Possible Market Fall, Still in the Bear

[Leahized]

The price of Bitcoin has dumped more than you expected, currently it is in the range of $64.5k. However, the way the price of Bitcoin is falling, we can definitely see a high possibility of breaking the $60k level. So in the current situation, as the price of Bitcoin corrects, we should definitely take the opportunity to buy Bitcoin against the correction.

Today bitcoin broke the support of 62k, and observation shows that we will see 60k very soon. However, this reduction may not be very permanent. Yes these are the best time to invest, but you have to plan long term. Because breaking down 60k can come up to 56k. So at this time investors may be disappointed, and will face more losses as a result. But after investing this time, you have to constantly keep on the market and take steps according to the situation.

[Moreno233]

82x.75= 61.5k would be bear

and we would have had a short weak baby bull that was slaughter for veal.

you are jumping the gun eager to call bear when at most you saw a bear track not a bear.

I'm quoting you here because we are just around your prediction, the bear market persist with no destination in sight. if this momentum continues, then Bitcoin might go as low as $51k which will wear a lot of weak hands out. This is not the end, we have been here before and the only solution have always been to buy some more and hold since it is a universal truth that the only person who have lost is who sold. We are once again, at a great buying level for those who believe in the beautiful history of Bitcoin.

[Dr.Bitcoin_Strange]

As of the day you created this topic, I would have argued that price was not going to go below $65k but it's clear now, the market can actually do quite the opposite of what we think. The market is supposed to have been exhausted of this bearish trend but it seems the buyers are not yet tired of pushing the market down but if we can see a good bounce above $65k again, that would mean that the market is reversing to the up side.

[l99l]

Nice, that's a great prediction. I was more inclined to expect a drop, and that's exactly what happened.
Sometimes my instincts are right even without technical analysis, maybe it's because I've been following the market for years and involuntarily understand market conditions. What I'm wondering is how much further it will fall, is it a good price to buy right now, or should I not rush? I've been thinking about this since yesterday.

[Asuspawer09]

Looks like there we go, a drop 

I mean at this rate I dont really care since we drop from 126k$ it would probably take years more to recover and surpass that price again so a drop would just be a huge opportunity to accumulate more Bitcoin and invest more, It's not like it's bullrun like we can just throw a lot of money to reinvest, it was just different at bear market, liquidity is always kind in my opinion so have a huge liquidity, and invest on low volume, at this time we could probably increase it a little bit to take advantage of that drop but still be careful because we know that this is crypto, everything is risky here. So dont just put everything in one basket, invest in other assets as well. To be safe, invest in an asset that might give you passive income. For me, it was the best move to make at this time.

[Ayebabara]

It can be called a bear market because Bitcoin prices has dropped below expectations and that is why the market is unpredictable by investors, the only thing that matter is when will it rise to expectations again?
Though the reduction is not permanent and high profile investors can use the opportunity to buy more Bitcoin and hold on till the market value is up, since the chart shows the downward slope of price.
A poster said that the market will turn to make a recovery after the fall so we should be keeping hope alive in the next couple of weeks in which I believe for investors to come out of the bear market.

[SamReomo]

The market is supposed to have been exhausted of this bearish trend but it seems the buyers are not yet tired of pushing the market down but if we can see a good bounce above $65k again, that would mean that the market is reversing to the up side.

The reversal will only take place if market somehow crosses $70k value once again, at $65k I don't think we'll see much reversing movements. The market has fallen a lot in last few days and that's the reason no one can do proper predictions right now. If the bearish wave continues then we might see the market going very down and that won't be good for the holders, but it will be a good opportunity for the ones who're accumulating.

[BALIK]

The market is supposed to have been exhausted of this bearish trend but it seems the buyers are not yet tired of pushing the market down but if we can see a good bounce above $65k again, that would mean that the market is reversing to the up side.

The reversal will only take place if market somehow crosses $70k value once again, at $65k I don't think we'll see much reversing movements. The market has fallen a lot in last few days and that's the reason no one can do proper predictions right now. If the bearish wave continues then we might see the market going very down and that won't be good for the holders, but it will be a good opportunity for the ones who're accumulating.

1 BTC is still 1 BTC. As long as holders have not sold, they have not actually lost anything even if Bitcoin drops further. Only those who are speculating and chasing quick profit will end up suffering losses if Bitcoin drops further.

Also, do not forget that the bear market is not over yet. Any recovery or price increase should be treated with caution. Just look at what happened recently, bitcoin climbed from $60k to $84k, then quickly fell back below $60k. 

