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

[philipma1957]

Of course there is always bullish season after bitcoin halving and it always occurs when that year have finished entering the new year somewhere in Q2-3 we would experience a huge spike in the market. But since the market has been acting so unpredictable we could see something new from next year and who knows what that could be, like I know two things possible is either bull or bear.

Many people are predicting about Q2-3 next year, we will see a bullish season and they predict bitcoin price will reach $150K.
I am just optimistic with the prediction because I also have hope that my bitcoin and altcoins will sell well next year. but it is better to always see the market trend, because after trump is inaugurated we will see a tremendous surge.

150k is far too low. We will very likely do 250k or more. If we stay bull.

The problem is will we stay bull. Trump had a defeat yesterday he wanted to lift the debt ceiling until Dec 2027 if he gets this done he will print tons and tons and tons of dollars which will force BTC to well over 250k

But others bet on the dollar. This battle will decide if BTC is to reach unheard of heights.

[doc]

150k is far too low. We will very likely do 250k or more. If we stay bull.

The problem is will we stay bull. Trump had a defeat yesterday he wanted to lift the debt ceiling until Dec 2027 if he gets this done he will print tons and tons and tons of dollars which will force BTC to well over 250k

But others bet on the dollar. This battle will decide if BTC is to reach unheard of heights.

If the price of Bitcoin will reach $ 250k next year, this is very great. Hopefully your predictions will happen because I haven't sold my bitcoin and will hold it until next year.
 I did not really follow what Trump was doing during the presidential election, but I hope Trump did the best for Bitcoin when he had been appointed to become a US president.

[Gurujebs]

If the price of Bitcoin will reach $ 250k next year, this is very great. Hopefully your predictions will happen because I haven't sold my bitcoin and will hold it until next year.
 I did not really follow what Trump was doing during the presidential election, but I hope Trump did the best for Bitcoin when he had been appointed to become a US president.

I am also anticipating to see Bitcoin to that price, altcoins are going to have a nice party to reach the all time high and even pass it but the way the news is going, I'm skeptical if Donald Trump is going to have that power to make it really possible. If he can have his way into to the heart if the congress, it is going to be easy else it's going to be tough than we expected.

Let's be hopeful the people in the congress want Bitcoin and are ready to make Bitcoin a law in the US finance, that 250k many of us are expecting will be something of the past because Bitcoin will make that run nobody will ever expected.

[SmartGold01]

Of course there is always bullish season after bitcoin halving and it always occurs when that year have finished entering the new year somewhere in Q2-3 we would experience a huge spike in the market. But since the market has been acting so unpredictable we could see something new from next year and who knows what that could be, like I know two things possible is either bull or bear.

Many people are predicting about Q2-3 next year, we will see a bullish season and they predict bitcoin price will reach $150K.
I am just optimistic with the prediction because I also have hope that my bitcoin and altcoins will sell well next year. but it is better to always see the market trend, because after trump is inaugurated we will see a tremendous surge.

150k is far too low. We will very likely do 250k or more. If we stay bull.

The problem is will we stay bull. Trump had a defeat yesterday he wanted to lift the debt ceiling until Dec 2027 if he gets this done he will print tons and tons and tons of dollars which will force BTC to well over 250k

But others bet on the dollar. This battle will decide if BTC is to reach unheard of heights.

I am also having this feelings as well because the price of bitcoin has been severally predicted to pass such price and most people says it would hit about 500k before next year runs out which I believe it would definitely get close to that prices.
More people buying bitcoin and few days ago El Salvador put some bitcoin that was added to their portfolio.

[vegasus]

No offense, this is a big influence that Trum won the election, with his Pro-crypto campaign, making the market trend change very quickly and heading towards a real bullrun very quickly. Even BTC has touched ATH $ 108,268.

However, it is undeniable that the current price decline is very deep, because previously it had just reached a new ATH at more than $ 108k, and was immediately slammed to $ 92k. There is a lot of FUD spreading, many parties panic and assume that the bearish has come much faster, causing a panic sell in the market. And this is what whales like, panic cells so they can accumulate more Bitcoin at a much cheaper price, before they fly it again.

In my opinion this is just a correction after having a good pump on the market. And as well when we will say this kind of  down market I also think that these are the signals of decreasing the bitcoin dominance on the crypto market and that will also a signal for starting the altcoin season.
That's mean after having down market the investor maybe switch them to altcoins and maybe then the altcoin season will start also as well. And regarding the current situation I will say that this is just correction I am not going to trapped decided to holding Bitcoin till 120k.

