Bear market likely over?

[Dave1]

In my humble opinion, it will over approximately in May-June 2023 when bill regulating the use BTC as payment in Brazil will  go into effect. More than 200 millions population  of Brazil may positively effect cryptomarket.

I somehow disagree.  I do not think the implementation of Bitcoin in Brazil as a mode of payment will automatically tap these populations and make these population adopt Bitcoin.  I think Brazil needs years before Bitcoin is adopted by the majority of its population.  The news may bring bullish sentiment but it doesn't mean transitioning the bear market to bull market.  It may positively affect but the effect is not enough to make the market bullish.

Maybe the legalization of bitcoin as a payment method in Brazil will have a positive impact on the movement of bitcoin but I think it will only have a temporary impact as we saw when the government of El Salvador made bitcoin a legal tender before, for 2023 it looks like we will still be in a bear market and it looks like we need a little while for the bulls to come around as the events we are facing right now are almost exactly the same as the ones that happened in 2018.

In a bear market though, any positive news will not be felt, just like when we hear about Brazil's legalization, the price didn't move on the contrary, it just move sideways, meaning no effect at all and on the contrary, it just go down a bit as we speak.

But if this news happens in the bull market, for sure a minimum jump of 5% will happen as soon as this news was released.

Anyhow, bear market is not over, and it could stay for a the whole year, 2023.

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[ShowOff]

In a bear market though, any positive news will not be felt, just like when we hear about Brazil's legalization, the price didn't move on the contrary, it just move sideways, meaning no effect at all and on the contrary, it just go down a bit as we speak.

But if this news happens in the bull market, for sure a minimum jump of 5% will happen as soon as this news was released.

Anyhow, bear market is not over, and it could stay for a the whole year, 2023.

I agree about 2022, but there are big questions about 2023. I believe we can expect something different in 2023, it's about market recovery. I am still very optimistic that the market will recover soon in 2023 and it is quite possible that $20K will be support then.

So far it seems hard to see the market moving more than 5% at any one time, but I'm not really expecting that now as I still want to collect more bitcoin at low prices. Either way I still believe that the current drop in bitcoin price is part of a cycle, and it will end. No doubt, this is coming soon and I hope you all stay on the same train, meaning don't sell during the price down.

[Jating]

In a bear market though, any positive news will not be felt, just like when we hear about Brazil's legalization, the price didn't move on the contrary, it just move sideways, meaning no effect at all and on the contrary, it just go down a bit as we speak.

But if this news happens in the bull market, for sure a minimum jump of 5% will happen as soon as this news was released.

Anyhow, bear market is not over, and it could stay for a the whole year, 2023.

I agree about 2022, but there are big questions about 2023. I believe we can expect something different in 2023, it's about market recovery. I am still very optimistic that the market will recover soon in 2023 and it is quite possible that $20K will be support then.

So far it seems hard to see the market moving more than 5% at any one time, but I'm not really expecting that now as I still want to collect more bitcoin at low prices. Either way I still believe that the current drop in bitcoin price is part of a cycle, and it will end. No doubt, this is coming soon and I hope you all stay on the same train, meaning don't sell during the price down.

I guess there's nothing wrong to be optimistic in the next year, after all we really don't know what's next for us in 2023. On the flip side, if there will be another bear market, then obviously it will mean a decline again, so it could be in along the $10k-$13k worst case scenario, or a few bounce and maybe $25k-$30k if there is some good news around.

So for the best thing to do in this kind of situation is just like what you said, accumulate as much as we can, and then be prepared on both end. If the price decline then take advantage of the situation. If the price goes up, then DCA and still look for the long term or at least the next bull run.

[lixer]

In a bear market though, any positive news will not be felt, just like when we hear about Brazil's legalization, the price didn't move on the contrary, it just move sideways, meaning no effect at all and on the contrary, it just go down a bit as we speak.

But if this news happens in the bull market, for sure a minimum jump of 5% will happen as soon as this news was released.

Anyhow, bear market is not over, and it could stay for a the whole year, 2023.

