Bearish market continues?

[tygeade]

I feel more confident that the gains are still unconfirmed even though the bitcoin price rose after the price correction in May. Bitcoin has been sideways for some time and that shouldn't be taken as 100% a good indication, as there are actually indications of a decline or correction when a sideway occurs. Investors will certainly be much more wary of buying now and that causes the market to be less excited. Something good is always expected, but we must not forget that bitcoin has two possibilities for its price.

I do not think that bitcoin being sideways and turning into bear market is a possibility anymore. If it was such a possibility then the price would have gone down, but it didn't and the impending price is a lot higher according to all the indicators we have.

From MA to EMA, to BB, to even fear/greed index, when you look at everything, it looks like the price should be going up and I believe the same case, I believe that we are going to end up not getting any trouble at all. I fear that we should not be really losing hope about bitcoin, the price going down sounds like losing hope about bitcoin and it should not be like that, you should be trusting it to go up again.

[1715455844]

1715455844

[1715455844]

1715455844

[1715455844]

1715455844

[1715455844]

1715455844

[1715455844]

1715455844

[$crypto$]

Bitcoin is artificially raised and deflated in a narrow range. I think there could be a rebound very soon, because a lot of indicators say so. There were similar situations in 2018 and 2020, now it has been 2 years since the last dump too. The bad news because of the LUNA scam has affected the market negatively. Now it is left to consolidate and the road to the top is open.

More likely though, this is similar to 2018, which is obviously a bear market, so I don't think that we will rebound soon. Just probably in the range of $30k'ish for sometime.

The Luna scam effect has been forgotten in my opinion, yes, lots of investors lost their money, but we've gotten to the point that we have move already from that debacle and no longer has that effect on bitcoin investors. Still the war and the inflation that really put a dent on us.

Indeed it will be more prolonged as a bear market with an immediate recovery it is unlikely but there is some talk from news bitcoin can redeem good prices again after sideways but I'm not sure because this is likely to happen in the next few months as an uncertain market.

Not only that and indeed with the Luna scam, many people are trapped in not being able to recover their assets even though there is an airdrop from Luna v2 that doesn't make them return their capital, maybe they have to start again as the main investment in bitcoin.

[virasog]

Bitcoin is artificially raised and deflated in a narrow range. I think there could be a rebound very soon, because a lot of indicators say so. There were similar situations in 2018 and 2020, now it has been 2 years since the last dump too. The bad news because of the LUNA scam has affected the market negatively. Now it is left to consolidate and the road to the top is open.

More likely though, this is similar to 2018, which is obviously a bear market, so I don't think that we will rebound soon. Just probably in the range of $30k'ish for sometime.

The Luna scam effect has been forgotten in my opinion, yes, lots of investors lost their money, but we've gotten to the point that we have move already from that debacle and no longer has that effect on bitcoin investors. Still the war and the inflation that really put a dent on us.

The luna big scandal are indeed making crypto a bit looks bad.

But of course not completely bad , it's just a shovk theraphy that might last for short time , im pretty sure about that.
Despite yeah if we zoom in a bit about how bitcoin price looks so bear if you set the time frame of 2020 to 2022 now .. but actually we always bullish , keep that in mind and you are doing just good.

Yes, this Luna scandal was one of the biggest rug pull in this history. People don't name it scam or rug pull but you never know the inside story.
I do not know how much more time it will take for the market to show some positive moments. Bitcoin is bearish for the last few months and we do not see any bulls stepping forward to control the market.

[BITCOIN4X]

~Snip
I fear that we should not be really losing hope about bitcoin, the price going down sounds like losing hope about bitcoin and it should not be like that, you should be trusting it to go up again.

Optimistic, yes we have to stay optimistic about something good on the bitcoin price. In the long term there will probably be no doubt, but some concerns are possible in the short term. I believe the price will recover and we will see a break of resistance, but it may take some time for that given that several attempts towards the $35K level still failed after dump to $26K on May 12th.

[decodx]

~Snip
I fear that we should not be really losing hope about bitcoin, the price going down sounds like losing hope about bitcoin and it should not be like that, you should be trusting it to go up again.

