Bear market likely over?

[Blawpaw]

It doesnt seem that the Bear market is coming to an end. Alot of experienced traders have already warned that this could be the most long bear market in the history of cryptos. Capo, one of the most profitable traders in the industry and he already warned that the price my go downs as much as 10k.  Let's hope he and the others are wrong...

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[coolcoinz]

The Binance CEO CZ and FTX saga has just melted the entire crypto market down, I do believe this is part of the game plan to crash the market. they're just using this as an excuse to cause panic selling in the market and crash the entire crypto market down in order for them to buy from the weak hands. Yesterday the market failed to close below $17500 the previous low, and today I'm curiously looking at how the market is gonna close too, regardless of the market manipulation I'm seeing going on right now.

Worst case scenario is we melt down to $12k we already touched $16k today, just few thousand dollars away from $12k.

Why 12k? Is this some kind of magical zone where the price has to go and stop?

Don't fall victim to those stupid youtube analysts who are imposing their own targets on you. These are targets where they want to buy and the more people repeat their mantra the bigger the chance they'll get to buy on the level they want. For some it's 10k, for others 12, for others 15 but really there's no such level. Everything below 20k is uncharted territory because bitcoin never went below the old ATH and bitcoin was never used for leverage the way it is now.

In my opinion everything below 20k = deep shit and it doesn't matter if it's 18 or 15k. Below 20 means trouble for miners and the whole economy. Also, everything below 20 is a buy zone.

[Franctoshi]

Worst case scenario is we melt down to $12k we already touched $16k today, just few thousand dollars away from $12k.

Why 12k? Is this some kind of magical zone where the price has to go and stop?

Don't fall victim to those stupid youtube analysts who are imposing their own targets on you. These are targets where they want to buy and the more people repeat their mantra the bigger the chance they'll get to buy on the level they want. For some it's 10k, for others 12, for others 15 but really there's no such level. Everything below 20k is uncharted territory because bitcoin never went below the old ATH and bitcoin was never used for leverage the way it is now.

This is base on my own analysis and what I saw from the chart, I'm a TA analyst and I don't rely on anyone's analysis to actually come out with mine, and too different traders have their own view of the market. Taking a good look at the monthly chart, we have a strong order block at $12k- $11k level which has not been tested since we broke out to hit the ATH @$69k, therefore for the market to break the $17k lows, the next support level for the market to visit is $12k, Currently the market is at $15k.

[Crypto-Ivan]

We are currently in a bear market. If you survive a bear market, you can generally make money. With this market structure, be patient and hold on, and the next bull run may bring you results.
In the crypto market, we cannot judge the trend in the next few months, but I believe that one day when the economy improves, the market will recover and there will be dawn.

[Ris88]

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 price of bitcoin experienced a drastic price drop and caused a new low price currently around $15k that's not good news seeing the price getting worse because the panic that occurred from binance's acquisition of FTX spread on social media twitter, it created panic and speculation, I'm not sure the price will recover quickly if this problem is not resolved properly

[Merit.s]

Bitcoin is facing the bear market recently and I know that it only the people that are patient with their Bitcoin Holdings  will benefit after this period when Bitcoin hits the bull market again. Panic should not be the only option as those that don't understand Bitcoin volatile nature will end up selling their investments unknowingly to them that there will be a bull market coming up.
This is the best time to buy Bitcoin during the  bear market for you to gain profit when you invest in a long term run. Nobody can tell the lowest price it will dip to before it will go up again 15k is the lowest we have seen this year but we should be strong even if Bitcoin gets below $10k because it is still serving the purpose Satoshi created it for.

[kennycarder]

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.

Bull market in 2024? However, the halving of Bitcoin is closely related to the world economic environment. When the world enters the global economic crisis, I feel that the bull market will be delayed. I don't know about other countries, but the war and the epidemic are not over. I am not optimistic about the future. This winter will be very cold.

