Bull, bear or crab? Where are we? A quick poll

[Bitcoin_people]

I still believe that we are in a bearish season so far. It is true that Bitcoin rose to around $83k, but it has now fallen back to below $78k and may fall even further.

So far, there is no completely clear direction for Bitcoin's next path, but despite everything, I think we will remain in a bearish season until at least the end of the year, although we may see some good ups due to some positive news or the entry of new liquidity.

Now the price of Bitcoin has dropped again and touched $76k. We indeed haven't exited the bearish market. The previous price increase event caused some of us to think about leaving the bearish market too early. Sometimes we see the price go up, then down. It's a common event we see in the market. Sometimes the market also seems saturated with a fairly long sideways movement.

Bitcoin price has dropped again and it has come down to $76k but it is already showing signs of going up again. Seeing the great change in the market, we thought that maybe the bear market is over but currently there is still some possibility of a bear market. However, we believe that the Bitcoin market will not remain in this position but it will improve and return to its previous position. Since we are expecting some positive signals from the Bitcoin market for the next month, however, due to the current decline in the market, the market may show signs of growing a little stronger.

[Razmirraz]

Bearish Market is the most reasonable scenario if we refer to the old pattern (4 year cycle), But different paradigms can also be included in the valid category. Market structures can change, causing old patterns to change. Paradigm shifts can be caused by institutional adoption such as ETFs, global liquidity, and macroeconomics, not just halving events. If the assumption is like that, then investors can adjust market conditions between historical cycles and new macroeconomic factors by preparing two scenarios.
1. Old pattern: the DCA strategy continues as usual by setting aside money to take advantage of the market which is in a Bearish period.
2. New paradigm: don't get fixated on shorts because institutions could make big moves in the market that will make it difficult for the value to return to its low.

[STT]

Caught between the 50 day average and 200 day, its not properly bullish or bearish.   The two boundaries are converging leaving less space by the day, a conclusion is coming but meanwhile we are stuck in our shell being defensive hence I opt for Crab in this analogy.   Hopefully we dont end up cooked!

[LogitechMouse]

All I know is that bitcoin may not fall below $60000, but I still choose the price that I guess which is $59000. The market may change or may not change, but I still think bitcoin can at least go back to $76500 even if it does not fall further.  If bitcoin go back to the price, we can further discuss if it will fall further or not fall further.

TBH, I'm thinking that the market will fall to around $50,000 and it might go even to around $30,000 back then, but as I see the market recover week after week, the chances of that to happen decreases, and I might also believe that the low that we saw on February which is around $59,000 might be the bottom of this bear market, and we will see a sideways movement towards a huge price range in the upcoming weeks and months.

We are still in a bear market, and we will be seeing lower highs, but like what I said, there's a possibility that Bitcoin will just be moving sideways towards a huge price range (maybe around $60,000 - around $85,000), and that's what's currently happening. Also by looking at the chart, we are seeing a weekly imbalance on Bitcoin (FVG). It has been touched, but after touching it, Bitcoin formed a bearish engulfing candlestick pattern which shows bearishness just like what we are seeing right now.

Overall, I expect Bitcoin to be bearish in the upcoming days and weeks and it might probably reach the current psychological support which is around $75,000 and the $73,000 level as well.

[Ishicryptic]

Clearly where we are still in the bear run considering the slight increase where price reached about $82k a couple of days back which was attributed to different fundamentals like the Bitcoin friendly new Fed chairman and Trump's meeting with Xi Jinping that can impact the strait of Hormuz. In the end Bitcoin price has retraced back to where it were showing that there is no strong fundamentals yet to actually break the residence to have a sustained bullish market. If it continues like this then I'm afraid that we should expect more downturn which is further testament that we're still in bear run.

[Smack That Ace]

Bitcoin price has dropped again and it has come down to $76k but it is already showing signs of going up again. Seeing the great change in the market, we thought that maybe the bear market is over but currently there is still some possibility of a bear market.

Currently, Bitcoin is trading around $77k, what signs indicate that Bitcoin will rise again?
What major market changes indicate that a bear market has ended? The fact that Bitcoin rose from $60k to $82k cannot be considered a sign that the bear market is over. Clearly, we are still in a bear market.

However, we believe that the Bitcoin market will not remain in this position but it will improve and return to its previous position. Since we are expecting some positive signals from the Bitcoin market for the next month, however, due to the current decline in the market, the market may show signs of growing a little stronger.

In fact, most of us have always expected and believed that Bitcoin would improve and show more positive signs every day. Everyone wants Bitcoin to go up instead of down. But the market has its own cycle and moves in its own way, and it does not care what we expect or think.

[yhiaali3]

I still believe that we are in a bearish season so far. It is true that Bitcoin rose to around $83k, but it has now fallen back to below $78k and may fall even further.

So far, there is no completely clear direction for Bitcoin's next path, but despite everything, I think we will remain in a bearish season until at least the end of the year, although we may see some good ups due to some positive news or the entry of new liquidity.

Now the price of Bitcoin has dropped again and touched $76k. We indeed haven't exited the bearish market. The previous price increase event caused some of us to think about leaving the bearish market too early. Sometimes we see the price go up, then down. It's a common event we see in the market. Sometimes the market also seems saturated with a fairly long sideways movement.

Bitcoin price has dropped again and it has come down to $76k but it is already showing signs of going up again. Seeing the great change in the market, we thought that maybe the bear market is over but currently there is still some possibility of a bear market. However, we believe that the Bitcoin market will not remain in this position but it will improve and return to its previous position. Since we are expecting some positive signals from the Bitcoin market for the next month, however, due to the current decline in the market, the market may show signs of growing a little stronger.

If we talk a little about technical analysis, it can be said that the price is close to the bottom of the channel, the candles tend to be downward, and there is no strong trading volume. Therefore, the short-term trend is most likely downward, while the medium-term trend is neutral. This means that a slight decline or sideways movement is the most realistic.

The other scenario is bullish, provided the price breaks through $79,000. In that case, the targets are $82K - $85K if strong ETF liquidity enters the market, but this is a weak possibility so far.

[pawel7777]

And we're back below the $80k, currently standing at $76,700
I guess the main reason for the drop could be the general, global sentiment dropping after the long-awaited meeting between Trump and Xi Jinping didn't bring any tangible development, and we're at the same point we were before the talks.
The Fear & Greed just shifted from the Neutral to the Fear position.

S&P and Nasdaq are also slightly down today and in the last 5 days. If they rebound, likely so will Bitcoin.