Is Bitcoin Bear Market over?

[Dave1]

Hi guys I was wondering that Bitcoin crossed 37000 dollars is there any chances that Bitcoin bear market over and we might see good greeny day.
What are your thoughts 🤔💭

actually it doesn't work like that, because what determine the increment of bitcoin is the gravitation of the demands and the supply, when the supply is higher than the demands the price of bitcoin get increased but a process whereby the supply is higher than the demands, its obvious that price of bitcoin may absolutely drop unexpectedly,  so bitcoin price reaching thirty thousand to thirty seven thousand [30k-37k] does not mean that it has escape bearish season, the price can fall at any point in time due to the level or the status of the demands in the market

And after a month from the OP's thread, we have seen the price almost crossed $45k. With that, and within two weeks before the end of the year, we might say that we are in the tail end of the bear market.

Prices since the lowest low last year of $15,500 has more than doubled already. So it's a indication that the bullish sentiments will go till the end of the year.

Unless there will a black swan event, but from the looks of it, I guess we are over with negative news.

[cakravothy]

Hi guys I was wondering that Bitcoin crossed 37000 dollars is there any chances that Bitcoin bear market over and we might see good greeny day.
What are your thoughts 🤔💭

this now until next year maybe until 2025 bitcoin price still uptrend and bull run trend.
if want bear market need wait until after 2025, because in 2024 bitcoin price halving so all much people demand high want buy bitcoin

[Minor Miner]

Hi guys I was wondering that Bitcoin crossed 37000 dollars is there any chances that Bitcoin bear market over and we might see good greeny day.
What are your thoughts 🤔💭

actually it doesn't work like that, because what determine the increment of bitcoin is the gravitation of the demands and the supply, when the supply is higher than the demands the price of bitcoin get increased but a process whereby the supply is higher than the demands, its obvious that price of bitcoin may absolutely drop unexpectedly,  so bitcoin price reaching thirty thousand to thirty seven thousand [30k-37k] does not mean that it has escape bearish season, the price can fall at any point in time due to the level or the status of the demands in the market

And after a month from the OP's thread, we have seen the price almost crossed $45k. With that, and within two weeks before the end of the year, we might say that we are in the tail end of the bear market.

Prices since the lowest low last year of $15,500 has more than doubled already. So it's a indication that the bullish sentiments will go till the end of the year.

Unless there will a black swan event, but from the looks of it, I guess we are over with negative news.

Black swan events are unexpected things that we cannot predict, so it will be difficult to confirm anything. But if we eliminate black swan events from our predictions, I can confidently say that bear season is over, and we are in the pre-bull phase. There won't be any more major dumping and the uptrend will remain the dominant trend until the halving occurs. If we keep speaking in general terms and always talk about black swans that can happen suddenly, no one will know anything. No one has a crystal ball to accurately predict the future.

[dunfida]

Hi guys I was wondering that Bitcoin crossed 37000 dollars is there any chances that Bitcoin bear market over and we might see good greeny day.
What are your thoughts 🤔💭

actually it doesn't work like that, because what determine the increment of bitcoin is the gravitation of the demands and the supply, when the supply is higher than the demands the price of bitcoin get increased but a process whereby the supply is higher than the demands, its obvious that price of bitcoin may absolutely drop unexpectedly,  so bitcoin price reaching thirty thousand to thirty seven thousand [30k-37k] does not mean that it has escape bearish season, the price can fall at any point in time due to the level or the status of the demands in the market

And after a month from the OP's thread, we have seen the price almost crossed $45k. With that, and within two weeks before the end of the year, we might say that we are in the tail end of the bear market.

Prices since the lowest low last year of $15,500 has more than doubled already. So it's a indication that the bullish sentiments will go till the end of the year.

Unless there will a black swan event, but from the looks of it, I guess we are over with negative news.

