Is it a short break for bear market?

[teddybear]

 I thick it's just a short break for bear market, it just continuous a while.....What is about your point of view friends ....Suggest

[Oshosondy]

You do not have to think if it is a short break for bear market if you are a holder, hold bitcoin for long time period and see your coins worth to increase in value in 2 or 3 years to come.

For traders, they are not much concerned about bear or bull market, they trade in the direction favoured to make profit in short time period. But it can be other way, in a way losses would result instead of profit.

[ethereumhunter]

I thick it's just a short break for bear market, it just continuous a while.....What is about your point of view friends ....Suggest

I guess I am a bit confused about the market movement now since the chart line does not move too high or too low. I will call this a sideways moment which makes the price not moves too much. But we can wait for the next few hours and hopefully, the price will move drastically, whether the price will go down or go up. It is better not to do anything except wait for the market so we know what we need to do because this situation can trap us into buying on the wrong side.

[NeuroticFish]

I thick it's just a short break for bear market, it just continuous a while.....What is about your point of view friends ....Suggest

You either mixed up bear with bull markets, either you've missed the latest dump / leg down we had less than 24h ago.
We're still in the bear marker, no "short break" yet. I pretty much feel happy we didn't get lower and, even more, we're already back over 20k.

Of course, I also hope the bear market will end "any time now", but that might still take some weeks.

[Ryker1]

I thick it's just a short break for bear market, it just continuous a while.....What is about your point of view friends ....Suggest

Well as you can see --this is not new in the market situation, it is a repeat process.
When we will see green numbers in the market, in the following days, it will turn to red which is there is a short correction.
It is indeed a short break and it is a part of a volatile market that fluctuates every time when the market resists.
However, long-term holders did not ask this question, they preferred to hold in a long run and wait until the new all-time high will come.

[tbct_mt2]

The bear market is not over so short break or not, it is how you call the latest bounce.

I could be wrong but I think the price we see in last few months is similar to $6k range in 2019. After that Bitcoin has another 50% drop to under $4k in March 2020. I expect to see a same one from $20k to $11k or $13k. In market psychology, it makes sense to wash out all weak hands.

It could occur or not occur but if you are investing into Bitcoin, with a good mind, long term, any price from $20k to $15k is very good to buy in already. Don't find the bottom.

[hyudien]

I thick it's just a short break for bear market, it just continuous a while.....What is about your point of view friends ....Suggest

Some bear market traders or not they just need a decision to enter in a short time and take a few percent of profits. However, if we look at the current market movements, there is not much change and that means we are better off waiting for a certain point. Likewise with Bitcoin which is currently still above $20K more since its decline from $21K. Range of distance that won't be too far for $20K -$21K

[awik p]

I thick it's just a short break for bear market, it just continuous a while.....What is about your point of view friends ....Suggest

Some bear market traders or not they just need a decision to enter in a short time and take a few percent of profits. However, if we look at the current market movements, there is not much change and that means we are better off waiting for a certain point. Likewise with Bitcoin which is currently still above $20K more since its decline from $21K. Range of distance that won't be too far for $20K -$21K

if you look at the monthly chart, bitcoin is indeed rising and falling in that area, and of course creating an area of consolidation, we don't know if after this bitcoin will break through resistance or support, or will continue its ranging movement. if it breaks through the support area, then we will wait for the buying area at the next support area. and if it can break through the resistance area, then it's good news for bitcoin to jump to the top

[Jawhead999]

Each trader have different plan about his trading profit, I think many traders already cut lose since 5% price different are quite high for daily traders. Actually there's no such rumor or news that make Bitcoin price currently increase and decrease, so it's mostly about market. Since this year is expected a bear market, I don't put high hope to see Bitcoin price will reach $30K in this year, probably around $25K for the highest.

[ItsCrafty]

The current market is unsuitable for making any form of profitability; everyone has challenges recouping their losses. Some claim that the price of bitcoin may soar again at the finish of the year, and there are also some faulty predictions regarding its future trajectory, nevertheless, it is unclear whether it will continue to decline or will once more increase greatly.

[Hamza2424]

Yeah thats very true you can say that there is short break for the bear trend but you cant say its ended untill we enter the Green area of the 30K until that  market will be keep moving into the consolidation zone. Here it will be massively tricky for the new comers as a small pump then sudden dip again pump again dip and soo on this will be continuous repeating for the trend

[palle11]

The current market is unsuitable for making any form of profitability; everyone has challenges recouping their losses. Some claim that the price of bitcoin may soar again at the finish of the year, and there are also some faulty predictions regarding its future trajectory, nevertheless, it is unclear whether it will continue to decline or will once more increase greatly.

With the trade going on today, the price seem like a reversal candle showing up at one hour and 4 hours. If the four hours resistance is broken then the price may have reverted to bull. The price may soar if this trend continues but too early to decide on bull until the end of the month.

