Is bitcoin bear market over?

[adaseb]

People are asking whether the stock market bear market is over also. There are reports since it already rallied 50% from its lows and highs, then chances are the low was already set and we won’t go lower. Same situation with crypto more or less.

Does it mean the low was in? Depends on market data. If we see low CPi prints and fed will stop hiking then most likely the low was set.

[ethereumhunter]

With what is happening in the market now, a bear market may still be in the market as the price is back down to $22k and the red candle is still holding. All of this makes bitcoin still unpredictable where it will go and although a lot of people out there say after this, market conditions will get better, that's still hope. We can continue to hope that the market will get better even though we don't know when that will happen and with the current situation, we are still lucky to be allowed to buy bitcoin at a low price. Who knows, in the next month, the rally for bitcoin will come again so that we are ready to sell the bitcoins we have at a higher price.

[Iranus]

Personally,  I don't think the bear market is over and it will continue until 2023. Over the past few days, bitcoin has been moving positively towards the $25k resistance but unfortunately bitcoin has failed to break through and it is now trading below $23k once again. There's nothing to say that bear season is over.

Recently, the Fed released the official document of the July meeting and nothing changed. They will continue to raise interest rates in the near future. There is bad news for the whole financial market, as the USD will continue to appreciate, causing other assets to decline in value.

[onecall123]

Personally,  I don't think the bear market is over and it will continue until 2023. Over the past few days, bitcoin has been moving positively towards the $25k resistance but unfortunately bitcoin has failed to break through and it is now trading below $23k once again. There's nothing to say that bear season is over.

Recently, the Fed released the official document of the July meeting and nothing changed. They will continue to raise interest rates in the near future. There is bad news for the whole financial market, as the USD will continue to appreciate, causing other assets to decline in value.

Due to a lack of clarity in the market, I have been patiently waiting. It is my expectation that there will be lots of resistance in this way, which will lead to fear and doubt. There's nothing to lose there. From this consolidation, we should be going up. Volatility will increase dramatically in the coming months. As a result, I am looking forward to September. It's common for people to expect things to always be the same, but there will always be surprises.

[Reatim]

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 voted for yes mate ,  market is bearing but we already reached the bottom at 17k , yeah there are speculation about 10k price but I am afraid that this would come at any chance in our time now.
we may see some low again as we are still in bitcoin 20k level, but it may low again below but will not come to 15k or not 10k.

[yudi09]

It only lasts for a while, then goes back down in price. Even MicroStrategy as the largest Bitcoin holder experienced a decline of up to 8.23%.
Bitcoin again lost its bullish moment. A situation like this cannot be given a definite answer whether it has ended or will continue this year. Almost all crypto markets are experiencing a downturn. Bitcoin was holding at $25k on August 15th and is now down at $21.5k.

[boltz]

Well well well ...once again I've predicted right when I said over and over and over that Bitcoin won't surpass the 24k range and it will go down again and it happened but it's not over as it seems there is no more support around the 20k area and that means Bitcoin could free fall under 20k in hours or in a fraction of a time. Bear market is still in full force and it will continue to be like this for the rest of the year with Bitcoin keep falling but that should not be a surprise as the summer is almost over and Bitcoin dropping in price is normal.

[btc_angela]

People are asking whether the stock market bear market is over also. There are reports since it already rallied 50% from its lows and highs, then chances are the low was already set and we won’t go lower. Same situation with crypto more or less.

Does it mean the low was in? Depends on market data. If we see low CPi prints and fed will stop hiking then most likely the low was set.

Or let us point it this way, if stocks and bitcoin market has some correlation, and if stock has rallied already 50% from its lowest low, should we consider bitcoin market as also get past the bear market?

But it's very different still, I mean the 4 year cycle and then halving is very unique to bitcoin only. And then what you have mentioned as well, banks keeps on printing money causing inflation, while bitcoin is deflationary and has a hard cap of 21 million.

[Nrcewker]

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.

There is no perfect time to buy. If you greed more and keep on waiting then you might lose the golden chance.
So at the time of buying if you see BTC price is below 30k usd, then buy it asap, and buy as many coins as you can.
BTC will soon blow the market with the price rise, so if you want to get enough profits then without giving a second thought, buy as many coins as you can.
BTC will struggle in this price segment for more 3-4 weeks, so it’s really not good to conclude that the bear market is over. Nevertheless let’s hope for the best.

[BuNga_cute]

With what is happening in the market now, a bear market may still be in the market as the price is back down to $22k and the red candle is still holding. All of this makes bitcoin still unpredictable where it will go and although a lot of people out there say after this, market conditions will get better, that's still hope. We can continue to hope that the market will get better even though we don't know when that will happen and with the current situation, we are still lucky to be allowed to buy bitcoin at a low price. Who knows, in the next month, the rally for bitcoin will come again so that we are ready to sell the bitcoins we have at a higher price.