Black swan events are unexpected things that we cannot predict, so it will be difficult to confirm anything. But if we eliminate black swan events from our predictions, I can confidently say that bear season is over, and we are in the pre-bull phase. There won't be any more major dumping and the uptrend will remain the dominant trend until the halving occurs. If we keep speaking in general terms and always talk about black swans that can happen suddenly, no one will know anything. No one has a crystal ball to accurately predict the future.

For the benefit of some possible noobs that might be able to read up on whats a BLACK SWAN. So here's some brief explanation.

A black swan event, a phrase commonly used in the world of finance, is an extremely negative event or occurrence that is impossibly difficult to predict. In other words, black swan events are events that are unexpected and unknowable.
Source: https://corporatefinanceinstitute.com/resources/economics/black-swan-event/

When it comes to this situation then this market is really that could possibly happen on point on which it do make out those market crashes or huge correction.
It isnt really something new and if you've been here on this market for a while or several years already then for sure you are already getting used to it
but sometimes it cant really be just that avoided for you to have those reactions even if you are already that experienced into this market.
You would really be having those common reactions that you would really be having along the way. This is why you shouldnt really be losing up your cool but instead if
Black swans do happen then you should really be that wise on how you would really be securing yourself to have some good buys.

[AnonBitCoiner]

You're right, sometimes not every kind of breaking news affect the market price, some would have thought about many things regarding this, but yet nothing changed than things were going as normal as being expected, i don't think the value of BNB would also be affected by any means, because what i first thought when I heard about the news was that the exchange will be affected with government regulations and this can cause any form of stoppage in any of their operations or services, but i discovered i was wrong also, this remaining days for 2023 is more for bullish.

Market can sometimes be effected by news but not all the time because previously there was a news about Elon musk that he sell all of his bitcoin which effected the price of bitcoin and it reduced to tha worth of 26k$ but again positive news were developed which totally altered the Bitcoin's value and it touched 44k$. So if bitcoin can be effected by news then its simple that other type of coin like BNB will also be influenced by it.

All the time it is not effected and also the effect on btc is for short time and again it takes positive turn to give benefit to its holders. New effects in the way that people often work according to news so bitcoin demand increases so greater the demand greater will be its worthiness. Now a days you will be familiar that news about halving is spreaded all over the world which elevates the demand and directly there is surge in Bitcoin's cost.

[Kemarit]

You're right, sometimes not every kind of breaking news affect the market price, some would have thought about many things regarding this, but yet nothing changed than things were going as normal as being expected, i don't think the value of BNB would also be affected by any means, because what i first thought when I heard about the news was that the exchange will be affected with government regulations and this can cause any form of stoppage in any of their operations or services, but i discovered i was wrong also, this remaining days for 2023 is more for bullish.

Market can sometimes be effected by news but not all the time because previously there was a news about Elon musk that he sell all of his bitcoin which effected the price of bitcoin and it reduced to tha worth of 26k$ but again positive news were developed which totally altered the Bitcoin's value and it touched 44k$. So if bitcoin can be effected by news then its simple that other type of coin like BNB will also be influenced by it.

All the time it is not effected and also the effect on btc is for short time and again it takes positive turn to give benefit to its holders. New effects in the way that people often work according to news so bitcoin demand increases so greater the demand greater will be its worthiness. Now a days you will be familiar that news about halving is spreaded all over the world which elevates the demand and directly there is surge in Bitcoin's cost.

Every negative news has different effects in the market, just like what you mentioned about years ago when there was news that Elon Musk or at least his company sold his Bitcoin and the market reacted by selling and there was a massive decline.

But recently, there was also a negative news about CZ and his Binance and billions and penalty. But the market didn't react to that news and instead the price remain steady and then a few bumps to $44,000. So it's really up to the sentiments of the market, whether we will reacting negatively and a lot of investors selling or the emotions are just in a straight line, no reaction whatsoever.

