Who saw the Bear market coming?

[Drnice]

It is becoming a nature or a nature in the Bitcoin price movement, that whenever a new price mark is achieved, there will be this price correction to retain a support zone and balance for a new price mark.
Am not much a pro in technical analysis but I'll say Bitcoin has dropped into the bear market zone, and this is one thing that could be some draw back to having new ATH, as this zone will be affecting the entire market. I don't really think this bear zone will be the one that will last for up to a year or more. This is a good time to buy the deep, with fingers crossed that it doesn't go any further or worst than the way it already is. If Bitcoin price should remain above the price mark of $30k+, that will be okay, but going below it, that will fill the market with blood and lots of coins might be dead while some becomes shitcoins.

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[kamilah147]

nowadays generally people who fail in trading are people who like to imitate from tutors.
Why is that? because some of the creators who provide tutors to traders are also beginners in making analysis, but which is very unfortunate for traders who have been around for a long time but can still be influenced by analysis tutors who are completely useless when the market is bleeding.
they need discussion space to analyze. Bring it here!

[mia_houston]

At the moment bitcoin is still very difficult to break through the $40K price resistance and it looks like there will be a slight price drop in the market in the near future to seek support from the whales, I think now it's better for us to see and wait where bitcoin goes next rather than rushing into it market, it will be very risky if we enter the market without doing the right analysis because all possibilities can happen later.

[Silberman]

-snip-

for a trader, not selling at $60k is a regret...

I also think that $60k will not last long, the price of Bitcoin is very volatile so the price can change anytime. On the other hand, bear market is not going to last forever, we will experience bullish as well, very soon.

Because they think bitcoin can reach $100k but in reality it doesn't, so many are trapped in bearishness.

Because bitcoin is volatile it can change at any time but we are waiting for the market to recover again and try to rally but now bitcoin has started to improve if we can redeem $40k in the next month of course we can say bullish will come again but I do not determine this prediction will remain but in the end it can try to fail with FUD news.

I could understand an investor buying at a high price and then not selling if their intention is to be a long term holder, but for a trader it is simple inexcusable to not have sold their coins once there was a heavy correction, that is the kind of decision that can wreck them and derail any possibility they may have about making money in the markets, after all most traders make short term trades from which they obtain only small profits, buying at such a high price and then not selling will give them losses from which it would be impossible to recover.

[milewilda]

Tried to tell my friends back in the summer that $60k+ was a good time to sell because bear market was incoming.

No one listened. They all were hypnotized by the YouTubers shilling alt coins and thought another 10x was around the corner.

Now, 6 months later they are all talking about the crash incoming.

N00bs....

People could neither be positive minded with neither with their own personal calls or had been influenced by someone and people who do have those thinking on which minding about
casual market movements which is on having those up and down on where they do always think that correction is always on the corner.You might have that right call that 60k+
was the peak but it cant really be avoided that you would be thinking that the price might shoot up even more thats why you've decided to wait up a little bit more.

[Dave1]

At the moment bitcoin is still very difficult to break through the $40K price resistance and it looks like there will be a slight price drop in the market in the near future to seek support from the whales, I think now it's better for us to see and wait where bitcoin goes next rather than rushing into it market, it will be very risky if we enter the market without doing the right analysis because all possibilities can happen later.

Yes, as I have said in another post, we have difficulty breaking the $40,000 barrier even next month. So if this happens, then we might see another downward spiral maybe hitting < $30,000. I know I sounded like a doom and loop, but it is what it is, we are in a bear market.

And since it is early this year, perhaps it's better to wait for the price to still go down a bit before entering the market.

[5W-KILO]

OP simply imagine if the opposite happened, will you still be brave enough to create a topic and apologize for all those you try to warn? No matter how clever you are you can't see the future you can only indicate.