Sorry, I mistyped "Panic Cells", it's panic sell. 
Yes, this is a market correction that usually occurs after the BTC price has risen so drastically. and actually this is a natural thing. it's just that the drop is quite deep, and it feels like being slammed. meaning many people are panicking at times like this. Especially short-time traders, who may have difficulty taking profits at this time, except for those who have indeed placed SHORT positions on their trading.

but well, now, the market has started to get busy, although it has not returned to the Bitcoin ATH price area, but at least there have been many increases that we have seen in the market. and this is certainly also followed by altcoins.

[PX-Z]

Yes, this is a market correction that usually occurs after the BTC price has risen so drastically. and actually this is a natural thing. it's just that the drop is quite deep, and it feels like being slammed. meaning many people are panicking at times like this.

Panicking at 90k range? I don't think so, i would panic if the drop went down  ward more e.g. 80k range but a correction with 5-8k is just small compare how bitcoin price leaps when it pumps. Why? It's already a month since we reached 90k yet were still here even still reaching 100k again after few more days.

[milewilda]

Yes, this is a market correction that usually occurs after the BTC price has risen so drastically. and actually this is a natural thing. it's just that the drop is quite deep, and it feels like being slammed. meaning many people are panicking at times like this.

Panicking at 90k range? I don't think so, i would panic if the drop went down  ward more e.g. 80k range but a correction with 5-8k is just small compare how bitcoin price leaps when it pumps. Why? It's already a month since we reached 90k yet were still here even still reaching 100k again after few more days.

If you've been here on this market long enough then -10% drop in a day or even more wont really be that able to make you panic. If we do tend to look up in the past where 24 hour drop percentages are way too big and if you arent that good enough when it comes into our emotion and mindset then you will really be that ending up on having that panic selling. This is why its really that important that you should really be knowing at least on what are the common behavior of price so that you can be able to apply it out into your future analysis at the same time you will be able to make yourself having such adjustment at the time that you do make out such encounter on market price conditions.

[libert19]

Of course there is always bullish season after bitcoin halving and it always occurs when that year have finished entering the new year somewhere in Q2-3 we would experience a huge spike in the market. But since the market has been acting so unpredictable we could see something new from next year and who knows what that could be, like I know two things possible is either bull or bear.

Many people are predicting about Q2-3 next year, we will see a bullish season and they predict bitcoin price will reach $150K.
I am just optimistic with the prediction because I also have hope that my bitcoin and altcoins will sell well next year. but it is better to always see the market trend, because after trump is inaugurated we will see a tremendous surge.

150k is far too low. We will very likely do 250k or more. If we stay bull.

The problem is will we stay bull. Trump had a defeat yesterday he wanted to lift the debt ceiling until Dec 2027 if he gets this done he will print tons and tons and tons of dollars which will force BTC to well over 250k

But others bet on the dollar. This battle will decide if BTC is to reach unheard of heights.

I am also having this feelings as well because the price of bitcoin has been severally predicted to pass such price and most people says it would hit about 500k before next year runs out which I believe it would definitely get close to that prices.
More people buying bitcoin and few days ago El Salvador put some bitcoin that was added to their portfolio.

500K definitely not, even Phillipma's 250k looks steep, though I understand because every bull run creates this euphoria where such predictions somehow make sense.

I am not saying, these targets won't be reached, I just don't think it's happening this time around.

[PX-Z]

...If we do tend to look up in the past where 24 hour drop percentages are way too big and if you arent that good enough when it comes into our emotion and mindset then you will really be that ending up on having that panic selling. This is why its really that important that you should really be knowing at least on what are the common behavior of price so that you can be able to apply it out into your future analysis at the same time you will be able to make yourself having such adjustment at the time that you do make out such encounter on market price conditions.

Right? It's actually always conditioning your emotions and mindset whenever you go on such market behaviour. Bearish season will not happen too soon at least this December so no need to panic sell. Bear is much worse than this as  per the history of every bear season.

[SmartGold01]

500K definitely not, even Phillipma's 250k looks steep, though I understand because every bull run creates this euphoria where such predictions somehow make sense.

I am not saying, these targets won't be reached, I just don't think it's happening this time around.

Then you are getting twisted because as I know the market is filled with uncertainties and there are possibilities that seems to break out the records, like I know there is always a fever that drives the market so crazy in way that we can't imagine anymore, and of course those who aren't optimistic wouldn't have this rethinking that the market gonna make something quite different by ends of this year 2024. Possible we can say next year we are expecting insignificant amount ranging from 250k-500k, yes this is understandable.

