Is Bitcoin In Bullish or Bearish Trend?

[lombok]

As long as Bitcoin is still below MA200, I think Bitcoin is still in a bearish trend. There's not much to do other than buy more BTC and Hold. Wait patiently until the BTC price is above MA200 and we will switch to a bullish trend. And usually before the halving there will be a fairly deep price decline before rebounding and turning bullish. However, this also cannot be used as a benchmark because current conditions and conditions before last year's halving are also different, history may repeat itself, but if factors and conditions are different then the price journey this time will also be slightly different from previous history.

[Fundamentals Of]

Overall I'm very confident to say that Bitcoin is bullish. There's no doubt about that. Senators, congressmen, department secretaries, even presidents are talking about Bitcoin. International companies are interested about Bitcoin. Some are even accepting Bitcoin as payments. How can we not be bullish about Bitcoin?

In the shorter time frame, I think Bitcoin has yet to enter the bullish season. It will come later on, most probably after the halving. But then if a Bitcoin spot ETF is approved in the US before the halving, then I think the bullish season will come earlier.

[Ale88]

So, what is your perspective: Do you believe we are currently in a bear market, or is this merely a manipulation to discourage some individuals from Bitcoin?

In my opinion we are out of the bear market but for sure it's not bull yet, I see this more like a neutral/accumulation phase with the price going up and down between $23-24k and $30k. If we were in bear market it would slowly going down and down, and I think we reached the bottom when FTX went bankrupt last November. I expect to see a few more dumps anyway.

[Poker Player]

In my opinion we are out of the bear market but for sure it's not bull yet, I see this more like a neutral/accumulation phase with the price going up and down between $23-24k and $30k. If we were in bear market it would slowly going down and down, and I think we reached the bottom when FTX went bankrupt last November. I expect to see a few more dumps anyway.

I think like that. Not bear because the worst is over and we are in a kind of sideways, and not bull still because we are not clearly going up. Besides I would call bull run proper when we pass the previous ATH of $69K, after the halving. In the meantime, it is a good time to keep accumulating. There will be a day when we wish we had bought more under $100K.

[michellee]

With Bitcoin's current condition, it is still in a sideways period, but there are signs that it is now at the end of a bear market and we are just waiting for it to rise. I wonder if the price will start to increase to a certain limit in a few months, for example, $ 35k- $ 40k.

After that, the price may be stable while waiting for the halving time to arrive. Then, the price will rise slowly until it reaches its final ATH. And here, the price may look sideways like now and the market looks sluggish. But then the market can increase suddenly and gain its long rally.

If the scenario were like that, we would be happy. We will continue to collect more Bitcoins.

[tbct_mt2]

Overall I'm very confident to say that Bitcoin is bullish. There's no doubt about that. Senators, congressmen, department secretaries, even presidents are talking about Bitcoin. International companies are interested about Bitcoin. Some are even accepting Bitcoin as payments. How can we not be bullish about Bitcoin?

In the shorter time frame, I think Bitcoin has yet to enter the bullish season. It will come later on, most probably after the halving. But then if a Bitcoin spot ETF is approved in the US before the halving, then I think the bullish season will come earlier.

Overall, Bitcoin is bullish and we can easily see this fact with Bitcoin yearly candles. Most of candles are green and more important, yearly low prices increase with time. People often talk about new all time highs but they don't know the more importance is new yearly-low highs.

It can be a strange term but with new highs of Yearly low price, we actually see very good growth of Bitcoin price year by year even it is its yearly low price in worst time of each year.

Also in long term, it is very bullish. The bullish case for Bitcoin with many insights for long term investors.

[wxa7115]

So, what is your perspective: Do you believe we are currently in a bear market, or is this merely a manipulation to discourage some individuals from Bitcoin?

In my opinion we are out of the bear market but for sure it's not bull yet, I see this more like a neutral/accumulation phase with the price going up and down between $23-24k and $30k. If we were in bear market it would slowly going down and down, and I think we reached the bottom when FTX went bankrupt last November. I expect to see a few more dumps anyway.

The most common state is a ranging market, which happens when the price does not present a strong trend in either direction, which is exactly what we are seeing now, and even if the price of bitcoin has presented a positive movement during the past days this is nowhere near enough to say a bull market has finally arrived.

And while many investors dislike a ranging market as the chances of making a lot of money are not very good while we are in it, this is the perfect time to accumulate some more coins at a good price and wait for the bull run to finally appear.

[adultcrypto]

As long as Bitcoin is still below MA200, I think Bitcoin is still in a bearish trend. There's not much to do other than buy more BTC and Hold. Wait patiently until the BTC price is above MA200 and we will switch to a bullish trend. And usually before the halving there will be a fairly deep price decline before rebounding and turning bullish. However, this also cannot be used as a benchmark because current conditions and conditions before last year's halving are also different, history may repeat itself, but if factors and conditions are different then the price journey this time will also be slightly different from previous history.

