Bye Bye Bear Market :)

[Dave1]

It's probably a surge like what happened during 2019. It was the middle of a bear market, but Bitcoin went from $3,000 to $13,000, then went back down.

Yes, this is also what I'm seeing here back in 2019 when we are still in the beginning of the year if I'm not mistaken, there was huge spike. But that time it was said that the spike was brought by 3 big whales who collude to push the price up. After that the price did go down again.

Perhaps this might be the case here this 2023, just like what we are seeing, the price suddenly goes to $23k and not stopping.

And probably the ceiling will be $25k before we might go for a correction.

[1714479824]

1714479824

[buwaytress]

It's probably a surge like what happened during 2019. It was the middle of a bear market, but Bitcoin went from $3,000 to $13,000, then went back down.

Yes, this is also what I'm seeing here back in 2019 when we are still in the beginning of the year if I'm not mistaken, there was huge spike. But that time it was said that the spike was brought by 3 big whales who collude to push the price up. After that the price did go down again.

Perhaps this might be the case here this 2023, just like what we are seeing, the price suddenly goes to $23k and not stopping.

And probably the ceiling will be $25k before we might go for a correction.

Painful to admit as it may be, this is also how I see this. Can't dismiss that the sell walls are down... We were, after all, trading below the old ATH for a really long time and that has never happened before so we could still see this line hold as extreme support. But on the other hand, sellers only get exhausted for so long and this could just be a correction before we see long term sentiment and general economic outlook begin their sustained pressures.

All that, nevertheless, cannot fight eventual supply pressure from halving in just over a year.

[19Nov16]

The market is always unpredictable, when we hope too much that the price will continue to rise but sometimes the price drops significantly, but if there are no big issues like LUNA or FTX I'm sure the price of bitcoin will continue to rise because user demand is very high especially more and more companies are serious about it developing bitcoins.

[bbc.reporter]

The best argument for bye bye bear market is Asian countries with the highest adoption of bitcoin and the cryptospace are beginning to buy now which might help avoid bitcoin from dumping lower. It might also be good to start closely following the news from Asia on crypto regulations and developments to have some idea on what might the future appear like.

I don't underestimate the Asian markets, but I think that the purchasing power is still much stronger in the west, although it is obvious that people in countries with a lower standard are far more interested in Bitcoin. According to some research, Vietnam, the Philippines and India are in the top 5 countries according to the global adoption index, but at the same time, from time to time we get bad news from India about how they want to ban cryptocurrencies or increase already high taxes.

Something similar to this news, in China, they appear to have begun reversing their policies against digital assets starting with NFTs.

I would say that it is quite unrealistic to expect that China will change its attitude towards Bitcoin, but it does not surprise me that this attitude can change when it comes to some other forms of crypto assets. Absolute control has always been China's first priority, and they certainly cannot achieve that when it comes to Bitcoin. In addition, a complete change of policy towards the entire sector would mean that they admit that they were wrong, and the communists avoid that at all costs.

However, did the first market pumps after a bear market not always begin in Asia before the western countries and everyone else began to notice what was really happening? Was this not always what occured in the past? I speculate that it might not be much different when the next bull market arrives again.

The storyline might again be people from Asia will be the first to arrive and the westerners will be the last with much of them again the people who will be dumped on.

[Sebas.tian]

I am still positive that we will not yet start yet the bull market, maybe more sideways but no more dumps just like what we experienced last year. Last year is the best example of a bear market which we saw drastically drop from an all-time high and most of the altcoins are also dumping. Since Bitcoin block halving is next year, maybe the first quarter of this year is still not sure for me, I am still bearish.

Yes, no more dumping in this season because there are some signs the crypto market price is displaying that is making traders to feel the bearish market is over. The bearish market is still still on in the market but the price will not decrease more than $23,232 before it will increase higher for the traders to have full confident that the bullish will definitely appear before the end of next sixth month. Based on the crypto market news this morning, showed that there is still hope for those that missed last year opportunity, to use this precious time to buy Bitcoin and hold for the bullish to takeover the market before they can sell to make something good.

