Bullish VS Bearish

[STT]

Teetering on precipice once more, we had a large green candle upto 23k on the 4hr chart and I think thats a fair value for the near term judgement of this last rebound.   If we can hold this line and build above I think we'll see more exciting gains occur possibly develop.


Recent high was 50% of the June peak to the June low, a rapid area of change we could recover and revise back in this current action. Lows right now are 38% and blue line is weekly average, hence it would seem quite good indication of our strength and fair judgement of positive or negative progression from here.

[Lantind]

I think for one to truly understand the market they need to be aware of both the bullish and bearish cases for Bitcoin. There are many of each. I personally think that Bitcoin has broken the barrier of acceptance and as a result of Wall Street wanting to offer it as a new financial asset class to be managed will perform quite well. However, I also recognize that hodling has no value and Bitcoin could easily be surpassed by another more useful form of cryptocurrency. I guess as an investor you have to weigh each side and decide which will be right and which will not.

Not just understand, but at least experienced both bearish and bullish cycle. And then they can decide what will be the best strategy on both cycles. Personally, I already experience it, but still a lot of learning curve. I guess the Wall Street entering the picture was a big thing for us. Specially at the end of the bullish cycle in 2017, where CME and CBoE enters the picture. Anyhow, we've seen that governments are also getting into the market so we all know that in fact bitcoin or some crypto will be useful and going to stay for so long because of that kind of adoption.

When talking about crypto people will definitely go towards the development of Bitcoin, that's why bitcoin is the most talked about and most valuable for now, adoption is needed to strengthen the coin, although other influences are also needed for the strength of certain coins, but the Bitcoin journey cycle has entered the quarterly category , meaning that yearly conditions can lead them to correct or strengthen, but that does not indicate that bitcoin has left or stopped strengthening, just for reasons of correction

[mumang siat]

There is a tendency to put money in the crypto market for now, many people believe that the investment source here is very safe in conditions of a weak dollar, the trend for bitcoin is also heading to the recovery stage, although this will not fully recover in the future, therefore many investors have starting to re-enter the crypto market, so this is a permanent choice to make purchases, just need to wait for a complete recovery to get maximum profit and hopefully this year will be the next step of achieving ATH

The dollar is still very strong at the moment and is not yet in a weak state. If you don't believe me, try to look at the current dollar price on any exchange as well as stable coins whose price is adjusted to the current dollar. There must be an increase in the price now. And other cryptocurrencies are now still experiencing a very small percentage drop and I don't think it will be that long either because the price bounce up in this month will be back in the market even though it's still very far from the ATH it used to be.

Right now it is true that the dollar is strong, in fact the price increase is much more stable compared to last month, the percentage of cryptocurrencies has decreased a little but there is also a big one, I don't think to find new ATH in the next few weeks, but I believe for cryptocurrencies others will experience a slow recovery going forward, if you look at the current market scheme

Why is this happening? Since you said we're going lower, I'm convinced. Taking into account the lost amounts when bitcoin fell with the dollar, it will probably take a few years before we see money flowing back into crypto. Market sentiment is the opposite of what I believe. When the majority is poor, don't think like the majority. At the moment, the poor are bearish, making it difficult to reach new ATHs soon. As of yet, we have not seen a bottom. However, I am not convinced that it has been floored.

Market sentiment is a common thing that continues to happen, this reaction is what makes corrections and strengthening will continue, bitcoin and the dollar both have the power to find ATH, but if you look at current conditions it is unlikely to happen, the majority of people will re-enter the market, if the the correction will recover slowly, so it is still very possible that in the future the recovery will occur slowly, even though the ATH achievement does not have any signs

[CapGelatik]

The development of the world economy and the potential for a recession is indeed very interesting to follow, especially in the crypto market in this case BTC. There are many views from some financial analysts, analyzing the value of BTC will fall to US $ 1,100 price and some say Bitcoin is very bullish going forward. How does BTC answer it as the King of the Crypto world???

Bitcoin will fall at $1100? wow, that's a very unreasonable statement, I can guarantee Bitcoin will not go down to $1100,
Bitcoin is different from 10 years ago, haven't you seen the news about samsung, paypal, tesla and many other big companies holding bitcoin?,
yes that's why Bitcoin won't plunge to $1000.