Of course it can. Have you noticed that Bitcoin price rises to over $20k before? That was also the time where we saw some positive news. A negative news can have a negative effect as well because after those scams incident the price then drops again below $20k.

The presence of the bear market is still there and it has the biggest influence among all because if not because of it, then we can reach more than $20k right after some positive news came out. The announcement about Brazil to legalize crypto is sure a positive news but there are no actions yet that have been taken. That is also the reason on why the price hardly increase.

[freedomgo]

In a bear market though, any positive news will not be felt, just like when we hear about Brazil's legalization, the price didn't move on the contrary, it just move sideways, meaning no effect at all and on the contrary, it just go down a bit as we speak.

But if this news happens in the bull market, for sure a minimum jump of 5% will happen as soon as this news was released.

Anyhow, bear market is not over, and it could stay for a the whole year, 2023.

Of course it can. Have you noticed that Bitcoin price rises to over $20k before? That was also the time where we saw some positive news. A negative news can have a negative effect as well because after those scams incident the price then drops again below $20k.

The presence of the bear market is still there and it has the biggest influence among all because if not because of it, then we can reach more than $20k right after some positive news came out. The announcement about Brazil to legalize crypto is sure a positive news but there are no actions yet that have been taken. That is also the reason on why the price hardly increase.

The last $20k was seen over a month ago, in the first week of November but after 48 hours the price fell steeply towards a little less $16k and up until now, the market has been going back and forth in the same price. After Brazil legalized the Bitcoin and passed a law about it, the market slightly increased towards $17k and just like other good news in the past, the market came back to $16k again in just few days after Brazil's legalization. So, who knows, bear season might stay with us until next year as there's still no sign that the bull is already approaching.

[Rigon]

Seems the bear market is likely going soonest. Congratulations in advance to those who bought low and those hodling for a long time. There is likely going to be a new all time high to be achieved before this year comes to an end. If you can, fill up your bag but do your own research.

What do you all think about the sudden bounce back and price increase on Bitcoin of lately?

The bear market doesn't seem to be ending anytime soon. Bitcoin price is currently at a position from which no one can make any predictions. However, various experts have analyzed that the Bitcoin market will move towards bulls in 2024. But everyone can invest as they wish in this bear market. You may not get such an opportunity later. So if you can buy bitcoins from this dumping market and hold for long term, you can definitely achieve good things in 2024. So no one should miss this time.

[Japinat]

Seems the bear market is likely going soonest. Congratulations in advance to those who bought low and those hodling for a long time. There is likely going to be a new all time high to be achieved before this year comes to an end. If you can, fill up your bag but do your own research.

What do you all think about the sudden bounce back and price increase on Bitcoin of lately?

The bear market doesn't seem to be ending anytime soon. Bitcoin price is currently at a position from which no one can make any predictions. However, various experts have analyzed that the Bitcoin market will move towards bulls in 2024. But everyone can invest as they wish in this bear market. You may not get such an opportunity later. So if you can buy bitcoins from this dumping market and hold for long term, you can definitely achieve good things in 2024. So no one should miss this time.

Don't believe in experts, just believe in yourself and what you see based on your experience. Experts have different predictions, some are bearish, while some are bullish, so it's really hard who to trust because at the end of the day, no one can predict the price or movement of bitcoin, we are just doing a big guessing game.

[CryptSafe]

Some days ago bitcoin reached $26000 for a long time since the bear market last year. Looking at the price prediction and market trend. From all indications seems we are heading for the bull run. I am not speaking from the opinions of other Crypto analyst and market speculators, from my own point of view and the little knowledge I have on this little research and after following up with the trends from last bear and bull run market, I think we are close to another bull run this year which will definitely or likely supercede the highest all time high.
I am not an expert. This is not an investment plan neither is it an investment idea. I am only speculating so do your own research.

[ShowOff]

Some days ago bitcoin reached $26000 for a long time since the bear market last year. Looking at the price prediction and market trend. From all indications seems we are heading for the bull run.

