Bear market likely over?

[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

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[Sanitough]

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.

We will only consider that this will be the start of a bullish market once we start seeing 20% consistent price increase in all coins, but that is not happening as of today so most likely this is just another regular pump that will also dump later on. And as long as the bear market is here to stay, we won’t be able to see significant prices for bitcoin and altcoins.

[lixer]

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.

There is only a small recovery in btc price and it doesn't tell that there is an incoming bull run but it's possible that we can climb till $21k up to $24k but again we shouldn't expect a lot because the price won't likely cross $25k and beyond just like last time.

Testnet airdrops on the other hand are gaining popularity nowadays I guess that's because of that aptos nft where users got a decent reward but indeed it's all about luck. That is the main recipe right now for the airdrops. If we want something more surer then why not enter trading? Price still shows some recovery so it's possible to engage on them. We can also try working on some free lancing sites if we have some skills. There are so many ways for us to earn during this bear season.

[hyudien]

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?

Anything can happen in a highly volatile market. Bitcoin and other Altcoins have phases that we cannot predict exactly. Some even think they will experience a bear market which makes the market respond very quickly. Always do research to review crypto market conditions as some factors increase or decrease due to more general world economic problems. But if you look at the market now, based on the timeframe it has been through Bitcoin has been reborn from its lows and we are now above $20K. So when a sharp decline occurs, it is difficult to say it lasts long. We are facing winter and the world cup people will withdraw their balance a bit to place bets and also buy some necessities in winter including Christmas.

[buwaytress]

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.

They're probably a lot more excited when Bitcoin takes a whiff of a dump, to be fair. Panicky sells they'll never talk about, compared to courageous holds they don't make but keep talking about heh.

But yeah, I prefer to be vocally pessimist, but long term hopeful and quietly optimist -- of course, that doesn't affect market in anyway, just that I think if we're going to be feeling self-congratulatory for only holding this long, we're probably setting ourselves up to miss the actual milestone (next ATH, baby!).

[Japinat]

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!

The OP might have read somewhere about these so-called "crypto experts" and saying about some forecast that the bear season will end sooner than expected. We literally don't know about that yet, not even the creator SN can predict the market's situation. We might have some good signs in the market but just like you mate, I don't think it's a sign that bitcoin will have its much awaited bounce back.

[philipma1957]

A lot depends on Twitter sparking a massive Doge rally and the price of US savings bonds. Come Nov 1 the I bond will be adjusted along with a fed rate hike on Nov 2-3.

I think all of the above could serve to surge or cut the bulls.  Next week is critical .

[Maidak]

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.

We've been under $20k for a long time and a lot of people are excited to see it go above $20k again but the gain was only 7% so it cannot be said that this is a sign of a bull market. For me this is just a slight rally and bitcoin will soon drop again in the next few days. Remember we are still in a bear market and the economy is still very volatile so it is impossible to say that the bulls are coming.

Many people are discouraged by the long bear season but be sober don't let these short-term greens fool us, bear season won't end anytime soon until the economy stabilizes again.

[Coin_trader]

A lot depends on Twitter sparking a massive Doge rally and the price of US savings bonds. Come Nov 1 the I bond will be adjusted along with a fed rate hike on Nov 2-3.

I think all of the above could serve to surge or cut the bulls.  Next week is critical .

This is so true! I believe the dump will be terrible if the Feds rate will imposed a new hike although Powell is already notified by some economist to slow down on increasing the interest which means there's a chance that the rate will lower and this mini bull run becomes a mid tier bull run until the next Feds meeting. 

I'm sure Doge hype will die very soon since it was already overbought while we are still on undecided market. Shorting or longing this shitcoin will be very dangerous due to it's high volatility state right now.

[Hamza2424]

Not a perfect word for it as i don't know for now as its done or not because Still we are facing some of the signals as we are still stuck but some of the signals confirm that bear market is ended and bottom confirmed. Point is the mainstream Bottom is expected to be 14k but its still unknown. What we need is some patience.

[Inwestour]

I'm sure Doge hype will die very soon since it was already overbought while we are still on undecided market. Shorting or longing this shitcoin will be very dangerous due to it's high volatility state right now.

After each pump, a dump comes, but what this pump is connected with is not clear, most likely it is the inflated news about a new purchase, and how quickly it took off so quickly it can fall. Temporary pump that risky guys can use. I have seen many advise about buying dogs, but this advice seemed crazy to me. Damn , it works!

[Twentyonepaylots]

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?

Although it's good that the price made a significant pump, at least this will provide some relief to bitcoin hodlers who had endured the bearish runs for so long. Of course, the bet is on the bulls returning to the market once the resistance at $20000+ is broken. Otherwise, the price may pullback. However, once the resistance is broken and its price retraced and turned the resistance to support, then it will be obvious that the bulls had returned to the market. Still, we need to observe and wait.

[Rengga Jati]

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.

A positive signal in the era does not mean indicating that Bullrun will soon arrive. Especially if it is only based on a market increase that is only temporary. It takes a lot of things that are strong enough to start a bullish market. Usually, they will happen if Bitcoin Halving has occurred like in previous times. Maybe this is only a little increase that could be trapping us with a pseudo-increase. This is not a bounce price, just be calmer in every type of market increase or decrease.

[Oceat]

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.