[wxa7115]

At the moment bitcoin is still very difficult to break through the $40K price resistance and it looks like there will be a slight price drop in the market in the near future to seek support from the whales, I think now it's better for us to see and wait where bitcoin goes next rather than rushing into it market, it will be very risky if we enter the market without doing the right analysis because all possibilities can happen later.

Yes, as I have said in another post, we have difficulty breaking the $40,000 barrier even next month. So if this happens, then we might see another downward spiral maybe hitting < $30,000. I know I sounded like a doom and loop, but it is what it is, we are in a bear market.

And since it is early this year, perhaps it's better to wait for the price to still go down a bit before entering the market.

That is what the charts indicate so I agree with you, the only way out is for some development to occur that shakes the market and makes it to go up again, but right now I do not see any kind of news that could do something like that.

So with that being said I think it is important to adjust our predictions about what the price of bitcoin could achieve during this year, I say this because a lot of people were expecting to see price above 100k, and at least for the moment it seems this is not going to be the case.

[Falconer]

That is what the charts indicate so I agree with you, the only way out is for some development to occur that shakes the market and makes it to go up again, but right now I do not see any kind of news that could do something like that.

So with that being said I think it is important to adjust our predictions about what the price of bitcoin could achieve during this year, I say this because a lot of people were expecting to see price above 100k, and at least for the moment it seems this is not going to be the case.

We can't expect bitcoin to hit $100K at a time like this as there is always a FUD rocking the market to prevent it from rising above $40K after the recent correction. I think people are considering whether this is the right time to buy or they decide to exit before the market resumes its correction.

The bitcoin price is currently at -46% of the previous ATH which has created a lot of doubts about the next bullish move. If the ATH pattern from April 2021 to November 2021 can be repeated in 2022 then that's great because we can expect another ATH in June 2022. But many people doubt it, myself included.

[wxa7115]

That is what the charts indicate so I agree with you, the only way out is for some development to occur that shakes the market and makes it to go up again, but right now I do not see any kind of news that could do something like that.

So with that being said I think it is important to adjust our predictions about what the price of bitcoin could achieve during this year, I say this because a lot of people were expecting to see price above 100k, and at least for the moment it seems this is not going to be the case.

We can't expect bitcoin to hit $100K at a time like this as there is always a FUD rocking the market to prevent it from rising above $40K after the recent correction. I think people are considering whether this is the right time to buy or they decide to exit before the market resumes its correction.

The bitcoin price is currently at -46% of the previous ATH which has created a lot of doubts about the next bullish move. If the ATH pattern from April 2021 to November 2021 can be repeated in 2022 then that's great because we can expect another ATH in June 2022. But many people doubt it, myself included.

Slowly but surely the price of bitcoin is making a comeback and now we are above the 44k level, we are still very far way from the ATH but this is a sign that bitcoin is recovering and it is moving towards the right path.

Still the 100k level seems to be way out of our reach, as even if the recovery has been important I do not see the volume and the strength necessary to sustain such a huge movement, especially when there is so much economic and politic uncertainty around the markets.

[fzkto]

It is becoming a nature or a nature in the Bitcoin price movement, that whenever a new price mark is achieved, there will be this price correction to retain a support zone and balance for a new price mark.
Am not much a pro in technical analysis but I'll say Bitcoin has dropped into the bear market zone, and this is one thing that could be some draw back to having new ATH, as this zone will be affecting the entire market. I don't really think this bear zone will be the one that will last for up to a year or more. This is a good time to buy the deep, with fingers crossed that it doesn't go any further or worst than the way it already is. If Bitcoin price should remain above the price mark of $30k+, that will be okay, but going below it, that will fill the market with blood and lots of coins might be dead while some becomes shitcoins.