I think this is a more conservative way to put it to avoid drawing wrong conclusions. The recent rise in price is not enough confirmation for a bullish market because knowing how Bitcoin moves, it is possible that the bullish move of a week can be eaten up in a day if the bears take charge of the market. Therefore, just like you pointed out, it is better to wait until the 200 moving average is broken before we conclude.

[Fara Chan]

I think this is a more conservative way to put it to avoid drawing wrong conclusions. The recent rise in price is not enough confirmation for a bullish market because knowing how Bitcoin moves, it is possible that the bullish move of a week can be eaten up in a day if the bears take charge of the market. Therefore, just like you pointed out, it is better to wait until the 200 moving average is broken before we conclude.

Everyone really needs to wait a little longer to see where the price of Bitcoin will go after the increase that has occurred in recent days, because as you said, it is also not wrong that an increase in a week can also be lost in one day if a bigger decrease can still occur in Bitcoin in the market. So everyone needs to wait some time to see how the market conditions are in order to make more precise conclusions about the increase that has occurred in the last few days in Bitcoin this month.

[Dunamisx]

Let's analyze it one after the other, currently now we are in dip season, but the market is pumping and we are moving towards an exit to this if we consider from where bitcoin has started to fall continuously till we are here today, we should also know that the bullrun is not yet started, we are only having a gradual experience in approaching it, now to your question OP, we can conclude by saying we are on a bull market presently sice the market is fast rising.

[Onyeeze]

Like now we will say bitcoin price is still in bearish because we have not see anything concerning bullrun because the price of bitcoin is fluctuating, which I know that it have never reached to forty thousand, when bitcoin price backed thirty thousand its when we will know if the price of bitcoin is really increasing or not, its in between bearish and bullrun the way I seen the price of bitcoin right now, so we not conclude that bitcoin price is on bearish neither bullrun..but the way we are seeing the movement of bitcoin it seems that next year bitcoin shall experience bullrun.

[Sophokles]

Bitcoin is moving sideways, which is considered more bearish than bullish. The bear market is almost over and from here every correction is being pulled up quickly by investors. Its like investors are waiting for the correction and they are buying the dip as soon as possible whenever it happens. We can not say the market is bullish right now but sentiment is bullish in the long term.

[karabiber]

Like now we will say bitcoin price is still in bearish because we have not see anything concerning bullrun because the price of bitcoin is fluctuating, which I know that it have never reached to forty thousand, when bitcoin price backed thirty thousand its when we will know if the price of bitcoin is really increasing or not, its in between bearish and bullrun the way I seen the price of bitcoin right now, so we not conclude that bitcoin price is on bearish neither bullrun..but the way we are seeing the movement of bitcoin it seems that next year bitcoin shall experience bullrun.

The uptober trend in Bitcoin was reflected in the markets in the first week of October. Bitcoin, which rose above 28.400 $ in the first week of the month and had a good weekly debut, started the second week with declines. Bitcoin's price fell below 28k $. Now the third week is over and Bitcoin is trying to break the 30k $ band and become permanent. I expect Bitcoin to stay above 30k $ for the month of October.

The main agenda of Bitcoin and cryptocurrency markets in general is determined by the road map of the US central bank on the macro ground, the moves of the US Securities and Exchange Commission and three ongoing lawsuits in the US. Now, negative developments in the Middle East have been added to these developments. I think that Bitcoin will maintain the historical trend throughout October and show a positive recovery. We are heading up and we will see a rising Bitcoin on average until the halving. All of this is my personal opinion and not investment advice.

[danadc]

I don't think it is still in bullish mode, because many things can happen, the rally it had is very big compared to what they were expecting, but I don't think things will stay there, what I think is that in the end This year the price could easily be $40k , I don't see any other option, if they continue like this and everything goes well, I don't think that Istael's war with Gaza will have a negative effect, other things may happen, I don't know. They rule out, but this is the ideal time to wait and those who can buy, so don't hesitate, I am very positive with the price of bitcoin and Anything can happen , this can Generate many more possibilities of being with a better Perspective.

[Hamza2424]

I don't think it is still in bullish mode, because many things can happen, the rally it had is very big compared to what they were expecting, but I don't think things will stay there, what I think is that in the end This year the price could easily be $40k , I don't see any other option, if they continue like this and everything goes well, I don't think that Istael's war with Gaza will have a negative effect, other things may happen, I don't know. They rule out, but this is the ideal time to wait and those who can buy, so don't hesitate, I am very positive with the price of bitcoin and Anything can happen , this can Generate many more possibilities of being with a better Perspective.

Hmm, buddy, I think we all do consider this fact that anything can happen but according to the Op He just wants to speculate on the market trend/zone, for which I think it's not a big deal, Obviously, we are in the bullish Zone / Bull run.