The failure of the Bitcoin price to rise above $25k, it indicates that the bear market will continue and it seems it's not over yet. According to my prediction,
the bear market will likely continue until the end of this year. Whereas previously the market looked very positive when Bitcoin touched the price of $24k,
but unexpectedly now the price of Bitcoin is back down to $21k. As you said the price of Bitcoin is difficult to predict, but as long as we think positively
about Bitcoin, we don't need to panic the Bitcoin price goes down again. Because no matter how deep the price of Bitcoin falls, someday it will
definitely recover. So if we really believe that the Bitcoin price will recover, even though we don't know when it will happen, what we do is just holding
the Bitcoin we have today. If we have money, we can buy Bitcoin whenever the price goes down. Because accumulating Bitcoin will allow us to generate
large profits when the price of Bitcoin suddenly rises.

[suzanne5223]

Cryptocurrency prediction is just a gamble because no one can get 100% results. but the Bitcoin price reaching $24K doesn't mean the bear market is over and if you look into the historical data price of the Bitcoin market during the bear season you'll see that when we're in a bear market doesn't mean the price of BTC won't experience some pump in price.
The bear market is not over and the real bottom price is yet to be achieved but it is hard to know the exact price.

[fuguebtc]

Today, after a few days of slight bullishness, bitcoin is back below $23k and is headed towards $21k again. It is true that the market is unpredictable, even though there hasn't been any negative news spread today, the bitcoin price is still falling pretty fast.
There is no doubt that the discount season is not over yet, in fact, it may even be extending and even creating even stronger discounts.

[Moshi Moshi]

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.

yes! it's time to buy, bitcoin price has fallen deep to $21k again,
of course this is a good opportunity for those who haven't bought it, there is news that this month is still bullish,
maybe we will see $30k first before the bears start again, so calm down and don't panic

[Epaper]

I think the bitcoin bear market is not over yet because the negative sentiment still continues to surround bitcoin, this makes the crypto market still weak. In the current market situation, it is difficult to say when the bear market will end soon or if it will continue until the end of the year. Better let's see how far the market will move forward.

[Pesona1]

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 is still continuing until now and even when the bitcoin price rose to $25K a few days ago, but bitcoin has not really been able to show signs of the market turning into a bullrun, the failure of bitcoin to break the price resistance barrier at $25K triggered the bitcoin price again experienced a decline to reach the price of $ 21K as it is today, if negative sentiment continues to hit bitcoin, of course bitcoin could reach minor price support at $ 20K again.

[Kelvinid]

One very good macro-indicator to keep in mind is the weekly 200 MA, which the bitcoin returned to after it overcame this resistance. As long as the price stays below that indicator, the bearish market is over. Judging by the bitcoin's easy drop below the 200 MA, I think the bulls have come yet.

Bulls will come soon if the current momentum will never change even though the movement is quite low. I may not say it will come fast and it will take over the bear season this year. However, it was good to see at least we have some indications that the market is moving upwards and it behaving differently compared to the last bear season where it takes almost 3 years before the bull season comes.

[darkangel11]

One very good macro-indicator to keep in mind is the weekly 200 MA, which the bitcoin returned to after it overcame this resistance. As long as the price stays below that indicator, the bearish market is over. Judging by the bitcoin's easy drop below the 200 MA, I think the bulls have come yet.

You got it wrong. Price below 200MA means bear market is over? The price almost never in the history of bitcoin goes below 200MA and if it does those are times of extreme fear and the best opportunities to buy bitcoin. You're turning it all up side down.

It's also not easy for it to drop below 200 WMA. It happened because of combined efforts of numerous entities including Tesla that sold below 30k and that was supposed to have diamond hands or whatever. These people are trying to make the bear season look worse than it is.

[serjent05]

I don't think the Bitcoin bear market is over, the current rally isn't a sign of a bullish market but rather a relief rally wherein the market recorded a temporary uptrend.  I do agree with one of the earlier replies that it would be considered a Bitcoin market when the price of BTC surge almost continuously.

[KennyR]

I don't think the Bitcoin bear market is over, the current rally isn't a sign of a bullish market but rather a relief rally wherein the market recorded a temporary uptrend.  I do agree with one of the earlier replies that it would be considered a Bitcoin market when the price of BTC surge almost continuously.

Yes, what we experienced is the relief rally. Right now the market have taken the movement between two points. If I'm not wrong this trend continues for a longer time period. For now it is the time for the traders to make money out of the regular price fluctuation. The trend change will have a indication of price movement that gets driven by a large margin.

[Reatim]

I think the bitcoin bear market is not over yet because the negative sentiment still continues to surround bitcoin, this makes the crypto market still weak. In the current market situation, it is difficult to say when the bear market will end soon or if it will continue until the end of the year. Better let's see how far the market will move forward.

Remember that negativity is part of the market mate , there is no place in crypto that this will end so if this is your basis of dumping market then you are completely wrong , FUD will continue bumping specially when market is experiencing Bull , so best to check your ideas on how market moves and not just because of negative write ups.

I don't think the Bitcoin bear market is over, the current rally isn't a sign of a bullish market but rather a relief rally wherein the market recorded a temporary uptrend.  I do agree with one of the earlier replies that it would be considered a Bitcoin market when the price of BTC surge almost continuously.

I don't think the Bitcoin bear market is over, the current rally isn't a sign of a bullish market but rather a relief rally wherein the market recorded a temporary uptrend.  I do agree with one of the earlier replies that it would be considered a Bitcoin market when the price of BTC surge almost continuously.

we will only prove that bear is still here once bitcoin price drops down to 10k more but I doubt this will come any time now.