Interesting to read your reasoning a week later when bitcoin is up almost 40%. So what if the bear market doesn't come now or even this year? And most of all I wonder - did you buy bitcoins on this correction or not? I'm not going to guess what the price will be in a month or six months, but I think you can just keep your coins and not pay attention to fluctuations. It turns out to be the best strategy in the end. Even those who bought bitcoins in 2017 for 20k and didn't sell them are now with good profits. I'm not even talking about what would have happened if they had not worred to invest and regularly restocked their coins. But there are probably very few people like that, because not everyone's mental health can stand the news background of a bitcoin crash. I think that now we can see the same situation.

[wxa7115]

It is becoming a nature or a nature in the Bitcoin price movement, that whenever a new price mark is achieved, there will be this price correction to retain a support zone and balance for a new price mark.
Am not much a pro in technical analysis but I'll say Bitcoin has dropped into the bear market zone, and this is one thing that could be some draw back to having new ATH, as this zone will be affecting the entire market. I don't really think this bear zone will be the one that will last for up to a year or more. This is a good time to buy the deep, with fingers crossed that it doesn't go any further or worst than the way it already is. If Bitcoin price should remain above the price mark of $30k+, that will be okay, but going below it, that will fill the market with blood and lots of coins might be dead while some becomes shitcoins.

Interesting to read your reasoning a week later when bitcoin is up almost 40%. So what if the bear market doesn't come now or even this year? And most of all I wonder - did you buy bitcoins on this correction or not? I'm not going to guess what the price will be in a month or six months, but I think you can just keep your coins and not pay attention to fluctuations. It turns out to be the best strategy in the end. Even those who bought bitcoins in 2017 for 20k and didn't sell them are now with good profits. I'm not even talking about what would have happened if they had not worred to invest and regularly restocked their coins. But there are probably very few people like that, because not everyone's mental health can stand the news background of a bitcoin crash. I think that now we can see the same situation.

This is why buying the dip is such an effective strategy if you are willing to hold your coins for the long term, after all even if the price of bitcoin goes down this is not the tragedy that everything thinks and instead it is a huge opportunity.

After all even if you happened to buy at a bad price, as all of those that bought bitcoin at the top of the 2017 bubble did, at the same time they had years to buy bitcoin for sub 10k prices and in many cases for sub 5k prices, that should have been more than enough to do DCA and drop the average price at which they bought bitcoin to the point that as soon as bitcoin went up and surpassed 10k they should have been in profits already, unfortunately very few people did this and instead they sold their coins for a bad price.

[jaberwock]

This is why buying the dip is such an effective strategy if you are willing to hold your coins for the long term, after all even if the price of bitcoin goes down this is not the tragedy that everything thinks and instead it is a huge opportunity.

After all even if you happened to buy at a bad price, as all of those that bought bitcoin at the top of the 2017 bubble did, at the same time they had years to buy bitcoin for sub 10k prices and in many cases for sub 5k prices, that should have been more than enough to do DCA and drop the average price at which they bought bitcoin to the point that as soon as bitcoin went up and surpassed 10k they should have been in profits already, unfortunately very few people did this and instead they sold their coins for a bad price.

Effective not only for the long term holders but buying at the dip works good too for a short and mid term holders because they too can earn a profit. A real tragedy is when someone buys at high price and he sells it for a loss just because they cannot wait anymore for the coin to comeback. The short and mid term holders are often affected with this.

It is actually normal that a coin will dump and it can take a long time for it to recover again after reaching a high price or a new ATH. This is why its advice that its better to buy at a much lower price or at the dip because the price of the coin is expect to recover easily right after this event.

[Oasisman]

This is why buying the dip is such an effective strategy if you are willing to hold your coins for the long term, after all even if the price of bitcoin goes down this is not the tragedy that everything thinks and instead it is a huge opportunity.

After all even if you happened to buy at a bad price, as all of those that bought bitcoin at the top of the 2017 bubble did, at the same time they had years to buy bitcoin for sub 10k prices and in many cases for sub 5k prices, that should have been more than enough to do DCA and drop the average price at which they bought bitcoin to the point that as soon as bitcoin went up and surpassed 10k they should have been in profits already, unfortunately very few people did this and instead they sold their coins for a bad price.

