Red Candles dominating the crypto market

[Gposas]

As of the past few days, the market is experiencing a drop down in price massively from majorities of the Crypto currencies.
After BTC was able to spike to over $108k, for the consecutive three days according to my observations the market is dropping massively....
Major ALTS and Memecoins also are feeling the heavy impact... Including PEPE, DOGE, ETH etc.....

It is clear that the Bears are winning now and the red candles are the dominants of the Crypto market.

Could this be the beginning of the bearish season?
Or this is as a result of the Christmas Celebration which is coming few days from now???

Ur thoughts

[CoinHolder]

It is true that the crypto market has been witnessing a massive decline over the past few days, with most major cryptocurrencies, such as BTC, ETH, DOGE, and PEPE, experiencing a strong decline. This has created some adverse conditions and ups and downs in the market. Often, there is some slowdown in the market before the Christmas and New Year festivities, as investors take profits or close positions for tax-related reasons. This can lead to some declines, which can later stabilize.

[Findingnemo]

Well, this is just a correction after Bitcoin reaching over 110K so altcoins are also influenced by the drop resulting in the red on overall market it doesn't mean bear market kicked or anything like that. We still have time on this bull cycle so we can expect the price starts stabilize and then rise and then correction and so on.

[gunhell16]

As of the past few days, the market is experiencing a drop down in price massively from majorities of the Crypto currencies.
After BTC was able to spike to over $108k, for the consecutive three days according to my observations the market is dropping massively....
Major ALTS and Memecoins also are feeling the heavy impact... Including PEPE, DOGE, ETH etc.....

It is clear that the Bears are winning now and the red candles are the dominants of the Crypto market.

Could this be the beginning of the bearish season?
Or this is as a result of the Christmas Celebration which is coming few days from now???

Ur thoughts

I had no doubt that this month was a month of retracement in the price of bitcoin and will be followed for sure by other top altcoins in the market. And this is probably a preparation for the upcoming 2025 next year in my opinion.

And this is also a good opportunity for those of us who are implementing dca in the cryptocurrencies that we are currently saving, right?
or even in bitcoin that is saving it now.

[target]

As of the past few days, the market is experiencing a drop down in price massively from majorities of the Crypto currencies.
After BTC was able to spike to over $108k, for the consecutive three days according to my observations the market is dropping massively....
Major ALTS and Memecoins also are feeling the heavy impact... Including PEPE, DOGE, ETH etc.....

It is clear that the Bears are winning now and the red candles are the dominants of the Crypto market.

Could this be the beginning of the bearish season?
Or this is as a result of the Christmas Celebration which is coming few days from now???

Ur thoughts

I had no doubt that this month was a month of retracement in the price of bitcoin and will be followed for sure by other top altcoins in the market. And this is probably a preparation for the upcoming 2025 next year in my opinion.

And this is also a good opportunity for those of us who are implementing dca in the cryptocurrencies that we are currently saving, right?
or even in bitcoin that is saving it now.

The market relies on BTC bull run. The altcoin market hasn't yet reached the bull peak but because BTC has already been there, this could just be the start of the bear market. The bears didn't even wait for Trump to sit on his office.

This I think is because of the FED announcement right?
This will make people sell this time and they be regretting if the price suddenly retrace back to bullish. If this is a bear trap, dumpers gonna burn.

[Baofeng]

As of the past few days, the market is experiencing a drop down in price massively from majorities of the Crypto currencies.
After BTC was able to spike to over $108k, for the consecutive three days according to my observations the market is dropping massively....
Major ALTS and Memecoins also are feeling the heavy impact... Including PEPE, DOGE, ETH etc.....

It is clear that the Bears are winning now and the red candles are the dominants of the Crypto market.

Could this be the beginning of the bearish season?
Or this is as a result of the Christmas Celebration which is coming few days from now???

Ur thoughts

I had no doubt that this month was a month of retracement in the price of bitcoin and will be followed for sure by other top altcoins in the market. And this is probably a preparation for the upcoming 2025 next year in my opinion.

And this is also a good opportunity for those of us who are implementing dca in the cryptocurrencies that we are currently saving, right?
or even in bitcoin that is saving it now.

Yeah, it just matter of time that we will have a retracement. But I will say that this is totally unexpected. I mean we've seen the price hitting $107k already and we are in that bullish momentum.

But one announcement for the Feds suddenly change the aura of the market as he created panic or at least he extinguished the idea of the incoming President that Bitcoin will not be a national reserve for them. Nevertheless, I still think that we can bounce back from this, lowest of $94k, but now we've made some headway around $96k.

[Rruchi man]

Or this is as a result of the Christmas Celebration which is coming few days from now???

I think the red candles dominating the market currently are because a lot of people are selling off a lot of their coins so they can have a good time with their family in this festive season, not just Christmas because not everyone is a Christian. There are people who have never sold their coins since the beginning of this year; they waited till the end of the year as a time to reward themselves. I think that is totally appropriate for the level of discipline they've shown throughout the year.

[Mia Chloe]

As of the past few days, the market is experiencing a drop down in price massively from majorities of the Crypto currencies.
After BTC was able to spike to over $108k, for the consecutive three days according to my observations the market is dropping massively....
Major ALTS and Memecoins also are feeling the heavy impact... Including PEPE, DOGE, ETH etc.....
It is clear that the Bears are winning now and the red candles are the dominants of the Crypto market.
Could this be the beginning of the bearish season?
Or this is as a result of the Christmas Celebration which is coming few days from now???

