Bye Bye Bear Market :)

[jasonjm]

The crypto bear market is far from over. Although the Bitcoin price is consolidated between $25k and $27k, one can not surely predict that the market is ready to pump. I think the market correction is not over yet, and the chances are that we might see a dip below $20k before the bull takes over. We might see some fake-out rallies in the coming months to attract more retail investors. Chances are that the market will pump once the BTC halving is over.

[1714984429]

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[1714984429]

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[Natsuu]

The crypto bear market is far from over. Although the Bitcoin price is consolidated between $25k and $27k, one can not surely predict that the market is ready to pump. I think the market correction is not over yet, and the chances are that we might see a dip below $20k before the bull takes over. We might see some fake-out rallies in the coming months to attract more retail investors. Chances are that the market will pump once the BTC halving is over.

If this is true, then we might see more news from now and then of people having mixed emotions about their investments. As we all know, the price goes lower before it goes higher. It's basic, right? But the main question is how low can it go?

As OP said, it might see a dip below $20K still before the bull market takes over. The reason could be to take out the early investors with their stop loss. Those early investors whose convictions for BTC to go higher are the fake-out rallies that's why they might be taken out of their investments.

One key thing about this is we all agree on one thing. That BTC will get a new all-time high.

[superman184]

The bear market is not over yet, as Bitcoin's value continues to decline. And it is currently 26k. Bitcoin price is hovering between 25 and 30k. It can't get above 30k in any way. Again it does not go below 25k. It is expected that the bear market will end well after 2023 and the bull market will come and after The value of Bitcoin will skyrocket.

The bearish market conditions that occurred this year are no worse than what happened last year, which means that the current crypto market conditions are still much better than last year, so there is no need to worry about the bearish market remaining at this time because the rate of decline is still very slight and happens slowly, as does the increase.

Bitcoin has been moving between 25-30k for a long time. It is preparing a solid ground for itself at these prices. I think it will continue like this for a while. I cannot say whether the bear market is over or not because Bitcoin's price increase can occur very quickly.

If this is only expected for a while, then we all don't need to be afraid of this because the estimate for an increase in the price of Bitcoin is still there and is very possible. For now, I also don't think that the bearishness is over because the price of Bitcoin is still not approaching the $30K range, so we still need to wait for the next few months to see whether Bitcoin will increase slowly or experience another decline from the current price.

I think these prices give us a buying opportunity. If the price drops further, I will say that it gives a buying opportunity again. We must make good use of these times.

The opportunity to buy more is still there and actually has to be taken advantage of from the beginning of this month until now by using DCA. Because it will never be in vain for those who want to buy Bitcoin at low prices before the halving comes or before the next increase occurs in Bitcoin, which is estimated to be very likely to happen next year.

[fzkto]

The crypto bear market is far from over. Although the Bitcoin price is consolidated between $25k and $27k, one can not surely predict that the market is ready to pump. I think the market correction is not over yet, and the chances are that we might see a dip below $20k before the bull takes over. We might see some fake-out rallies in the coming months to attract more retail investors. Chances are that the market will pump once the BTC halving is over.

You are probably right that the market is not ready to pump yet. But still the bearish season is over this year. If you look at the bitcoin price, it is much higher now than at the beginning of the year. Of course altcoins are still doing badly, but there is hope that things will improve soon.

[Falconer]

-snip-

You are probably right that the market is not ready to pump yet. But still the bearish season is over this year. If you look at the bitcoin price, it is much higher now than at the beginning of the year. Of course altcoins are still doing badly, but there is hope that things will improve soon.

We're not talking about altcoins, but this thread seems to be focused on bitcoin. The market has recovered since the start of this year until April, but the price correction continued into September even though we enjoyed an increase of more than $31k in the second week of July. Many people are pessimistic about September, but may be a little more bullish on October based on history.

I agree that the bear market is over and it is time we hope for a better price recovery. Bullish hasn't happened yet, but it might happen soon before the halving occurs. There are still several months before 2023 ends, so we'll just have to wait and see what the dynamics are like.

