New bull market or new bear market ahead?

[traderethereum]

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.

[blockman]

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?

Not difficult to have a new bull market. That's what we're waiting for and it's gonna be the savior of this market as of the moment. But to expect it come, it won't come on an instant and see to it that it's likely to come maybe by next year or so. That's why I don't see any reason for us to think if it's a bull or bear market, it's difficult. No, we just have to be used to it and do your own thing whenever you have to. If the market is not good for you as it's bearish, still think positive because you'll have to see how good the market after this dump. And if you have done the exact thing that you have to while we're experiencing this like buying when the price of Bitcoin is low. In fairness with ETH, it didn't plummet that much despite Bitcoin's dump.

[yazher]

This is expected to happen because we still not entering the bull run season yet and we will probably witness more decline in the price of bitcoins and the top altcoins as well. This is where your patience is tested and when you are investing in altcoins I'm sure you already know the risk of not getting back your capital if something goes wrong because altcoins are not bitcoins and sometimes when bitcoins recover their price, some altcoins remain its price at All time low since sometimes their developers abandon the project when they faced such difficulties.

[Jocuserious]

No trader or investor will give you 100% certainty of bull market or bear market. Because bull markets are not monotonous and billion and million investors can spin a wheel. Last year many people said that bull market could come very soon, but it remains only a story because the thought scale has not happened yet. A hype of bitcoin we may get early even results in bull from altcoins. You invest and make profit but hold for bull market if there is excess money.

[Odusko]

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?

We are in a dip correction cycle that can neither be called a bull market or a bear market since the price of Bitcoin which is the major market determinant has shaded off some good percentage of its price which forced other coins to follow the same market pattern so waiting for the next market approach,  which could be in whichever ways this can possibly be one of the tough time for cryptocurrency investors who don't have the long term approach to their coins holdings and are only speculators for the short term market.

[JunkieMiner]

There will be a bull market in the coming days, as recently we have seen some positive feedback about the bitcoin, and we had hear a of positive news about the bitcoin, that its price will pump. And will road to $35k but we can only assume that it might be better.

[Woodie]

At the moment, there is no sign of any bullishness to hit the market, and the worst part is that people are just getting to know about what's going on with the markets as our crypto news outlets echo what's this and instilling some kind of fear to get the buying back on track...tbh we could get close to 25,000 before the bulls come in.

So short term, we are bearish and long term we are definitely bullish as whales scramble for the cheap coins on offer!

[Apocollapse]

We're in recovery stage, it just a short dump and then Bitcoin will bounce back to $30K. Don't put a big hope if the bull run will happen soon, the bull run might high likely happen in 2025 which mean this and next year are still the good time to buy.

Why 2025? because Bitcoin bull run happen after a year of halving event.

[danherbias07]

SEC is also not stopping so don't expect too much right now. While they are attacking a lot of cryptocurrencies like Binance and XRP, there will always be doubts in many investors' minds. So demand might not that be high but it is showing a good opportunity as an entry point for new buyers. This is a good chance to accumulate some Bitcoin while it's getting cheaper.
The bull, on the other hand, might be a slow and steady fight. Bitcoin ETF. Do check the news about that because it might be the spark that will make a wave of demand as time flies by and then most altcoins will be dragged by the upward motion of Bitcoin. Blackrock and Fidelity had made their moves and very soon many investment firms will be opening that fund.

[BitcoinWalker]

Bull then bear and then bull again - that's how market cycles work. The thing is nobody knows when a new cycle begins and how long the current one will last. Most successful people possess two qualities: they are patient and they know how to diversify their portfolios. These two things are easier said than done, however.

[ultrloa]

Normally it should be bear when you accumulate then sell it if bull market happens, but its hard to determine if we are in bear or bullish situation since there are times that we think that this is the final dip but turns out there will be more to come and we get trap with it.
 Also there are scenarios that we expect the bull run came but it stabilize on certain price level so for this situation we need to be more updated on any situation so that we can do some good decision if the market is not going on the direction where we like to go.

