Bitcoin and crypto bear market confirmed?

[0xredhot]

I am seriously tired of looking to charts like this, I am not new trader I have been here for couple years been trough some bear markets but I am just tired, I know I can make money shorting this, but that is also tiresome because I know I hold some BTC on spot.

What is your take on this guys, are you expecting reverse and why?

https://cdn.fileshare.ing/production/ieideeat58.png

[FirmWars]

There's going to be no reversal because price has already mitigated a powerful order block which was why it had that first bounce we saw as uptrend but now that it is falling again, don't expect that that same order block that has already been mitigated can hold again, I don't think it will hold because it has already been tested and it is very unlikely to hold. My speculation is that this month is going to end bearish unless there's a situation that will cause that not to happen and it is also unlikely, if we go down to $55k, we should buy more and hold.

[Coyster]

What is your take on this guys, are you expecting reverse and why?

There'd definitely be a reversal, but that wouldn't happen now. We are in a bear market and that is the reality. I don't get why you sound frustrated about this anyway, this is not at all unsual. The bitcoin market is cyclical as you ought to know, and we experienced the bull market that has just come to an end and now it is the bear period, it is normal and doesn't call for panic. If anything it calls for accumulation in this period, in anticipation for the next bull market.

[Puzzled_bystander]

I am seriously tired of looking to charts like this, I am not new trader I have been here for couple years been trough some bear markets but I am just tired, I know I can make money shorting this, but that is also tiresome because I know I hold some BTC on spot.

What is your take on this guys, are you expecting reverse and why?

https://cdn.fileshare.ing/production/ieideeat58.png

So far, the response by the bulls has not convinced me that a reversal is imminent or ongoing.

Interestingly, the price sought to surge to 68K at first, but was once again hit over the head at US open.

That 60K will be broken is a given at this point, IMHO. In my view, the question is now whether this will finally reverse in the high or the low 50s.

Disclaimer: No financial advise, I don't trade, just interested in speculative banter.

[BitMaxz]

I don't know how you analyze market conditions, but what are your preferences before saying the market is in a bearish condition? Are you waiting for BTC to go to $10 before considering it bearish?

About reversal, no one knows when reversal will happen since the market is unpredictable, because if anyone knew, everyone should be rich by now.
Looking for a reversal isn't easy; that is the strategy of some traders with a lower probability than trading with a trend.
However, there are some key market levels, and it's better to look for them in the weekly time frame to spot them. Those key levels have a high probability for reversal; if the market holds that price for a long period of time, then the chances for reversal are high.

[Alphakilo]

I don't know how you analyze market conditions, but what are your preferences before saying the market is in a bearish condition? Are you waiting for BTC to go to $10 before considering it bearish?

About reversal, no one knows when reversal will happen since the market is unpredictable, because if anyone knew, everyone should be rich by now.
Looking for a reversal isn't easy; that is the strategy of some traders with a lower probability than trading with a trend.
However, there are some key market levels, and it's better to look for them in the weekly time frame to spot them. Those key levels have a high probability for reversal; if the market holds that price for a long period of time, then the chances for reversal are high.

One thing to note about this current bear market is that it is very orderly unlike what it used to be back then in 2022, and this suggests that the market is more matured even though it still looks boring from a traders standpoint.

I would like to think that this is a slow bleed stage, which should take longer to heal, probably when the price hits $50k margin. Any bounce right now is technically just a bull trap and it shouldn't be hard to tell, that's why the best option right now if you are tired of selling or trading short, is to HODL and accumulate more BTC until we are in the clear.

[taufik123]

-snip-
I would like to think that this is a slow bleed stage, which should take longer to heal, probably when the price hits $50k margin. Any bounce right now is technically just a bull trap and it shouldn't be hard to tell, that's why the best option right now if you are tired of selling or trading short, is to HODL and accumulate more BTC until we are in the clear.

Yes, if you still have the spare money to do DCA, it's quite good, the price is low enough and waiting for $50k it may happen
because the maximum Downtrend price will reach $48k++ if indeed the decline continues, it will be a strong support in the next decline,

This slow decline is played by big players, they take advantage of the Crash moment to influence retail traders to immediately sell their holdings,
This is not only about the crash price, but the psychology of trading will also be at play.