Effective not only for the long term holders but buying at the dip works good too for a short and mid term holders because they too can earn a profit. A real tragedy is when someone buys at high price and he sells it for a loss just because they cannot wait anymore for the coin to comeback. The short and mid term holders are often affected with this.

When maximizing your profit, short term trading might not be the most advisable one. Unless If you have a good experience and market knowledge and of course the risk appetite that will be the best way to maximize the profit in a short period of time. Now, If you're not really into short term trading like a lot of people is, long term holding is the easiest and less stressful way to maximize your profit in your Bitcoin investment. 
All you need to look at is the dip so you can accumulate more, or the bullrun to see If you have achieved your long term target.

[Quidat]

This is why buying the dip is such an effective strategy if you are willing to hold your coins for the long term, after all even if the price of bitcoin goes down this is not the tragedy that everything thinks and instead it is a huge opportunity.

After all even if you happened to buy at a bad price, as all of those that bought bitcoin at the top of the 2017 bubble did, at the same time they had years to buy bitcoin for sub 10k prices and in many cases for sub 5k prices, that should have been more than enough to do DCA and drop the average price at which they bought bitcoin to the point that as soon as bitcoin went up and surpassed 10k they should have been in profits already, unfortunately very few people did this and instead they sold their coins for a bad price.

Effective not only for the long term holders but buying at the dip works good too for a short and mid term holders because they too can earn a profit. A real tragedy is when someone buys at high price and he sells it for a loss just because they cannot wait anymore for the coin to comeback. The short and mid term holders are often affected with this.

When maximizing your profit, short term trading might not be the most advisable one. Unless If you have a good experience and market knowledge and of course the risk appetite that will be the best way to maximize the profit in a short period of time. Now, If you're not really into short term trading like a lot of people is, long term holding is the easiest and less stressful way to maximize your profit in your Bitcoin investment. 
All you need to look at is the dip so you can accumulate more, or the bullrun to see If you have achieved your long term target.

We do have our own preferences when it comes to things neither we do go for long term or short term and this would really be basing on your own capacity or knowledge on how
to handle and sustain up yourself when it comes to trading and not all would really be that similar in terms of skills and knowledge and thats why there are people who
do really end up on holding instead of making short term trades because they couldnt able to bare the risks but majority arent really that patient enough.

[STT]

People keep saying bear market but I dont think it is, its an epic pullback but welcome to Bitcoin this is what happens not just once but very often as it is a volatile asset.    The main reason we pull back so far is same dynamic as a boiling something over on your stove, it overheats and expands massively with alot of froth; however the underling levels for BTC are far more modest then the highest prices.     
   So here we are pulling back again, Im not going to say its a bear market just because we wont go up this month maybe not even next month.  I think we lost the trend up we just had, its gone unless we regain these current losses before the end of Sunday weekly candle.   Patience is key, the lowest prices have far greater confidence to their prices level and often more volume exists in these areas.

[Maslate]

People keep saying bear market but I dont think it is, its an epic pullback but welcome to Bitcoin this is what happens not just once but very often as it is a volatile asset.    The main reason we pull back so far is same dynamic as a boiling something over on your stove, it overheats and expands massively with alot of froth; however the underling levels for BTC are far more modest then the highest prices.     
   So here we are pulling back again, Im not going to say its a bear market just because we wont go up this month maybe not even next month.  I think we lost the trend up we just had, its gone unless we regain these current losses before the end of Sunday weekly candle.   Patience is key, the lowest prices have far greater confidence to their prices level and often more volume exists in these areas.

Indeed, the market is still healthy despite the huge full back. From $70k down to $32k, that was not enough to call a bear market. It is just how these doubters will think negatively once seeing the downside. This is not new to us but many were still not able to understand as they only know that every drop will lead to bear season and apparently, it was a big mistake and wrong market presumptions.
The market still floating $38k-$41k, corrections have something to offer us and that is giving us a chance to buy more.

