Has the bear market started?

[Power420]

Bitcoin price touched $65k to $56k in just two days. Bitcoin price is in full bearish current position, maybe we are going to reach bull run very soon. Do you think we are headed for a bitcoin bull market or a bear market?

[TomPluz]

Do you think we are headed for a bitcoin bull market or a bear market?

Right now, BTC is at $57K and I would say that this is a dramatic fall as it was more than $60K some days ago. I am in fact quite surprised by this weakening stance of Bitcoin and I am sure that we can expect some further deterioration of its price as the market sentiment is now enveloped by a big bearish mood. Now, can we say that we are already in the bearish market? I would not speculate on that but judging by the coin's performance for the past many days, I think we are witnessing the return of the bear though it does not mean that the bull is already out as there can also be a big chance that the market will be reversing in a moment. The weakening of Bitcoin is happening partly due to the continuing outflows in ETFs so unless there can be a new direction in the market, most probably we can see BTC going backward as low as $40K...and that is something I dread and should not happen.

[tranthidung]

Bitcoin price touched $65k to $56k in just two days. Bitcoin price is in full bearish current position, maybe we are going to reach bull run very soon. Do you think we are headed for a bitcoin bull market or a bear market?

It is a healthy correction after many months of bullish, 7 months as you can see in the table [1]

[1] https://cryptorank.io/price/bitcoin

NUPL indicator shows that we are good to cool down as expected. I believe if Bitcoin stays around $50,000 to $60,000 for some months, it will be better for accumulation and will help Bitcoin to rise stronger next several months. [2]

[2] https://www.lookintobitcoin.com/charts/relative-unrealized-profit--loss/

[Gurujebs]

Bitcoin price touched $65k to $56k in just two days. Bitcoin price is in full bearish current position, maybe we are going to reach bull run very soon. Do you think we are headed for a bitcoin bull market or a bear market?

I'm not an expert when it comes to bull run but I know for a certain that bull run doesn't happen the same year the halving occurs. So we can assume now that the $56k we are seeing right now is a market correction and this one is a healthy one because it's happening gradually and not crashing like it used to do in the previous crash, so we should anticipate for bull run later and he got the best for the market.

[dekafee79]

Bitcoin price touched $65k to $56k in just two days. Bitcoin price is in full bearish current position, maybe we are going to reach bull run very soon. Do you think we are headed for a bitcoin bull market or a bear market?

It looks like we will see a bearish season in the next few months, and after that we will see a bullish season. This is just an analysis and prediction, it could be that the bullish season ends before the Bitcoin halving. And be prepared that if this is true, many people will be disappointed.

[Jamal Aezaz]

That was just a temporary dip and now the market is better in worth as compared to previous worth because it is now 60k$ which means that it has again entered into the range of 60k$ which will soon go higher. People should use that lower value for buying more Bitcoin but people often get scared by examining that the value is getting lower.

Most of the people will regret that they have not sold their assets when the price was 73k$ but I don't think that bull season is over so wait until your desired worth attains because one day price will surely go higher than your buying worth. If bull season ends then we will not see the 60k$ of price again therefore don't lose hope as everything will become better.

[MrSpasybo]

That was just a temporary dip and now the market is better in worth as compared to previous worth because it is now 60k$ which means that it has again entered into the range of 60k$ which will soon go higher. People should use that lower value for buying more Bitcoin but people often get scared by examining that the value is getting lower.

Most of the people will regret that they have not sold their assets when the price was 73k$ but I don't think that bull season is over so wait until your desired worth attains because one day price will surely go higher than your buying worth. If bull season ends then we will not see the 60k$ of price again therefore don't lose hope as everything will become better.

Yeah, I agree with you. Compared to the bottom of the crypto winter ~$15.5K, we are currently in the $57K zone, meaning that the BTC price has made a remarkable recovery. The drop from $73K to $57K is around -22%, a normal and necessary correction for the crypto market to re-accumulate and continue to grow in the future.

The halving has just taken place and we are only in the early stages of a new cycle, a new bullrun. Don't be too afraid, use a larger time frame, such as the weekly chart, to see that the crypto winter has been left behind and we are on our way to a bullrun with a target BTC price of over $100K. The correction will be a perfect opportunity for us to continue accumulating more tokens. I myself am still DCA BTC + ALTS and believe that BTC can reach $150K-170K in 2025.