So don't be swayed by FUD and some other pitfalls, just focus on buying now and doing DCA by waiting for the price to go to the lowest support, or just buy at every drop.

[passwordnow]

I am seriously tired of looking to charts like this, I am not new trader I have been here for couple years been trough some bear markets but I am just tired, I know I can make money shorting this, but that is also tiresome because I know I hold some BTC on spot.

What is your take on this guys, are you expecting reverse and why?

I am expecting a reverse but not yet this time. If the reverse has come, I think that will happen after a year or two when we go back to another cycle for the bull run. It's true that trading and being active in the market is tiresome but you don't have to do that daily. You can trade whenever you see the market and the opportunities that's within it. Because if you're not going to trade, you lose nothing and if you're going to accumulate but didn't do it, you lose the opportunity when you've seen it down already and didn't do something about it.

[Puzzled_bystander]

I am expecting a reverse but not yet this time. If the reverse has come, I think that will happen after a year or two when we go back to another cycle for the bull run. It's true that trading and being active in the market is tiresome but you don't have to do that daily. You can trade whenever you see the market and the opportunities that's within it. Because if you're not going to trade, you lose nothing and if you're going to accumulate but didn't do it, you lose the opportunity when you've seen it down already and didn't do something about it.

https://www.bitcoinwisdom.io/markets/binance/btcusdt

Looking at the 1w chart, I am wondering if we could be seeing something like the price action between February 23 and April 9, 2025, going forward.

Note the bullish divergence on the weekly RSI (select in "settings"), which occurred before the price reversal happened.

[Strongkored]

Why are you still asking about bearishness? When Bitcoin started to reach $80,000 and continued to fall, it was already in a bearish trend. As you can see, the current trend is downward, with the increase only being a correction before another decline. Don't be surprised if the price eventually drops below $60,000 and so.on. Bearishness doesn't mean Bitcoin is only worth a few dollars, when the price has fallen quite far from the ATH it is because the market is bearish.

[Jewan420]

There is no need to look at the recent decline as unusual, this is a normal bear market as usual. We should not get discouraged or panicked at this time, it has happened in the past and it would not be wrong to say that this is the natural nature of Bitcoin. You will not always see Bitcoin in a bull market, you will have to experience a bear market at some point. I expect this market to recover, if it does not happen in the next few months then consider the market as a bear market and keep buying the dips.

[JeffBrad12]

I am seriously tired of looking to charts like this, I am not new trader I have been here for couple years been trough some bear markets but I am just tired, I know I can make money shorting this, but that is also tiresome because I know I hold some BTC on spot.

What is your take on this guys, are you expecting reverse and why?

It doesn't hurt to short if you want to but indeed the best way is just to wait it out but only if you're mentally prepared for long term hold. The market isn't even few weeks in a bearish season and you're already tired. I wonder what you're doing all these time when bitcoin were floating around $120k.
If you've been in the cycle multiple time already, why aren't you able to figure out that bitcoin won't be hitting all time high forever. it need some correction and go through cycle of bullish and bearish season. Even before the bear market, everybody keep saying to be prepared for the next bear market.

[SamReomo]

I am seriously tired of looking to charts like this, I am not new trader I have been here for couple years been trough some bear markets but I am just tired, I know I can make money shorting this, but that is also tiresome because I know I hold some BTC on spot.

What is your take on this guys, are you expecting reverse and why?

It makes no sense to look at charts all the time, when market goes bearish then it's better to not take any action and not even monitor the charts. Shorting is good only when you're a pretty good trader but if you're not good at trading then shorting isn't for you.

So I would say it's better to hold your position in spot market and wait for the reversal, and even if Bitcoin doesn't go high again and continues its bearish momentum then it's better to buy during each major dip to get a better average value.

One should never invest all in Bitcoin at one time, it's better to do it little by little or the best is to follow DCA strategy.

[slaman29]

What do you want to hear from us? Confirmed? Not confirmed? Nothing is confirmed in markets, not in forex, not in crypto

What will we say that will change your mind or course of action?

Just do what you want to do and come back here to brag/complain

[Mpamaegbu]

I am seriously tired of looking to charts like this, I am not new trader I have been here for couple years been trough some bear markets but I am just tired...

