Bear market likely over?

[Plaguedeath]

Dude, Bitcoin price only increase little bit at one day only, how it's possible you think the bear market is already over? If Bitcoin price still increase for 5-7 days in a row, then you can expect the bear market already over since people are getting hyped and they would accumulate more Bitcoin. Bitcoin price only increase for 10%, it's normal for such high volatility. Actually Bitcoin price can change higher than that and we're already experienced on that's matter.

[Bitstar_coin]

As much as investors would want this to be true, unfortunately it is not. Bear market is very much available until btc halving i guess.
This 5% - 10% up is not an indication of a bull market, but some people get their hopes high seeing this type of occasional pump. I think traders have been rewarded these few days.

[Inwestour]

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.

A new ATH is definitely not worth waiting for right now, but it also doesn’t look like bitcoin can fall to a new bottom, since the 19k level turned out to be a very strong support line, which has not yet been broken through. Well then, we are waiting for November 10 and we will see where the price can fall this time, or maybe this time we will have positive news and we will continue to grow.

[buwaytress]

Just a short squeeze, nothing too much in this to get excited about, particularly as we've been here before several times already these last 4 months.

If we're patting ourselves on the back for this, I won't know what we'll do to award anyone who makes it through new lows (they're coming, don't dream) and emerges in 2023/4/5 to claim a new ATH. Medals are cheap

[m2017]

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 you started celebrating the victory too early and the current slight increase in the price of bitcoin is not a reason for this. It looks like a small thaw during crypto winter, nothing more and I assume that there will be no further crazy growth, as you expect at the end of the year. Not all cycles have passed to give way to a bearish trend in favor of a bullish one. It's still early for that, be patient and you'll wait for the expected, but later.

[Slow death]

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?

don't be fooled into thinking that just because the price of bitcoin has increased a little then it's because the market is reversing to an uptrend, that's not true, the price is trading sideways, you just have to observe that it has dropped to 18000$ and then it has gone up to 22000$ and then it goes back down to 18000$ and then it goes back up to 20000 to 22000, this has been the price movement in the last few weeks, there is nothing of trend reversal to uptrend

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

I agree with you, at this point you shouldn't be anxious or create high expectations, the person can make the mistake and take all the money and buy bitcoin for the price of 20,500$ and then the price drops to 18000$ and continue in that zone from 18000 to 20,000$ for many months and the person who bought at $20,500 starts to panic because they think the price will never go up much again

[Ultegra134]

Just a short squeeze, nothing too much in this to get excited about, particularly as we've been here before several times already these last 4 months.

If we're patting ourselves on the back for this, I won't know what we'll do to award anyone who makes it through new lows (they're coming, don't dream) and emerges in 2023/4/5 to claim a new ATH. Medals are cheap

Exactly this. Why is everyone so excited when Bitcoin makes even the slightest bump? For quite a few months now, Bitcoin has been ranging between $19.00 and $21.000 for quite a few months now. There weren't any significant gains, it didn't even reach $21.000, but somehow, Bitcoin's and Ethereum's rally is all over the internet. We have a long way to go to see any decent recovery. Continue holding and we'll be rewarded.

[teosanru]

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?

Not at all, it might go for a break for sure as we have been pretty bearish from long term and might see some signs of bullishness now, but this does not means that we will go on to 50k or something in next few months. I remember when one bullish cycle finishes and then a bearish cycle finishes, market accumulates itself, it accumulates itself for too long, for days and weeks and months, same will happen now, you will see many bull traps, many bear traps as well but expect market to remain sideways for sometime, we will topple between 20k and 40k range for quite some time now atleast until the next halving after which we might gain momentum towards a bullish market.

[coolcoinz]

I don't think that it's over but there's a rule you should all be aware of. The markets work in such a way that the vast majority always loses. Some traders call this a crowded position. When positions are crowded they present an opportunity to be squeezed and a squeeze makes more money in liquidations for those who can afford to make that squeeze and believe me there are people with a lot of money running the market and making those squeezes.

So, if the market keeps proving to be profitable to shorters, more shorters keep taking these positions up to the point when they get squeezed and the market turns around. We've been profitable for bears for a year now and it's not going to last much longer. The bear market is probably not over yet but we're closer to its end than beginning.

[Piesel]

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, a less than 10% bounce back can not be considered to be a significant recovery that can be call recovery and at this point, we should understand that at this moment the price of Bitcoin has declined back to below 20,500 which is a big pullback from the recent price rise of 20700 last night.

So technically are not in a bull run yet and we have to wait for a while before we can determine the direction the market is going.