[fzkto]

-snip-

You are probably right that the market is not ready to pump yet. But still the bearish season is over this year. If you look at the bitcoin price, it is much higher now than at the beginning of the year. Of course altcoins are still doing badly, but there is hope that things will improve soon.

We're not talking about altcoins, but this thread seems to be focused on bitcoin. The market has recovered since the start of this year until April, but the price correction continued into September even though we enjoyed an increase of more than $31k in the second week of July. Many people are pessimistic about September, but may be a little more bullish on October based on history.

I agree that the bear market is over and it is time we hope for a better price recovery. Bullish hasn't happened yet, but it might happen soon before the halving occurs. There are still several months before 2023 ends, so we'll just have to wait and see what the dynamics are like.

The bear market for bitcoin ended earlier this year. Everything that is happening now can be called a sideways movement. But we have no guarantees that the bear market will not happen again, for example, before the halving. I don't believe that it will happen before the halving.

[serjent05]

The crypto bear market is far from over. Although the Bitcoin price is consolidated between $25k and $27k, one can not surely predict that the market is ready to pump. I think the market correction is not over yet, and the chances are that we might see a dip below $20k before the bull takes over. We might see some fake-out rallies in the coming months to attract more retail investors. Chances are that the market will pump once the BTC halving is over.

I agree that the bear market is far from over,  the crypto bear market may transition to a bullish market probably after the Bitcoin halving.  We all know that Bitcoin halving is the catalyst for the Bitcoin market to become bullish.  So we still have many months left to experience a bear market and we still have lots of months to accumulate Bitcoins.  In case anyone is worrying that the bear market will last forever, I believe that the market has its cycle where a bear market transitions to a bull market and vice-versa so just have patience and see for ourselves how the bear market transition to a bullish one after the Bitcoin halving.

[STT]

Bear market is over but confusingly bearish moves remain and probably always will to some extent.  We have to figure what proportion they exist and how much of their negative move is ongoing and durable.   We are bearish right now, descending beneath a negative 50 day average so short term and arguably medium term BTC remains somewhat bearish.  The medium term part is debatable as we are gradually but haphazardly moving up this year and this latest negative is part of that, but anyhow longer term I'm going to say we are positive in a sedate way.  
  The low on 12th May last year was 26,700, the high today and recently for over a month has not been much higher then 26633 so we'll soon be 17 months of dismal moves  mostly sideways.   I can forgive the bearish outlook when we are overcast like this, its opportunity if you can see positives further out.    Theres no real argument for a good positive trend but a subdued recovery is fair take imo.

[Jating]

The crypto bear market is far from over. Although the Bitcoin price is consolidated between $25k and $27k, one can not surely predict that the market is ready to pump. I think the market correction is not over yet, and the chances are that we might see a dip below $20k before the bull takes over. We might see some fake-out rallies in the coming months to attract more retail investors. Chances are that the market will pump once the BTC halving is over.

I agree that the bear market is far from over,  the crypto bear market may transition to a bullish market probably after the Bitcoin halving.  We all know that Bitcoin halving is the catalyst for the Bitcoin market to become bullish.  So we still have many months left to experience a bear market and we still have lots of months to accumulate Bitcoins.  In case anyone is worrying that the bear market will last forever, I believe that the market has its cycle where a bear market transitions to a bull market and vice-versa so just have patience and see for ourselves how the bear market transition to a bullish one after the Bitcoin halving.

Yes, I think the bear market is far from over, there are even some predictions that the price could still go down a bit as we approach the last couple of months of this year. On the other hand, it might be good to see the price trading sideways though, at least it's kinda like in the middle and we are all just waiting for next year and then the halving.

So we still need a lot of patience, if it trade sideways, then don't be bored, it's just part of the market movement. The best thing if you have funds is just to continue to accumulate at this boring and sideways patterns.

[kingvirtus09]

We are still far from the end of the bear market, and I don't see any strong reason for us to enter the uptrend to become bullish. So the battle strategy of the scalpers is purely short-term, especially since the dollar is high at the moment. Just a while ago, I saw the US dollar rise a little, so Bitcoin is only at ease in the meantime, to be honest.

If my reading is correct based on my analysis, Bitcoin can still drop between 25,940 and 27400, or if it rises, it will be at 27400 or something. This is my prediction today overnight until tomorrow morning.

