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Author Topic: Bear market likely over?  (Read 2960 times)
CryptSafe (OP)
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October 26, 2022, 09:47:31 PM
 #1

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?

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October 26, 2022, 10:12:13 PM
 #2

I believe we can recover faster than what we previously imagined, also read my thread here, I believe the 4 year cycle has been broken and is no longer useful as a reference when the recent economic crisis occurs, Bicoin can solve that problem, let's see developments in the next few weeks and don't forget to buy now is a very cheap price, bitcoin is like a fast train so buy it before the fast train leaves you all

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October 26, 2022, 10:16:02 PM
Merited by JayJuanGee (1)
 #3

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

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October 26, 2022, 10:29:38 PM
Merited by Youngkhngdiddy (2), JayJuanGee (1), Y3shot (1)
 #4

What do you all think about the sudden bounce back and price increase on Bitcoin of lately?
Certainly you did not expect bitcoins to keep going down, at some point we all expected that there will be a bounce back, but maybe this is too sudden and too quick for us to start calling it start of the bull season.

It is good news but I will also say you shouldn't get your hopes too high so you don't get disappointed if it doesn't go your way. We are expecting a bull run, maybe it has already started happening yes, but our major concern should remain how to get more bitcoins and hodl safely.

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October 26, 2022, 10:43:49 PM
 #5

I believe we can recover faster than what we previously imagined, also read my thread here, I believe the 4 year cycle has been broken and is no longer useful as a reference when the recent economic crisis occurs, Bicoin can solve that problem, let's see developments in the next few weeks and don't forget to buy now is a very cheap price, bitcoin is like a fast train so buy it before the fast train leaves you all

in this market, we are all speculating to what may happen next. we can't tell if there will be bullish or bearish in the next few months. but you can always find tactics on how to possibly take advantage of the market.
keep eye on news that may trigger the uptick of the market. and before that happens, you should be ready.

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October 26, 2022, 10:44:20 PM
Merited by JayJuanGee (1)
 #6

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?
It's too soon to say that it's over. Don't be confident with everything that we see in the market despite being favorable to everyone. It's just a little movement that we've seen before and how much more if it's already over again?
We're aware that it will fill another all-time high but it's just too early to say that it has ended already. This could be a trap or what but all I am saying is get yourselves prepared for the best and for the worst, if it hasn't come yet.

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October 26, 2022, 10:50:55 PM
 #7

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, thank you. But, I'm still not confident the bear season will end up shortly, not even this year. I was just happy to see the market stay high compared to the last bear season where we are almost at the very dip and many people become hopeless during that time. But for now, I'd see great hope form the majority and the willingness to take risks and hold for many years until the full market recovery comes. In fact, it was barely to see FUDs and panic selling but rather see a high accumulation rate which is an indication that people still have trust in crypto.

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October 26, 2022, 11:00:58 PM
 #8

I don't think it's right to say we're in a bear market right now. If we were in a bear market, the value of bitcoin would be below $10,000. After the period of decline we have experienced, we are currently in a pause period for a while. As far as I'm concerned, this period will continue in this way for a little longer. From time to time, there will be small-scale rises in the market. But I think that there are at least 1.5 years for the bull market to start exactly.

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October 26, 2022, 11:01:23 PM
 #9

(.....)
What do you all think about the sudden bounce back and price increase on Bitcoin of lately?
There is a lot when it comes to fundamentals. But I believe it's really a coincidence on the monthly closing candle. If you take a look, few days left before the monthly candle and this is very important to traders or speculators. Some of their analysis could be a buy signal because of some of their analysis and that causes the price to go pump days before the end of this month.
For me, this is a good sign that we can see some good price actions next month.

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October 26, 2022, 11:05:21 PM
 #10

Actually, the bear market is already long gone since July it's stable and the current price increase right now is not a sign that the market will turn into a bull market. That's too early to say that this is the beginning of the bull market.

I suggest you better check the chart for technical analysis from july to today. Unless if we see new ATH from this Q3 to Q4.
I'm not FUD that just my analysis.

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October 26, 2022, 11:08:50 PM
 #11

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, thank you. But, I'm still not confident the bear season will end up shortly, not even this year. I was just happy to see the market stay high compared to the last bear season where we are almost at the very dip and many people become hopeless during that time. But for now, I'd see great hope form the majority and the willingness to take risks and hold for many years until the full market recovery comes. In fact, it was barely to see FUDs and panic selling but rather see a high accumulation rate which is an indication that people still have trust in crypto.
I think it's too early to celebrate the return of the bullish runs until the major resistance at $22600 is broken else the price might pullback, but on once the resistance is broken and price retraced and turn the the resistance to support then it's will obvious that the bulls had returned to the market, though it's good that the price make some considerable pump atleast this will bring some relief to hodlers who had endured the bearish runs for so long, of course the bearish runs wouldn't last forever there must be a season of bullish run too and historically the price of bitcoin always experience a massive pump at a certain periods.

