Is this a sign of the bearish season or just a retracement?

[Gposas]

For the recent times it is certain that the Crypto market is experiencing a period of the bulls, the era of green candles and a spike to attaining new ATH both from BTC and most likely other ALTS including memecoins.

For the past few days watching the market I observed a drop in price of BTC whose ATH presently is $99,550, reducing to about $90,800. Not only BTC shew this declining but other ALTS including memecoins. The market witnessed the red candles.

In your opinion is this a retracement or a sign of the bear season about to come in...?

[LogitechMouse]

For the recent times it is certain that the Crypto market is experiencing a period of the bulls, the era of green candles and a spike to attaining new ATH both from BTC and most likely other ALTS including memecoins.

For the past few days watching the market I observed a drop in price of BTC whose ATH presently is $99,550, reducing to about $90,800. Not only BTC shew this declining but other ALTS including memecoins. The market witnessed the red candles.

In your opinion is this a retracement or a sign of the bear season about to come in...?

This is the chart of Bitcoin on a weekly time frame in the year 2020-2021. That picture is the price movement of Bitcoin at around November-2020-May 2021. Around those months, you will see some red candles even though we are in a bull run. With what's happening right now, I believe that we have been through weeks of green candles, and now is the time for the buyers to take their profit hence, selling their assets for profit.

If Bitcoin will follow that price movement in the 2020-2021 bull run, I will expect that the upcoming weeks will be bullish again. A single weekly red candle isn't a sign of bearish season. It's just a short correction because we've been going up and up for many days already.

[bitterguy28]

i don’t think it’s a sign of bearish season so early in the cycle bitcoin has not even hit $100k which is what a lot of people thought or thinks for the highest peak of the current cycle there will always be correction and we need to not succumb into the state of panic immediately doing so will just do you harm and no good

bitcoin won’t be constantly rising despite what we’ve seen these past two weeks and even then the price was going back and forth so expect the same thing to happen even reaching lower prices

[Charles-Tim]

In your opinion is this a retracement or a sign of the bear season about to come in...?

It is normal for price bitcoin to retrace but this recent one was significant. The price was supposed to drop after bitcoin will get to $100000 before rising. The price got to $99550 or so, declined a little as usual, built up back, declined again and this happened several times which discouraged some bulls already that led to the crash. But that does not mean we are in bear market already. The bull market will have so mild bear market which is what is happening now but the market is still a bull market.

[Gposas]

In your opinion is this a retracement or a sign of the bear season about to come in...?

It is normal for price bitcoin to retrace but this recent one was significant. The price was supposed to drop after bitcoin will get to $100000 before rising. The price got to $99550 or so, declined a little as usual, built up back, declined again and this happened several times which discouraged some bulls already that led to the crash. But that does not mean we are in bear market already. The bull market will have so mild bear market which is what is happening now but the market is still a bull market.

Yes mate, with the predictions of most price speculators, it was obvious that BTC will surge to $100k before retracement according to their predictions but the market exhibited something entirely different, dropping price down to $90,800 after it reached its ATH.
Simply stating that the market can't be 100% predicted accurately.
Presently the price of BTC is struggling within the range of $93k.
I still hope for the price to get to $100k anytime sooner.

[target]

It would be  sad to see this going down already without seeing the alt coins reaching it's new ATH. A lot of traders will once again be disappointed to see BT didn't touched that 100k milestone they have been expecting since 2020.

Imo however, its unlikely to happen that bear market is about to start. I still can see tweets like Rumble network wants to purchase BTC and some news from youtubers about countries about to buy BTC.

[legend45]

It would be  sad to see this going down already without seeing the alt coins reaching it's new ATH. A lot of traders will once again be disappointed to see BT didn't touched that 100k milestone they have been expecting since 2020.

Imo however, its unlikely to happen that bear market is about to start. I still can see tweets like Rumble network wants to purchase BTC and some news from youtubers about countries about to buy BTC.

We will only see a correction, not a bearish season, because bearish will occur after the bullish season next year.
Bitcoin has not touched the price of $ 100K, but it has reached ATH $ 99K, this is close to the price we are targeting and I consider it the success of bitcoin approaching $ 100k after Trump's victory in the presidential election.

