Has the bear market started?

[Faisal2202]

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 think it should happen, which means a bear market or correction was necessary for the market to go up again. I still thing BTC can go as low as $50k. But after that, it will touch $73k IMO. I might be wrong but many technical indicators show that. I honestly don't want BTC to go as low as $50k but I think in the long run like after October or near October BTC might lose its value.

After that maybe in the Q1 of 2025, BTC will try to break the $100k target. Many of the institutional investors and analysts made that prediction I just aforementioned, but don't know where they are now, or why they are not back supporting what they said before. I still thin we are heading towards a bull run because bull run definitely comes after halving and my heart don't want to think otherwise. Which I know is a bad thing.

[LUCKMCFLY]

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 think it should happen, which means a bear market or correction was necessary for the market to go up again. I still thing BTC can go as low as $50k. But after that, it will touch $73k IMO. I might be wrong but many technical indicators show that. I honestly don't want BTC to go as low as $50k but I think in the long run like after October or near October BTC might lose its value.

After that maybe in the Q1 of 2025, BTC will try to break the $100k target. Many of the institutional investors and analysts made that prediction I just aforementioned, but don't know where they are now, or why they are not back supporting what they said before. I still thin we are heading towards a bull run because bull run definitely comes after halving and my heart don't want to think otherwise. Which I know is a bad thing.

Today I saw more analysis from some traders where they said that bitcoin would reach $52k again, but this is something that I don't understand very well, based on what can you guarantee this? I believe that the only way for Bitcoin to go down so much is because there is a great fundamental, war style , pandemic or something like that and it could influence investor panic It could also be that there are other things that could influence an investor leaving. and they sell all their bitcoin, and that would be something very extreme but it can happen, in this case things can happen due to strong emotions and cause everything to go to the floor.

[enwi]

Today I saw more analysis from some traders where they said that bitcoin would reach $52k again, but this is something that I don't understand very well, based on what can you guarantee this? I believe that the only way for Bitcoin to go down so much is because there is a great fundamental, war style , pandemic or something like that and it could influence investor panic It could also be that there are other things that could influence an investor leaving. and they sell all their bitcoin, and that would be something very extreme but it can happen, in this case things can happen due to strong emotions and cause everything to go to the floor.

It seems that the price of bitcoin has returned to $53k again and this is a fairly stable price movement because it always has price movements between $50k and $55k. Hopefully there will be good news next month so that the price can rise to be very expensive.

[Faisal2202]

Today I saw more analysis from some traders where they said that bitcoin would reach $52k again, but this is something that I don't understand very well, based on what can you guarantee this?

I did not mean to say it will directly touch the $50k target, as I was trying to say, first it will break some supports, like $57k then further below until $50k. My hard guess is $50k and in the long run it don't made me nervous because I am holding until $100k which I think is must. I don't know why before halving people were so bullish that they won't stop saying BTC will touch $100k some are even saying it can touch $150k but now people are not so bullish.

They are predicting the price to touch maximum of $80k. Speaking of $50k target you are right a big event could made that happen otherwise BTC is still moving up and down (consolidate) but I still think a big dump is coming, as MT Gox payment is going to be distributed and there are other seized funds are going to be released by the authorities.

[dekafee79]

Today I saw more analysis from some traders where they said that bitcoin would reach $52k again, but this is something that I don't understand very well, based on what can you guarantee this? I believe that the only way for Bitcoin to go down so much is because there is a great fundamental, war style , pandemic or something like that and it could influence investor panic It could also be that there are other things that could influence an investor leaving. and they sell all their bitcoin, and that would be something very extreme but it can happen, in this case things can happen due to strong emotions and cause everything to go to the floor.

It seems that the price of bitcoin has returned to $53k again and this is a fairly stable price movement because it always has price movements between $50k and $55k. Hopefully there will be good news next month so that the price can rise to be very expensive.

Currently it looks like the bitcoin price will experience a lot of correction, but in my opinion the bitcoin price will not fall below $50K, because this is the season leading up to the bullish season which will probably occur at the end of the year or early next year.

[Aanuoluwatofunmi]

We should expect of lesser bear market to come as at now, we are still enjoying on the rise on the bullrun and the season for that still continuous, this month has been seen also as a month for bull market than we have in the bear, we will have to achieve close to $120,000 with bitcoin market value before there can be any bearish experience that we see the market falling, now its only planning to rise the more in getting to new all time highs.

[Agbe]

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?

The way the market is fluctuating and refused to resist the 60k now then I am sensing the bear market so if anyone didn't sell now then the person might wait for the next bull market in 2028. And if the bitcoin didn't reach $62k in this weekend then from next week bitcoin will reduce to $55k and from there it will start the bear market. Though it is still a bull run down many people now. Because they started when the price was a bit lower.

[enwi]

Today I saw more analysis from some traders where they said that bitcoin would reach $52k again, but this is something that I don't understand very well, based on what can you guarantee this? I believe that the only way for Bitcoin to go down so much is because there is a great fundamental, war style , pandemic or something like that and it could influence investor panic It could also be that there are other things that could influence an investor leaving. and they sell all their bitcoin, and that would be something very extreme but it can happen, in this case things can happen due to strong emotions and cause everything to go to the floor.

It seems that the price of bitcoin has returned to $53k again and this is a fairly stable price movement because it always has price movements between $50k and $55k. Hopefully there will be good news next month so that the price can rise to be very expensive.

Currently it looks like the bitcoin price will experience a lot of correction, but in my opinion the bitcoin price will not fall below $50K, because this is the season leading up to the bullish season which will probably occur at the end of the year or early next year.

If we look at the bitcoin price chart as a whole then there is the potential for the bitcoin price to fall below $50k, possibly triggering a bearish season that will come soon. We should be able to prepare as much USD as we can to be able to buy bitcoin when the price drops to a cheap price again.