[Minecache]

The crypto bear market is far from over. Although the Bitcoin price is consolidated between $25k and $27k, one can not surely predict that the market is ready to pump. I think the market correction is not over yet, and the chances are that we might see a dip below $20k before the bull takes over. We might see some fake-out rallies in the coming months to attract more retail investors. Chances are that the market will pump once the BTC halving is over.

Agreed, the bear market is far from over and I also predict that bitcoin will have more corrections before and after the halving. But the prediction of bitcoin falling below $20k is a very low prediction, and if that happens, it will cause more serious panic than we think. Personally, I just predict bitcoin could fall to $22k-$23k and will consolidate there for a long time until the bull season comes and takes over.

I have also seen some predictions that there will be fake-out rallies to continue siphoning liquidity from the weak hands in the market but I am not sure about that.

[Bitcoin_people]

2018 and 2020 were not very good markets during this period, the two years when the Bitcoin market experienced the worst bear market. However, when Bitcoin halved in 2020, the Bitcoin market boomed in 2021 and a huge bull market appeared. But in the position we are currently in, the price of Bitcoin has not increased much, but rather its value has decreased. Investors who have saved their money to invest are afraid to invest only because the market momentum is not very high from the market position. However, the current position in which Bitcoin is trending may not see any upside in the Bitcoin market this year. But I think the next year may change a bit in the Bitcoin market and its value in the market is likely to increase, so we will wait for a good Bitcoin bull in 2024.

[irhact]

The crypto bear market is far from over. Although the Bitcoin price is consolidated between $25k and $27k, one can not surely predict that the market is ready to pump. I think the market correction is not over yet, and the chances are that we might see a dip below $20k before the bull takes over. We might see some fake-out rallies in the coming months to attract more retail investors. Chances are that the market will pump once the BTC halving is over.

Corrections are something we should expect from the cryptocurency market always as when we're in the bull market, it doesn't mean the market will be moving only upwards without having downsides. It'll be correcting too but most of the market movements will be upwards. Since most of the market movement at the moment is downwards it means we're still in the bear market so we shouldn't be celebrating yet but planning on how to invest more.

The only time I can be confident we have exited the bear market is when Bitcoin has passed the previously all time high of $69,000 and trading above the price. When that happens there's going to be fomo more as every individual sitting on the sidelines before will start buying.

[MFahad]

Bitcoin has been moving between 25-30k for a long time. It is preparing a solid ground for itself at these prices. I think it will continue like this for a while. I cannot say whether the bear market is over or not because Bitcoin's price increase can occur very quickly.

I think these prices give us a buying opportunity. If the price drops further, I will say that it gives a buying opportunity again. We must make good use of these times.

yes this Fluctuating month is the preparing stage for halving as we have repeated history after every four years and in these fours years there is ups as well as downs so those holders who are not willing to get profit make wrong decisions while on other hands those who are in need of money decide by using the strength of their experience.

Price between 25k$ and 27k$ shows that the market is not experiencing more dip but it will further show an elevated record in price. Market movement between 25k$ and 27k$ does not mean that forever it will remains at this point and we also cannot find out that is it really a bear market or not but we have confirmed knowledge that before halving same situations was happened four years ago so we should also bear these situations as fruitful results are coming soon.

[Yaunfitda]

2018 and 2020 were not very good markets during this period, the two years when the Bitcoin market experienced the worst bear market. However, when Bitcoin halved in 2020, the Bitcoin market boomed in 2021 and a huge bull market appeared. But in the position we are currently in, the price of Bitcoin has not increased much, but rather its value has decreased. Investors who have saved their money to invest are afraid to invest only because the market momentum is not very high from the market position. However, the current position in which Bitcoin is trending may not see any upside in the Bitcoin market this year. But I think the next year may change a bit in the Bitcoin market and its value in the market is likely to increase, so we will wait for a good Bitcoin bull in 2024.

Yeah, I still vividly remember 2018's bear market, specially December wherein after a huge 2017 bull run, the next year was really bad and for those who haven't seen the bear market, it's worst but it's better that way. I mean you go thru it, learn from the bad market and come up strong in the next bull run and you know what to do.