[yohananaomi]

Hi guys I was wondering that Bitcoin crossed 37000 dollars is there any chances that Bitcoin bear market over and we might see good greeny day.
What are your thoughts 🤔💭

this now until next year maybe until 2025 bitcoin price still uptrend and bull run trend.
if want bear market need wait until after 2025, because in 2024 bitcoin price halving so all much people demand high want buy bitcoin

It might happen with your prediction, but usually before entering the halving era, Bitcoin will tend to experience a correction first, which will trigger a movement to increase later.So after the correction occurs, the movement will slowly continue to be carried out by Bitcoin until it reaches a renewable ATH, which will be done in 2025.So there is still an opportunity before the halving period for those who want to invest by continuing to buy through whatever scheme is the best they can do.

[dansus021]

Broke 45K level and sideaway in that level and I would consider the bear market is over and the bull market is coming. but if we look at the chart we can still pretty much down to 40-35K level again or even worse like 30K level.

The Fear and greed index is at level 75 which mean people also greed right now. for now lets wait and see or take profit some if you have profit position right now

[CageMabok]

It might happen with your prediction, but usually before entering the halving era, Bitcoin will tend to experience a correction first, which will trigger a movement to increase later.So after the correction occurs, the movement will slowly continue to be carried out by Bitcoin until it reaches a renewable ATH, which will be done in 2025.So there is still an opportunity before the halving period for those who want to invest by continuing to buy through whatever scheme is the best they can do.

The trigger for price movements is caused by many people buying when they see larger price corrections and also smaller price corrections. Because the Bitcoin price will not be able to move on its own without the help of a very large number of buyers and traders in the market, so anyone can only conclude or speculate that the level of involvement of many people in the market is the cause of triggering Bitcoin price movements in the market with for any reason or by expecting any moment in this quite positive trend.

[Hypnosis00]

Broke 45K level and sideaway in that level and I would consider the bear market is over and the bull market is coming. but if we look at the chart we can still pretty much down to 40-35K level again or even worse like 30K level.

The Fear and greed index is at level 75 which mean people also greed right now. for now lets wait and see or take profit some if you have profit position right now

At the time that the price of Bitcoin reaches $40k, I'd say the bear season is over. And eve there is price correction may happen in the coming days, yet still not enough ground to say that we're turning back to a bearish market again but that is absolutely a normal scenario in a volatile market.

The entire year of 2023 isn't really looking good as we have a lot of market struggles but fortunately, the price of Bitcoin is still able to break $40k. It was an indication that we are moving high and going to its peak soon. I keep holding and wait for the perfect time to sell.

[fzkto]

Broke 45K level and sideaway in that level and I would consider the bear market is over and the bull market is coming. but if we look at the chart we can still pretty much down to 40-35K level again or even worse like 30K level.

The Fear and greed index is at level 75 which mean people also greed right now. for now lets wait and see or take profit some if you have profit position right now

At the time that the price of Bitcoin reaches $40k, I'd say the bear season is over. And eve there is price correction may happen in the coming days, yet still not enough ground to say that we're turning back to a bearish market again but that is absolutely a normal scenario in a volatile market.

The entire year of 2023 isn't really looking good as we have a lot of market struggles but fortunately, the price of Bitcoin is still able to break $40k. It was an indication that we are moving high and going to its peak soon. I keep holding and wait for the perfect time to sell.

What bear market can we talk about when bitcoin has done x3 this year? The bear season for bitcoin ended a year ago. I think there might be a small bear market before the halving, but afterwards there will be a prolonged bull run again. Hopefully a year from now the price will be higher than it is now.

[Oasisman]

Broke 45K level and sideaway in that level and I would consider the bear market is over and the bull market is coming. but if we look at the chart we can still pretty much down to 40-35K level again or even worse like 30K level.

There are no signs of bearish market currently, not even a sharp pull back is indicative. There might be a slight correction especially during the traders are shorting, but that won't be enough to drag down bitcoin to $30k level. $35k vaguely gonna happen.
I have seen a lot of people in social media being optimistic and bullish towards the halving. That would be enough reason to hold bitcoin at $40k and might play around $41k - $50k before the actual halving. Then the post halving will most probably going to be another huge run.

