Is bitcoin bear market over?

[Coyster]

No it isn't over imo, i might be completely wrong but i don't think this uptrend will be sustainable for too long since we are still in a bear market, and i prolly expect Bitcoin to drop back low yet again, but for weeks now the price has looked good, though it isn't appreciating like when in a bull market, neither is it going too low either. Having said that, i think we should prolly watch out and see what happens in the next couple of months before we can draw our personal conclusions, but in the meantime i'd rather accumulate than worry too much about the state of the market we're in right now, the price is low and that's crucial.

[Charles-Tim]

so many people that sold the bottom in the comments, so many that sold and thought btc will hit 10k. wonder what they going to do when btc hits new all-time highs, without reaching 10k.
now it is near 24,000, so it is the time to buy.

Just like 2017/2018, when bitcoin reached all-time-time, it falled from $19600 to $3100 in December 2018, such abrupt fall also occured in 2021/2022, bitcoin falled from $69800 to $17500. If history repeats itself, bitcoin may never falled below $17000 before it would reach all-time-time, even if falled below, the price would not be that much lower than $17000 in my opinion.

About buying and holding bitcoin, it is not a wrong time to buy at all, its all-time-time was $69000, it falled to $17500, now at $23800, a very good time to buy. Its all-time-time would be much higher, but it could take a year or more before reaching all-time-time.

[Johnyz]

so many people that sold the bottom in the comments, so many that sold and thought btc will hit 10k. wonder what they going to do when btc hits new all-time highs, without reaching 10k.
now it is near 24,000, so it is the time to buy.

You can still buy of course but you should be mindful about the price since its quiet expensive now and the price might have a correction along the way so better to wait for that or you can take the risk now and see if the market will continue to pump or not. BTC price is already in a good position, this might be the confirmation that bear has already ended and we are now moving slowly into a new bull market.

[sheenshane]

so many people that sold the bottom in the comments, so many that sold and thought btc will hit 10k. wonder what they going to do when btc hits new all-time highs, without reaching 10k.
now it is near 24,000, so it is the time to buy.

The bear market it's not over yet, though there's a small resistance from time to time it will create a correction like we experienced so many times.
Bitcoin price doesn't have infinite growth and every time there's a bounceback on the price it will also have a small correction but no doubt in the end it will create an all-time high price.  So I voted No.

You've asked if it's the right time to buy, my answer depends.
I'd rather suggest you buy in a DCA way which is pretty safe for wise investors who are always afraid when the market pump and possibly panic selling.
Holding a long term would be better than worrying every day about the market price.

[Rufsilf]

so many people that sold the bottom in the comments, so many that sold and thought btc will hit 10k. wonder what they going to do when btc hits new all-time highs, without reaching 10k.
now it is near 24,000, so it is the time to buy.

You can still buy of course but you should be mindful about the price since its quiet expensive now and the price might have a correction along the way so better to wait for that or you can take the risk now and see if the market will continue to pump or not. BTC price is already in a good position, this might be the confirmation that bear has already ended and we are now moving slowly into a new bull market.

No, we're not, what is the basis of saying the bear season is over? Those few pumps are not enough to say that Bullrun is coming, it was just we normally see the market moving up and down. We can just say it was maybe if we are halfway close to the last ATH which apparently is still far from it. We're not over yet and we need not be confident about these pumps.

[buwaytress]

Yeah, price is at much better levels now than several weeks ago when I was more active, and maybe sentiment has somewhat improved but still think we are as deep in uncertainty as we were then.

Price in the short term is a funny thing, sentiment as fickle as the ticker colour.

24k is a good buy in price, but really, in the long term, what isn't?

[BlackBaron]

so many people that sold the bottom in the comments, so many that sold and thought btc will hit 10k. wonder what they going to do when btc hits new all-time highs, without reaching 10k.
now it is near 24,000, so it is the time to buy.

I may have to believe, it seems the bear market is really over basically, I think this is a good opportunity to buy, but I don't know, maybe I'm right or wrong, for sure I see the crypto market is not moving downwards again as expected.

Also I'm a little confused about market speculation some say it's not over yet and some say it's over.