It looks like the bullrun has been confirmed, in fact we have had more than 85% gain since last year's low.
Now it might be good to expect $30K to be hit, but I doubt we can keep the price above $26K for much longer. As has happened several times since the start of the year, $25K has been hard to hold on to as the panic over FUD has forced some traders to sell it at high "most likely".

I am not an expert. This is not an investment plan neither is it an investment idea. I am only speculating so do your own research.

It doesn't matter, the hope is always there to get higher price. Anyone wishing to invest should only consider their own risk, meaning that none of this analysis and speculation should be taken as financial advice.

[kamvreto]

Some days ago bitcoin reached $26000 for a long time since the bear market last year. Looking at the price prediction and market trend. From all indications seems we are heading for the bull run.

It looks like the bullrun has been confirmed, in fact we have had more than 85% gain since last year's low.
Now it might be good to expect $30K to be hit, but I doubt we can keep the price above $26K for much longer. As has happened several times since the start of the year, $25K has been hard to hold on to as the panic over FUD has forced some traders to sell it at high "most likely".

FUD and panic will always come together, and when they do, the price of bitcoin will take a nosedive. the highest resistance is still at the price of $ 26900 and it still cannot be broken, if this resistance is able to be broken it is possible that we will advance to the price of $ 30k. But if you can't penetrate it, bitcoin will experience a correction again. It's still difficult at the moment and there will definitely be FUD emerging to disrupt market prices. But if you already get 85% profit, it seems you just need to relax and add a few more assets to make more. Your target may not be now, but in the long term to reach the latest ATH

[DiMarxist]

Some days ago bitcoin reached $26000 for a long time since the bear market last year. Looking at the price prediction and market trend. From all indications seems we are heading for the bull run.

It looks like the bullrun has been confirmed, in fact we have had more than 85% gain since last year's low.
Now it might be good to expect $30K to be hit, but I doubt we can keep the price above $26K for much longer. As has happened several times since the start of the year, $25K has been hard to hold on to as the panic over FUD has forced some traders to sell it at high "most likely".

I am not an expert. This is not an investment plan neither is it an investment idea. I am only speculating so do your own research.

It doesn't matter, the hope is always there to get higher price. Anyone wishing to invest should only consider their own risk, meaning that none of this analysis and speculation should be taken as financial advice.

We all know the higher price will come, you fear and brave work together, Bitcoin price is unpredictable the bear market will not last for two years it's only last few days,weeks is too long half a year you take risk.but am speculating this month it's might reach $30k if he climbed $28k next week.remember the price always fall and rise no one can predict the position of Bitcoin.so the best thing to do is to prepare for both, when the bear market comes you risk,and when Bitcoin comes up you take advantage of the bull market.

[Franctoshi]

The Bear market is over technically looking at how the trend has started changing direction from the downwards trend, the long term downwards trend since 2021 ATH has been broken towards the up side and re-tested perfectly as supposed and has started creating higher highs and higher lows since then, Both in the daily and the weekly time frames, which we have not gotten since the beginning of this Bear market. I would like to say generally, that this is a bear market recovery since we have not broken the $69k in order to officially start a new bull market.

[Pejoh Asu]

March was off to a brilliant start as the price continued to rise, fair if we say the bear market is over, and it's time to see the value of bitcoin continues to increase, unfortunately I didn't buy cheap but a few hours ago I bought for $ 85 when the price was $ 27400, although there's been a dip but i believe in march prices could hit $33k.

[karmamiu]

The Bear market is over technically looking at how the trend has started changing direction from the downwards trend, the long term downwards trend since 2021 ATH has been broken towards the up side and re-tested perfectly as supposed and has started creating higher highs and higher lows since then, Both in the daily and the weekly time frames, which we have not gotten since the beginning of this Bear market. I would like to say generally, that this is a bear market recovery since we have not broken the $69k in order to officially start a new bull market.

Even though nothing is guaranteed yet but seeing the market's reaction now, it's safe to assume that the probability of it going downtrend lessen. I know it's early for us to say this and almost everyone here would like the bear season to officially end. Who knows maybe later this year or early next year a huge change will happena and would enter another season. Again I'm not an expert financial analyst nor trying to be one, it's just my observation based on the market movements and there is no assurance as to when it'll stop or enter the next season. What we currently hear are just speculations.

