BTC: is it really bearish?

[CaptainCrapper]

Ok, as of late I've been drawing some lines (as practice, mostly), and now I'm more confused than ever. Everybody keeps talking about BTC being bearish, but the lines I drew show it to be on an upwards trend. I'm attaching a screenshot of what I see. The graph is from Binance.

So the magic question would be: what am I missing?

Pump and dump this is market I think the market will pump soon it can call we correction cause covid situation is badly increasing hole wold day bay day. so after some day, I think everything will recover.

[bekti3]

What do you think will be the top though this year? I know that everyone is eager to see the price hitting $100,000 because it seems that we have been 'programmed' but some prediction modelling that we are going to hit that price.

However, it didn't and people now see the bear market slowly getting into the picture. So if you are still bullish can we still get into that 6 digits? or a new all time high around $70,000 but not going to reach $100,000?

Wouldn't we ALL love that?
100K! Dammit!
We'll have to wait and see (and keep our fingers crossed). Right now at 43K, if I had a penny I'd put it on BTC. Over time BTC has shown to be more stable than other coins, so I don't know if I'd go as high as 100K, but I wouldn't be surprised if it went over 80 or 85K before the end of the year.
If my lines hold true (and that's a big "if"), it should be hitting 72+K by May. From then on, only time can tell where it goes...
If it breaks the resistance, 100K wouldn't be so far-fetched... 

Expectations about december are too high causing a mismatched reality and regret
Calm down my friend also feels the same way but on the other hand it's still a blessing because the price is still good to buy and this is a discount before reaching $100k.
there was nothing to do but wait because there really was nothing else to do at this point.
panic now is not the time and not suitable for panic Just enjoy and hope this correction will be finished soon

[wxa7115]

Expectations about december are too high causing a mismatched reality and regret
Calm down my friend also feels the same way but on the other hand it's still a blessing because the price is still good to buy and this is a discount before reaching $100k.
there was nothing to do but wait because there really was nothing else to do at this point.
panic now is not the time and not suitable for panic Just enjoy and hope this correction will be finished soon

The expectations were too high but they were not really out of place, people were expecting that maybe something similar to what we saw with the last bull run will happen again, unfortunately that was not the case but I think they had a point when thinking that such an event could repeat itself.

Now that December has passed and we know that it did not happen, but to me this just means that the ranging market in which we are in will just last a little bit longer, and once the whales have accumulated enough coins we are bound to see another important increase in the price of bitcoin.

[ven7net]

Ok, as of late I've been drawing some lines (as practice, mostly), and now I'm more confused than ever. Everybody keeps talking about BTC being bearish, but the lines I drew show it to be on an upwards trend. I'm attaching a screenshot of what I see. The graph is from Binance.

So the magic question would be: what am I missing?

Probably you just don’t need to listen to those who claim that BTC is now in a bearish trend, but there is also another answer, maybe you just didn’t draw the lines correctly, or you drew them according to your vision and knowledge, and not how they see the situation on the market its other members. Personally, I can only guess, since I myself am not an expert in this area. However, I agree more with your vision of the situation with BTC, since I myself drew some lines and I also got an uptrend, not a bearish one.

[Argoo]

Ok, as of late I've been drawing some lines (as practice, mostly), and now I'm more confused than ever. Everybody keeps talking about BTC being bearish, but the lines I drew show it to be on an upwards trend. I'm attaching a screenshot of what I see. The graph is from Binance.

So the magic question would be: what am I missing?

Probably you just don’t need to listen to those who claim that BTC is now in a bearish trend, but there is also another answer, maybe you just didn’t draw the lines correctly, or you drew them according to your vision and knowledge, and not how they see the situation on the market its other members. Personally, I can only guess, since I myself am not an expert in this area. However, I agree more with your vision of the situation with BTC, since I myself drew some lines and I also got an uptrend, not a bearish one.

Whether it’s a bear market or it’s just a deep correction, however, for several months now, the cryptocurrency has fallen sharply in price and is practically standing still. Moreover, this happened in the last two months of the year, when traditionally prices, on the contrary, always grow significantly in price. Now I think that we are expecting a rise in prices in this market, but not now, but after some time: maybe another month or two will pass. However, growth is bound to happen.