[rodskee]

Broke 45K level and sideaway in that level and I would consider the bear market is over and the bull market is coming. but if we look at the chart we can still pretty much down to 40-35K level again or even worse like 30K level.

There are no signs of bearish market currently, not even a sharp pull back is indicative. There might be a slight correction especially during the traders are shorting, but that won't be enough to drag down bitcoin to $30k level. $35k vaguely gonna happen.
I have seen a lot of people in social media being optimistic and bullish towards the halving. That would be enough reason to hold bitcoin at $40k and might play around $41k - $50k before the actual halving. Then the post halving will most probably going to be another huge run.

if this is about 2023 then yeah for me it is also impossible to even drop to 35k because it is
strongly holding the above 40k wee before the year ends , but when January comes and yes with the
coming of Bitcoin halving , I believe that things will change and may experience bad dropping for
preparation in the coming bull market after the Halving.

[uchegod-21]

Hi guys I was wondering that Bitcoin crossed 37000 dollars is there any chances that Bitcoin bear market over and we might see good greeny day.
What are your thoughts 🤔💭

I am answering based on the current market situation. Although this was posted early November but I came across it now and I can say that the bear market is over. Even if we are not yet into the bull market, the it is gradually building up and we are seeing it play out

Broke 45K level and sideaway in that level and I would consider the bear market is over and the bull market is coming. but if we look at the chart we can still pretty much down to 40-35K level again or even worse like 30K level.

The Fear and greed index is at level 75 which mean people also greed right now. for now lets wait and see or take profit some if you have profit position right now

Even if there is correction, which is expected, it will not be more than the usual 10% and the market will later reverse with a greater momentum. I can say that bitcoin is fair this year because it is somewhat predictable this season. As it was predicted is how it is playing out.

[EarnOnVictor]

Broke 45K level and sideaway in that level and I would consider the bear market is over and the bull market is coming. but if we look at the chart we can still pretty much down to 40-35K level again or even worse like 30K level.

There are no signs of bearish market currently, not even a sharp pull back is indicative. There might be a slight correction especially during the traders are shorting, but that won't be enough to drag down bitcoin to $30k level. $35k vaguely gonna happen.
I have seen a lot of people in social media being optimistic and bullish towards the halving. That would be enough reason to hold bitcoin at $40k and might play around $41k - $50k before the actual halving. Then the post halving will most probably going to be another huge run.

if this is about 2023 then yeah for me it is also impossible to even drop to 35k because it is
strongly holding the above 40k wee before the year ends , but when January comes and yes with the
coming of Bitcoin halving , I believe that things will change and may experience bad dropping for
preparation in the coming bull market after the Halving.

We should carefully use our words, "impossibility" weighs more than you measure it here. Nothing is impossible in the market, you will just see it happen and will be so astonished by it. Fine, this seems impossible, nonetheless, the level is not so far from the market price. Who knows tomorrow if dangerous news of Bitcoin rejection will make it possible? This is why I would rather say that it doesn't look "feasible" that $35,000 can be hit again this year instead of using the impossibility. The market is so bullish and it has been hesitant to pressure lower with significant effort no matter how hard it tries.

This, I'm afraid might continue till the end of this year as this year is almost gone, we have barely 8 days before it ends. However, the main support level now is around the psychological level of $40,000 and the lower level of one of the weekly chart Fibo points at $39,200. I don't think these two levels would be significantly breached lower for now, the market might try but it will likely fail. But a breach of them might be catastrophic as well, as the breach might cause more bearish pressure that might be attempting to target the $35,000 level. For this to happen, there must be a consistent bearish price action on the weekly chart. The market attempted it last week but failed to be consistent in that regard this week as the bears too over again.