[Gurujebs]

For the past few days watching the market I observed a drop in price of BTC whose ATH presently is $99,550, reducing to about $90,800. Not only BTC shew this declining but other ALTS including memecoins. The market witnessed the red candles.

In your opinion is this a retracement or a sign of the bear season about to come in...?

Crypto market has one thing, we don't know what it's all about until the time has passed, that's when we get to talk about it. Folks like me is thinking that altcoins time hasn't come yet but many coins has done 100% this year but we feel they are not in the bull run yet because many of them are flat while Bitcoin has recovered from the previous all time high.

Everything depend on the interests of the market, if people continue to buy and Bitcoin remain stable, the altcoins has no choice but to run along. If people rush in because of new hype, it will go well for many coins.

[yhiaali3]

We are still in a bull market despite this decline, I expect that it is just a temporary correction and Bitcoin will continue to rise again, this correction is healthy in my opinion.

Continued rise without correction may eventually lead to a very strong decline that affects the entire market, but these small corrections give Bitcoin the opportunity to rise slowly but soundly.

I expect to see more rises at the beginning of the new year with Trump officially taking office and starting to implement legislation in favor of Bitcoin and crypto. Bitcoin's target will be $100-120K.

[KingsDen]

In your opinion is this a retracement or a sign of the bear season about to come in...?

This current market movement is simply a retracement which is healthy and very neccessary for the bull run because such movement serves as an opportunity for the next upwards price movement. Bitcoin is currently trading at 97k, with this we are sure of hitting 100k and even more before the year runs out.

[Faisal2202]

For the recent times it is certain that the Crypto market is experiencing a period of the bulls, the era of green candles and a spike to attaining new ATH both from BTC and most likely other ALTS including memecoins.

For the past few days watching the market I observed a drop in price of BTC whose ATH presently is $99,550, reducing to about $90,800. Not only BTC shew this declining but other ALTS including memecoins. The market witnessed the red candles.

In your opinion is this a retracement or a sign of the bear season about to come in...?

What bear season? Is'nt this debate a little early? IMO a bull season is yet to start and you are asking if bear season is here? Bear season is not going to come for like next 10 months in my sight but NFA so. I think this was just a healthy retracement that we all were expecting and it happened so fast and alts were to dump more but they were also stable.

Which in other terms showing money is flowing in them and they are near to start their pumps, alt season is what that can make people lot of money in this bull season. Overall, market is not dumping, only small retracements which are healthy will happen.

[Findingnemo]

Just a correction after huge bump from 60K to almost 100K but if you look at the price chart again it's now back to 96K so there's no sign of bear at the moment and it's not gonna be bearish for the next few months. It's the time to buy and if you see the dip then don't hesitate at all, the price will rebound very quickly.

[Ujok]

Many people analyze the market or predict the price of bitcoin, now bitcoin has reached ATH $100k and most people predict that bitcoin will hit the price of $150k, but we have to correct again whether this bitcoin is decreasing or will continue to soar at the price of $100k... if we look at the price of bitcoin before donal trump became president, the price was still at $60k and above after trump became president, the price of bitcoin has soared until now.

[Zed0X]

I guess the next thing you'll ask is if this is the continuation of a bullrun after BTC bounced off $90K huh? This is the problem with a lot of people that looks at a short time frame but I guess that's what day traders do. For me, a lot of positive things right now to even call the minor correction as a sign of a bear season.

~ now bitcoin has reached ATH $100k

When did that happen?

[alltalk]

For the past few days watching the market I observed a drop in price of BTC whose ATH presently is $99,550, reducing to about $90,800. Not only BTC shew this declining but other ALTS including memecoins. The market witnessed the red candles.
In your opinion is this a retracement or a sign of the bear season about to come in...?

If you learned the previous pump, Bitcoin and altcoins have increased very significantly. It also lasted from the early of this month until the last week of this month (until November 25). It is a long period of pump, we saw many significant move of Bitcoin and altcoins. If we have correction recently, I think it is very normal. The market needs some dumps (correction) before we reached higher targets. So, it is not the sign of bearish season. If we checked the whole market, we are still in the bullrun season. Don't forget that the altcoins season just begin its period. How we have bearish season too early? 

DWYOR