For real the pull back  momentum I experienced on the chart a couple of hours ago for bitcoin was definitely wild. Like in just a couple of hours not even up to 72 hours we have a drop form 108k down to around 95k before proceeding actually pushed back up a little.
I wasn't very much surprised when I checked the summary of chart direction and discovered that many other crypto currencies including Ethereum also experienced same huge pull back. People are still speculating if this could actually be the main pull back we've been anticipating.

[MUGNIA]

hoping this is just the effect of Christmas, not because the bearish is already in sight, there has been no profit taking because we are still hoping for Trump's inauguration later
if this has indeed entered a bearish period, we can only be patient and wait for the next 4 years

[ZAINmalik75]

As of the past few days, the market is experiencing a drop down in price massively from majorities of the Crypto currencies.
After BTC was able to spike to over $108k, for the consecutive three days according to my observations the market is dropping massively....
Major ALTS and Memecoins also are feeling the heavy impact... Including PEPE, DOGE, ETH etc.....

It is clear that the Bears are winning now and the red candles are the dominants of the Crypto market.

Could this be the beginning of the bearish season?
Or this is as a result of the Christmas Celebration which is coming few days from now???

Ur thoughts

You don't know the actual reason behind this dump? It was due to the the statement made by the Powel. He said Fed can't invest in BTC because the policy avoids them. This was bearish news and people bought it and sold their BTC market dumped but the buyers were bullish they bought it even before it could reach $90k.

This was not the start of bearish season it was just a dump due to manipulation we can say and then recovered back to $98k and $99k too. Bull run has not yet finished those who have the big picture of the market they know for the next 6 months there will be no end of bull run.

[electronicash]

As of the past few days, the market is experiencing a drop down in price massively from majorities of the Crypto currencies.
After BTC was able to spike to over $108k, for the consecutive three days according to my observations the market is dropping massively....
Major ALTS and Memecoins also are feeling the heavy impact... Including PEPE, DOGE, ETH etc.....

It is clear that the Bears are winning now and the red candles are the dominants of the Crypto market.

Could this be the beginning of the bearish season?
Or this is as a result of the Christmas Celebration which is coming few days from now???

Ur thoughts

You don't know the actual reason behind this dump? It was due to the the statement made by the Powel. He said Fed can't invest in BTC because the policy avoids them. This was bearish news and people bought it and sold their BTC market dumped but the buyers were bullish they bought it even before it could reach $90k.

This was not the start of bearish season it was just a dump due to manipulation we can say and then recovered back to $98k and $99k too. Bull run has not yet finished those who have the big picture of the market they know for the next 6 months there will be no end of bull run.

looks like the price going up again. we couldn't be sure whether this is the start of bear market but bull however is also slowing down which i can understand why there is going to be doubt about what could happen to the prices when a dip like this begins to happen.

momentum indicator seem to be pointing the price to go up specially in the 4hour chart, i would really believe the price will drop again to 92k before the momentum stabilizes and rise up gain. this is jsut my opinion. you may have something different in your chart though.

[0t3p0t]

Well, this is just a correction after Bitcoin reaching over 110K so altcoins are also influenced by the drop resulting in the red on overall market it doesn't mean bear market kicked or anything like that. We still have time on this bull cycle so we can expect the price starts stabilize and then rise and then correction and so on.

Yeah definitely just a healthy correction and it's all natural as I can see on chart it is still in the golden zone so no need to worry about for now. What I really can say is that this is the best time to prepare for the official takeover of president elect Donald Trump as his administration is pro-Bitcoin so maybe it will again make new ATH during his admin and I know everybody does not want to miss this.

[Z-tight]

I don't think the bear season is close for bitcoin and i also don't think it has to do with the holiday season, the correction was expected, it was predicted to happen and it did. The fall had something to do with the fed cutting interest rate and also the forecast for 2025, however, we should not be so worried about the fall in price because BTC will rise above $100k soon.

[Zed0X]

Could this be the beginning of the bearish season?
Or this is as a result of the Christmas Celebration which is coming few days from now???

Between the two, the latter is more likely the major reason. Since fiat (digital or physical) is still the most preferred payment option for businesses around the world, many are forced to convert (manually/automatically) their BTC/alts to purchase stuffs for the festive season.

[sampoerna]

It is clear that the Bears are winning now and the red candles are the dominants of the Crypto market.

Could this be the beginning of the bearish season?
Or this is as a result of the Christmas Celebration which is coming few days from now???

Ur thoughts

Be calm down mate.
Previously, the market was so drastic and even the price of BTC just printed a new ATH of more than $108k, and after that it immediately slammed to a price of $92k. and this is actually quite reasonable, because after a very significant increase, there will be a correction for reasonable market activity. and although all altcoins also fell because they followed the movement of the BTC price, it does not mean that this has become a bearish season. I still believe that the peak of the bullrun has not occurred and am still waiting for at least Trump's inauguration to occur for the BTC price to be much higher again. it's just that the market correction is very reasonable, and there is no need to be alarmed. the proof is that the price of BTC is currently starting to rise again and is already at a rate of $97k again, so get ready to always experience this kind of roller coaster if you enter the crypto world. because there are always market fluctuations, both those that occur with small to large corrections or in like this