Optimistic, yes we have to stay optimistic about something good on the bitcoin price. In the long term there will probably be no doubt, but some concerns are possible in the short term. I believe the price will recover and we will see a break of resistance, but it may take some time for that given that several attempts towards the $35K level still failed after dump to $26K on May 12th.

I am keeping my previous optimistic projections for the next week and think that in the very near future we could see the price pushing to $35K. But, breaking through the $30,500 resistance is the first and most critical step here. If this resistance level is broken, we can expect to see a short term rally to the $32,000 level with a lot of money flowing back into the bullish direction. Let's see where it takes us then…

[OgNasty]

I don’t know how long this bearish market will continue, but I have a feeling it will be until the mtgox coins are distributed and the ETH 2.0 locked coins can move again.

One thing I will say is that most of the people I know who suddenly took an interest in “crypto” as Bitcoin was brushing up against all time highs are no longer invested. That’s a good first step in clearing out speculation and leverage so we can return to a healthy market.

[Gianluca95]

I don’t know how long this bearish market will continue, but I have a feeling it will be until the mtgox coins are distributed and the ETH 2.0 locked coins can move again.

One thing I will say is that most of the people I know who suddenly took an interest in “crypto” as Bitcoin was brushing up against all time highs are no longer invested. That’s a good first step in clearing out speculation and leverage so we can return to a healthy market.

My feeling is that Bitcoin will start to rise when Quantitative easing from the FED will be released. At the moment, with the falling of market, you shouldn't expect a rise of bitcoin. We should be prepared for a bear market

from here to at least the next year. Once nasdaq will start to rise thanks to grow or quantitative easing, maybe we can look at Bitcoin.

[bitzizzix]

~Snip
I fear that we should not be really losing hope about bitcoin, the price going down sounds like losing hope about bitcoin and it should not be like that, you should be trusting it to go up again.

Optimistic, yes we have to stay optimistic about something good on the bitcoin price. In the long term there will probably be no doubt, but some concerns are possible in the short term. I believe the price will recover and we will see a break of resistance, but it may take some time for that given that several attempts towards the $35K level still failed after dump to $26K on May 12th.

I am keeping my previous optimistic projections for the next week and think that in the very near future we could see the price pushing to $35K. But, breaking through the $30,500 resistance is the first and most critical step here. If this resistance level is broken, we can expect to see a short term rally to the $32,000 level with a lot of money flowing back into the bullish direction. Let's see where it takes us then…

Optimism will increase our confidence in bitcoin and bitcoin movement should touch the $33,500 level to start a bullish phase towards the $35,000 price which I think is still struggling to reach that price.
and if bitcoin is unable to maintain its current level or returns to a price below $30,000, it will continue its bearish period reaching $28,000. But certainly will rise again above $ 30,000 in the near future.
It is difficult to predict the bitcoin price accurately for the short term because the accurate only applies to the long term.

[fzkto]

Bitcoin is artificially raised and deflated in a narrow range. I think there could be a rebound very soon, because a lot of indicators say so. There were similar situations in 2018 and 2020, now it has been 2 years since the last dump too. The bad news because of the LUNA scam has affected the market negatively. Now it is left to consolidate and the road to the top is open.

More likely though, this is similar to 2018, which is obviously a bear market, so I don't think that we will rebound soon. Just probably in the range of $30k'ish for sometime.

The Luna scam effect has been forgotten in my opinion, yes, lots of investors lost their money, but we've gotten to the point that we have move already from that debacle and no longer has that effect on bitcoin investors. Still the war and the inflation that really put a dent on us.

Indeed it will be more prolonged as a bear market with an immediate recovery it is unlikely but there is some talk from news bitcoin can redeem good prices again after sideways but I'm not sure because this is likely to happen in the next few months as an uncertain market.

Not only that and indeed with the Luna scam, many people are trapped in not being able to recover their assets even though there is an airdrop from Luna v2 that doesn't make them return their capital, maybe they have to start again as the main investment in bitcoin.

I agree that the bear market could last for a few more years, but now we have been down for five months in a row and there is sure to be a bounce. Almost all altcoins in general are at a historical bottom, which have fallen much harder than bitcoin. If bitcoin continues to fall much lower than it is now, it will be a tragedy for all other coins.

