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Bitcoin Forum / Re: Has the bear market started?
« on: Today at 01:17:33 AM »Hopefully your prediction is correct, because I also see market movements starting to improve and several altcoins are also rising. If this persists for the next two weeks, it is possible that we will soon enter the bullish season.It would be great if we had gone through a re-accumulation and support retest of BTC price. However, I will only believe this when BTC price creates a new ATH above $74K. For now, I think BTC price is still in a trading range and in a boring sideway with no clear trend. Apart from memecoins, most ALTS have only recovered after falling 10-50% in the past few weeks.
I do not believe that we have entered a downtrend as the main bullrun is still waiting for us ahead, but I am also not optimistic enough to believe that BTC price can quickly grow strongly right after the halving without a few months of re-accumulation. BTC Spot ETFs can have a very big impact but not enough to change investor sentiment and price behavior in the market.