make some again, rinse and repeat process.

So the bull run might be extended up to 2022 or at least the first quarter and see how high can we go in hit current bull run and then we will see how it goes. If bear market comes then so be it.

Tim Cook have now revealed his portfolio diversified on cryptocurrency. However this can also be considered as a base for Apple getting into blockchain development. He pointed out clearly Apple doesn't have any plan for cryptocurrency investment. So, his attachment with cryptocurrency hasn't made big impact on the market.

The bull trend will continue till the month of December. I doubt on the chances of bull trend getting carried to the first quarter of 2022. The ongoing year is very big for bitcoin as well as altcoins, so the upcoming year seems to give stabilized growth.

[batang_bitcoin]

It is okay to think about new ATH because we're all hoping that it will happen before this year ends. As usual, it's a speculative market and we don't know if our speculations will be right or wrong.
And as the market starting to have a little dip then we can think that there's a possibility of an upcoming surge. When it happens, we're also expecting that there might be a pull back again.

That's right, we are in a speculative market, so anything could happen. We just have our own prediction and I guess we have to stick with that. Personally I'm bullish this year until early next year but I don't neglect the possibility of seeing a bear run by the end of the year although it's not the trend.

I'm also bullish and have no idea when it will stop and when the bear market will come. That's why let's just be happy with every single bit of day that the market is still bullish.
People will say that this day is no longer bullish because there's a little bit of correction. But they don't realize that it has to happen, it's needed for us to see it go through again and try to break the wall of $70k.

[TheGreatPython]

I'm also bullish and have no idea when it will stop and when the bear market will come. That's why let's just be happy with every single bit of day that the market is still bullish.
People will say that this day is no longer bullish because there's a little bit of correction. But they don't realize that it has to happen, it's needed for us to see it go through again and try to break the wall of $70k.

There will always be people who are in it for quick gains and the moment they see something not going their way they will say that things are going horrible. Ignore them because they have no idea what they are talking about. Reality is that there is a thing called "shorting" and I assume you know this, that is the people who talk badly about bitcoin, why? Because they shorted it and they need to make a lot more profit.

I know one that made 11x profit just recently with the most recent drop, imagine how much he could have made if the drop was even bigger. So, they are not all warren buffets of the world who "believe bitcoin will drop", they are just trying to make a profit from the drop and that's it.

[Fatunad]

I'm also bullish and have no idea when it will stop and when the bear market will come. That's why let's just be happy with every single bit of day that the market is still bullish.
People will say that this day is no longer bullish because there's a little bit of correction. But they don't realize that it has to happen, it's needed for us to see it go through again and try to break the wall of $70k.

There will always be people who are in it for quick gains and the moment they see something not going their way they will say that things are going horrible. Ignore them because they have no idea what they are talking about. Reality is that there is a thing called "shorting" and I assume you know this, that is the people who talk badly about bitcoin, why? Because they shorted it and they need to make a lot more profit.

I know one that made 11x profit just recently with the most recent drop, imagine how much he could have made if the drop was even bigger. So, they are not all warren buffets of the world who "believe bitcoin will drop", they are just trying to make a profit from the drop and that's it.

Each trader or person does have their different takings with the current condition of the market whether its a bull or bearish run then we could really have those kind of things in mind when it comes to mindset
where you do make out certain actions basing on what you do see whats right and also that risk we could able to take.Some are ready and some arent aware nor able to expect on what things could happen.
Bullish or bearish market? We do have certain trends which its understandable that you would really be making such actions basing on your experience and knowledge.

[STT]

If we slip much further down it might breakdown the BTC price, by that I mean if we did go lower it would be below prior resistance and so now support will have been lost.  That would seem to signify greater selling then occurs even though it had already fallen.


Thats weekly bars and its not got that many on there to draw great significance but its enough to note each bar or rung further down we move from here does stretch the bullish argument.  We might reset in price to a lower major point like 50k.   So far every negative attempt has corrected upwards but its possible people withdraw cash from BTC generally and it would take place like that probably.