So there is like a learn curve that each and everyone of us should go thru because we become smart investors here. I wasn't prepared at 2018 specially during Christmas season, and then 2019 as well. But still as I have said, I survived that phase in my life here in crypto that make me like battle tested already in this bear cycle that I don't panic or feel very nervous. And it's just a matter of months before it will be over as we have the scheduled block halving next year.

[dunfida]

2018 and 2020 were not very good markets during this period, the two years when the Bitcoin market experienced the worst bear market. However, when Bitcoin halved in 2020, the Bitcoin market boomed in 2021 and a huge bull market appeared. But in the position we are currently in, the price of Bitcoin has not increased much, but rather its value has decreased. Investors who have saved their money to invest are afraid to invest only because the market momentum is not very high from the market position. However, the current position in which Bitcoin is trending may not see any upside in the Bitcoin market this year. But I think the next year may change a bit in the Bitcoin market and its value in the market is likely to increase, so we will wait for a good Bitcoin bull in 2024.

Yeah, I still vividly remember 2018's bear market, specially December wherein after a huge 2017 bull run, the next year was really bad and for those who haven't seen the bear market, it's worst but it's better that way. I mean you go thru it, learn from the bad market and come up strong in the next bull run and you know what to do.

So there is like a learn curve that each and everyone of us should go thru because we become smart investors here. I wasn't prepared at 2018 specially during Christmas season, and then 2019 as well. But still as I have said, I survived that phase in my life here in crypto that make me like battle tested already in this bear cycle that I don't panic or feel very nervous. And it's just a matter of months before it will be over as we have the scheduled block halving next year.

Totally normal that you would really be making out some bad decisions on the time that you are really that dealing on a market on which you arent even aware on how it do behaves or on how it do really moves when it comes into its price volatility.I did remember that 2017-2018 moments specially when that bull run happened where everyone is really that been hyped up on which they do even believe that the price would really be non-stop on going into the top or prices that havent been able to achieve or attain without even trying out to realize that a market cant really be just having a single movement like forever on which if there's a bull market then theres always a bear after than and the cycle continues. It cant really be called a market if it doesnt really have that kind of phase on which it is really that normal that shifting with those trends.

If you have learned your lesson back in the past then it would really be just that normal that you would really be having the idea on what you should gonna do with the current cycle.
You do already have the idea on what you should gonna do based up on your experience and this is something a normal approach. We know that bitcoin halving is really that a solid
indication that would really be acting as a catalyst on the next bull run. This is why its wise to take up positions while its still early or have still the time on doing so.

[YUriy1991]

yes this Fluctuating month is the preparing stage for halving as we have repeated history after every four years and in these fours years there is ups as well as downs so those holders who are not willing to get profit make wrong decisions while on other hands those who are in need of money decide by using the strength of their experience.

Price between 25k$ and 27k$ shows that the market is not experiencing more dip but it will further show an elevated record in price. Market movement between 25k$ and 27k$ does not mean that forever it will remains at this point and we also cannot find out that is it really a bear market or not but we have confirmed knowledge that before halving same situations was happened four years ago so we should also bear these situations as fruitful results are coming soon.

I see that market conditions are still sluggish here and there due to unsupportive macroeconomic conditions, especially interest rates which are still high. Well, this condition causes little money entering the crypto market so that the price of Bitcoin has not soared or increased and this is normal because in my opinion it is part of the market cycle.

[lixer]

The crypto bear market is far from over. Although the Bitcoin price is consolidated between $25k and $27k, one can not surely predict that the market is ready to pump. I think the market correction is not over yet, and the chances are that we might see a dip below $20k before the bull takes over. We might see some fake-out rallies in the coming months to attract more retail investors. Chances are that the market will pump once the BTC halving is over.

Agreed, the bear market is far from over and I also predict that bitcoin will have more corrections before and after the halving. But the prediction of bitcoin falling below $20k is a very low prediction, and if that happens, it will cause more serious panic than we think. Personally, I just predict bitcoin could fall to $22k-$23k and will consolidate there for a long time until the bull season comes and takes over.

