Is the cryptocurrency market entering a bear month?

[ymckartal]

Bitcoin;
The unsettling price movements of BITCoin caused negative news from some corporate executives.

In the most recent report published by Bloomberg, he stated that Bitcoin, which has shown a downward movement recently, is still in the Bull market and is going through a temporary consolidation phase. He claimed that BTC would manage to break out of the range of 40 thousand and 70 thousand dollars and reach a higher price.

Key support levels for BTC are 45782/46924; important resistance levels are foreseen as 49877/51237.

Ethereum;
ETH continues to sell at 3900 levels, losing its struggle at the $ 4000 level.

ETH, the captain of altcoins in 2021, outperformed BTC.
While ETH showed an increase of 530% during the year, BTC is about to complete the year with an increase of 61%. While the important support level for ETH is 3770/3820, it can be seen as 3965/4115 as the resistance level.

After all this and after the FED fixes the interest rates, can the Crypto market be expected to switch to a Bear? What are your views on the subject?

[blockman]

I don't think that there's negative news about bitcoin and that's why the price is tanking. We still don't know about next month if the bear market is already in.
But what we know is that we're just moving slowly and if this tanking continues then everyone is assuming that we're already entering the bear market.
Somehow when bitcoin plummet below $30k, we thought that it was the start of the bear market.

[ymckartal]

I don't think that there's negative news about bitcoin and that's why the price is tanking. We still don't know about next month if the bear market is already in.
But what we know is that we're just moving slowly and if this tanking continues then everyone is assuming that we're already entering the bear market.
Somehow when bitcoin plummet below $30k, we thought that it was the start of the bear market.

I don't think you understood what I wrote correctly. I talked about the market impression based on the declines in the crypto market and the movements of two important cryptos. A similar approach was also taken in China about cryptos.
If there is a positive atmosphere contrary to what I have said, I would like you to share it. Now, BTC is 60 thousand dollars and ETH is 5000 dollars, I wonder if I can't see it!!

[CryptopreneurBrainboss]

After all this and after the FED fixes the interest rates, can the Crypto market be expected to switch to a Bear? What are your views on the subject?

We have already reached the peak of the bull cycle, anything else now is just a one last attempt by the whale to manipulated the market to a much higher high so they can offload their coins and wait to rebuy at a much lower price. Watch the market, it's struggling and another negative news now can cause the market to correct massively. Ethereum is falling and many alts has already lost a significant amount of their value.

Right now it's the institutional investors that are still keeping the sentiment positive, a sell move from them would cause a panic and the market will crumble. This wasn't what we were expecting as everyone believe the $100K price value was possible for bitcoin in this bullrun but it seems that won't be happening and even though it does, it won't last just at the $20k value didn't in 2017. We just have to prepare ourselves as the bear has already began but we don't just want to accept it yet.

[LangePara]

If we entered below 40k and we don't win it back, we'r in a bear market. Simple as that, write it down OP

[takngantuk]

Until now I still believe that the current situation is just a correction. and there is no sign that the reversal trend is about to start. when viewed from technical indicators, so far bitcoin has not touched the point of support. and other big coins also look the same, ethereum is still quite stable, bnb is the same even though it has experienced a decline in recent days but not too big. I also noticed another coin that went up high yesterday like solana, although it has stopped rising but this coin didn't experience a big decline like pumped coins in general. so this adds to my confidence that the market is still fine.

[bitterguy28]

Until now I still believe that the current situation is just a correction. and there is no sign that the reversal trend is about to start. when viewed from technical indicators, so far bitcoin has not touched the point of support. and other big coins also look the same, ethereum is still quite stable, bnb is the same even though it has experienced a decline in recent days but not too big. I also noticed another coin that went up high yesterday like solana, although it has stopped rising but this coin didn't experience a big decline like pumped coins in general. so this adds to my confidence that the market is still fine.

Correction happens only in short process and this will not take month long before the price being corrected.

But we are months ago when the Lowest price recorded the market and that is when the value drops down to below 30k.
and then it was corrected and almost break 60k again.

now we are settling in the 45-49k in which i think almost sign of entering Bearish market.

If we entered below 40k and we don't win it back, we'r in a bear market. Simple as that, write it down OP

This happens last month but yet did not made a Bear time .

[Sweetbtc]

first i was bullish but now I believe we are in a bear market now. Ethereum has made it clear they probably won’t be ready to merge till summer.  This halted the alt coin market, bitcoin was already arrested. Time for a nap. Hold tight, dress warm, keep the faith.  Next spring will be good for us

[Tellek Garing]

first i was bullish but now I believe we are in a bear market now. Ethereum has made it clear they probably won’t be ready to merge till summer.  This halted the altcoin market, bitcoin was already arrested. Time for a nap. Hold tight, dress warm, keep the faith.  Next spring will be good for us

Anything above 40k is still a bullish market, some whales are trying too hard to push the price upward but the bear market is dragging so hard and at the moment we are in-between bear and bull markets. Whatever happens next will determine the direction the market will go.

