New bull market or new bear market ahead?

[bluebit25]

I totally agree with you, indeed this market is highly volatile, and most of our mistakes are lack of knowledge in the beginning and then lose patience and miss possible opportunities earn a profit.

Honestly, compared to the ATH it reached and the longer-term view, I believe bitcoin can one day also surpass the ATH or even speculate that $100000, so trust the research and the standard. Being prepared for things to happen even in a long-term downward price situation is an opportunity for us to accumulate knowledge and wealth.

Yep, lack of knowledge is a big cause of mistakes, and it's like a vicious cycle with experience, as well as the fact that I have some friends who have been exposed to this market quite early but they are still stuck of profit seeking, is influenced by the psychology of investment behavior during the market volatility, which is easy to FOMO according to the released news. And of course the truth is that I am also very optimistic about the future when the market will become bigger, and that journey will also have to go through difficult times for people to gradually accept this market.

[Joseph-P]

SpaceX dumped Bitcoin recently so the drop isn't anything unexpected, I reckon we'd have stabilized at the 25, 26k range right now and would once again go on sideways for a few weeks before another move (hopefully up back again). On the bullrun, I'm expecting it to happen a year to a year and a half from now, so still pretty far. I'm at that phase where I'm still steadily accumulating, so the dips every now and then are pretty much good favors for me since I can buy more coins in a low price (since I DCA).

Are you sure about your comment? So far, the news has only speculated about bitcoin crash few days ago conducted by SpaceX. Until there's financial reporting released by SpaceX, we will never know the reality. This might just be an issue created by the media to induce panic selling. However, if you have evidence that yesterday's situation was caused by SpaceX, i will believe it. If not, just wants to remind you, not too believe in media about crypto price, because they are very often spreading a FUD.

Yes, and so we are not sure why everyone is talking about Elon Musk or his SpaceX as the reason of the current dump. In any case, we are still in the bear market technically, and so that will remain for now.

If we are talking about a bull market then it should start right after the bitcoin block halving. So don't be surprised if we see the price continue to decline throughout the year, we are still in the bear market so we need to understand that and hopefully we shouldn't be listening to these FUD are Elon Musk and his supposedly selling out huge amount of bitcoin because this news is like a broken record already.

While I dont entirely agree with your prediction of a constant decline for the rest of the year, I certainly dont see a bull market happening anytime soon. Just as you said, I think the next bull market will happen right after the bitcoin halving. Perhaps a little more of institutional involvement in crypto would be very helpful too.

[Hypnosis00]

Right now, it is looking very bearish for our coins because recently, we had a big loss. Bitcoin and Ethereum almost dropped 10%.
But Bitcoin and Ethereum are still up from previous gains.
It is very difficult if we will have new bull market or new bear market ahead.

What is your personal expectation?

There is a big difference when saying it is looking bearish and being in a bearing situation. But then, I couldn't agree to any of the two because the current situation is far from the state of being bearish. In fact, you can compare the current price today versus the price last year and for sure, you can see something big different from it, and that is a bear season. But what it is happening these days is just a normal event in the market, it dumps hard and it recovers back as well. We can never see the price trend keep on high but instead, you can always see price corrections.

[fullhdpixel]

I still hope to see another bull run in next year or 2025.
Even though it is still speculation, it is still hope for many people so that they can get big profits again.
But for this year it looks like we still have to see changes in the prices of bitcoin and altcoins and we have to be patient and stay calm.
And right now, we are still in a bear market and we shouldn't panic when a decline will still occur later.

We are not in the bear market right now because you can't just judge the market based on that single criterion of its losing value while people are still believing in it. When the market is in the bear run, the prices would not let you take any profit or sell your assets before they match the highlights. Also, you can't call it a bull run when the price goes up just a little bit and then stops right there because the prices keep going up during a bull run.

The market will obviously need to see a lot of changes in the prices of certain cryptocurrencies during this year since the halving event is expected to occur next year and the community is expecting something like the bull run to occur after the halving and not months before it arrives.

[|MINER|]

Right now, it is looking very bearish for our coins because recently, we had a big loss. Bitcoin and Ethereum almost dropped 10%.
But Bitcoin and Ethereum are still up from previous gains.
It is very difficult if we will have new bull market or new bear market ahead.
What is your personal expectation?

One of the difficult things in the cryptocurrency world is that to say what is going to happening in the future. So I want to say first of all that no one can say with 100% sure how the crypto market situation is going to be in the future. But in my opinion, since bitcoin halving is coming and if you look at the past history, the effect of bull run has been seen in the market every time after halving. So I would say that a bull run could come next after Halving. But before the halving, of course I would say A can be got some bear

[masulum]

While I dont entirely agree with your prediction of a constant decline for the rest of the year, I certainly dont see a bull market happening anytime soon. Just as you said, I think the next bull market will happen right after the bitcoin halving. Perhaps a little more of institutional involvement in crypto would be very helpful too.

Why did he say that currently it is still in the decline phase? Because, so far, BTC is below 50% from latest ATH. Even though BTC and some Altcoins are starting to show recovery, we are still in a bearish phase on a trend basis. So, maybe until the end of this year, BTC still can't reach the minimum price of 40K, to see the bullish potential. Halving is a pattern that often occurs when bullish comes, but this is still limited to predictions and market speculation based on history. Will it be the same as previous years? Nothing is certain yet, because it depends on market sentiment.

[Cadaver20]

What is your personal expectation?

I definitely expect a new bull market. Bitcoin is unable to cross the $30K resistance. I expect the market to be gradually bullish from the end of this year. Almost every bitcoin halving comes with a bull run in the market. I expect that this time too.

[jaberwock]

I still hope to see another bull run in next year or 2025.
Even though it is still speculation, it is still hope for many people so that they can get big profits again.
But for this year it looks like we still have to see changes in the prices of bitcoin and altcoins and we have to be patient and stay calm.
And right now, we are still in a bear market and we shouldn't panic when a decline will still occur later.

What about this year mate? You don't like? But don't worry because I am sure a bull run is guaranteed next year and on 2025 as so many people are claiming the same thing. Hoping for it alone is useless. We need to make sure first that we are now ready and while waiting we can additionally buy, if we truly wanted to earn huge income.

If it's only about changes, it does happen from time to time. Some times the change is small that is hardly seen but lately the change is a major one (only in the negative direction though) but it must be a good thing for some who want to stock up more coins again or to those who just getting started.