Bear market likely over?

[serjent05]

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

The current bounce back of Bitcoin is said to be the result of the current announcement of Canada's interest hike and the continues weakening of new home sales in the US[1].  It was said that these two factors had helped to make Bitcoin break its current sideway trend and make the market uptrend to $21k.

with this surge, I think that this is just another higher low, and the Bitcoin market is yet to transition to a Bull market.  The hype around the Bitcoin market is not yet strong enough to sway away the bear sentiment of the Bitcoin market and I believe that it will need more good news than the recent one.




[1] https://www.coindesk.com/markets/2022/10/26/bitcoin-jumps-to-21k-after-soft-us-data-less-hawkish-boc/

[1715310152]

1715310152

[1715310152]

1715310152

[1715310152]

1715310152

[1715310152]

1715310152

[KaliLinux]

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?

I don't think that the bear market is going soonest as you believe, normally I believe that the market would even go through some months if not years of accumulation stage which I don't think we have really seen yet plus this bit of a relief rally does happen in the market over the cause of the Bear season.

You would see at different intervals here, we have had this small pumps, but the general market sentiment is still bearish. Let's hope you are right about market reversal, but it would be nice to have a proper confirmation

[Issa56]

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?

Bitcoin bounce back to $20k and you already concluded that bear market is going to be over soon, I don't really know but you might be right. I don't care whenever bitcoin will bounce back, have been holding my bitcoin for few years and am not ready to sell soon, even in the next bull run am not selling my bitcoin, that's why I don't care when the bear market will be over. Am sure most people will have bagged enough bitcoin since we entered bear market, the only people that will be left behind if the bull run start are the once that are still expecting bitcoin to dump below $13k, which if the start seeing bitcoin pumping, they will start regretting why they didn't buy when bitcoin was in $18k.

[CryptoYar]

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.

The bear market has not yet ended. It was just a short squeeze. IMO If you look at the RSI you'll see there are hidden bearish divergence on the daily time frame, which indicates that price might drop in the coming days.

get ready for bullrun

Historically, bullrun starts after bitcoin halving which will take place in 2024.


Source: https://mobile.twitter.com/cryptokaleo/status/1537525226774355973

[yazher]

too soon to say over , because situations like this happened before , bitcoin reached 20k$ + . this possibility is just an encouragement for the crypto market so that it is not shabby,
Be careful, don't panic too much

If that is the case, then it's called bull trap and small investors should really careful about it because they might caught in the middle where they gonna trap to buy at its high price. But as for the long term investors, this mean nothing and it's really best to buy at this price before the actual bull runs happens. 20k it's a good sign I wonder if it will go higher than this in the upcoming days.

[Nrcewker]

too soon to say over , because situations like this happened before , bitcoin reached 20k$ + . this possibility is just an encouragement for the crypto market so that it is not shabby,
Be careful, don't panic too much

Yes i too agree on this. Concluding something big like this is really too soon. IMO these are just market manipulations made by big whales in order to make profit from the market. Sadly many newbies fall into this and starts buying or selling the coin. Earlier in this bear market we have noticed this, and similar things also happening right now. So before taking any big discussions, we should analyse every thing. Also Bitcoins won’t touch any new all time high very soon, not in this year atleast.

[DanWalker]

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?

We need to keep in mind that we are down 70% from the ATH and now we are up just over 7% in just two days and this isn't enough to indicate that the bear market is coming to an end. Optimism is a good thing but don't overdo it because you will be even more disappointed when the market falls again. Look at the current world economic situation and face the reality that markets will never recover if the economy remains in a state of crisis.

[Ziskinberg]

Yes, It is very interesting to see the price of bitcoin bounce back after losing half its value over the last few months. It is not entirely clear what exactly is causing the recent increase in demand, but there appear to be a number of contributing factors including the adoption of bitcoin in some countries, the surge in transactions taking place in some Major Exchanges, and the difficulty of obtaining bitcoins due to rising fees for mining.

It is obvious there is an increase in demand making the price surge a little bit high. I'd see the courage of many people taking the risk and buying crypto during this bear season. But yes, this won't just lift the situation as we are still in the bear condition probably until the end of this year or until next year. However, despite the situation we face these days, we still see the stability of the market price not go deeper unlike before. It is likely that people never lose their hopes but instead, they learn what they did during the last bear season.

[Shaha98]

A bear market may grow for a little while. But in the current situation, market growth is not possible। Currently the Bitcoin market is a bit slow due to which it is still not possible to predict which direction the market will go.This is the perfect time to hold for a long time. If you want to fill the pocket then surely you can in this situation. Good luck for next time.

