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.