[Baofeng]

I think for one to truly understand the market they need to be aware of both the bullish and bearish cases for Bitcoin. There are many of each. I personally think that Bitcoin has broken the barrier of acceptance and as a result of Wall Street wanting to offer it as a new financial asset class to be managed will perform quite well. However, I also recognize that hodling has no value and Bitcoin could easily be surpassed by another more useful form of cryptocurrency. I guess as an investor you have to weigh each side and decide which will be right and which will not.

Not just understand, but at least experienced both bearish and bullish cycle. And then they can decide what will be the best strategy on both cycles. Personally, I already experience it, but still a lot of learning curve. I guess the Wall Street entering the picture was a big thing for us. Specially at the end of the bullish cycle in 2017, where CME and CBoE enters the picture. Anyhow, we've seen that governments are also getting into the market so we all know that in fact bitcoin or some crypto will be useful and going to stay for so long because of that kind of adoption.

I think that's the one that he mean, to experience the real thing because reading to understand is the same as being aware. Both are just lite but the real thing will be to experience the real thing. The best strategy once we are in a bear is to buy and hold, or if there are small fluctuations, small short trades can also works wonder while if we are in a bull run, it's obvious that the best strategy is only to sell.

I wouldn't advise to get a little greedy and hodl or buy some more as it's pretty risky. Wall street and other big names in the financial industry are good thing. Government getting into the market however are not always positive because sometimes they can order rules which are against to crypto.

It's just government though, It won't hav a big effect on the crypto market, there are even world financial body that has somewhat trying to impose regulations. They may have some successes as crypto exchange will have to follow like KYC and others.

And still though, we wanted to see the price to go and touch $25k, so far its not going to happen, the psychological barrier is to big to break right now although we have remain above $23k for quite sometime. Maybe we will see break out run later.

[Oasisman]

The development of the world economy and the potential for a recession is indeed very interesting to follow, especially in the crypto market in this case BTC. There are many views from some financial analysts, analyzing the value of BTC will fall to US $ 1,100 price and some say Bitcoin is very bullish going forward. How does BTC answer it as the King of the Crypto world???

Bitcoin will fall at $1100? wow, that's a very unreasonable statement, I can guarantee Bitcoin will not go down to $1100,
Bitcoin is different from 10 years ago, haven't you seen the news about samsung, paypal, tesla and many other big companies holding bitcoin?,
yes that's why Bitcoin won't plunge to $1000.

That's actually possible. I don't mean to be biased here because I myself is a Bitcoin enthusiast, but realistically that's possible to happen. Though not in this current timeline, but somewhere in the future if people decides to leave Bitcoin. But right now and in the next coming years, that's most likely not going to happen.

[Yamifoud]

Bitcoin will fall at $1100? wow, that's a very unreasonable statement, I can guarantee Bitcoin will not go down to $1100,
Bitcoin is different from 10 years ago, haven't you seen the news about samsung, paypal, tesla and many other big companies holding bitcoin?,
yes that's why Bitcoin won't plunge to $1000.

That's actually possible. I don't mean to be biased here because I myself is a Bitcoin enthusiast, but realistically that's possible to happen. Though not in this current timeline, but somewhere in the future if people decides to leave Bitcoin. But right now and in the next coming years, that's most likely not going to happen.

Perhaps, we don't know which I agree this might happen, but that was the worse scenario ever and when people are hopeless about Bitcoin. But as to see that the interest of the crowd is growing, adoption is increasing, and more development, it was very unlikely to see Bitcoin will fall that bad.
Well, optimistic people will keep positive about the future of Bitcoin but those who live in doubt will remain doubtful forever.

[blockman]

That's actually possible. I don't mean to be biased here because I myself is a Bitcoin enthusiast, but realistically that's possible to happen. Though not in this current timeline, but somewhere in the future if people decides to leave Bitcoin. But right now and in the next coming years, that's most likely not going to happen.

Yes, technically it's possible.
But if we're going to look at what's happening with the market right now and with all of the surrounding news like the big ones from the US. I don't think that we'll ever step back there.
People are still thinking about what happened in 2018 after bitcoin went from an ATH and then dumped too low. Many considers that we've been there already on this year and that's why each recover that we get is becoming an encouragement and a better outlook in the current's price.

[OgNasty]

I feel like in the short term the market may be getting a little too bullish.  Especially retail investors.  Institutions are getting in now because they see an opportunity to get mtgox coins on the cheap and they've already started buying to make sure they buy through the entire dip.  This to me means it's highly likely that once they've filled their bags a correction will ensue.  It may be short lived, a matter of weeks or a few months, but it would seem like a healthy development.  Still, it feels like the move is to hold until after this recession is in the rear view and be rewarded with the recovery, if you are able.