[rodskee]

so many people that sold the bottom in the comments, so many that sold and thought btc will hit 10k. wonder what they going to do when btc hits new all-time highs, without reaching 10k.
now it is near 24,000, so it is the time to buy.

If we can only  find the perfect answer then we are all safe but the problem is none of us can make it clear on how it will go either this is the bottom or still lowering in the coming days.

but remember that price will always vary depend on how we will support  the currency.

buy more then you will see strong movement growing and buy less then you will find it bottoming still.

[pooya87]

That's one way to look at it. Some would argue that the bear market is over when the price starts spiking upwards within a short space of time, indicating that the bulls have taken over: and that market upticks does not indicate a change in the general sentiment.

How many markets would you say exists? Is it just bear and bull or there's something in-between?
Cause if it's just bear/bull, and the bear market is over, then we would be in a bull market at the moment.

There is always other market conditions than being either bull or bear. I'd say the markets are not binary. For example I have already referred to the past 2 months as sideways market but there is a small uptrend in it. That doesn't make it exactly a bull market. This is more like the in-between accumulation phase that is filled with a lot of uncertainty and conflicting speculation from different people.

To be precise I describe the current situation like this:
This is a time when majority of market participants have sold as much bitcoins as they wanted to or could sell. They are left with fiat and are out of coins so the price isn't going any lower due to less sell pressure. Ergo the bear market is ended.
People also are not sure if the price could go any lower or is it going to start rising back up again so they decide to wait. Which means there is no buy pressure either to push the price up. Ergo there is no bull market yet.
The smart money (eg. those doing DCA) consider this the bottom or a dip and is buying bitcoin. The day traders are also making small profit from ups and downs. Ergo this is accumulation phase with a small uptrend.

[Zanab247]

No,  because the price of Bitcoin is still $23k showed that we are still in bear season which is the best season for those that missed the opportunity to buy Bitcoin to use this opportunity to buy and hold for the price to increase higher in the market before they can sell to enjoy profit in the market. I don't think the price will decrease to $10k in this year 2022 as many people wish to see before they can buy with huge amount of capital, because the green light is preparing to be fully stable for people that bought  when the price is low to get ready to embrace bullish season in the market.

[maydna]

so many people that sold the bottom in the comments, so many that sold and thought btc will hit 10k. wonder what they going to do when btc hits new all-time highs, without reaching 10k.
now it is near 24,000, so it is the time to buy.

If they still have bitcoins in their wallets and are not selling them, they will sell them when the bitcoin price reaches new highs. But it would be a different story if they panicked to hear that the bitcoin price would reach $10k and sell the bitcoins as soon as possible. They can sell their bitcoins right now due to rumors that bitcoins will decline drastically but they better not panic so they don't sell most of their bitcoins at the current price. We don't know what the bitcoin price scenario will be like and can only hope that the bitcoin price won't touch $10k again and just stays at the current price.

[Inspiron14]

so many people that sold the bottom in the comments, so many that sold and thought btc will hit 10k. wonder what they going to do when btc hits new all-time highs, without reaching 10k.
now it is near 24,000, so it is the time to buy.

remember today there will be a fomc meeting, and of course it will have an impact on the market,
just look at the price of bitcoin today is very volatile, it fell from $24100 to $23700 and made the altcoin price also go down,
if we say about the bear market, I think the bear market will continue

[Questat]

We can't live like being too optimistic all the time. It is sometimes we have to accept the truth that not all pumps will consider as leading to Bullrun, the same thing to dump like headed to bearish market. People are ready to face the bull season but the market isn't ready yet, I think we need a few more pumps and months to finally say the BEAR season was over. But for now, we still have the opportunity to accumulate more and make use of this situation to fill our bags and have enough load more than enough for the Bull season.

[kro55]

It is very difficult to predict if the bear market is over or not, but I am still leaning towards the bear market that is not over yet. Bitcoin might not be able to reach the $10k lows as many expect, but there is still a possibility that bitcoin will drop below $20k again, IMO.

However, if you think you want to buy bitcoin, now might be a good time to do so without waiting to see if the price will drop further, since this is all guesswork and can be wrong.