[jostorres]

Yesterday the bitcoin price was close to $32k but now it's dropping again to around $29k, of course this is a strong indication that 2022 will repeat the 4-year trend, the best thing I do is do nothing, I'm optimistic that the market will rise again soon so if I sell now then can regret.

do Nothing? why not Buy more instead of that mate? doing nothing is like completely Holding without adding in which I believe is an old fashion way of dealing in crypto because nowadays the volatility of market is bringing us opportunity mostly so Buy the coin you wanted to Hold? and sell it when the price went up.
that isn't hard to understand so do it with your funds and be a profiting soon.

He can say those things maybe because he was done buying, as we know we have been in this bear for a such a long time now. Some people have no more funds left to continue buying. I know they can do your advice of selling once the price increase a little but this is more of a trading already and not investing, and what if their goal is only to invest for long term? Because, for them that is the only way to earn bigger income without exerting much effort.

@Sir Legend if the market is following a 4 year cycle that means, we are following the market of 2018? Oh no, so that means this whole year is going to be bearish, am I right with that?

[Jating]

^^ By now you should know that we are indeed in the bear market we down more than 50% from our last all time high. As much as we don't like it to happen or see it again, it will have to come unfortunately. And based on our last experience, the price could still go down further as many believed that we haven't reach the bottom yet (including me). They are looking at around $20k at least as the last point wherein investors are going to sell and has been pressured to sell by the declining situation. And again, it we look at bitcoin's bear market and the subsequent returns, it might take years again for a healthy market.

[dunfida]

^^ By now you should know that we are indeed in the bear market we down more than 50% from our last all time high. As much as we don't like it to happen or see it again, it will have to come unfortunately. And based on our last experience, the price could still go down further as many believed that we haven't reach the bottom yet (including me). They are looking at around $20k at least as the last point wherein investors are going to sell and has been pressured to sell by the declining situation. And again, it we look at bitcoin's bear market and the subsequent returns, it might take years again for a healthy market.

We are now keeping on speculating about the possible bottom price in the market considering on how many times that we had dip down and goes up or some recovery then goes down once again.

It would really be putting up on the situation where you would really be boggling up your mind on what would be the possible next movement of the price.Bear market or bull market it doesnt matter

because we are all still having that same question in mind like whats the bottom or peak price?

[coolcoinz]

@Sir Legend if the market is following a 4 year cycle that means, we are following the market of 2018? Oh no, so that means this whole year is going to be bearish, am I right with that?

It's not certain that the market works this way. The cycles are determined by halvings which are bullish events leading to reversals if no reversals have appeared yet. This doesn't mean a reversal cannot appear from different reasons like a spot ETF being approved or another country accepting Bitcoin as a legal tender.

We could be waiting until 2024 for the run up to new ATH, but we could also see it much earlier. The reason people feel like there are 4 years cycles is that in the last 2 bear markets people became so negative for such a long time that we had to wait for the halving to lift the market out of this state, but as you can see the 2014 bear market was 100% negative, but 2018-19 already had a nice rally attempt to 13k which was a 300% rise from the bottom. It wasn't waiting for the halving to rise.
This cycle is again much different because the rally was very small followed by a 50% correction and then we went up again and had another 50% correction that went deeper only because luna scammers dumped their coins making the price more unstable.

Nothing is written in stone. There's no rule that we have to repeat the same cycle every time. The volume of trading shows that the cycles aren't similar. In 2018 the volume was 10 times higher than it is now. There's almost no coins on exchanges at this point.

[Kelvinid]

The last bear season runs for almost 3 years before the price started to pick up,


Though, I'm not going to believe about history repeats itself but still, I was seeing there is no such easy recovery to be done. Yes, we could expect for months or a year to see the market rallying again. I could presume that we got this scenario till the end of this year.

[lixer]

I don’t know how long this bearish market will continue, but I have a feeling it will be until the mtgox coins are distributed and the ETH 2.0 locked coins can move again.