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October 27, 2022, 03:26:11 AM
 #12

Its' too early to celebrate the end of bear market, LOL. The price is just above the mental barrier of $20,000, nothing more. It's doesn't mean that the market will change it's course. Definitely this is a good sign, but still it is way below our last all time high.

And for sure everyone knows that the catalyst for a bull run is the block halving which is still years from us (2024). Be careful though, this could be a trap.

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October 27, 2022, 03:29:31 AM
 #13

Seems the bear market is likely going soonest. Congratulations in advance to those who bought low and those hodling for a long time.
There are some reasons to believe that Bitcoin is moving in a bottom range but pay attention in the word 'range'. A range has upper and lower bands and you should know there are outliers beyond a range.

The market basically should have a massive shake out and I believe we will have it when Bitcoin surprisingly crashes towards $13,000. All weak hands should be out, all gamblers should be killed by forced liquidations, before a new bull run kicks off officially.


Bitcoin is moving under its Realized price for a while and the period is almost the same as it was in Nov 2018 to April 2019. If history repeats, it should ends soon.


Pi cycle top indicator gives me a thought that Bitcoin should have a good bounce back to about $40,000 and it should be corrected back. A next time will be an official jump into a new bull run.


People are still very fearful according to Bitcoin Fear and Greed Index


Quote
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.
It won't. New all time highs are reached in bull market, not in bear market, not within a few months after a bear market ended. When a bear market ended, it needs a few months to wipe out fear, hesitation, disbelief so that a new all time high can be seen.

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What do you all think about the sudden bounce back and price increase on Bitcoin of lately?
Normal movement, nothing special.

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October 27, 2022, 03:52:38 AM
 #14

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
It's true as you said we have to be careful not to panic and not get too excited. This can be an encouragement for crypto users, because basically we will never know when the bulls will arrive, because it is very difficult for us to predict, we can give predictions but we should not expect too much because if we expect too much we will definitely be disappointed , we should respond normally when there is news about the increase in crypto prices.

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October 27, 2022, 04:12:32 AM
 #15

You're speaking as if this was the first time we had a bounce back in price. Don't forget — we literally had a bounce from approximately $18,700 up to like $22,400 just last month. Where are we now? We're going to need a lot more than this to make a safe conclusion that the bear market is likely over.

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October 27, 2022, 04:18:24 AM
 #16

I believe we can recover faster than what we previously imagined, also read my thread here, I believe the 4 year cycle has been broken and is no longer useful as a reference when the recent economic crisis occurs, Bicoin can solve that problem, let's see developments in the next few weeks and don't forget to buy now is a very cheap price, bitcoin is like a fast train so buy it before the fast train leaves you all

I disagree on both of your arguments if that is possible when I present you my argument hehehe. We might not recover faster if the war between Russia and Ukraine does not stop. You also argue that the 4 year cycle has been broken. However, it has not yet been broken because we are still in early in the cycle. Next year will be telling, I reckon.

In any case, yes next year we might begin to agree on one of your arguments. Slow economic recovery implies the 4 year cycle being broken and a faster recovery than expected would imply the 4 year cycle continues.

@mk4. I very much agree!

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October 27, 2022, 04:18:32 AM
 #17

traders are split on this speculation. but some are saying last june was the macro bottom where it plunged to $17k. if this is true then you are not the only who missed it.

if we are down to more than 70% and the marketcap is down to 1/3 and we are still uncertain if we go below $20k again, its a good time to buy. you are already in a good position to wait for the bull market.









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October 27, 2022, 04:44:50 AM
 #18

Quote
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 think, bullish market is about to appear in the community for investors to believe that bearish season have few days to spend in the market before bullish will roll over for both long term investors and short term investors to smile. Now that the price of Bitcoin hit $21,000 few hours ago in the market, showed that before next month ending the price will reach $50,000 for those that bought when the price was $18,000 or $17,500 to start releasing their bitcoins to make a good profits. I don't think, this new price will decrease again in the market before it will increase higher for bullish season to fully remain stable through out this year.

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October 27, 2022, 04:50:28 AM
 #19

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?

What I think is that with your analytical and predictive skills you must be a multi-millionaire by now if you have been trading based on them.

It's irony, in case you haven't caught it.

It would be nice to know why you think the price is going to go from 20 and a bit thousand to 70 thousand USD in a couple of months, as there is no serious analysis, not even the most optimistic ones, that even comes close to such a bullish prediction.

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October 27, 2022, 05:29:09 AM
 #20

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 Bitcoin price increased by a thousand dollars and the newbies say that the bear market is over. Grin This is a newbie thing to do.
How many times the Bitcoin price went above 20K USD in the last couple of weeks? More than once. Was there a significant bull run? Nope.
Can you backup your theory about new ATH coming soon with some facts or a proper analysis? I don't think so.
A new Bitcoin ATH is going to be reached in 2025. Nobody and nothing could possibly make me change my mind.

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