A positive signal in the era does not mean indicating that Bullrun will soon arrive. Especially if it is only based on a market increase that is only temporary. It takes a lot of things that are strong enough to start a bullish market. Usually, they will happen if Bitcoin Halving has occurred like in previous times. Maybe this is only a little increase that could be trapping us with a pseudo-increase. This is not a bounce price, just be calmer in every type of market increase or decrease.

I don't see the point where the signal coming and why OP said it was going to be done. If they do mean the common natural growth then he's wrong this is just how the market works but it's not supposed to pump like it's a bull run. Bull run usually occurs after the halving of bitcoin. There's something that OP should know if it's a legit pump or a temporary pump such bull trap or when traders move like buying that would create a slight pump but not a massive pump.

[stomachgrowls]

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.

A positive signal in the era does not mean indicating that Bullrun will soon arrive. Especially if it is only based on a market increase that is only temporary. It takes a lot of things that are strong enough to start a bullish market. Usually, they will happen if Bitcoin Halving has occurred like in previous times. Maybe this is only a little increase that could be trapping us with a pseudo-increase. This is not a bounce price, just be calmer in every type of market increase or decrease.

I don't see the point where the signal coming and why OP said it was going to be done. If they do mean the common natural growth then he's wrong this is just how the market works but it's not supposed to pump like it's a bull run. Bull run usually occurs after the halving of bitcoin. There's something that OP should know if it's a legit pump or a temporary pump such bull trap or when traders move like buying that would create a slight pump but not a massive pump.

When we do speak about for those people who do really make out some claims just because they've seen it on technical indicators.
For example.
EMA signal
MACD
RSI(Divergences)

which you could really make out assumptions that there might be some switching up of trend which you cant really blame them on saying up these things
that this bear market would likely be over. We cant precisely predict on where the market would be going neither upward or downward.
This is why risk taking would be always a raised question on this particular condition.

[Minecache]

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 have been in bear season for 1 year and this is not the first time we see bitcoin rally during this bear season, it has happened many times and many people misunderstand like you and believe that bear season is about to end and give way to the coming bulls. I can tell you that with this increase is not enough to say that the bull season is coming, it is too early for the bear season to end.
We are still in a sick economy so can't expect to see more money flowing into the market for the bulls to return, the market will recover when the economy is better.

[Bazzu]

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 have been in bear season for 1 year and this is not the first time we see bitcoin rally during this bear season, it has happened many times and many people misunderstand like you and believe that bear season is about to end and give way to the coming bulls. I can tell you that with this increase is not enough to say that the bull season is coming, it is too early for the bear season to end.
We are still in a sick economy so can't expect to see more money flowing into the market for the bulls to return, the market will recover when the economy is better.

Indeed, if you look at the current economic conditions, it is not appropriate to call it a bear market that will end. but of course no one will know for sure about the market, because the market is hard to predict. because who knows the bull market will come. because if you look at the market now, I think it's still stable. and there is a possibility of going up too.

[Warkop]

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.

A positive signal in the era does not mean indicating that Bullrun will soon arrive. Especially if it is only based on a market increase that is only temporary. It takes a lot of things that are strong enough to start a bullish market. Usually, they will happen if Bitcoin Halving has occurred like in previous times. Maybe this is only a little increase that could be trapping us with a pseudo-increase. This is not a bounce price, just be calmer in every type of market increase or decrease.

I don't see the point where the signal coming and why OP said it was going to be done. If they do mean the common natural growth then he's wrong this is just how the market works but it's not supposed to pump like it's a bull run. Bull run usually occurs after the halving of bitcoin. There's something that OP should know if it's a legit pump or a temporary pump such bull trap or when traders move like buying that would create a slight pump but not a massive pump.

When we do speak about for those people who do really make out some claims just because they've seen it on technical indicators.
For example.
EMA signal
MACD
RSI(Divergences)

It won't be everyone's benchmark, sometimes it doesn't match expectations even under any circumstances..

which you could really make out assumptions that there might be some switching up of trend which you cant really blame them on saying up these things
that this bear market would likely be over. We cant precisely predict on where the market would be going neither upward or downward.
This is why risk taking would be always a raised question on this particular condition.

It looks like it's approaching the end of the year, and the signs of the end of the bear market are already being felt right now, although it's only assumed that we can at least study the history that existed a few years ago, and that will usually happen at the end of the year.  , the bull market we've been waiting for has arrived, at least having a pessimistic thought doesn't hurt..

[dlightag]

The cryptocurrency market is growing day by day, which many industries and individual are coming into the crypto, especially Bitcoin investment, that all eyes are into, which is the actually determine the crypto market movement, been Bitcoin (BTC) in other words bitcoin is the number one in the cryptocurrency market, while waiting for next bitcoin halving, the cryptocurrency market will be on bullish as a result of bitcoin in uptrend movement.

[FanEagle]

Bear market is not something that is just means "price is low", it means it's going down, in my mind we have been out of bear market for months now, and maybe that's just me but I found it to be relaxing. When was the last time we had a big crash? Months and months ago? When Luna happened? Aside from that I do not think that we really dropped that low.

This is why I believe that we shouldn't be really shocked with what we have right now, it's just a stable price and that's fine, as long as it's stable that means it can't hurt us. If you bought bitcoin at anywhere under 25k, that means you are doing fine, and you have been doing fine for nearly 6 months or so right? That's good, that's nothing to be scared of.