[Sanitough]

Ok, as of late I've been drawing some lines (as practice, mostly), and now I'm more confused than ever. Everybody keeps talking about BTC being bearish, but the lines I drew show it to be on an upwards trend. I'm attaching a screenshot of what I see. The graph is from Binance.

So the magic question would be: what am I missing?

Probably you just don’t need to listen to those who claim that BTC is now in a bearish trend, but there is also another answer, maybe you just didn’t draw the lines correctly, or you drew them according to your vision and knowledge, and not how they see the situation on the market its other members. Personally, I can only guess, since I myself am not an expert in this area. However, I agree more with your vision of the situation with BTC, since I myself drew some lines and I also got an uptrend, not a bearish one.

Whether it’s a bear market or it’s just a deep correction, however, for several months now, the cryptocurrency has fallen sharply in price and is practically standing still. Moreover, this happened in the last two months of the year, when traditionally prices, on the contrary, always grow significantly in price. Now I think that we are expecting a rise in prices in this market, but not now, but after some time: maybe another month or two will pass. However, growth is bound to happen.

Despite of the doubt if we are still bullish or bearish, i think as long as we are still witnessing that prices are declining, then it will be a good way to buy at the dip so we can prepare and maximize our profits when a real bull run comes in the market. After all, we are here for profits and right now we are seeing opportunities in front of us, so its better if we can buy in every dip because we really don't know when will this price correction recovers.

[Drnice]

Technical analysis for me is more of effect in the forex trading as some forms of regulation do have its effect in the system and market, where by with some push of buttons and speech made publicly can twist the market heavily. This is also possible in the crypto world, but not really coming from some set of bodies. Bitcoin from the deep that was seriously experienced at 2017-2018 ATH and ATL made everyone to have the full perspective of Bitcoin as an assets that goes on both ways, just with time put in consideration, with a heart ready to hold all time long. The price of Bitcoin for a while now has been on the price mark of $42k and still moving within that range. Until it changes, either downwards, the deep continues and we buy or upwards, while we hold that which we have.
Bitcoin has a bright future and that is not arguable, cause it is known and yet to be well known as time goes on. If more investors join the community this year, then we should be expecting better highs and a new markto be made.

[Finestream]

Expectations about december are too high causing a mismatched reality and regret
Calm down my friend also feels the same way but on the other hand it's still a blessing because the price is still good to buy and this is a discount before reaching $100k.
there was nothing to do but wait because there really was nothing else to do at this point.
panic now is not the time and not suitable for panic Just enjoy and hope this correction will be finished soon

The expectations were too high but they were not really out of place, people were expecting that maybe something similar to what we saw with the last bull run will happen again, unfortunately that was not the case but I think they had a point when thinking that such an event could repeat itself.

Now that December has passed and we know that it did not happen, but to me this just means that the ranging market in which we are in will just last a little bit longer, and once the whales have accumulated enough coins we are bound to see another important increase in the price of bitcoin.

Probably, we will see bitcoin's new ATH once the big whales will take a break from accumulating coins. And when we see bitcoin is recovering, the whole crypto market will also be seen in price increase again. But for the meantime, its best if we could also grab this opportunity to fill our bags with promising coins so we can also prepare once the  market recovers. By that time, if we can start buying now and hold, there will be huge profits that we will be reaping by then.

[Hamphser]

Expectations about december are too high causing a mismatched reality and regret
Calm down my friend also feels the same way but on the other hand it's still a blessing because the price is still good to buy and this is a discount before reaching $100k.
there was nothing to do but wait because there really was nothing else to do at this point.
panic now is not the time and not suitable for panic Just enjoy and hope this correction will be finished soon

The expectations were too high but they were not really out of place, people were expecting that maybe something similar to what we saw with the last bull run will happen again, unfortunately that was not the case but I think they had a point when thinking that such an event could repeat itself.

Now that December has passed and we know that it did not happen, but to me this just means that the ranging market in which we are in will just last a little bit longer, and once the whales have accumulated enough coins we are bound to see another important increase in the price of bitcoin.

Probably, we will see bitcoin's new ATH once the big whales will take a break from accumulating coins. And when we see bitcoin is recovering, the whole crypto market will also be seen in price increase again. But for the meantime, its best if we could also grab this opportunity to fill our bags with promising coins so we can also prepare once the  market recovers. By that time, if we can start buying now and hold, there will be huge profits that we will be reaping by then.

