Can the current market situation be aqueble?

[Bobcrypto]

Guys, just want to be curious about the current market trends, as a matter of facts, the situation of the entire crypto is, in my opinion, a "BEAR MARKET". I think is a bear run because it is a different pattern from bear run in the past. Though I am not an analyst/expert but the current market situation can be compared to Bear run not experienced before. What are your takes on this?

[gurunanakji777]

Nobody is perfect in market analysis because everyone has different perceptions about the market. Market is still not as bad as in the year 2019 but that was the longest bear market trend I witnessed. Market took almost one and half year to become bull again but I don't think current market will follow the same again because the adoption of crypto is increasing at high pace. No doubt current market conditions is not good but I am still positive it will gradually improve and I am expecting a little more drop from current point of the market then it will start recovering again.

[TomPluz]

There are now so-called crypto experts telling us that we are already in bear market or will about to be...but there are also those who think otherwise all because there seems to be a continuing accumulation stage still happening right now...so interest on Bitcoin remains high and this can be a big factor for its eventual rebound in the next few weeks. While I believe that we can only speculate and no one can accurately predict how the market can be a month from now, I am more inclined to believe that soon Bitcoin can be in a strong upward movement.

[gurunanakji777]

The market changes its momentum last year in the month of November after that time market did not make any new ATH. Gradually market is dropping from last 3 months so we can say the market is bearish and we should accept it. Yes, I agree we can not compare the current market to the previous bear run because many things have been changed in the market since the last bear run. We see quite good progress in adoption which is the plus point for the market even many new institutions jumped into this market and regularly bought the dips so I don't think the market will be as bad as we saw in the previous run.

[densus88]

Guys, just want to be curious about the current market trends, as a matter of facts, the situation of the entire crypto is, in my opinion, a "BEAR MARKET". I think is a bear run because it is a different pattern from bear run in the past. Though I am not an analyst/expert but the current market situation can be compared to Bear run not experienced before. What are your takes on this?

That's true, current market is bear. But different pattern  from bear run in the past.
Market seems still strong , although several has corrections.
that's my analyzing

[Alcor]

Of course, a price drop in the cryptocurrency market of more than 50 percent, given that this has been going on for two months, can be called a bear period. At the same time, the price of bitcoin was falling to the projected $33,000, but gradually it rose to the current $37,480. Altcoins are also recovering. Therefore, I do not think that this bearish period will last long, as it did in 2018-2019. Most likely, in a few months, cryptocurrency prices will again be at their best.

[Senin]

Of course, a price drop in the cryptocurrency market of more than 50 percent, given that this has been going on for two months, can be called a bear period. At the same time, the price of bitcoin was falling to the projected $33,000, but gradually it rose to the current $37,480. Altcoins are also recovering. Therefore, I do not think that this bearish period will last long, as it did in 2018-2019. Most likely, in a few months, cryptocurrency prices will again be at their best.

The cryptocurrency market is recovering pretty well. The price of bitcoin rose to $44,060, ethereum to $3,139. If over the past week Bitcoin has risen in price by seven thousand dollars, this is an average of a thousand dollars daily. It is unlikely that such growth can already be called a bear market. Of course, it would be nice if this growth rate continued for some time. Perhaps it will. After all, good news is coming from Russia that the government and the Central Bank want to legalize the circulation of cryptocurrency and recognize it as a means of payment. A possible ban on the circulation of cryptocurrency in Russia was one of the reasons for the last sharp drop in this market, and this reason is no longer there.

[Bliznec]

Today it is difficult to answer what is actually happening in the cryptocurrency market. Bitcoin pushed off the minimum value, now you need to gain a foothold. I don't think this is a bearish signal, as we have already seen the fall.

[trauchot]

Indeed, we are in a bearish trend and it is difficult to say when the bearish trend will end, because as we saw before, the bearish trend can last for several years, so we need to hope that this time the bearish trend will not last so long, so we need to keep a close eye on the cryptocurrency market.