The future of Bitcoin: Bullish or Bearish

[Captain Corporate]

It looks even more likely to go up soon, it reached near 26.5k levels and that's why I could say that its getting to a point where it could end up with being something that would be a lot more important. I would guess that there will be something that would end up with something that would be lovely. I think we are going to end up with a great profit that would be a lot better. I guess its going to be something that would end up profiting a lot. I think its going to be something that will end up with a great return. Hopefully I guess that something that would end up working for the good time. Lets just hope that it keeps growing more and more from here.

[MFahad]

The future of bitcoin is both Bullish and Bearish, not one of the options.

There are advantages to both of them to the market, so they will need to keep occurring for balance sake.

We do not want long bearish seasons, we want longer Bullish season.

Yes exactly the market of crypto can both have bear and bull season because if there occurs only a single season then it will not be possible for getting profit because balance have not effects.

Now we don't know that is it bear market or not because we don't know that what is really a bear market and what will be the minimum price for describing bear market. But it is known fact that there will always be a chance of Bull season when for certain period of time we experience bad conditions.

So this period is beneficial and the next period coming in the form of Bull run will also be advantageous depending on the act of people that what they want to do whether they are buying or selling.

[Baofeng]

It looks even more likely to go up soon, it reached near 26.5k levels and that's why I could say that its getting to a point where it could end up with being something that would be a lot more important. I would guess that there will be something that would end up with something that would be lovely. I think we are going to end up with a great profit that would be a lot better. I guess its going to be something that would end up profiting a lot. I think its going to be something that will end up with a great return. Hopefully I guess that something that would end up working for the good time. Lets just hope that it keeps growing more and more from here.

Yes and this is just the beginning, I mean technically we are still in the bear market, nevertheless though, this month seems to be on the sideways. But we have some movement to $26,500 and it's quite surprising to see that jump maybe in the last 3 days or so.

And the good news is that we still have like months before the end of the year, so it's either it will end with a significant increase before the actual block halving. Or we will be just above $30k which is the biggest barrier so far. Either way, we are all looking for the eventual bull run next year. So we might as well take in stride everything that this year will give to us.

[fuguebtc]

It looks even more likely to go up soon, it reached near 26.5k levels and that's why I could say that its getting to a point where it could end up with being something that would be a lot more important. I would guess that there will be something that would end up with something that would be lovely. I think we are going to end up with a great profit that would be a lot better. I guess its going to be something that would end up profiting a lot. I think its going to be something that will end up with a great return. Hopefully I guess that something that would end up working for the good time. Lets just hope that it keeps growing more and more from here.

Yes and this is just the beginning, I mean technically we are still in the bear market, nevertheless though, this month seems to be on the sideways. But we have some movement to $26,500 and it's quite surprising to see that jump maybe in the last 3 days or so.

And the good news is that we still have like months before the end of the year, so it's either it will end with a significant increase before the actual block halving. Or we will be just above $30k which is the biggest barrier so far. Either way, we are all looking for the eventual bull run next year. So we might as well take in stride everything that this year will give to us.

Why are you surprised that bitcoin went from $25k to $26k5 in just the past few days, and you became positive because of that? Let's not forget that bitcoin has been moving sideways in the $29k-30k$ area for the past few months and has dropped to $26k, so to me this is not a positive signal for the market. One mistake I see people make is that people get excited about bitcoin going up 1% or 2% and people quickly forget about bitcoin going down 5% or 10% before that.

Another thing I see is that everyone is sure that the halving is coming and that will help bitcoin never drop in preparation for the halving. But honestly, I think on the contrary, bitcoin will drop more before the halving happens.

[TelolettOm]

Yes and this is just the beginning, I mean technically we are still in the bear market, nevertheless though, this month seems to be on the sideways. But we have some movement to $26,500 and it's quite surprising to see that jump maybe in the last 3 days or so.

Of course, we are still in the bearish season. But theoretically, it is almost the end of the bearish season. When we are nearing the BTC halving, it is the sign for the beginning of bullish season. However, it is just a theory, the market trend sometimes goes unexpectedly. The nature of crypto market will be always unpredictable.

Anyway, we already experienced the sideways for some months. Even this month, the sideways continues, the price still move slowly.