I have also seen some predictions that there will be fake-out rallies to continue siphoning liquidity from the weak hands in the market but I am not sure about that.

Small corrections don't make the market stay in the bear season in my opinion because the market even corrects itself during the bull run but that doesn't make much of a difference and the market starts going up after those corrections just normally. However, it can be said that we are still not totally out of the bear market despite the fact that the price went from about $18k to $32k this year but that doesn't make it any different since it could go beyond that.

I don't see the price going as low as $20k and it will obviously cause a lot of panic in the market if it happens because almost the whole market is expecting the current price to be the bottom before the bull run that we might see next year or the year after that and the market should start recovering slowly from this point.

[Baofeng]

yes this Fluctuating month is the preparing stage for halving as we have repeated history after every four years and in these fours years there is ups as well as downs so those holders who are not willing to get profit make wrong decisions while on other hands those who are in need of money decide by using the strength of their experience.

Price between 25k$ and 27k$ shows that the market is not experiencing more dip but it will further show an elevated record in price. Market movement between 25k$ and 27k$ does not mean that forever it will remains at this point and we also cannot find out that is it really a bear market or not but we have confirmed knowledge that before halving same situations was happened four years ago so we should also bear these situations as fruitful results are coming soon.

I see that market conditions are still sluggish here and there due to unsupportive macroeconomic conditions, especially interest rates which are still high. Well, this condition causes little money entering the crypto market so that the price of Bitcoin has not soared or increased and this is normal because in my opinion it is part of the market cycle.

And after almost a month, the same pattern emerges, we are still in the sideways pattern. We did have a good price movement above $27k, but that is the highest price we got so far for this month. And if we talk about volume, not that much either.

So yeah, it will continue to be sluggish, the conditions around the world is not helping as well. We have seen fresh war in the Middle East and it might contribute to the slowness not just by crypto market, but all financial and traditional market as well.

[Mahanton]

yes this Fluctuating month is the preparing stage for halving as we have repeated history after every four years and in these fours years there is ups as well as downs so those holders who are not willing to get profit make wrong decisions while on other hands those who are in need of money decide by using the strength of their experience.

Price between 25k$ and 27k$ shows that the market is not experiencing more dip but it will further show an elevated record in price. Market movement between 25k$ and 27k$ does not mean that forever it will remains at this point and we also cannot find out that is it really a bear market or not but we have confirmed knowledge that before halving same situations was happened four years ago so we should also bear these situations as fruitful results are coming soon.

I see that market conditions are still sluggish here and there due to unsupportive macroeconomic conditions, especially interest rates which are still high. Well, this condition causes little money entering the crypto market so that the price of Bitcoin has not soared or increased and this is normal because in my opinion it is part of the market cycle.

And after almost a month, the same pattern emerges, we are still in the sideways pattern. We did have a good price movement above $27k, but that is the highest price we got so far for this month. And if we talk about volume, not that much either.

So yeah, it will continue to be sluggish, the conditions around the world is not helping as well. We have seen fresh war in the Middle East and it might contribute to the slowness not just by crypto market, but all financial and traditional market as well.

This is why i dont make myself that getting excited on the time that the price do make out some signfiicant movement like $1k-$2k movement because usually people would  really be saying that this is start of the bull run
but it wasnt really that sustaining or really that lack for some push forward because after those kind of movement or increase will not really assure that it would continue.Expect the unexpected as always on which this market is really that something that very unpredictable and there's no way that we could really be able to tell on where it would really be heading on which it would really be resulting that kind of boggling up on our minds on what are the things that could happen. Bear market is over? There's no way on telling or saying that not unless on that Bitcoin halving on which we can tell that it would really be that the catalyst for bull run to kick in or something that we can really tell that this market will really be that having that full turn.

Instead of minding about bull run then it would really be just wise that you should really be that positioning yourself on the bottom which we do believe that there might be some last drop before
the market would really be having that complete u-turn but of course all of those things are assumptions and there's no way that we could tell on when it would happen.
Market could really be only just having two possible paths which is on going up or down and it would really be totally depending on when it would really be starting.
This is why taking up wise decisions is really that recommended.