One thing I will say is that most of the people I know who suddenly took an interest in “crypto” as Bitcoin was brushing up against all time highs are no longer invested. That’s a good first step in clearing out speculation and leverage so we can return to a healthy market.

My feeling is that Bitcoin will start to rise when Quantitative easing from the FED will be released. At the moment, with the falling of market, you shouldn't expect a rise of bitcoin. We should be prepared for a bear market

from here to at least the next year. Once nasdaq will start to rise thanks to grow or quantitative easing, maybe we can look at Bitcoin.

They say that the bear is caused by fed so maybe fed is also the one that can solve this problem and finally turn the market into bull. They are powerful than everyone else but we common individuals are also doing our part to help the market return to normal. Thanks for the info, yes for now we shouldn't expect any rise until the fed is done with that quantitative easing.

We are already in the bear so no worries because people aren't shocked anymore but if what you mean prepare for another drop? Well yes we will prepare for it as well. Btc is the first coin that people look for whenever there is a bear, simply because the coin is already proven for years.

[Yaunfitda]

The last bear season runs for almost 3 years before the price started to pick up,

Though, I'm not going to believe about history repeats itself but still, I was seeing there is no such easy recovery to be done. Yes, we could expect for months or a year to see the market rallying again. I could presume that we got this scenario till the end of this year.

At least lets say that this will be the scenario at the end of 2022. I know it's really sound bad for everyone, but then again, we've get over the hump the last bear market (for those who have been here), 2018 until after the block halving in 2020. So that's really long, but hey we are still standing was able to survived that long bearish trend. So there's no difference at all this bear cycle again. The same mentally and mindset and the same strategy so that we can be strong and pull through.

[Fatunad]

The last bear season runs for almost 3 years before the price started to pick up,

Though, I'm not going to believe about history repeats itself but still, I was seeing there is no such easy recovery to be done. Yes, we could expect for months or a year to see the market rallying again. I could presume that we got this scenario till the end of this year.

At least lets say that this will be the scenario at the end of 2022. I know it's really sound bad for everyone, but then again, we've get over the hump the last bear market (for those who have been here), 2018 until after the block halving in 2020. So that's really long, but hey we are still standing was able to survived that long bearish trend. So there's no difference at all this bear cycle again. The same mentally and mindset and the same strategy so that we can be strong and pull through.

Only new fellas would really be having these kind of reaction and perceptions towards the market on having a very long bearish run but for those who had been here on this market for a while
or for a couple or long years then we are already get used into this condition on where it could really run for a couple of years on where price arent really moving that much or doesnt
really make out some significant movement and its true that we are still here and standing on which we are really that waiting for those times where the market will make out some
u-turn or significant move.No one knows on whats coming and on when it would happen.

[19Nov16]

Don't worry about the current trend, we have experienced a worse period than now, but the fact is Bitcoin can rise and skyrocket again, I'm sure the negative trend will soon end and this year we can pass New Ath, focusing with buying and hold is my best suggestion to get huge profit.

[Jody.Drummer]

The last bear season runs for almost 3 years before the price started to pick up,

Though, I'm not going to believe about history repeats itself but still, I was seeing there is no such easy recovery to be done. Yes, we could expect for months or a year to see the market rallying again. I could presume that we got this scenario till the end of this year.

At least lets say that this will be the scenario at the end of 2022. I know it's really sound bad for everyone, but then again, we've get over the hump the last bear market (for those who have been here), 2018 until after the block halving in 2020. So that's really long, but hey we are still standing was able to survived that long bearish trend. So there's no difference at all this bear cycle again. The same mentally and mindset and the same strategy so that we can be strong and pull through.

What needs to be done is just sit back and watch because regardless of anything, something like this will definitely happen and indeed we can't go through things like that only with panic, especially with so many assumptions and that's what makes panic even more.
I prefer to enjoy the plot that is happening while it is now Bearish so what? Bearish pair is Bullish and it will continue to pair so that when Bearish finishes everything will return Bullish

[Gianluca95]

That seems sir. I guess that is better for you to learn to become a short trader, until the next year you wouldn't see anything of good, price of bitcoin will be stable or maybe we'll also discover new minimum. Stay away from

trading, it is really dangerous if you don't have any experience in doing it.