And the good news is that we still have like months before the end of the year, so it's either it will end with a significant increase before the actual block halving. Or we will be just above $30k which is the biggest barrier so far. Either way, we are all looking for the eventual bull run next year. So we might as well take in stride everything that this year will give to us.

Do you mean $30k is the barrier of the next bullish period?
Even Bitcoin price passes $30k, I'm not sure if we won't have another dump. For me, the real barrier is the negative news of SEC, people are worried with BTC future because the accusation/intervention of SEC. When it is over, the market will obviously increase significantly.

 

[romero121]

Even if a fortune teller is questioned on what will be the future of bitcoin, he'll say it came be both bullish and bearish. Everyone knows well about bitcoin and how the market is moving around. It is really tough to decide when the market is taking a change. The changes could happen in a drastic way and in an unexpected manner. When the price is predicted to be bullish, it could move downward on the bearish trend. It is always good to keep ourselves prepared for the worst market situation. This will help us maintain the portfolio in a better way unlike the bullish/bearish trend of the market.

[Nrcewker]

The future of bitcoin is both Bullish and Bearish, not one of the options.

Bitcoins are limited in numbers. There is fixed supply of Bitcoins. These both lines can prove why there will be always bullish and bearish market for the coins. Everything is about Demand and Supply. When the demand to accumulate the coin increases, the supply becomes less due to fix number and hear we see a bullish season. Now the reverse happen for bearish season. So yes the investments that we will make needed to be done with full caution.

[salad daging]

Even if a fortune teller is questioned on what will be the future of bitcoin, he'll say it came be both bullish and bearish. Everyone knows well about bitcoin and how the market is moving around. It is really tough to decide when the market is taking a change. The changes could happen in a drastic way and in an unexpected manner. When the price is predicted to be bullish, it could move downward on the bearish trend. It is always good to keep ourselves prepared for the worst market situation. This will help us maintain the portfolio in a better way unlike the bullish/bearish trend of the market.

Forecasters will answer this is beyond my thoughts on the future of bitcoin. Lol
The most common thing we know about bullish trends is after halving because this has happened several times with previous cycles, so if you are asked when is bullish? I answer after the halving.

Prolonged bearish is after a long bullish time then bearish symptoms will come this cycle is common with my words above, so we must know it is difficult to guess, as for predictions that are slightly relevant is what I stated above.

I see that because with the previous, there will be some market behavior from the usual, maybe this happens because of other things or factors that affect it.

[lizarder]

Bitcoin's recent performance has raised concerns, with various factors impacting its trajectory. However, it's important to approach its future outlook rationally.

That means there is nothing to worry about and that's how Bitcoin runs on the market, the level of rationality depends on the opportunities you get. Although Bitcoin is one of the best investments if not invested properly bitcoin will not provide a level of rationality for themselves for us.

In summary, a rational, calm approach is essential in the cryptocurrency market. Make investment decisions based on your circumstances and risk tolerance, avoiding being swayed by sentiment.

There is nothing to worry about Bitcoin in the long run because Bitcoin has shown a fundamental level that is not possessed by other coins. We have also seen how Bitcoin can have an impact to reach the stage of financial freedom if invested correctly. Not being panicked you will get if you have gained knowledge about investment correctly because if you make a mistake then you will get unnecessary losses.

It is important to make wise decisions when you want to be involved in investment and most importantly can be responsible for the decisions taken. Risks can never be separated in investment in Bitcoin, but we can minimize these risks if you have correct knowledge about investment.

[YOSHIE]

Bitcoin's recent performance has raised concerns, with various factors impacting its trajectory. However, it's important to approach its future outlook rationally.

If you talk about Bitcoin speculation on issues (Bullish or Bearish), of course these two things come back to you, We have seen several countries fighting wars linked to Bitcoin, but still Bitcoin is growing rapidly and the crypto market is being hunted by many people.

I believe Bitcoin will remain in a bullish position in the future, I don't look at the negative side of what is happening now, my speculation is that crypto market conditions will improve in the future, we will see positive things that will happen for various reasons, I am pretty sure we will see a Bullish market in the near future.

[Pierre 2]

The future of bitcoin is both Bullish and Bearish, not one of the options.