You would really expect these kind of words whenever there's a market price decline on which people would really be having those thoughts and mindset which is something a part or been a natural thing happens on a
market yet we cant really just be moving upward constantly.

Of course there would be corrections and dumps that do happen yet we do have this situation called "profit taking" and some several factors that do affect the market when it comes to news
or simply with fundamentals.

If you are an investor then this is something you should mainly realized on.

[Desmong]

This is the bear market that making speculators had been talking about and it's the best time to accumulate more positions of Bitcoin and altcoins because I am certain that soon the bull run will overtake the bear in slumber and take up the race to the top breaking another height that will shock making people including Investors and holders. Bitcoin is surely going to be sent to the space not just the moon.

[Botnake]

This is the bear market that making speculators had been talking about and it's the best time to accumulate more positions of Bitcoin and altcoins because I am certain that soon the bull run will overtake the bear in slumber and take up the race to the top breaking another height that will shock making people including Investors and holders. Bitcoin is surely going to be sent to the space not just the moon.

Seeing how bitcoin price moves these days, i know it will lead to its bearish season that will pull the bitcoin price more. And for sure, some investors and long term hodlers will panic more seeing the price of bitcoin continues to fall. Maybe this time, it will reach $30k price level if this bear season will stay longer, but on the bright side it will open more opportunity for us so we can start buying bitcoin and good altcoins at their very low prices. This is a good preparation indeed so we can gain huge profits once bullish season will take over the bearish market.

[wxa7115]

This is the bear market that making speculators had been talking about and it's the best time to accumulate more positions of Bitcoin and altcoins because I am certain that soon the bull run will overtake the bear in slumber and take up the race to the top breaking another height that will shock making people including Investors and holders. Bitcoin is surely going to be sent to the space not just the moon.

It would be interesting to see what happens to the market from now on, to me it is clear the drop in the prices we are seeing all over the market has been caused by the crash in the stock market.

However this could be enough to make a lot of people panic into thinking the bear market has finally established itself in this market, make them panic and sell their coins for a bad price, however even with this negative movement I believe bitcoin still has a good chance of giving good results this year, it is just that it may take longer than what I expected to see those results.

[Distinctin]

This is the bear market that making speculators had been talking about and it's the best time to accumulate more positions of Bitcoin and altcoins because I am certain that soon the bull run will overtake the bear in slumber and take up the race to the top breaking another height that will shock making people including Investors and holders. Bitcoin is surely going to be sent to the space not just the moon.

It would be interesting to see what happens to the market from now on, to me it is clear the drop in the prices we are seeing all over the market has been caused by the crash in the stock market.

However this could be enough to make a lot of people panic into thinking the bear market has finally established itself in this market, make them panic and sell their coins for a bad price, however even with this negative movement I believe bitcoin still has a good chance of giving good results this year, it is just that it may take longer than what I expected to see those results.

I am not sure if it's already bearish or not, but it started last month, the market is already struggling so it's safe to assume that we are already in the bear season and the bull market is over. Bitcoin is very cheap now, it could go down below $30k if the current trend will continue.

[Sled]

This is the bear market that making speculators had been talking about and it's the best time to accumulate more positions of Bitcoin and altcoins because I am certain that soon the bull run will overtake the bear in slumber and take up the race to the top breaking another height that will shock making people including Investors and holders. Bitcoin is surely going to be sent to the space not just the moon.

It would be interesting to see what happens to the market from now on, to me it is clear the drop in the prices we are seeing all over the market has been caused by the crash in the stock market.

However this could be enough to make a lot of people panic into thinking the bear market has finally established itself in this market, make them panic and sell their coins for a bad price, however even with this negative movement I believe bitcoin still has a good chance of giving good results this year, it is just that it may take longer than what I expected to see those results.

I am not sure if it's already bearish or not, but it started last month, the market is already struggling so it's safe to assume that we are already in the bear season and the bull market is over. Bitcoin is very cheap now, it could go down below $30k if the current trend will continue.

Below $30k is quite possible, in fact, we even reach $28k the last time before the new ATH but this new trend is somewhat different. I hope couldn't be that long drops and it never reaches below $25k but yeah, preparing for the worst is somewhat needed this time and patience. I'm not yet to call it bearish that unless it crosses down below $30,000.