[Lida93]

It's quite obvious that OP himself is just being speculative about the market just like every other person's and that why he said "likely over. For a newbie that fail to get an understanding of the statement or language  may take it to heart to rush in to buy with the idea that the market bearish period is just to elapse in no time only.  lol.

One uniqueness about the market is that we can't really be sure about the it next actions and inaction. As a trader you only take an action towards the market based on your speculations, and critical analysis hoping for it to work out in your favor.

This particular bear period is unlike what we have experienced in the past, it's one much longer than any I have ever seen in the market and it's only those that are patient enough to hold for long that can survive it. Of course the market price will always consolidate to giving hope to traders but that can't be justified as bear market being likely over.

[kro55]

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.

Bull market in 2024? However, the halving of Bitcoin is closely related to the world economic environment. When the world enters the global economic crisis, I feel that the bull market will be delayed. I don't know about other countries, but the war and the epidemic are not over. I am not optimistic about the future. This winter will be very cold.

I agree that the market situation is closely related to the general economic situation of the world, but from here until the halving is very long, we have more than 500 days to get there. And as we are seeing, although the war shows no sign of abating, inflation is starting to fall and the Fed has also announced it will slow down the rate hike, showing that we are gradually getting more stable. There's really no guarantee that the market will uptrend after the halving but let's hope for that, let's hope history repeats itself.

[LDL]

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's bear market is not over yet, nor can you or I say for sure when it will be.  But a wise and regular investor can have some idea.  From my little knowledge, I am giving the impression that usually at the end of the year especially October, November, December on the occasion of Christmas day, Bitcoin and cryptocurrency market is a bit bullish.  The market was bullish at the end of 2020, and the market was bullish at the end of 2021.  By the end of 2022, the market will be somewhat upward, that is, the market may be close to 20 thousand.  I guess that's 100% true isn't it?

[adzino]

You see. This is how the crypto market works. A small spike in the price and it made you think that the bear market was over. But who knew that the FTX exchange would end up collapsing? This unpredicted event once again caused the whole market to crash. The price went to new lows. This why everyone should be aware that the crypto market is completely unpredictable and people should not rely on those "bullish" or "bearish" signals to make their investment. Yes, they do help a little, but don't go all in based on those signs.

[sulendra12]

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

We are still at $16.5k - $17.k in past few weeks, bear market is not over yet for Bitcoin.

Many people says Christmas or New year doesn't really affect the price of Bitcoin but in my experience it does where people sell their assets for their big event things and the price is slightly change on that day whether it's pump or not, it's not that big change but for sure it can make lot of impact on that day. We might see the price move again this December.

[SOKO-DEKE]

Nobody can say that bear market it getting to be over, the bear market always depend on situation in ground some situations like, inflation which normally effects the economy, thing war that happened recently between Russia and Ukraine, also problems of exchange broken down. So we are expecting bounce back in price of Bitcoin and some coins if this situation stop happening and more people are investing in it and time adopting.

Bear market will likely to be over if we are not out of this silly situation, especially the rules exchanges are playing nowadays hacking of exchanges likely what happens to FTX exchanges recently. These are the  particular things that discourage the investors and stop peoples from adopting Bitcoin or crypto generally.

[Yatsan]

Nobody can say that bear market it getting to be over, the bear market always depend on situation in ground some situations like, inflation which normally effects the economy, thing war that happened recently between Russia and Ukraine, also problems of exchange broken down. So we are expecting bounce back in price of Bitcoin and some coins if this situation stop happening and more people are investing in it and time adopting.

Bear market will likely to be over if we are not out of this silly situation, especially the rules exchanges are playing nowadays hacking of exchanges likely what happens to FTX exchanges recently. These are the  particular things that discourage the investors and stop peoples from adopting Bitcoin or crypto generally.