[LogitechMouse]

Bitcoin price touched $65k to $56k in just two days. Bitcoin price is in full bearish current position, maybe we are going to reach bull run very soon. Do you think we are headed for a bitcoin bull market or a bear market?

An almost $10,000 decrease in the price of Bitcoin in only 2 days is kind of common I would say. It happens most of the time though I didn't expect for Bitcoin to go this down TBH.

Having said all of that, I don't think that we are entering the bear market anytime soon. Just basing on history, a bull market usually starts a few months after the halving event, so there's a chance that it might happen again. Of course, I might be wrong as well and we might see the opposite of it. After all, we've seen the price of Bitcoin surpassing its previous ATH even though the halving event didn't finish yet.

At the end of the day, anything can happen, and we don't know when it will happen. We might see a bull market anytime soon (which is highly likely), or we might see a bear market (highly unlikely).

[msz900]

Bitcoin price touched $65k to $56k in just two days. Bitcoin price is in full bearish current position, maybe we are going to reach bull run very soon. Do you think we are headed for a bitcoin bull market or a bear market?

BTC has to take a correction or atleast $10k - $20k and after that it will pump and cross the Higher High, but currently, the market is only taking small moves just to Liquidate either the Short's or Longs' and that's the reason, most of the PRO trader recommend to trade only in Spot.

[Dr.Bitcoin_Strange]

It's possible that BTC could actually be entering another Bull run, because the Bitcoin has always experienced bull and bear market trends in a cyclical manner in the previous years, and the bull run is believed to always kick in once in every four years, the last bull run was actually in 2022, so if the market is to follow it's previous cycles, then there's every possibility of another Bull run coming up very soon.
This is only a mere speculation and not certain because the crypto market is very volatile and can decide to take another pattern at any given time.

[Fivestar4everMVP]

Bitcoin price touched $65k to $56k in just two days. Bitcoin price is in full bearish current position, maybe we are going to reach bull run very soon. Do you think we are headed for a bitcoin bull market or a bear market?

It's hard to say but if I must be sincere with myself, I did say what I truly believe, and what I truly believe at  the moment is that, bitcoin is looking more bearish than bullish, though I understand that many will see the current downtrend as a correction from the highs we seen in the past weeks, which I will also assume is correct, but all the same, the current condition of the market isn't a bad thing, intact, for me, I see it as an opportunity to not only accumulate more bitcoin at cheap rates, but also, it's a good opportunity for me to buy more of the altcoins I've always thought I don't have enough of, so that when the bull run finally arrives, I have nothing to regret at all.

This is a very good opportunity for us all reposition well for the coming bull run, I expect bitcoin to still go down a bit, maybe reach around $50k, before it shorts up again and takes its jornuey to above $100k.
Cross your fingers and watch this happen in the coming weeks.

[gunhell16]

Bitcoin price touched $65k to $56k in just two days. Bitcoin price is in full bearish current position, maybe we are going to reach bull run very soon. Do you think we are headed for a bitcoin bull market or a bear market?

To be honest, I am not shocked by what is happening today because we are at 23% of the correction that we are facing right now, up to 30% of the correction that I expect to happen to Bitcoin in terms of its price value. So my rough estimation is that it is possible to lower it to $50,000 as support, before it reverses again.

So right now we are still in the discovery phase because the market is unpredictable, which is why we are still hearing speculation in the various communities here on this platform.

[Power420]

I am mainly concerned with long term investment, so I have saved some money so I am seeking advice on whether it will be a deep market. If the bitcoin market is more bearish then I will use the DCA method. So I am looking for advice on how to invest and think ahead about the market.

[SmartGold01]

This is a normal thing that usually happens with the market because when halving is over that is always a little market changes that would looks as bear but not bear its called market correction although it would be around this price for close to 6 months that is to say we are expecting it be over within ending of this year and mid beginning of next year to start rallying up for the bull run. So to me I will just advise to keep holding or to keep accumulating gradually while the pick up the movement for the bull run.

[kulkhan]

Bitcoin price touched $65k to $56k in just two days. Bitcoin price is in full bearish current position, maybe we are going to reach bull run very soon. Do you think we are headed for a bitcoin bull market or a bear market?

I Believe now happening biggest correction for bitcoin, and i think within short time bitcoin price will bounce and Bitcoin price will gradually go for new ATH, which will historical moment for bitcoin and cryptocurrency lovers.

After Bitcoin halving Bitcoin price decreasing thats means it is correction. Near future bitcoin price will come back to his real position. I think future will be bull session and bitcoin price will hit another ATH.