[LogitechMouse]

Markets are moving in cycles.
After a bull market, a big correction will happen.
The only question is when it will happen.

The bull market is a great opportunity for those long time holders to take profit. The bull market is a great opportunity for the traders to get profit as well. We all know that this bull market that we are experiencing right now will end up. Its only a matter of when it will happen. Many are saying that the bull market will end up next year and many are saying that it might be extended until next year. My opinion about the recent bull market? Well, I hope that many took profits already but what I'm feeling is this bull market will end up possible next year. Take note its my opinion and if it will not happen then good for us .

[justdimin]

Markets are moving in cycles.
After a bull market, a big correction will happen.
The only question is when it will happen.

The bull market is a great opportunity for those long time holders to take profit. The bull market is a great opportunity for the traders to get profit as well. We all know that this bull market that we are experiencing right now will end up. Its only a matter of when it will happen. Many are saying that the bull market will end up next year and many are saying that it might be extended until next year. My opinion about the recent bull market? Well, I hope that many took profits already but what I'm feeling is this bull market will end up possible next year. Take note its my opinion and if it will not happen then good for us .

I believe that a big correction doesn't happen for too long anymore. I mean remember how long it took us to break that 2018 crash? We got back to 20k only 2-3 years later, it was late 2020 I believe, that is a very long time to get back to ATH. Now? We had 64k during late April, early may and then we had under 30k during/after summer, and we now reached 69k again during the last 2 months. That should tell you that corrections and crashes are different and we may have some corrections but we do not have crashes that much anymore.

I do not know when that will happen neither, but it doesn't happen very slowly, so a stop loss should allow you to be keeping safe from a sudden crash, I suggest using one that is not too close, but not at 30k neither.

[dragonvslinux]

Markets are moving in cycles.
After a bull market, a big correction will happen.
The only question is when it will happen.

The bull market is a great opportunity for those long time holders to take profit. The bull market is a great opportunity for the traders to get profit as well. We all know that this bull market that we are experiencing right now will end up. Its only a matter of when it will happen. Many are saying that the bull market will end up next year and many are saying that it might be extended until next year. My opinion about the recent bull market? Well, I hope that many took profits already but what I'm feeling is this bull market will end up possible next year. Take note its my opinion and if it will not happen then good for us .

I believe that a big correction doesn't happen for too long anymore. I mean remember how long it took us to break that 2018 crash? We got back to 20k only 2-3 years later, it was late 2020 I believe, that is a very long time to get back to ATH. Now? We had 64k during late April, early may and then we had under 30k during/after summer, and we now reached 69k again during the last 2 months. That should tell you that corrections and crashes are different and we may have some corrections but we do not have crashes that much anymore.

I also think the relevance is recovering after 6 months confirms a continuation of the bull market (one that never ended), whereas price taking 3 years to return to ATH implies the beginning of a bull market, even if the downtrend was technically broken around $10K prices. Generally price returning to it's ATH is bullish, when there is considerable amount of time in between. In this case, I'd consider 6 months as sufficient. In the past, even a few weeks as been more than enough to confirm the continuation of a bull market.

[buwaytress]

Thats weekly bars and its not got that many on there to draw great significance but its enough to note each bar or rung further down we move from here does stretch the bullish argument.  We might reset in price to a lower major point like 50k.   So far every negative attempt has corrected upwards but its possible people withdraw cash from BTC generally and it would take place like that probably.

A slight yikes moment for me waking up early today actually as I'm making a sell this morning, and it's been a pretty decent while since I've had to grit down on a 5%+ loss overnight. Price of being in Bitcoin, no matter.

Not sure what to make out of the (lack of) bounce from 60,500 support though. Thought even if we did threaten that, we'd get some long-earned inertia pushing it back up but Asian trading time doesn't seem willing to fuel a recovery.