[Baofeng]

It is very difficult to predict if the bear market is over or not, but I am still leaning towards the bear market that is not over yet. Bitcoin might not be able to reach the $10k lows as many expect, but there is still a possibility that bitcoin will drop below $20k again, IMO.

However, if you think you want to buy bitcoin, now might be a good time to do so without waiting to see if the price will drop further, since this is all guesswork and can be wrong.

I guess it's not that difficult to predict if we look at bitcoin's past,  I mean the 4 year cycle cycle, boom/bust, bubble burst and then the catalyst of them all, bitcoin block halving.

So we are in the obvious phase, although the market seems to be recovering above $20k, we can't say that we are out of the bearish claw since the catalyst that I mentioned is still years to come.

[justdimin]

It is very difficult to predict if the bear market is over or not, but I am still leaning towards the bear market that is not over yet. Bitcoin might not be able to reach the $10k lows as many expect, but there is still a possibility that bitcoin will drop below $20k again, IMO.

However, if you think you want to buy bitcoin, now might be a good time to do so without waiting to see if the price will drop further, since this is all guesswork and can be wrong.

I agree that buying at current prices would be good. People who didn't at lower prices because they were afraid that it might fall, end up saying they want to wait for it to go back there because it went up. It went up because you waited too long to buy at low prices.

Anyone who wants to buy bitcoin should do it right away and not wait any longer, the longer you wait the higher it will be and that will result with you losing money, you wouldn't want that at all, I would personally suggest everyone to go all in at this moment, that is the type of period we are in. From here, we will go towards bull run, maybe it will take a year, but it will not be any lower even if it is not over ATH.

[kro55]

It is very difficult to predict if the bear market is over or not, but I am still leaning towards the bear market that is not over yet. Bitcoin might not be able to reach the $10k lows as many expect, but there is still a possibility that bitcoin will drop below $20k again, IMO.

However, if you think you want to buy bitcoin, now might be a good time to do so without waiting to see if the price will drop further, since this is all guesswork and can be wrong.

I guess it's not that difficult to predict if we look at bitcoin's past,  I mean the 4 year cycle cycle, boom/bust, bubble burst and then the catalyst of them all, bitcoin block halving.

So we are in the obvious phase, although the market seems to be recovering above $20k, we can't say that we are out of the bearish claw since the catalyst that I mentioned is still years to come.

I say the market is still unpredictable because as we have seen this year is the first time the bitcoin price has dropped below the previous ATH. This has never happened in the past, the 4-year cycle you talk about. Also, the current global situation, which includes war and inflation, does not appear to be abating anytime soon. As a result of all of this, I am afraid another drop will occur in the future, however I am confident that it will be not less than $10,000.

[GreatArkansas]

This is very difficult to answer because overall we don't have a general/official basis of how to say or identify if a market is on a bear market or bull market at all.
With the recent pump of Bitcoin touching $25,000 it could be just a bull trap, we'll never know. Some people are also telling or before they satisfy that bear market is over is when there is new all-time-high created.

[Fundamentals Of]

I cannot tell whether the bear market is over or not. I think we are in the middle of whether we turn bullish or or not. Having said this, I think we have not yet really gotten out of the bear season. There is slight recoveries seen but unless it sustains and $25,000 and even $30,000 is broken, any fall to $20,000 and below is still very open. But I don't think $10,000 is going to happen. Those who are waiting for the $10,000 bus risk of buying at a more expensive rate.

[Kemarit]

I cannot tell whether the bear market is over or not. I think we are in the middle of whether we turn bullish or or not. Having said this, I think we have not yet really gotten out of the bear season. There is slight recoveries seen but unless it sustains and $25,000 and even $30,000 is broken, any fall to $20,000 and below is still very open. But I don't think $10,000 is going to happen. Those who are waiting for the $10,000 bus risk of buying at a more expensive rate.

We are somewhat in the middle of it, neither bullish or bearish, short term we can see a change in price obviously, from lowest low of $17,500 and then reaching $25,000 last week, but this could be a indication that we are out of the bear market? No, not by a long shot. The price is just simply fluctuating around that range and a break out could happen any time that would go on either direction. So we should wait for it, because I also doubt that $10,000 or at least a new all time low is going to be hit this year.