[btc_angela]

The Bear market is over technically looking at how the trend has started changing direction from the downwards trend, the long term downwards trend since 2021 ATH has been broken towards the up side and re-tested perfectly as supposed and has started creating higher highs and higher lows since then, Both in the daily and the weekly time frames, which we have not gotten since the beginning of this Bear market. I would like to say generally, that this is a bear market recovery since we have not broken the $69k in order to officially start a new bull market.

I disagree though, it will be just over if we are going to reach a new all time high for this year, that's how I see that we are not going to be in bear market. So we will have to wait for it to happen, if it's not then we are technically in the bearish cycle.

The thing is that there are a lot of things that is going around the world, banks are falling, and this is what prompted Satoshi to create Bitcoin right? So we are in that situation again and so wise investors are hedging their wealth into in pushing the price to above $27k. And with this banking crisis in US and in Europe, clearly bitcoin is the beneficiary.

[Dave1]

Some days ago bitcoin reached $26000 for a long time since the bear market last year. Looking at the price prediction and market trend. From all indications seems we are heading for the bull run.

It looks like the bullrun has been confirmed, in fact we have had more than 85% gain since last year's low.
Now it might be good to expect $30K to be hit, but I doubt we can keep the price above $26K for much longer. As has happened several times since the start of the year, $25K has been hard to hold on to as the panic over FUD has forced some traders to sell it at high "most likely".

I am not an expert. This is not an investment plan neither is it an investment idea. I am only speculating so do your own research.

It doesn't matter, the hope is always there to get higher price. Anyone wishing to invest should only consider their own risk, meaning that none of this analysis and speculation should be taken as financial advice.

Still though, if you guys think that we are in a bull run then what is the highest price that we are going to get?

Are your disregarding the one catalyst of a bull run in bitcoin? which is the block halving? Because it is then the 4 year cycle will be broken? So you think that there will be a new trend now as far as bull run as per your definition?

I'm just confused as why people said that we are in bull run when we are even far from the last all time high that we have?

[Kodok Bencot]

Right, it looks like the bear market has passed and makes us optimistic about bitcoin, the price has reached $ 27k and I'm sure next week the price will enter at $ 30k, don't sell, it's better to buy so we can get big profits, a sign that the market will soon be a bull run it is clear and will regret if we sell now.

[Bitcoin2009]

Seems the bear market is likely going soonest. Congratulations in advance to those who bought low and those hodling for a long time. There is likely going to be a new all time high to be achieved before this year comes to an end. If you can, fill up your bag but do your own research.

What do you all think about the sudden bounce back and price increase on Bitcoin of lately?

The bear market doesn't seem to be ending anytime soon. Bitcoin price is currently at a position from which no one can make any predictions. However, various experts have analyzed that the Bitcoin market will move towards bulls in 2024. But everyone can invest as they wish in this bear market. You may not get such an opportunity later. So if you can buy bitcoins from this dumping market and hold for long term, you can definitely achieve good things in 2024. So no one should miss this time.

The price of bitcoin is indeed unique and always difficult to predict, just like at the end of 2021 when the price rose and reached $ 69k I was also sure that it would not drop again, but in fact the price dropped almost 70%, of course because there were many cases of scam and bankrupt exchanges which harmed investors so $3 billion, but the panic was short lived and there is no doubt this year the price will skyrocket again.

[Bollexz1]

Well, the best way to know if the cycle is changing from bear to bull or bull to bear is Bitcoin's reaction to the market. For the past few days, bitcoin has been showing good momentum in the sector. Getting more recognition, adoption increasing while dominance on the other hand is dropping. So yeah, we might likely be off the bear market.

[DOH!]

Perhaps the market has generated many desirable signals to beat the bear market, but I still have some doubts about its sustainability. The bottom formation and construction of anchor points higher than 25k and 27k are sounding convincing. I am feeling the light of being a bit cautious but with great optimism.