The market is surging up ignoring some major sentimental developments, the narrative is strong behind the scenes, even though we are still in the tight lock of the $30k to $25k range but the market is continuously testing the patience and resistance. If the market moves with the same swing and breakthrough the $32k we can easily say that the year ending won't be disappointing.

There's an exceptional scenario as well where the market will continue to move in the same range of $30k to $25k with some negative developments, more likely 50 50 scenario. It might get impacted by Palestine vs Israel in the coming days but for now, enjoy the Greenry and pray for Palestinians.

[Yamifoud]

Let's analyze it one after the other, currently now we are in dip season, but the market is pumping and we are moving towards an exit to this if we consider from where bitcoin has started to fall continuously till we are here today, we should also know that the bullrun is not yet started, we are only having a gradual experience in approaching it, now to your question OP, we can conclude by saying we are on a bull market presently sice the market is fast rising.

Recently, we are in a rising trend which makes us think that we are moving close to its bullish season once again. Some people say this is because of ETF news while some think it is just normal. Well, whatever the reason for the current price increase of Bitcoin this eventually happens no matter what.
As we are surpassing $30,000 again, people have already in their minds for the price to keep growing until halving. Many speculation arises that bull season started before halving but still, we're not sure where we going after the current situation.

[goaldigger]

Bitcoin is moving sideways, which is considered more bearish than bullish. The bear market is almost over and from here every correction is being pulled up quickly by investors. Its like investors are waiting for the correction and they are buying the dip as soon as possible whenever it happens. We can not say the market is bullish right now but sentiment is bullish in the long term.

Sideways is the best description for the current trend, though we are near for a more uptrend most probably we are just waiting for the resistance to break and waiting for Bitcoin to stabilize above $30k level again. We should wait and see in the last two Months of the year, I’d hope that we can have a good price to end the year because right now we are still far from a bullish trend, though we are getting there slowly but surely.

[lombok]

As long as Bitcoin is still below MA200, I think Bitcoin is still in a bearish trend. There's not much to do other than buy more BTC and Hold. Wait patiently until the BTC price is above MA200 and we will switch to a bullish trend. And usually before the halving there will be a fairly deep price decline before rebounding and turning bullish. However, this also cannot be used as a benchmark because current conditions and conditions before last year's halving are also different, history may repeat itself, but if factors and conditions are different then the price journey this time will also be slightly different from previous history.

I think this is a more conservative way to put it to avoid drawing wrong conclusions. The recent rise in price is not enough confirmation for a bullish market because knowing how Bitcoin moves, it is possible that the bullish move of a week can be eaten up in a day if the bears take charge of the market. Therefore, just like you pointed out, it is better to wait until the 200 moving average is broken before we conclude.

I don't know why so many people are saying the bullishness is starting, aren't ups and downs like this commonplace? In fact, the price reaction in previous years was even wilder, where a 10 percent increase was followed by a 20 percent price decrease?
For traders maybe this is an opportunity, but for investors this increase is nothing, they are definitely waiting for even higher prices (which is new ATH/a few years longer)

MA200 is a benchmark that is often used as a benchmark as the start of a trend or a marker of a trend.

[Viscore]

I believe that it is in neither trend right now. People think that these trends of bull or bear meaning the price, but it means the direction not the price. SO a lot of people do not realize that no matter how much a price drop happens or a price increase happens, if the price stays flat for a long time then it is none of them. I have seen it not do all that weirdly so far and I am thinking that we are going to do a bit more common for a while as well and not really move up or down too much. This doesn't mean that a small chance won't happen, as much as %10 could possibly happen in either direction, that would be the highest I would say until its a trend. But anything under that and I consider that as normal and neither trends.

Bitcoin doesn't need any trend because it has two different seasons that are both crucial for bitcoin to survive in the market. And while bearish season can be crucial because it brings opportunities to the people to enter the market, bullish season is crucial as well as it offers the people the best time to seize the profits from their bitcoin investments. And regardless if the market is bullish or bearish at the moment, that is not important at all because we all know how this bitcoin market will look like months or year from now most especially that bitcoin halving is nearly approaching.

The most important here is never be triggered by any market crash as bitcoin will certainly recover in time. There's no problem seeing bitcoin price dropping if that could create opportunities for bitcoin to soar its price higher from its previous price.

[Woodie]

At the moment it's neither in a Bullish or Bearish Trend as the current gains we seeing from Bitcoin are a false positive that was caused by a rumour of the Bitcoin spot ETF being approved, but seems we still going with the flow as markets haven't backed down from this temporary momentum...but sooner or later I expect price to consolidate and reflect the real price of BTC. So if  you plan to buy try buy at a discounted price not a premium as price will retract before going up again.

So, what is your perspective: Do you believe we are currently in a bear market, or is this merely a manipulation to discourage some individuals from Bitcoin?

I would say its a bit of everything, though the manipulation stands out as this is what has lead to the bullishness after the fake news  but it's good to see what to expect on e the approval comes in.