[yohananaomi]

The market is always unpredictable, when we hope too much that the price will continue to rise but sometimes the price drops significantly, but if there are no big issues like LUNA or FTX I'm sure the price of bitcoin will continue to rise because user demand is very high especially more and more companies are serious about it developing bitcoins.

LUNA and FTX events as well as previous cases and do not rule out what will happen in the future with other cases, is a phenomenon that will continue to be one of many that will affect the crypto price situation because it triggers the fear that occurs from investors to refrain from trading temporarily time until the situation was under control again. but this incident will never stop and will continue to be repeated and will be part of the development of crypto itself, it's just a matter of how to anticipate this situation so that it doesn't drag on too late.
I am sure with you, that bitcoin will continue to increase because the demand is indeed quite high and the availability is indeed limited and many need it resulting in an economic law to occur, where a lot of demand but little availability will result in an increase in price.

[STT]

The price today slipped from holding weekly and 2 day to only just about holding onto the weekly.  Losing 2 day average despite the higher prices recently is a sign we can lose momentum and reset back to the lower 20k's before we try the higher end of the 20k range.   25k seems to be quite pivotal for now and we've slowed dramatically the gradient by which we are gaining.
   Right over head of us, not quite a ceiling touch but close by are much longer term measures like the yearly 50 week average and the 200 week both of which are descending and are fair warning we should not remember the overall market needs more time then just traders do to recover and turn around.

[EarnOnVictor]

Bitcoin 2018 vs 2022:

1. 7 MA crossing 25 MA.
2. Bitcoin broke the resistance trendline.
3. End of Bear Market, bottom is in.

Although Bitcoin is bullish in the long-term outlook, it's still too early to say the bear market has ended, the year just started. The MA crossing you relied upon can fail as it did many times in the past, so there is nothing affirmative yet. However, the trendline is a more reliable guide in this condition, but my weekly chart looks so different from yours as you can see below. My weekly trendline has dotted the same levels you claimed, and it's showing that the trendline was broken since last year October and has remained above the level till now.

[AverageGlabella]

I Hope it is the end of the bear market it has been going on too long and was starting to get to me despite trying my best to remain positive. Seeing some of my investment recover has been nice I just hope I do not have to go through what we went through the last 6 months because it has been difficult.

[GeorgeJohn]

I will not agree that we are out of bearish market until we have to reach june 2023, because their is every tendency that Bitcoin can rise today and fall tomorrow as i started previously in another thread as i stated. But i believe that Bitcoin if the bond is strong i will not say we are out of the bearish market

[Mpamaegbu]

I won't hastily say we're out of the woods right now even with all the rally going on with Bitcoin price. I think it's too early to preempt the market. The breakout in the weekly chart OP put out here could also retrace and then wipe out accords with high leverage (for those on Futures trade) as it's quite expected for price to retest its breakout position before moving on. It's a given that Bitcoin will do well this year but I expect that to come up in the last quarters of this year, not now. What I see now is that the party seems to have started too early and that's a bull trap if you asked me.

[fzkto]

I won't hastily say we're out of the woods right now even with all the rally going on with Bitcoin price. I think it's too early to preempt the market. The breakout in the weekly chart OP put out here could also retrace and then wipe out accords with high leverage (for those on Futures trade) as it's quite expected for price to retest its breakout position before moving on. It's a given that Bitcoin will do well this year but I expect that to come up in the last quarters of this year, not now. What I see now is that the party seems to have started too early and that's a bull trap if you asked me.

I also think it's too early to say that we have entered a bull run phase, but there are actually a lot of signs of that. Bitcoin, for example, has been rising for over a month. Some of the altcoins have already shown great growth. Some are near resistance and should start to show growth soon as well. So we do have signs of a new rally.

[NeuroticFish]

What I see now is that the party seems to have started too early and that's a bull trap if you asked me.

I've seen this theory more than once. Also I was not convinced we're out of bear market yet.
However, we've already had some attempts for correction/bring the price back down, rather weak and rather short lived. The upwards trend seems to be pretty powerful and I start to believe that OP was indeed right.