[coolcoinz]

There are bull and bear markets within a single big bull trend. To see it you just need to zoom out a bit
Somebody did the math for that and the average yearly profit from holding Bitcoin over the last 12 years was close to 100%. This means that if you held the USD you got -2% a year, If you held the Lira -10% and that stupid little bearish bitcoin was averaging at +100%.

My way of checking what's up with BTC is comparing the yearly lows.
https://twitter.com/DocumentingBTC/status/1412516711040000002/photo/1

[Uang_kartal]

indeed 2021 may be the golden year of some coins, especially bitcoin, whether to continue from the double top to continue to be bearish or even going to bounce back to retest continuing the double bottom pattern, the scenario really makes me think a little, almost 40% of the decline from last year/coin. Hopefully it gets better soon .I haven't found an entry point for a price search

[LastKiss]

~snip~

It would be interesting to see what happens to the market from now on, to me it is clear the drop in the prices we are seeing all over the market has been caused by the crash in the stock market.

However this could be enough to make a lot of people panic into thinking the bear market has finally established itself in this market, make them panic and sell their coins for a bad price, however even with this negative movement I believe bitcoin still has a good chance of giving good results this year, it is just that it may take longer than what I expected to see those results.

I am not sure if it's already bearish or not, but it started last month, the market is already struggling so it's safe to assume that we are already in the bear season and the bull market is over. Bitcoin is very cheap now, it could go down below $30k if the current trend will continue.

Below $30k is quite possible, in fact, we even reach $28k the last time before the new ATH but this new trend is somewhat different. I hope couldn't be that long drops and it never reaches below $25k but yeah, preparing for the worst is somewhat needed this time and patience. I'm not yet to call it bearish that unless it crosses down below $30,000.

My money is ready if bitcoin touch below $25k  , I hope this year bitcoin and other altcoins except the memes one keep at a stable pace. I want to buy the dip as much as I can because if bitcoin touch around $20k again it wont happen again in the future. There's a lot of bad news about bitcoin recently so I'm positive right now the market is bearish.

[AicecreaME]

Based on the market trend, bearish market approached this year. The graph and trend keeps on pointing out on bearish season, adding the fact that bearish market happens every 4 years and it's a cycle that keeps on happening over and over again. Which could either be a good thing or bad thing to some as it would make or break their goals and plans depending on which side they are planning to take - sell or buy.

Actually, this season is the great timing and opportunity to buy more reputable and trusted coins and also those which are promising ones that are backed up with data and information which could possibly pump by the next few years. Buying the dip is a nice move to do most especially if you intend to hold and wait for the market to pump again. Only that, if you are patient enough to wait for the perfect timing to withdraw and take profit. After all, not everyone is capable to hold for a long time due to various reasons. Holding is not for paperhands people who are easily shaken by the sudden drops in the market. Instead, it is for the diamond hands that are patient and hopeful enough to wait for their rewards. It is for people who do not panic sell and let their emotions get the best of them.

[Vaskiy]

Once a season gets over we'll get to know particular trend has got over. In such a way we've crossed the bullish season last year. Once after a bullish season there used to be a bear market for some time period. What we are experiencing at present looks like the real bear market than a massive correction. Everytime there used to be some market crash when the Whales start playing in the market. This time too some Whales have started moving huge volume of bitcoin and now once after the crash started to accumulate again.

For now the long term movement resistance is around $43000. The market keeps bouncing and now it has failed to maintain resistance above $37000, so there is chance of dropping down to $35000. The low bottom resistance for now looks to be $30000.

[freedomgo]

There is nothing right and nothing wrong with describing or analyzing a market chart, everyone has their own views and different speculations. When we draw an uptrend line, there must be someone who has a bear analysis at the same time. All of that is influenced by many factors, the use of different timeframes and the trading style of each trader greatly affects market analysis.

Well, everyone is capable to create market analysis but it comes differently since we have our own perspectives and concepts on how we view the market. And for you OP, i guess there's nothing wrong about how you make your own analysis in the market. However, we can only tell that the market is bearish once crypto coins are having price decline of 20%. Seeing the prices not yet hitting the 20% price decline, then certainly this is more of a correction that makes the market moves unstable due to some factors affecting the market.