[lovesmayfamilis]

Whatever happens in the market, there will always be someone who will shout "I told you so" or "I knew it."
OP, now you look like such a herald, who, without obvious signs, begins to spread congratulations. You will earn the title of visionary if we see rapid growth rather than stomping back and forth. But for now, the crystal ball is still in the hands of bitcoin itself.

[YUriy1991]

There is always the possibility of a crash of some sort, but who knows if that will happen or when. The most interesting part of this is it isn't being pumped through an exchange. All transactions are held in the Blockchain, so it is impossible to tell how much has been purchased in total by anyone. This makes me feel more confident about the future and hope that Bitcoin is on its way to becoming mainstream.

[Lucius]

Seems the bear market is likely going soonest.

Of course, we should get ready for at least $100k (and maybe more) by the end of the year - because the price has risen by as much as 5% and that is a clear indicator that the bear market is over

If you had done your own research, I'm sure you wouldn't be so sure about what you wrote. There is absolutely no reason to expect a bull run at this point, and I would say that we are looking at yet another bull trap in a series. Where were you a few months ago when the price hit $25k?

[Woodie]

I have been looking at some btc/usdt charts and from what I can see it looks like price has been rejecting at the current lows which could be an early sign of price wanting to reverse and get bullish... Those of you trading using smart money concepts, you will agree with me that there is a Change of character which is a signal given for the pullback that will want to swipe any trend line liquidity.

[Victorik]

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?

Well, as much this is the expectation of very many crypto holders, we must not get caught unawares. This pump might just be a trap, and if you ain't careful, you might loss your funds.

Moreso, it is too early to celebrate. We have witnessed a situation were there is a sudden dump right after a mad pump.

This is cryptocurrency, expect anything.

So, be guided. Ensure that you are not investing with what you can't afford to lose.

[Reatim]

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?

Just because Bitcoin  go above by 8% and ethereum by Double digits meaning the bear is finally over, there are so much to consider and this is a chance of this is just being pumped for the coming much bigger dump this year end.
people commonly see increase at October to December but what if this is just a trap?
are we really ready for what is coming?

[Franctoshi]

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?

I would say it's too early to start jubilating, for we haven't seen major changes in the market. Therefore you have to consider some factors like the macro economic factor if it has changed, Too, I would like to see Bitcoin start break critical resistance levels and creating new highs with strong volume coming into the market and thereby changing the overall downwards trend, then this would be the time I will have to believe that the market has finally taking a turn from the current bearish trend.

[ethereumhunter]

A bear market may grow for a little while. But in the current situation, market growth is not possible। Currently the Bitcoin market is a bit slow due to which it is still not possible to predict which direction the market will go.This is the perfect time to hold for a long time. If you want to fill the pocket then surely you can in this situation. Good luck for next time.

After yesterday's high rise, it looks like bitcoin is getting a correction because its price has declined even though it's not much. And if you decide to trade, be careful because apart from going down, the price tends to slow down so it can be like a trap. But right now, it's still good to accumulate bitcoin purchases because the price is still low so this will be a low buy. But hopefully, things can change in the next month and we will see bitcoin rise, which means we will profit again.

[Hypnosis00]

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?

I would say it's too early to start jubilating, for we haven't seen major changes in the market. Therefore you have to consider some factors like the macro economic factor if it has changed, Too, I would like to see Bitcoin start break critical resistance levels and creating new highs with strong volume coming into the market and thereby changing the overall downwards trend, then this would be the time I will have to believe that the market has finally taking a turn from the current bearish trend.

I know things like this will happen in Bitcoin. And to believe that fact that the market won't ever stay low and in bear condition as surely there is a light to come one day. We saw a few price pumps make to believe that we are leaving the bear season but wait, this is not just simple it was as I consider this just a short pump. Though I believe that bear season will end soon, however, it was not the perfect time to say it, not yet unless there is a strong price increase we saw in the market.

[Daltonik]

We cannot say that the bearish trend is coming to an end, perhaps it will last for several more years, look at how the bitcoin price reacts to regular CPI reports in the US the next one will be on November 10, look at what is happening in the financial markets, I don't think bitcoin will go against the wave to a new ATH in such realities.

[Bazzu]

unexpectedly the price of bitcoin has increased, and of course many people are lucky, namely people who buy at low prices. I thought maybe bitcoin was going to have a pretty high rise, and indeed, we've been in a bear market for a long time, and I think now is a good time to buy bitcoin, because I think there will be a bull market. . so we have to prepare it
from now on.