[panganib999]

Although as much as possible I want to remain positive and believe you in your sentiment about the bear market being over soon. It is still too early to decide that. There have been instances where bitcoin abnormally shot up in price in the middle of its regular 4-year cycle (which still couldn't be taken as a reference by the way) and has still dumped down eventually.  If you were right then congratulations to everyone of us. But this shouldn't FOMO everyone. Always do your TA first and foremost and DYOR.

[Smartvirus]

I can almost imagine the excitement for every bitcoin hodler. The thought and the signs of a possible bullrun is by far a wish and what everyone hopes for but, I remain in disbelief to say that, the bear market is over or the 4years circle has been broken.
For what is worth, these things comes with some sentiment attach that binds it almost like a tradition. It's an expectation for most and that is the sentiment that is likely going to make it happen.

Even in a bear market, we've got fake bullruns that comes with little pumps and then it dumps again. I think this could be it.

[Finestream]

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 this is not something new as we all expect about having a good price increase for bitcoin after long span of bear market and low prices. If this increase will continue months from now, the maybe this will continue to be bullish but if this will suddenly stop, this might be another bull trap.

[Russlenat]

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?

This is what we all hope for to see a good price increase for bitcoin and with the rest of established altcoins. So congrats for those who have high patience in hodling their coins for long term as they might be profiting months from now. Otherwise, if the price will dump again, then most likely the bear market is not over yet and we might experience more dumping of prices in the next days and months.

[eaLiTy]

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?

A bounce of $1500 and it is a recurring theme. It bounced and now you can see that the market is taking another break. To expect the market to reach an all time high valuation before the end of this year is a good Wishlist but that is not going to happen if you checked the past market performance. Considering these as opportunities to fill in your bag for the next halving and then the market will rally but this time around there are some barriers in the form of inflation and the fear of recession. So anything is possible in the next 4 years.

[romero121]

I don't think it's over. We're still in a bear market. I think these kinds of rises are to deceive us. In the bear market, you need to turn to other things. It makes me happy to earn something more or less with methods like testnet, airdrop, where we can earn free money. This is how I can spend the bear market efficiently and happily.

We're in the bear market. The price movement have turned good crossing $20k. Maybe for some time period this can move within the range of $20k to $21k same as it happened within $19k to $20k. As you've mentioned about the testnet airdrop, very few were getting eligible against a huge number of people's participation. So, everywhere luck have got its role.

[milewilda]

I don't think it's over. We're still in a bear market. I think these kinds of rises are to deceive us. In the bear market, you need to turn to other things. It makes me happy to earn something more or less with methods like testnet, airdrop, where we can earn free money. This is how I can spend the bear market efficiently and happily.

We're in the bear market. The price movement have turned good crossing $20k. Maybe for some time period this can move within the range of $20k to $21k same as it happened within $19k to $20k. As you've mentioned about the testnet airdrop, very few were getting eligible against a huge number of people's participation. So, everywhere luck have got its role.

Im not that confident yet we had been testing out 21-22-23k resistances for a while now and eventually been rejected and failed on having a break out and then suddenly the price had gone down again back on 18k
which im not really that much excited if this is totally the turnaround of the trend that we are currently experiencing.Bear market is over? We cant tell until we do see on breaking several resistances above.
The best thing to be done into those short traders is to make use of these movements to secure out profits and assure it.For those long term holders then it wont really be that much of an issue
nor a mindful thing for you to be in concern since you wont really be that caring nor be stressed at all.

[ChiBitCTy]

I'm not sure I feel that bitcoin hitting the 20k range is really a "bounce-back" nor do I have any level of certainty that we are out of the weeds at this point. I think a lot of it will continue to depend on global politics and global markets, as long as both of these aren't doing so well, I think we will continue to see the price of bitcoin lower or remain most stagnant.

I do have to say however, it's impressive as hell that bitcoin has hovered around 19/20k for as long as it has, shows maturity!

[Agbe]

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?

Yes I discovered it on Wednesday that Bitcoin has climb up to 20$ till now it has not come down that is a good indication that the price of Bitcoin has stable and it preparing to rise. Therefore the bear market is going to an end and the bull is going to take place as soon as possible. But some predicted early next year for the bull market to take place and some predicted late this year so if the bull come this year before the end of the year, I am not surprised again because I am not putting the bull in my mind for now.
Thinking of Bitcoin price in mind gives High Blood Pressure (BP). But when the bull happen, those who have stored at least some in their wallets will be Happy.

[Zaguru12]

Although this week has been great for bitcoin but that's not a guarantee to assume that the bear market is over. I think bitcoin is actually following the trait of last year where there was bull at late October. My assumption is bitcoin will revolve round the 20-25k figure and then hit another low come next due to the halve happening in 2024