[taufik123]

The current market is unsuitable for making any form of profitability; everyone has challenges recouping their losses. Some claim that the price of bitcoin may soar again at the finish of the year, and there are also some faulty predictions regarding its future trajectory, nevertheless, it is unclear whether it will continue to decline or will once more increase greatly.

With the trade going on today, the price seem like a reversal candle showing up at one hour and 4 hours. If the four hours resistance is broken then the price may have reverted to bull. The price may soar if this trend continues but too early to decide on bull until the end of the month.

but if we look at the chart for the 1-hour time frame, the price is still below the downtrend console and needs to break the price of $20553 to reach the reversal candle. but if it can't break through that price, bitcoin will be forced down towards the bearish support at the $19477 price area


Tradingview BTCUSDT on 1H
Price: ₮ 20,184.0
Change: -2.80% (₮ -581.11)
High (24h): ₮ 20,907.3
Low (24h): ₮ 19,868.5
Open (24h): ₮ 20,765.1
Volume (24h): Ƀ 441,933.7 (₮ 8,973,631,845.
M. Cap: ₮ 386.53 B


For the 4-hour time farm, it is still between the flip trend line and the downtrend console. if it can survive it will go to the price of the flip trend in the area of ​​​​$20654


Tradingview BTCUSDT on 4H
Price: ₮ 20,167.3
Change: -2.88% (₮ -597.73)
High (24h): ₮ 20,907.3
Low (24h): ₮ 19,868.5
Open (24h): ₮ 20,765.1
Volume (24h): Ƀ 442,474.5 (₮ 8,984,540,847.
M. Cap: ₮ 386.22 B

Hopefully, the market will recover and continue the bulls after this crash.

[avikz]

I thick it's just a short break for bear market, it just continuous a while.....What is about your point of view friends ....Suggest

What do you mean by short break? The bear market is still very much ongoing. Going up to 21k or going down to 19k, doesn't change the bull or bear cycle. This is just normal price movement. So no, I can't see any short or long break from any market.

Bitcoin is currently going through the bear cycle and this kind of price movement is very much common. For bitcoin, 10 -15% daily movement of price is normal.

[JohnBitCo]

I thick it's just a short break for bear market, it just continuous a while.....What is about your point of view friends ....Suggest

What do you mean by a short break for bear market ?
The financial markets including the bitcoin market never move in a straight line. The market moves down, then a little bit up, and then further down. As long as the market is creating lower lows and lower highs, the trend will remain bearish.

[boyptc]

I thick it's just a short break for bear market, it just continuous a while.....What is about your point of view friends ....Suggest

Short break or not.

What matters is take this time as an opportunity to at least get more bitcoin whether in decimal point quantity or if you can afford 1 whole of it.

It's always taken for granted when the market suffers like this, people think that it's not the great time to buy because it just suddenly fell. But when it recovers, they feel guilty that they have not bought at bottom.

[Falconer]

I thick it's just a short break for bear market, it just continuous a while.....What is about your point of view friends ....Suggest

It is not uncommon to think and feel worried about the current state of the market. Bearish is still ongoing while a positive trend is expected to be seen for price recovery. I don't know when but I have to remain optimistic to expect it soon.

The best option right now about the market is to buy if you can afford it, I agree with this suggestion as bitcoin prices are still very low compared to last year's ATH. -71% currently can be considered an opportunity for anyone looking to accumulate bitcoins, but of course it has to be done for the amount of funds that can afford to lose.

[Baofeng]

I thick it's just a short break for bear market, it just continuous a while.....What is about your point of view friends ....Suggest

What do you mean short break for bear market? we have lost our important support of $20k already, so it means the bulls doesn't have the control of the market again like when we have a sort of run up to $22k.

So expect the market to continue to decline at least this week, until the pressure has subside because of the CPI affect on the whole financial market. Although other financial markets have been affected as well, but crypto is very volatile as compare to them that's why we have a huge dump instantly after the news have been announced.

And with that said, we are still in the bearish cycle.

[goaldigger]

I thick it's just a short break for bear market, it just continuous a while.....What is about your point of view friends ....Suggest

It’s just another failed attempt to break the resistance probably BTC will go back to the support level or worst case is, we might see it go deeper on that level this time. There’s no short break here, all comes from a real market situation and based on many analysis, BTC price trend today is associated with other market as well. We have to stay stronger at the support level and hope that it didn’t break.

[Sanitough]

You do not have to think if it is a short break for bear market if you are a holder, hold bitcoin for long time period and see your coins worth to increase in value in 2 or 3 years to come.

For traders, they are not much concerned about bear or bull market, they trade in the direction favoured to make profit in short time period. But it can be other way, in a way losses would result instead of profit.

I don’t see any break from this long bear market we are experiencing right now. The bear season continues because most of the coins are still having a hard time to surge again and increase their price. However, there’s no need to worry about this since we are buying bitcoin for long term investment. Even if it takes 3-5 years of hodling, I guess that’s fine as long as you only invest with your extra money, and definitely the profits will be x10 from the price that we bought it.