[mv1986]

~

We should carefully use our words, "impossibility" weighs more than you measure it here. Nothing is impossible in the market, you will just see it happen and will be so astonished by it. Fine, this seems impossible, nonetheless, the level is not so far from the market price. Who knows tomorrow if dangerous news of Bitcoin rejection will make it possible? This is why I would rather say that it doesn't look "feasible" that $35,000 can be hit again this year instead of using the impossibility. The market is so bullish and it has been hesitant to pressure lower with significant effort no matter how hard it tries.

This, I'm afraid might continue till the end of this year as this year is almost gone, we have barely 8 days before it ends. However, the main support level now is around the psychological level of $40,000 and the lower level of one of the weekly chart Fibo points at $39,200. I don't think these two levels would be significantly breached lower for now, the market might try but it will likely fail. But a breach of them might be catastrophic as well, as the breach might cause more bearish pressure that might be attempting to target the $35,000 level. For this to happen, there must be a consistent bearish price action on the weekly chart. The market attempted it last week but failed to be consistent in that regard this week as the bears too over again.

I don't know much about rodskee, but I know that he must have been sleeping and have someone else post for him during the peak 2017 and low 2019 time because then he would know that Bitcoin can dump from 20k to 3k or he must also have been sleeping and have someone post for him during our wonderfully strong looking bull run in 2021 when we reached around 65k and afterwards dropped to about 25% of the ATH! Now how does he know that it is impossible to drop from 44k to 34.9k?  

[erep]

Even if there is correction, which is expected, it will not be more than the usual 10% and the market will later reverse with a greater momentum. I can say that bitcoin is fair this year because it is somewhat predictable this season. As it was predicted is how it is playing out.

We have reviewed the same correction this month, the market can stay at $40k until the price recovers to $44k in the current market conditions, I can assume that the December prediction is not like the previous analysis due to the fact that the market in December has increased significantly, so we can close this year's price without a bearish impact and the market price is certain to increase in the first quarter of next year, analysis predicts that in January it will reach a price point above $55k and hopefully the prediction is correct.

[Obim34]

We have reviewed the same correction this month, the market can stay at $40k until the price recovers to $44k in the current market conditions, I can assume that the December prediction is not like the previous analysis due to the fact that the market in December has increased significantly, so we can close this year's price without a bearish impact and the market price is certain to increase in the first quarter of next year, analysis predicts that in January it will reach a price point above $55k and hopefully the prediction is correct.

I think there has already been a correction in the month of December and we are not expecting anymore, the expectations now is for the price of Bitcoin to maintain it's price within the range of $43k to $44k precisely closing the year at $45k.

Like you said we expect the market to break the $50k+ price as the more we get closer to the halving we expect a significant price increase not only Bitcoin alone but also many Altcoins.

[STT]

Supposedly the bear market is when we decline 20% or more but since BTC is more volatile then that, you have to include wider ranges of error in estimation.  I think obviously we did out run the bear market, the inverse question is the bull market and how long this can last when do we know its over.   Unfortunately its more obvious in retrospect then prospective price action.
   The best clue is a set of rising lows over a month or more then shows hidden strength or the mirror of that at the top should be a warning sign.

[tygeade]

Supposedly the bear market is when we decline 20% or more but since BTC is more volatile then that, you have to include wider ranges of error in estimation.  I think obviously we did out run the bear market, the inverse question is the bull market and how long this can last when do we know its over.   Unfortunately its more obvious in retrospect then prospective price action.
   The best clue is a set of rising lows over a month or more then shows hidden strength or the mirror of that at the top should be a warning sign.

I would guess that we could definitely consider about 30%+ to be the bear market, also I do not really consider staying low as bear market, like we had a period when it was 68k, then went as low as 15k, that was bear market when it was going down, but for a while it stayed at 20k, for months and months, people called that bear too, I do not believe that that was bear, it was just staying there and not going down.

Just because something is not back above its ATH price doesn't mean that it's in bear, it could be staying low but it is not going lower, and that's the most important part. I hope that people could see that and make a big enough distinction between that, and could end up with something that would benefit everyone at the same time.