If you've been in this industry a couple of circles, what's happening now shouldn't scare you then. I've come to understand that no matter how Bitcoin price dips, it must surely rise. That's my consolation.

What is your take on this guys, are you expecting reverse and why?

I laugh in Latin. If you're looking for a crystal ball for what direction Bitcoin is headed right now, I bet you won't find it here or anywhere else. Everyone here is a mere speculator at best. My position on Bitcoin right now is that of uncertainty. In the past, I would've been very certain to keep off the market at this moment but knowing right now that the rumours of war between the US and Iran is a contributing factor to this dip makes me think price can easily rally up if things are sorted out quickly. Now, I don't know what's next.

[AprilioMP]

I am seriously tired of looking to charts like this, I am not new trader I have been here for couple years been trough some bear markets but I am just tired, I know I can make money shorting this, but that is also tiresome because I know I hold some BTC on spot.

What is your take on this guys, are you expecting reverse and why?

Traders in the current market conditions are indeed exhausted by the hope of profits in short selling, but for Bitcoin holdings, simply move the Bitcoin from Spot to a wallet while waiting for the trend reversal, as the trend reversal will occur but not in the near future.

I have already stated locally that expecting prices to rise is difficult. Not only is it challenging for Bitcoin to reach $100k, but even reaching $70k is very difficult. For me, the current market situation is something that was bound to happen, regardless of various issues and other factors considered to be triggers for the price decline to $64k.

[GreatArkansas]

I am seriously tired of looking to charts like this, I am not new trader I have been here for couple years been trough some bear markets but I am just tired, I know I can make money shorting this, but that is also tiresome because I know I hold some BTC on spot.

What is your take on this guys, are you expecting reverse and why?

Well, shorting the market will not make you feel bad even if you have a different Bitcoin just for hodling it, not trading it.
So for me, if you are a trader you must be prepared and ready to these kind of market, so even if you are shorting the market, you must not feel bad. Overall, you do not need to be biased on the market just because you have a spot Bitcoin holding.
So if you don't want to short the market, then don't trade for now or make any reason to long the market.

[0xredhot]

I am seriously tired of looking to charts like this, I am not new trader I have been here for couple years been trough some bear markets but I am just tired, I know I can make money shorting this, but that is also tiresome because I know I hold some BTC on spot.

What is your take on this guys, are you expecting reverse and why?

It doesn't hurt to short if you want to but indeed the best way is just to wait it out but only if you're mentally prepared for long term hold. The market isn't even few weeks in a bearish season and you're already tired. I wonder what you're doing all these time when bitcoin were floating around $120k.
If you've been in the cycle multiple time already, why aren't you able to figure out that bitcoin won't be hitting all time high forever. it need some correction and go through cycle of bullish and bearish season. Even before the bear market, everybody keep saying to be prepared for the next bear market.

I know it wont be hitting all time high forever, but I am considering different scenarios before we did not have countries invest in it, so I was thinking it might be different but it seems like it does not matter what happens what positive info it will always repeat this cycle no matter what. I definetely prepared for bear and was selling in chunks all the tops that were there, but still I had little faith that this time its a bit different but time proved me it is not.

[r_victory]

It seems that Bitcoin is struggling to return to $70,000. I find the topic question complicated to answer; in a market like cryptocurrencies, nothing is 100% confirmed. Even though they are not commonplace, we can have some surprises, especially given the current political and economic situation around the world.

[BRINIRHA]

I am seriously tired of looking to charts like this, I am not new trader I have been here for couple years been trough some bear markets but I am just tired, I know I can make money shorting this, but that is also tiresome because I know I hold some BTC on spot.

What is your take on this guys, are you expecting reverse and why?

https://cdn.fileshare.ing/production/ieideeat58.png

You know, we have to understand the difference between investing in bitcoin in the long term and our profession as traders.
This is indeed a dilemma. For long-term Bitcoin holders, a price decline presents an opportunity to accumulate more. For traders, it’s an opportunity to short the futures market. This means we can still generate profits from the futures market and use those profits to accumulate more Bitcoin for the long term in the spot market.

However, issues arise if you are unwilling to see the value of your portfolio in the spot market continue to erode due to a bearish market. But if the Bitcoin held is intended for the long term from the start, it is actually not a problem if we face another bearish market. Remember, eventually the bullish market will return as well.