[Questat]

Normally it should be bear when you accumulate then sell it if bull market happens, but its hard to determine if we are in bear or bullish situation since there are times that we think that this is the final dip but turns out there will be more to come and we get trap with it.
 Also there are scenarios that we expect the bull run came but it stabilize on certain price level so for this situation we need to be more updated on any situation so that we can do some good decision if the market is not going on the direction where we like to go.

Now, the situation is uncertain but for me, I don't see it going to again, no more $20k at this time as we are done already with it.
Till now, we don't have any assurance for the price to recover shortly but I know we are going that moment, yet it will take time to arrive. What we gonna do for now is to keep calm and strong. I do not often check the market price because I don't want to think negatively about the current situation, so adjust and wait. As long as I'd never sell my Bitcoin, I'd never lose any.

[Blitzboy]

Like great societies, cryptocurrencies are based on trust. The current declines in Bitcoin and Ethereum are only a little blip in the big tale when trust weakens. Are you worried about a 10% drop? These are minor, short-term events.

How should you proceed? Wise folks HODL. Yes, hold on tight. But dont wait. Travel, learn, and change. The crypto industry changes quickly, so be patient and stay current. Think a "bear market" is coming? Maybe, but the ready, who learn and evolve constantly, will ride the next wave wherever it goes.

To address your query about my personal anticipation, look at the big picture instead than short-term confirmation. People who are patient, persistent, and accepting of turmoil make digital asset history. HODL, learn, and prepare. Dawn comes before a storm. The night before dawn is always darkest.

[Wexnident]

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?

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).

[tsaroz]

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?

This is a sideways market. Bitcoin has been moving between 20k to 30K for over a year now. Anything below 25K should be utilized as buy points.
After a bear and sideways movement around the low, it's no brainer to predict an upcoming bull. But no one is sure enough when would it arrive and whether we would get many other opportunities to buy bitcoin. A prediction is once we hit 41200 on bitcoin, we would move into a bull run. Till than it's wise to keep investing a part of your savings into crypto.

[martinex]

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?

This is a sideways market. Bitcoin has been moving between 20k to 30K for over a year now. Anything below 25K should be utilized as buy points.
After a bear and sideways movement around the low, it's no brainer to predict an upcoming bull. But no one is sure enough when would it arrive and whether we would get many other opportunities to buy bitcoin. A prediction is once we hit 41200 on bitcoin, we would move into a bull run. Till than it's wise to keep investing a part of your savings into crypto.

True, the movement of BTC so far can only be predicted. So, when it comes to rising or falling prices, it's always a surprise. Yes. what you just said is true, as a user and what is certain at this time is to continue to buy as long as the market is in conditions like this according to our respective abilities and prepare for all eventualities. if flying would be more fun.

[bussybuddy]

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?

We all understand the volatility of this market, anyway if we look back a bit we've had a pretty exciting time around the beginning of 2023, I think there will be a decrease and a correction around the mark $20000 or even deeper. However, in terms of long term and looking for profit opportunities, I think people in this market need a capital management strategy to maintain their investment in a long term way, a familiar fact here nothing goes up forever, nothing goes down forever .

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.

[masulum]

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.

[Dave1]

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.

[justdimin]

We are in a dip correction cycle that can neither be called a bull market or a bear market since the price of Bitcoin which is the major market determinant has shaded off some good percentage of its price which forced other coins to follow the same market pattern so waiting for the next market approach,  which could be in whichever ways this can possibly be one of the tough time for cryptocurrency investors who don't have the long term approach to their coins holdings and are only speculators for the short term market.

That is true, we can't really call it bear or bull, we can certainly not call it bull looking at the price, but we can definitely not call it bear neither even though it's down. Too many people call it going to be wrong because the reason they call it is because they see it go down but not all the price drops could not be considered bear market, that one is something that takes some time and I think we should be more careful about it for sure.

I get that it's not understandable to have it change anytime now, but it should not be simple neither. I get that it will be tough, but it should be ok to have it and we could be calling it just regular stuff without a trouble and we could make it work the way we want it to be.