[Wind_FURY]

I will not agree that we are out of bearish market until we have to reach june 2023, because their is every tendency that Bitcoin can rise today and fall tomorrow as i started previously in another thread as i stated. But i believe that Bitcoin if the bond is strong i will not say we are out of the bearish market

To play Devil's Advocate, the price may not be out of "a bearish cycle", but there are indicators that Bitcoin might go out of it soon, fundamental indicators.



HODLers are increasing, which also indicates that the sellers unburdening themselves from their "heavy loads" are absorbed by long term investors who are buying the DIP the sellers are causing. Those who are buying the DIPs during the bear cycle are the same people who are front-running everyone during the bull cycle.

[Kemarit]

What I see now is that the party seems to have started too early and that's a bull trap if you asked me.

I've seen this theory more than once. Also I was not convinced we're out of bear market yet.
However, we've already had some attempts for correction/bring the price back down, rather weak and rather short lived. The upwards trend seems to be pretty powerful and I start to believe that OP was indeed right.

Yes, if there is something that we learn from history, is that we are still in the bear cycle even if we see this price increasing right now. I also think that this upward trend is for real, not a bear trap or something. Best case scenario is to top $30,000, and that will mean x2 of the lowest low.

And earlier I saw the price going above $24,000 and then we have some minor corrections to $23,800. Nevertheless this is just the first attempt, so I wouldn't be surprised to see second and third attempt before we surpassed $24,000 and then maintained it and go for the next big barrier of $25,000.

[NeuroticFish]

Yes, if there is something that we learn from history, is that we are still in the bear cycle even if we see this price increasing right now. I also think that this upward trend is for real, not a bear trap or something. Best case scenario is to top $30,000, and that will mean x2 of the lowest low.

And earlier I saw the price going above $24,000 and then we have some minor corrections to $23,800. Nevertheless this is just the first attempt, so I wouldn't be surprised to see second and third attempt before we surpassed $24,000 and then maintained it and go for the next big barrier of $25,000.

Yep, that's correct. The fact that I start to agree with OP doesn't means that "tomorrow" we'll touch again the last ATH, nor that there won't be corrections, no.
The only news is that going under 15500 is becoming unlikely from now on.

[AverageGlabella]

What I see now is that the party seems to have started too early and that's a bull trap if you asked me.

I've seen this theory more than once. Also I was not convinced we're out of bear market yet.
However, we've already had some attempts for correction/bring the price back down, rather weak and rather short lived. The upwards trend seems to be pretty powerful and I start to believe that OP was indeed right.

I think we are out of the bear market but the bears can always come back and take over but currently I would say we are seeing a correction from the bear market back up to a more normal level. I do not think it will reach the ath but I do think a correction of around $25000 is going to happen. We have broken the resistance and we will probably settle around the $25000 price for the next couple of months. Bears will only take over again and push it down if there is further bad news this year.

[Wong Gendheng]

The bear market that occurred throughout 2022 made many frustrated and panic so that it sells with losses, now slowly the market starts rising and if we count an increase of more than 40%, this makes us have to be sure and no more panic for long -term holders, And I plan to hold Hold at least up to a year or more.

[michellee]

The bear market that occurred throughout 2022 made many frustrated and panic so that it sells with losses, now slowly the market starts rising and if we count an increase of more than 40%, this makes us have to be sure and no more panic for long -term holders, And I plan to hold Hold at least up to a year or more.

I hope you don't get frustrated and panic and sell your bitcoins .

But it's true that that's what happened to many people because they weren't ready to see the decline happening to bitcoin. And those who can hold their bitcoins and not panic can now start smiling because slowly, their bitcoins have started to show what percentage of their profit level. And some people want to buy more bitcoins while the price is still not high.

[karabiber]

According to Fear & Greed Index the purchasing part outweighs. This index has always shown me the truth if the index is at these levels i will continue to buy and after 80% i will start selling in parts. There is also an increase in the number of hodls.

I think it's too early to say the bear market is over. There is some movement in altcoins but first Bitcoin needs to rise enough. I think that after going from 16k to 40k altcoins will reach the desired values ​​and then I can say bye to the bear market.