[MarryWithBTC]

The idea here suggest that when a fall like this happen, the market reclaim a particular resistance or close to it, while the little pump we see at $74,000 as a result of $72,000 fall could just be a fake out, preparing on further fall ahead.

While in this case I don't think there is any sudden economical updates that trigger this fall than a normal pattern that suggest or indicate for market fall, which means we are on a downtrend and this continues as further fall is very possible, the market can dip to $69,000 towards this month end and or by next month, so let's be more bearish in our prediction these days than bullish.

You saw this coming and emphatically stated it and many didn't actually trust your analysis and predictions. I wish I saw this earlier. Although, there's no guarantee that I would have trusted you also.
However, this was a good analysis. I like it when what people analyzed actually plays out fine. It will send a signal to trust the person's judgement subsequently.

1 BTC is still 1 BTC. As long as holders have not sold, they have not actually lost anything even if Bitcoin drops further. Only those who are speculating and chasing quick profit will end up suffering losses if Bitcoin drops further.

In as much as you haven't sold, you have lost.

Also, do not forget that the bear market is not over yet. Any recovery or price increase should be treated with caution. Just look at what happened recently, bitcoin climbed from $60k to $84k, then quickly fell back below $60k. 

Some people are still being deceived by the erroneous concept of no more 4-year cycle.

[Bitcoin-Forever]

It may be very difficult to see this market go back to $70,000 for this month and if you are not being careful the resistance can be made at $65,000 and we may have support at $60,000 from what I am seeing, if the market is capable of making double top or triple with the kind of performance from the chart as well as a triple bottom from the chart as well, it can be more easier for us to draw a conclusional with the market is going.

[Doan9269]

Many are saying it already that we are going to experience bullish performance due to the ongoing speculations about President Trump's peace deal on Iran, we don't know if this could be the reason why the market is surging in this direction, but we should not forget that the season we are currently in also draws the market resistance to go further in rising, but let's see how far things could go henceforth from this moment with bitcoin price market reaction.

[AGogi2003]

If you are investing in Bitcoin then try to set your priority entry point at something below $70,000 because there is possible coming ahead anytime from now, well if you are a trader, try to make more research about the market condition and speculate well, also go for short position more often than any other, there is more likely possibility for further fall of the market, therefore considering where we are today, shows that there is more likely possibility for a sustained bearish market.

When you’re investing in bitcoin you need to set your target and wait for your profit because when you invest without a plan you won’t get what you need and the moment the price is falling you can start to be scared thinking you can lose everything in the market because you just invest without putting your target.

Bitcoin is something that before you starting is better you get the knowledge and experience to knows how he goes so that you can know what to do. Trading is something that you need to get the experience and focus on it before you can understand it but investing in bitcoin is much easy.

[Ayers]

Many are saying it already that we are going to experience bullish performance due to the ongoing speculations about President Trump's peace deal on Iran, we don't know if this could be the reason why the market is surging in this direction, but we should not forget that the season we are currently in also draws the market resistance to go further in rising, but let's see how far things could go henceforth from this moment with bitcoin price market reaction.

Bitcoin has risen to $66k, and I believe this is related to the peace agreement between the US and Iran. The impact of geopolitics on markets is real. However, I do not think this is enough to trigger a strong rally as many people expect.

Many seem to forget that Bitcoin was trading around $60k–$62k before the conflict and rose to $84k during the war period. So it is difficult to argue that the end of the war alone can automatically lead to a strong rally, especially when it is not the only factor driving price trend.

[henmark]

Many are saying it already that we are going to experience bullish performance due to the ongoing speculations about President Trump's peace deal on Iran, we don't know if this could be the reason why the market is surging in this direction,

Outside factors may also have an impact in the market of cryptos, most especially if they are more related to it, like for example in politics where a politician is a pro-Bitcoin. But if according on the recent status of the war, I think I can rate it that it only has a small impact on here even though Trump can sometimes be into Bitcoin because this is not the main topic there for now.

but we should not forget that the season we are currently in also draws the market resistance to go further in rising, but let's see how far things could go henceforth from this moment with bitcoin price market reaction.

I think you are telling that the season we are in is bullish but it is actually bearish. Or I could be wrong there too and bearish is also what you mean. But being in a bearish season is what can hold the price to not rise too much no matter how strong the relation of crypto on the happenings outside.