[$crypto$]

That's actually possible. I don't mean to be biased here because I myself is a Bitcoin enthusiast, but realistically that's possible to happen. Though not in this current timeline, but somewhere in the future if people decides to leave Bitcoin. But right now and in the next coming years, that's most likely not going to happen.

Perhaps, we don't know which I agree this might happen, but that was the worse scenario ever and when people are hopeless about Bitcoin. But as to see that the interest of the crowd is growing, adoption is increasing, and more development, it was very unlikely to see Bitcoin will fall that bad.
Well, optimistic people will keep positive about the future of Bitcoin but those who live in doubt will remain doubtful forever.

Anything can happen in crypto for a severe dump but for bitcoin, I'm not sure this no one can control even if it's a whale because for me believe the deepest line it won't happen to repeat history to the price of $1000.
In fact we see very good growth from now onwards, however I see from the adoption that has been carried out by major changes and heard news that several other countries will also use blockchain technology this is a rapid development here we are sure that bitcoin is not going down to $1000 that's pretty much impossible for me.
Never have any doubts because it will get positive things ahead with big profits.

[doomloop]

Perhaps, we don't know which I agree this might happen, but that was the worse scenario ever and when people are hopeless about Bitcoin. But as to see that the interest of the crowd is growing, adoption is increasing, and more development, it was very unlikely to see Bitcoin will fall that bad.
Well, optimistic people will keep positive about the future of Bitcoin but those who live in doubt will remain doubtful forever.

Bitcoin will definitely stay high now, and I do not think that it will drop that badly at all. People who think that there is a chance bitcoin drop badly are the people who do not trust bitcoin and not fully understand it. I personally do understand it and I think it is going to be doing just fine.

Yeah, there are some drops time to time but realize that all those big drops always comes after a huge increase. We were at around 7k at the start of 2020, and peaked at 68k during 2021, so what if we dropped to 18k at bottom? That's fine, it is still 2.5x bigger than where we were just 2 years ago, if you invested during that time, you should be fine. Just as you would be fine if you invest right now.

[dark1234]

I myself think the assumptions and opinions about the future prediction of bitcoin to the point of touching the XXXX price are very funny and too obvious a lie to bring down bitcoin, because this is very unlikely to happen.
  Seeing the historical journey of bitcoin, which is getting more and more bridled and dropped, even more people are joining it.
by developing the system and technology bitcoin so that altcoins are created as a complement to the shortcomings and future needs.
for the market price that occurs in bitcoin now is a natural thing in the trading market order in the economy, there is no need to worry because stocks, money and whatever are like that

[onecall123]

I myself think the assumptions and opinions about the future prediction of bitcoin to the point of touching the XXXX price are very funny and too obvious a lie to bring down bitcoin, because this is very unlikely to happen.
  Seeing the historical journey of bitcoin, which is getting more and more bridled and dropped, even more people are joining it.
by developing the system and technology bitcoin so that altcoins are created as a complement to the shortcomings and future needs.
for the market price that occurs in bitcoin now is a natural thing in the trading market order in the economy, there is no need to worry because stocks, money and whatever are like that

However, people will continue to make the same assumptions. Suppose a bull market starts around XXXX, but that's probably a lie and very unlikely to happen. You should do your research, and you shouldn't do anything you will regret. I guess we'll have to wait and see. It is really difficult for me to understand why the markets are still rallying so hard. Some of the price has been regained as the market seems to have stabilized. Regardless, I'm opening my positions. Does Bitcoin have a chance of breaking 30K this month? Nevertheless, I wouldn't be surprised if it drops further in the near future.

[Shasha80]

A success investors always have a chance to profit, cryptocurrencies, especially bitcoin, become the most popular assets of trading, even when the market is bearish, many buying is a better thing, most people will panic when they see the price of drops but investors who have a future view will be keep buying.

Most people will panic if they see a bearish trend, because they think the market will not recover again. But for experienced investors who have
managed to make a profit from investing in crypto, look at the bear market for sure from the positive side. Because it's a bear market, we really
don't need to panic and as long as we invest in potential coins, everything will be fine. If we want to make big profits, we don't buy when it's a bullish
trend, but we buy when it's a bearish trend, which is where crypto prices are very low. That's why during a bear market like now we shouldn't
sell our coins, but we have to collect as many coins as possible. Choose the best coins to buy, and for now Bitcoin is the best coin. So don't waste
our chance to be able to collect as much Bitcoin as possible during a bear market.