[Jastetad]

People keep saying bear market but I dont think it is, its an epic pullback but welcome to Bitcoin this is what happens not just once but very often as it is a volatile asset.    The main reason we pull back so far is same dynamic as a boiling something over on your stove, it overheats and expands massively with alot of froth; however the underling levels for BTC are far more modest then the highest prices.     
   So here we are pulling back again, Im not going to say its a bear market just because we wont go up this month maybe not even next month.  I think we lost the trend up we just had, its gone unless we regain these current losses before the end of Sunday weekly candle.   Patience is key, the lowest prices have far greater confidence to their prices level and often more volume exists in these areas.

The price is a little bit confused because people are waiting for the coming decision of USA they are confused that what will be the decision for bitcoin for the state. If the decision will be to adopt bitcoin and to regularize then the price will see another ATH in the coming month.

[EdenHazard]

People keep saying bear market but I dont think it is, its an epic pullback but welcome to Bitcoin this is what happens not just once but very often as it is a volatile asset.    The main reason we pull back so far is same dynamic as a boiling something over on your stove, it overheats and expands massively with alot of froth; however the underling levels for BTC are far more modest then the highest prices.     
   So here we are pulling back again, Im not going to say its a bear market just because we wont go up this month maybe not even next month.  I think we lost the trend up we just had, its gone unless we regain these current losses before the end of Sunday weekly candle.   Patience is key, the lowest prices have far greater confidence to their prices level and often more volume exists in these areas.

Indeed, the market is still healthy despite the huge full back. From $70k down to $32k, that was not enough to call a bear market. It is just how these doubters will think negatively once seeing the downside. This is not new to us but many were still not able to understand as they only know that every drop will lead to bear season and apparently, it was a big mistake and wrong market presumptions.
The market still floating $38k-$41k, corrections have something to offer us and that is giving us a chance to buy more.

Then you think at what price range bitcoin price could be considered as bearish? 70k to 10k? The fact that bitcoin price has fallen half of it since the all time high back in few months ago.
We have been in the down trend since nov 2021 and my support line are at 29k .

If we passed down below that line , i think it could be mean a disaster for sure. 10k is near .

[TimeTeller]

People keep saying bear market but I dont think it is, its an epic pullback but welcome to Bitcoin this is what happens not just once but very often as it is a volatile asset.    The main reason we pull back so far is same dynamic as a boiling something over on your stove, it overheats and expands massively with alot of froth; however the underling levels for BTC are far more modest then the highest prices.    
   So here we are pulling back again, Im not going to say its a bear market just because we wont go up this month maybe not even next month.  I think we lost the trend up we just had, its gone unless we regain these current losses before the end of Sunday weekly candle.   Patience is key, the lowest prices have far greater confidence to their prices level and often more volume exists in these areas.

Indeed, the market is still healthy despite the huge full back. From $70k down to $32k, that was not enough to call a bear market. It is just how these doubters will think negatively once seeing the downside. This is not new to us but many were still not able to understand as they only know that every drop will lead to bear season and apparently, it was a big mistake and wrong market presumptions.
The market still floating $38k-$41k, corrections have something to offer us and that is giving us a chance to buy more.

Then you think at what price range bitcoin price could be considered as bearish? 70k to 10k? The fact that bitcoin price has fallen half of it since the all time high back in few months ago.
We have been in the down trend since nov 2021 and my support line are at 29k .

If we passed down below that line , i think it could be mean a disaster for sure. 10k is near .

I don't think we will go down to that 10k price level anymore.
$30k maybe, but it would need a negative news why we are going that low.
The bearish or bullish category in the market is actually vague for me.
It depends on what price level you are in reference here.
And for every person, they have their own level of bearish or bullish market.
So in terms of discussion, we need a reference here so we are all in the same page.
But people have their own opinions and so we are getting confused to what is the real bear or bull market here.