It will only be over once there is a "run" or simply, when bullish pattern is visible already. It would be easy to say once such thing occur; most of the cryptocurrencies are in green marks, one after another price ceiling is being broken. This is also the time entering would be a good idea to ride with the upward movement. But that is indeed right; we or no one knows when will this direction occur to the market prices. Recently, a pump was seen which made high hopes for the investors that the market could recover before this year end. But after just a day, the market is again down. This simply instance is the proof how volatile the market prices are. Accurate prediction is close to impossible.

[crunck]

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

We are still at $16.5k - $17.k in past few weeks, bear market is not over yet for Bitcoin.

Many people says Christmas or New year doesn't really affect the price of Bitcoin but in my experience it does where people sell their assets for their big event things and the price is slightly change on that day whether it's pump or not, it's not that big change but for sure it can make lot of impact on that day. We might see the price move again this December.

Yes, it has always happened before, people will sell bitcoin to use on those big days, I believe bitcoin will fall further this month not a bull run as many expect. My prediction bitcoin can't break through 18k4 resistance before year end. But I hope  when the Fed announces the bitcoin interest rate will increase slightly for everyone to take profit and then there will be dump days because of Christmas or New Year.

[Casdinyard]

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?

  There were signs of a false bull last few months ago which prolly made people think that the bear market is already over, of course seeing how things are going now, it is not the case, although it could be argued that the current stagnation and the prior dip in price was caused by serious allegations surrounding the cryptocurrency industry last month which may have prompted some new investors and some seasoned ones to pull their assets out for the meantime. Whatever the reason may be, the main thing we should all be aware and vigilant about is the Christmas and New Year seasons, when people are most expected to pull most of their assets to cover for their expenses with the ensuing festivities.

[Gyfts]

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.

Never ceases to amaze me how baseless the speculation can be. We're a few weeks away from the end of the year and the likelihood of an ATM is virtually zero.
Bitcoin's utility goes far beyond crypto day trading so it's to my dismay to see folks perhaps not see the bigger picture. The price today, tomorrow, or next year is not really the end game anyways. BTC reaches another ATM, and then what?

Anyway, given the recent FTX drama and poor economic indicators for the global economy, my expectation is for the current state of the market to last well into next year before we see even the slightest amount of relief. I'm not concerned, neither should you be. Bitcoiners are used to this. We've been through much worse.

[inthelongrun]

Although the bitcoin price is recovering from the effects of the FTX scam, I consider the whole market as bearish until the year of the halving. What we have seen right now is just a recovery from the big bad news that shocked the whole financial system with a huge indirect impact on bitcoin the leading cryptocurrency. I expect next year as better than this year but still, it will have its ups and downs. The danger that I am looking into is if the war in Ukraine doesn't stop and its allies will play an indirect war which will be focused on economies.

[Cryptmuster]

There were signs of a false bull last few months ago which prolly made people think that the bear market is already over, of course seeing how things are going now, it is not the case, although it could be argued that the current stagnation and the prior dip in price was caused by serious allegations surrounding the cryptocurrency industry last month which may have prompted some new investors and some seasoned ones to pull their assets out for the meantime. Whatever the reason may be, the main thing we should all be aware and vigilant about is the Christmas and New Year seasons, when people are most expected to pull most of their assets to cover for their expenses with the ensuing festivities.

During the New Year holidays, people spend more money, but I am sure that this does not concern investors and this will not affect their investments in any way. I also do not remember that there were prerequisites for the end of the bear market, since the sequence of negative events followed one after another and this each time lowered the price lower and lower. Also, do not wait for everything to end and there will be growth, now you need to follow the news, because I think that they can continue to throw negative things for us.

[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?

I have not seen the bear market coming over in any time soon. It is now that the bear is about to start. Because it has not reached the speculated amount of 10$. Anyone saying that the bear market basket is coming to end is deceiving him or herself. Since we are in one the worst bear market in the Crypto space, this is the best time to buy and hodle it for the ATH. As the OP said, before you buy and hodle,. You have to know your financial status. If you keep all your savings to buy cryptocurrency, you might have issue with your family. Therefore, buy wisely. Enjoy btje bear market. Tour the bear Marlet.