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Bitcoin Forum / Re: Has the bear market started?
« on: May 02, 2024, 11:39:36 AM »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.