[Fredomago]

Many are saying it already that we are going to experience bullish performance due to the ongoing speculations about President Trump's peace deal on Iran, we don't know if this could be the reason why the market is surging in this direction, but we should not forget that the season we are currently in also draws the market resistance to go further in rising, but let's see how far things could go henceforth from this moment with bitcoin price market reaction.

Though there's an impact but still not a guarantee, there are so many factors that may affect the market movements, and as a investors or traders, it's a need to continue to follow the market direction and try to analyze according to your own understanding, we can't predict accurately but we can project if we are positive that the market will bounce back and will give us the benefits that we are aiming to achieve.

[tabas]

When you’re investing in bitcoin you need to set your target and wait for your profit because when you invest without a plan you won’t get what you need and the moment the price is falling you can start to be scared thinking you can lose everything in the market because you just invest without putting your target.

Others will not agree to what you've said because for them, as we buy bitcoin we have to hold it forever. To be honest, there's no problem with setting a target for profit and that's actually the goal. That's actually the plan from the very start why we invest in bitcoin, right? As for the holders who have no plans yet, I think that's just fine and they'll figure when they want to sell as the market goes up in the next years to come. Understanding how important this bear market for their accumulation, they'll have it eventually when they should start selling.

[Jubilee58]

The bear market is still not over. After every bull season digital asset like bitcoin does not drop drastically, bitcoin dips in a gradual process, during the bear market there is always a fluctuation in the price of bitcoin, sometimes the price will go up, and sometimes the price will will go down, and this process makes bitcoin to take time before reaching it's bottom.
Statistically, it takes bitcoin some years to experience bull market, it also take some years to experience the bear market or for bear market to be over, and because bitcoin is a volatile asset, sharing it's price into equal halves before the bull season is possible during the bear market.

[JoyMarsha]

As of the day you created this topic, I would have argued that price was not going to go below $65k but it's clear now, the market can actually do quite the opposite of what we think. The market is supposed to have been exhausted of this bearish trend but it seems the buyers are not yet tired of pushing the market down but if we can see a good bounce above $65k again, that would mean that the market is reversing to the up side.

Who knows? It could be or not that this reverse upside movement we see Bitcoin having currently is a trap, not a price to think of a bull run is on the corner since we have Bitcoin fluctuating above $65k.

I think, $65k+ is still a perfect price to dive in, as we are been hopeful for a higher price in 2028/2029. Till then, accumulating Bitcoin at a price below $100k is never a bad ideal so to think.

[LogitechMouse]

As of the day you created this topic, I would have argued that price was not going to go below $65k but it's clear now, the market can actually do quite the opposite of what we think. The market is supposed to have been exhausted of this bearish trend but it seems the buyers are not yet tired of pushing the market down but if we can see a good bounce above $65k again, that would mean that the market is reversing to the up side.

Nope. There has been no exhaustion of the bearish trend that happened at all.

What happened is that, the market just created a lower high to give that feeling to us investors that "Hey, the bear market is over since the market is recovering already." That's what many felt when the market recovered, but for sure many investors and traders got trapped on that one, and many lost their money. We are in a bear market, and on average, bear markets lasts around a year. We're still in the midway of it so I expect more bearishness that will happen on the market in the upcoming weeks.

I already entered a short position as soon as the market pumped and touched it's resistance (around $67500). It rejected near that price area, and it's currently below $66,000, and I expect that Bitcoin will soon touch $50,000. Of course, I might be wrong just like my previous 10 ones.

[Dave1]

The bear market is still not over. After every bull season digital asset like bitcoin does not drop drastically, bitcoin dips in a gradual process, during the bear market there is always a fluctuation in the price of bitcoin, sometimes the price will go up, and sometimes the price will will go down, and this process makes bitcoin to take time before reaching it's bottom.
Statistically, it takes bitcoin some years to experience bull market, it also take some years to experience the bear market or for bear market to be over, and because bitcoin is a volatile asset, sharing it's price into equal halves before the bull season is possible during the bear market.

Yes, it's not over although we might see the price going on some good increase specially with the news of the peace deal between US/Israel and Iran. So this might bring a positive impact in the market as we can seen that the price did go up to $66k.

So that is a good sign for the investors and maybe we can see some good inflows again as the fear is no longer there as peace has been brokered out. But I don't see that we will somewhat goes to 6 digits as other might look at it.

Because we are still in the bearish trend and it's hard to find that cycle. The best way is to just continue to accumulate.