[kro55]

I myself think the assumptions and opinions about the future prediction of bitcoin to the point of touching the XXXX price are very funny and too obvious a lie to bring down bitcoin, because this is very unlikely to happen.
  Seeing the historical journey of bitcoin, which is getting more and more bridled and dropped, even more people are joining it.
by developing the system and technology bitcoin so that altcoins are created as a complement to the shortcomings and future needs.
for the market price that occurs in bitcoin now is a natural thing in the trading market order in the economy, there is no need to worry because stocks, money and whatever are like that

However, people will continue to make the same assumptions. Suppose a bull market starts around XXXX, but that's probably a lie and very unlikely to happen. You should do your research, and you shouldn't do anything you will regret. I guess we'll have to wait and see. It is really difficult for me to understand why the markets are still rallying so hard. Some of the price has been regained as the market seems to have stabilized. Regardless, I'm opening my positions. Does Bitcoin have a chance of breaking 30K this month? Nevertheless, I wouldn't be surprised if it drops further in the near future.

In a bull market there are also slight declines and conversely, in a bear market there are short-term rallies and this makes a lot of people misunderstand or follow Fomo that the bull market has come, they will buy and think that buying from here will be profitable.

Currently, bitcoin is moving sideways in a tight range of $23k, and I believe the top for the rally could be 27k-28k, which would convince investors that the bear market is over and then markets begin to decline. I believe that a sharp decline is imminent, we should still be careful, nothing is certain here.

[Rufsilf]

snipped~

That's why during a bear market like now we shouldn't
sell our coins, but we have to collect as many coins as possible. Choose the best coins to buy, and for now Bitcoin is the best coin.

As long as you can afford to lose more, then invest more.
This bear season gives us the chance to buy potential coins at a cheap price but somehow, many people still don't get it instead, they look for the bottom and waited for it (just a waste of time). Thus, if we are on the look for a better future in investing in crypto, we don't need to wait for the bottom but have to grab the chance now and hold until the market turns bullish again.

[Uruhara]

I entered this forum because I feel that the potential for bitcoin is huge in the future and of course it will remain the king of crypto. So obviously I don't believe bitcoin will fall to $1100 for now. unless the 10 largest exchanges in the world go bankrupt. I see a bullish trend which will then become new ATH.

[Kelvinid]

I entered this forum because I feel that the potential for bitcoin is huge in the future and of course it will remain the king of crypto. So obviously I don't believe bitcoin will fall to $1100 for now. unless the 10 largest exchanges in the world go bankrupt. I see a bullish trend which will then become new ATH.

That was the mindset. Yeah, we are hopeful that everything went well in the future and that Bitcoin will never disappoint us. Despite of the situation whether it was bearish or bullish, we still invest and risk some money for this believing that we can make a huge profit in the future, not that we think its price will drop and gives us losses. We really think it was impossible as it was not how it looks like.

[Captain Corporate]

I mean thinking that bitcoin would never betray you, is actually quite true if you look at it from a long term investors point of view. I am not saying that it will be impossible for it to go down, all I am saying is that it would be uncommon for it to not recover. Which means that, no matter what price you bought your bitcoin for, eventually it will be topped and there will be a better price eventually. Hence why I believe that we shouldn't be really shocked to learn bitcoin as a great investment asset. Maybe you will not see it, maybe some others won't, but I always see it that way for sure, without a doubt.

[Kemarit]

I entered this forum because I feel that the potential for bitcoin is huge in the future and of course it will remain the king of crypto. So obviously I don't believe bitcoin will fall to $1100 for now. unless the 10 largest exchanges in the world go bankrupt. I see a bullish trend which will then become new ATH.

The market has matured already, and there is no like Mt. Gox right now, we have a lot of crypto exchanges, so meaning there is more opportunity to buy Bitcoin, unlike before wherein it was only Mt. Gox and then when it was hack, everything went down and it took years for us to bounce back and recover. Although we still have the bear and bulls fighting it out, and that is the beauty because even if they are a contrasting sentiments, we can still take advantage of every situation to at least squeeze and make some money. And in the next bullrun, for sure we will eventually hit another all time high.