Bitcoins are limited in numbers. There is fixed supply of Bitcoins. These both lines can prove why there will be always bullish and bearish market for the coins. Everything is about Demand and Supply. When the demand to accumulate the coin increases, the supply becomes less due to fix number and hear we see a bullish season. Now the reverse happen for bearish season. So yes the investments that we will make needed to be done with full caution.

This is definitely cool argument to start discussion with. We all feel scarcity will always carry Bitcoin to higher levels. But when its unstable demand and supply stop fighting each other. In general most people wanna make money through Bitcoin trading, very quickly. For it they wanna see weekly price moves up (at least around %6-7). Sadly this is not very common anymore. So markets lost its Capitulation a bit. So Bitcoin is definitely very speculative...

[Usasauki2004]

Using technicals and pure price action, a top down analysis should be done before you can conclude or consider that the bitcoin will go bullish or bearish. Top down analysis are done starting from a higher time frame which are monthly, weekly and daily. They are mostly the TF used to predict the market future either it will go bullish or bearish.

From the monthly TF, the market has formed a double top and when it's formed, the market is expect to go bearish which it does and presently, it has found a support at 16000 and it retraces and going bullish forming higher highs and higher lows.

From weekly TF, the market has broken the weekly low 30000 (psychological level), which has been retested again but tends to be ranging and no clear direction yet. Patience and calmness is needed since the market has retested the support broken which tends to be resistance now, I believe the resistance will be taken out only if we are patient enough.

Immediately the weekly low is taken out, we wait for a retest to ascertain that the support will hold before going for a long. I have a positive believe that the Market will form a triple top at the range of 63000-69000.

The market will go bullish as time goes on. Mind you, there are fundamental news that might affect the movement of the Market but they are just temporary. Again, the markets oscillate and it's constant because they move in waves and they will always react when they are close to any psychological levels.

In this type of market, traders tends to benefit more because whether the market is bullish or bearish they still get the best out of it by trading the market but to hold then you have to have patience.

The above write ups are my speculation about bitcoin in the nearest future to come.

[Wiwo]

Bitcoin to me seems like something that is either going to be wildly successful or it will fail completely. I don’t see much room for a middle ground here. Mining seems almost designed to boom until miners grow to the point where they start going bankrupt. If prices don’t go up significantly before next April, those bankruptcies will start happening.

April 2024 is just at the point of the bitcoin halving and if all things being equal we expect to see a significant price increase at that time since block size and this usage in higher demands a mist scarcity due to block reductions,  this will motivate a more market activities and also bust the market viability.

So for that, we have to see a no less bankruptcy from institutional Bitcoin investors,  unless if due to internal financial crisis but not due to Bitcoin price not going up.

[eightdots]

In summary, a rational, calm approach is essential in the cryptocurrency market. Make investment decisions based on your circumstances and risk tolerance, avoiding being swayed by sentiment.

Instead of bull or bear, the best option is to make your own plan and act in line with that plan. Since our common opinion is that the bull season will come, our goal is to enter the bull season ready.

There is a lot of news about the market. Many news such as FTX events can negatively affect the market. Bitcoin continues on its solid path after all this news. When the time comes, it will come to the price it deserves. It will be worth what the investor waits for.

I can't give an opinion for short-term investors, but I can say something for long-term investors. Do not take the negative news in the market seriously and continue investing in Bitcoin for your goal.

[Falconer]

-snip-

That means there is nothing to worry about and that's how Bitcoin runs on the market, the level of rationality depends on the opportunities you get. Although Bitcoin is one of the best investments if not invested properly bitcoin will not provide a level of rationality for themselves for us.

The most rational approach in my opinion is, invest only the amount you can afford to lose. That's pretty wise for any investment asset. They may be worried about the future, but bitcoin has a good future based on the foundation it has built among its community so far.

-snip-

There is nothing to worry about Bitcoin in the long run because Bitcoin has shown a fundamental level that is not possessed by other coins. We have also seen how Bitcoin can have an impact to reach the stage of financial freedom if invested correctly. Not being panicked you will get if you have gained knowledge about investment correctly because if you make a mistake then you will get unnecessary losses.