[libert19]

500K definitely not, even Phillipma's 250k looks steep, though I understand because every bull run creates this euphoria where such predictions somehow make sense.

I am not saying, these targets won't be reached, I just don't think it's happening this time around.

Then you are getting twisted because as I know the market is filled with uncertainties and there are possibilities that seems to break out the records, like I know there is always a fever that drives the market so crazy in way that we can't imagine anymore, and of course those who aren't optimistic wouldn't have this rethinking that the market gonna make something quite different by ends of this year 2024. Possible we can say next year we are expecting insignificant amount ranging from 250k-500k, yes this is understandable.

Call me pessimist but I don't see BTC going anywhere near 250k this cycle, let alone 500k — you can bookmark this comment and call me wrong if it does break, I'll happily apologize to you.

[SmartGold01]

500K definitely not, even Phillipma's 250k looks steep, though I understand because every bull run creates this euphoria where such predictions somehow make sense.

I am not saying, these targets won't be reached, I just don't think it's happening this time around.

Then you are getting twisted because as I know the market is filled with uncertainties and there are possibilities that seems to break out the records, like I know there is always a fever that drives the market so crazy in way that we can't imagine anymore, and of course those who aren't optimistic wouldn't have this rethinking that the market gonna make something quite different by ends of this year 2024. Possible we can say next year we are expecting insignificant amount ranging from 250k-500k, yes this is understandable.

Call me pessimist but I don't see BTC going anywhere near 250k this cycle, let alone 500k — you can bookmark this comment and call me wrong if it does break, I'll happily apologize to you.

Lols no one knows the future price of bitcoin and all we do is speculations about the bitcoin price. But that doesn't mean we wouldn't be optimistic about the price and just as it happened seeing 108k this year, we didn't expect it and none knows that it would come to this level. Whatever price people giving doesn't directly comes from their surety level instead just a merely guess words. Hence, we may see the price at that level or lower than that level. There would be no to further argue or calling for apologies.

[Crypto Library]

Yes, this is a market correction that usually occurs after the BTC price has risen so drastically. and actually this is a natural thing. it's just that the drop is quite deep, and it feels like being slammed. meaning many people are panicking at times like this. Especially short-time traders, who may have difficulty taking profits at this time, except for those who have indeed placed SHORT positions on their trading.

I think we shouldn't panic so quickly and we need to keep our investments secure so that we don't get hit by any FUD.
As I already said and you also mention that this is just a natural market correction and the real all time high price yet to cross left now . And I also think that that will happen on the starting of the 2025 maybe it tooks the first quarter of the 2025 but in December if we thought that it is the last month of bull season and if we sold out the holding bitcoin then it will be only foolishness.
ANd in this case I also wouldn't suggest for the future trade.

[philipma1957]

Most of now until Jan 20 is chatter.

The war is old money and the dollar against new money and crypto.

Trump went after the dollar trying to get the USA debt limit removed.


All his crypto plans hinge on removing the USA debt limit.

He can bury the dollar bigly and pump crypto like mad if he gets the deb limit remove.

His next shot at it will be in late feb-early march.

If he removes the debt limit the USA will print money like mad devalue the dollar and pump BTC/crypto.



2025 could be omg 300k 400k or oh fuck why didn't I sell when we got to 108k.

It is exciting to wait to find out which way we will move to.

[doc]

Yes, this is a market correction that usually occurs after the BTC price has risen so drastically. and actually this is a natural thing. it's just that the drop is quite deep, and it feels like being slammed. meaning many people are panicking at times like this. Especially short-time traders, who may have difficulty taking profits at this time, except for those who have indeed placed SHORT positions on their trading.

I think we shouldn't panic so quickly and we need to keep our investments secure so that we don't get hit by any FUD.
As I already said and you also mention that this is just a natural market correction and the real all time high price yet to cross left now . And I also think that that will happen on the starting of the 2025 maybe it tooks the first quarter of the 2025 but in December if we thought that it is the last month of bull season and if we sold out the holding bitcoin then it will be only foolishness.
ANd in this case I also wouldn't suggest for the future trade.

This is just a correction, even though the price of bitcoin will turn below $90K, the price of bitcoin will likely rise again. Because the bullish season will occur next year and Trump's inauguration will occur in January next year, we will see the crypto market surge at that time. so we remain calm when we see the current red crypto market.
Because this is the best time to buy.