[flip4flop]

We are not there yet but we have been inching closer to entering what could be a bear market every time we test support and do not bounce higher I start to get worried. It also is much more apparent that crypto is tied more to the stock market than ever so if we start seeing increased selling pressure next week and into Christmas, we very well could be entering a bear market in crypto that I would suspect last much longer than a month or two. I certainly hope that is not the case but the price actions has not been good the last month.

[marine4u]

I think the market after correcting at $42k is still trying to generate the right momentum to push for a bull cycle.  The recent short swings suggest a bear -market , alternating is sustained accumulation - increase, 44k signaled a hard support establishment.  Compared to the correction in May, the signal levels show a larger support momentum.  So my guess is that the market will have to head to the diagonal - bullish before Christmas.

[ymckartal]

I think the market after correcting at $42k is still trying to generate the right momentum to push for a bull cycle.  The recent short swings suggest a bear -market , alternating is sustained accumulation - increase, 44k signaled a hard support establishment.  Compared to the correction in May, the signal levels show a larger support momentum.  So my guess is that the market will have to head to the diagonal - bullish before Christmas.

I'm getting the bull market signal too. In the topic I opened, I shared the estimated stock market movement based on the comments made. my aim was to analyze the comments of knowledgeable people who already follow the work like you.

Thanks mate for your contribution.

[ymckartal]

If we entered below 40k and we don't win it back, we'r in a bear market. Simple as that, write it down OP

this is an extremely valuable and parallel comment on the subject I shared.

A Bearish start can be considered if BTC falls below $40,000. BTC is now at 47 thousand dollars and if it goes above 50 thousand, I think it will be the beginning of a bull month.

[ymckartal]

first i was bullish but now I believe we are in a bear market now. Ethereum has made it clear they probably won’t be ready to merge till summer.  This halted the alt coin market, bitcoin was already arrested. Time for a nap. Hold tight, dress warm, keep the faith.  Next spring will be good for us

Hi,

After breaking the ETH resistance point, I think next spring will be good for us. everyone's expectation is to enter a Bull market by the end of December.

[Cryptock]

first i was bullish but now I believe we are in a bear market now. Ethereum has made it clear they probably won’t be ready to merge till summer.  This halted the alt coin market, bitcoin was already arrested. Time for a nap. Hold tight, dress warm, keep the faith.  Next spring will be good for us

Hi,

After breaking the ETH resistance point, I think next spring will be good for us. everyone's expectation is to enter a Bull market by the end of December.

@Sweetbtc suggests that the opposite will happen. That what we are observing now is the beginning of a several-month bear market. In my opinion, if it is a bear market, it will either be shorter - about 2 months, or much longer - minimum about a year.

[velantic]

I am bullish

[michellee]

This month, we still have to face a bear trend for the crypto market so you do not have to panic while preparing yourself for the next bull market because the bear market will not last long and the trend will change to the bull market. Once the crypto market changes into the bull market, you will be back and have a chance to make a profit. So if in this month, we are entering the bear market, what do you want to do? Do you just want to regret it because you are not yet sold all of your coins at a high price? Or do you still want to wait for the next bull market? The choice is up to you  

[tbct_mt2]

If you don't see bear months, you won't see bull months. It is how market works and more interestingly if you see a fact that if you zoom out, bear months which happened years ago, now look like very minor changes on Bitcoin price chart in general.

Let's discuss about current month, it seems we will have not good month which might not have higher close price than open price of December 2021. However and fortunately, from on-chain analysis and yearly candles, we have still been in a big yearly bull run that does not reach a wave 5 of Elliot.

I could be wrong but people are discussing about wave 5 of Elliot for this bull run but I am looking for a wider picture, with yearly candles. In my opinion, we might have a few coming years that are very bullish. Probably we might have big correction in 2024 or 2025.

[Fivestar4everMVP]

Yesterday, I was reading an article which was stating the reasons for the recent sell off of bitcoin which in turn, has affected most altcoins as well, though I currently can't remember the website where I was reading this article, but personally, I think that what also contributed to the sell off is the festive season coming up, it is common sense that people are gonna need money to spend in Christmas and new year, for those who don't have extra, they are likely to sell off some part of their crypto holdings to enable them raise money for this festive period, am assuming that as soon as we enter the new year, as from middle of January, by then, we can tell for sure if we have slipped into a bear crypto season or not.

[batang_bitcoin]

Yesterday, I was reading an article which was stating the reasons for the recent sell off of bitcoin which in turn, has affected most altcoins as well, though I currently can't remember the website where I was reading this article, but personally, I think that what also contributed to the sell off is the festive season coming up, it is common sense that people are gonna need money to spend in Christmas and new year, for those who don't have extra, they are likely to sell off some part of their crypto holdings to enable them raise money for this festive period, am assuming that as soon as we enter the new year, as from middle of January, by then, we can tell for sure if we have slipped into a bear crypto season or not.

It's always the case when there are celebrations that are about to come, there's always the sell offs and the whales are riding it on. We'll see it then by next year if there's a call for entering the bear market. But if not, there's no need to worry and if we see these points are good for buying.
Hopefully the others too, because if they don't then that means that they're not seeing that buying opportunity.