It is important to make wise decisions when you want to be involved in investment and most importantly can be responsible for the decisions taken. Risks can never be separated in investment in Bitcoin, but we can minimize these risks if you have correct knowledge about investment.

I'm not forbidding anyone from worrying about the future, but I personally wouldn't worry too much considering what bitcoin has achieved so far. Bitcoin has become known globally even though not everyone invests in it, but it is a strong foundation for bitcoin and its future despite the price volatility of each cycle.

Risk always exists for any investment asset, but risk tolerance still needs to be considered wisely. Don't invest all your budget in bitcoin, I mean you still need to have a reserve budget for other important things. Bitcoin does not guarantee the future, but it has a good future because we will probably find that millions of people have lost faith in the centralized financial system.

[Sophokles]

Bitcoin supply is deflationary so there is no reason not to be bullish in the long term. Its price will skyrocket as the adoption rate increases gradually. Investors will fight for their bitcoin share in the market. It's limited supply makes it more attractive to long term investor as there isn't an unlimited supply to dilute their money. Bitcoin has all the facts to be bullish on it.

[danadc]

I have always seen that the bitcoin market will be bullish, but things are not just because they seem to me, or because it seems to a member of the forum, there is a prediction model, and what I like the most is PlanB, maybe Many don't like it, but it seems to me that it is the most accurate model, perhaps there are some influences that move it away a little, but the general and long-term behavior for me is bullish and continues to be fulfilled, bitcoin has not fallen that much and It stays there, it just starts a trend that goes down and then it recovers, it goes up, there is more ATH and then it goes down, it's normal, but it doesn't go down that much, the PlanB model for me is the best.

[goaldigger]

Bitcoin supply is deflationary so there is no reason not to be bullish in the long term. Its price will skyrocket as the adoption rate increases gradually. Investors will fight for their bitcoin share in the market. It's limited supply makes it more attractive to long term investor as there isn't an unlimited supply to dilute their money. Bitcoin has all the facts to be bullish on it.

Definitely yes but we have to go through the process and bear market is also part of that process.
If you are looking at the Bitcoin’s journey you’ll see the bullish patter and yes it becomes more expensive every year. The market is running and its very volatile, anything can happen with Bitcoin but I’m sure we are still heading into a more bullish trend. The future is with Bitcoin, lucky to those who will adapt early and trust the Bitcoin process.

[lizarder]

The most rational approach in my opinion is, invest only the amount you can afford to lose. That's pretty wise for any investment asset. They may be worried about the future, but bitcoin has a good future based on the foundation it has built among its community so far.

That's where the key is and the level of rationality is not at the level of the ability of the source of the investment but rather how someone can be responsible for the selection method taken. Bitcoin will not be useful for individuals if they are not involved in it, therefore I mention that the level of rationality is very dependent on those who are able to take a chance on bitcoin.

I'm not forbidding anyone from worrying about the future, but I personally wouldn't worry too much considering what bitcoin has achieved so far. Bitcoin has become known globally even though not everyone invests in it, but it is a strong foundation for bitcoin and its future despite the price volatility of each cycle.

Risk always exists for any investment asset, but risk tolerance still needs to be considered wisely. Don't invest all your budget in bitcoin, I mean you still need to have a reserve budget for other important things. Bitcoin does not guarantee the future, but it has a good future because we will probably find that millions of people have lost faith in the centralized financial system.

No one can predict the future with certainty, but if we look at the potential in bitcoin, at least we have confidence that bitcoin will become an investment method that has influence and is able to maintain its existence. Based on what we see and with the evidence that Bitcoin has currently provided, talking about risks anywhere cannot be separated from it, but if someone understands how it works then these risks can be minimized.

Create an investment percentage with an amount that can be adjusted for other needs, for example having the same criteria or a different budget set. So life doesn't just always talk about investment, but there are other things that we need to prepare especially if we already have a family there will be many other responsibilities that need to be taken care of.

[Unbunplease]

Most likely, in the near future - within half a year - we are expecting the beginning of a bullish movement. In the near future - a decline by half. Of course, we cannot predict whether bitcoin will show its full growth potential in 2024 or whether it will culminate in the first half of 2025. Most likely, bitcoin will, as always, fool everyone