[tygeade]

I do not know when that will happen neither, but it doesn't happen very slowly, so a stop loss should allow you to be keeping safe from a sudden crash, I suggest using one that is not too close, but not at 30k neither.

Unfortunately it wasn't a long living bull market, however it showed what it needs to show and that's all that matters. I personally would love to have a lot more better situation regarding the price but that doesn't mean that I will not care for whatever we have right now neither. When it is going up then I am quite happy because it is high and I am richer, when it is getting lower like this then I am still happy because that means I could buy more.

I just hope that it stays like this until the first of December so that I could put my salary into crypto, that way I would be getting richer for having some more bitcoin bought at cheap levels. Honestly, it is really no brainer that if you approach crypto the right way then you are going to be making a great amount of profit, it will also allow you to always see the positive and never get scared about your decisions.

[Dave1]

Thats weekly bars and its not got that many on there to draw great significance but its enough to note each bar or rung further down we move from here does stretch the bullish argument.  We might reset in price to a lower major point like 50k.   So far every negative attempt has corrected upwards but its possible people withdraw cash from BTC generally and it would take place like that probably.

A slight yikes moment for me waking up early today actually as I'm making a sell this morning, and it's been a pretty decent while since I've had to grit down on a 5%+ loss overnight. Price of being in Bitcoin, no matter.

Not sure what to make out of the (lack of) bounce from 60,500 support though. Thought even if we did threaten that, we'd get some long-earned inertia pushing it back up but Asian trading time doesn't seem willing to fuel a recovery.

I think it is being fueled by the Asian market, but the thing is that most sell-offs happen in the US and North American time zone, at least that's how I observed it.

We are in above a recovery to $60k again, but was quite surprised that another dip has to happen in the US timezone and pull back the price below the support line of 55k. And now it's Asian market time so let's see if we can bounce again, current price $54,090.

[buwaytress]

I think it is being fueled by the Asian market, but the thing is that most sell-offs happen in the US and North American time zone, at least that's how I observed it.

We are in above a recovery to $60k again, but was quite surprised that another dip has to happen in the US timezone and pull back the price below the support line of 55k. And now it's Asian market time so let's see if we can bounce again, current price $54,090.

Can't say really, and it doesn't seem apparent in any case when I do try to observe during Asian times -- and none of the activity on my p2p accounts really suggest much except that it's more active when people are awake in those timezones (big duh).

As I was saying in a separate thread, was also surprised by yesterday's pretty sudden slip. I thought, unscientifically, it could be just people liquidating Bitcoin to do some last-ditch shopping on this entire weekend. I should know, I've been pressured to get some stuff at discounts too heh heh.

[asrinur]

Yes it will likely be over soon.

We probably have until January 2022, but everything afterwards is no man’s land, where only the desperate degenerates are.

It’s ok to be a degenerate right now and chasing 10,000% gains and memecoin pumps. It’s actually important to be a degenerate in a bull run, otherwise you miss the crazy 10,000% opportunities every bull run brings.

However, many crypto investors have become addicted to crypto and it has become most their main identity.

Then, once the bull run is nearing its end, they don’t want to lose this identity and their current lifestyle.

They want to keep sitting at home looking at charts, hanging out in telegram groups and disrupting the financial system and not work in a cubicle 9–5 with a boomer boss who has no clue about what’s going on in the world right now.

They don’t realize that they can go to a nice island and sip margaritas and don’t have to go back to that 9–5 cubicle, because they are too deep in the trenches.

Chilling on an island and sipping margeritas is part of the crypto life cycle as well.

I think the massive correction of Bitcoin price is over since the end of last september and now bitcoin has been on the rise since the beginning of October to date. However, of course the big question is how long this trend of rising prices will continue. Speculation about the period of this bullish market trend continues to emerge, especially since Bitcoin is now a regular news item in the mainstream media. But what makes the price of Bitcoin go up and down? Is this just endless good and bad news, or are there other indicators that can accurately predict future price movements and declines?