Are we about to enter a the bear cycle?

[hugeblack]

It's unfortunate that all Bitcoin discussions turn into Trump and I remember that the same thing happened 4 years ago with Elon Musk and before that with John McAfee and other names that are added with every discussion. As long as the price maintains levels above $92k, we are still in the same price range and a quick price rebound means that I have a strong resistance level.

[SmartGold01]

No, 109000 was not ATH so we are still in a bull market that will lead the price to higher levels of $110k, the current correction is healthy and beneficial for the long-term trend of the price. You can start to worry if the price drops below $60k.

You are right, but for now since we no other new ATH yet we can say $109k is considered to be higher price till we experience another price new level. Though what we see is just a mere market correction that would create more strength for the market to gain momentum to create additional price, but we can't be sure of the market since the reaction this season seems to be usual and we must not think as before again. Who knows if this 109k would be the highest for this season?

[Mia Chloe]

You are right, but for now since we no other new ATH yet we can say $109k is considered to be higher price till we experience another price new level. Though what we see is just a mere market correction that would create more strength for the market to gain momentum to create additional price, but we can't be sure of the market since the reaction this season seems to be usual and we must not think as before again. Who knows if this 109k would be the highest for this season?

Basically I think the ATH is usually determined based on the most popular or most used exchange rate provider and this is because of the fact that different exchanges and different explorers and portals all having slightly varying rates. Nevertheless the difference isn't that much huge compared to the overall price of bitcoin so most times it's basically considered insignificant.

ATH basically implies as it sounds because the closest we have to a new ATH is a strong bullish move since we seem to be in more of a retracement kind of trend currently.

[LogitechMouse]

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I'm not sure where I stand as regards this, but I'd like to know if we're at the beginning of a bearish cycle?

If you will look at the chart of Bitcoin on a 1D chart, you will see a bearish divergence, and just for context, bearish divergence is when the price of Bitcoin is going up, but the RSI is going down as the price goes up, and that shows bearishness. We saw that "bearishness" a few days ago when the market dumped.

Of course, fundamentals matter still, but if you're expert in TA, you will also look at the charts as well. Will the dump a few days ago signals a transition? I don't think so. For now, I don't see any reason why the market will enter the bear market especially now that we are still in a bull market. Of course, anything can happen still, but the sentiment of the market is still bullish despite of what's happening.

[satpol_PP]

No, 109000 was not ATH so we are still in a bull market that will lead the price to higher levels of $110k, the current correction is healthy and beneficial for the long-term trend of the price. You can start to worry if the price drops below $60k.

You are right, but for now since we no other new ATH yet we can say $109k is considered to be higher price till we experience another price new level. Though what we see is just a mere market correction that would create more strength for the market to gain momentum to create additional price, but we can't be sure of the market since the reaction this season seems to be usual and we must not think as before again. Who knows if this 109k would be the highest for this season?

Bitcoin is predicted to reach a price higher than $109K, although the current ATH is $109K and after that bitcoin has corrected and dropped to its current price of $97K.
bitcoin is likely to experience several ATHs this year.

[SmartGold01]

No, 109000 was not ATH so we are still in a bull market that will lead the price to higher levels of $110k, the current correction is healthy and beneficial for the long-term trend of the price. You can start to worry if the price drops below $60k.

You are right, but for now since we no other new ATH yet we can say $109k is considered to be higher price till we experience another price new level. Though what we see is just a mere market correction that would create more strength for the market to gain momentum to create additional price, but we can't be sure of the market since the reaction this season seems to be usual and we must not think as before again. Who knows if this 109k would be the highest for this season?

Bitcoin is predicted to reach a price higher than $109K, although the current ATH is $109K and after that bitcoin has corrected and dropped to its current price of $97K.
bitcoin is likely to experience several ATHs this year.

I didn't for any day argue or doubt about that Bitcoin price wouldn't go above its previous price level, what most people are doing is becoming optimistic about the price by giving themselves hope that such would likely happen, same thing was acted when before Donald Trump was sworn in into power, there have been several discussions that it would increase aboveground 150k but yet it ended up on 109k after he was sworn and yet there is no much after finally being there instead he went on and launches his memecoin. Realistically we know Bitcoin can reach certain level but we are not sure because we can't see the future price, then what people does is to give random predictions about the price.

[vegasus]

It seems not yet
Because we just don't seem to have reached the peak of the bullish era. and altcoin season hasn't happened yet. so, this isn't a bearish era yet. it's just that the market is really dropping, for some reasons for sure. and consider this as a correction. it's just that the correction that is so deep often makes us have to be more patient. yes, much more patient for that. and believe me as long as the coins that you hold are potential coins, they still have a big chance to go up again.

[Baofeng]

No, 109000 was not ATH so we are still in a bull market that will lead the price to higher levels of $110k, the current correction is healthy and beneficial for the long-term trend of the price. You can start to worry if the price drops below $60k.

You are right, but for now since we no other new ATH yet we can say $109k is considered to be higher price till we experience another price new level. Though what we see is just a mere market correction that would create more strength for the market to gain momentum to create additional price, but we can't be sure of the market since the reaction this season seems to be usual and we must not think as before again. Who knows if this 109k would be the highest for this season?

Bitcoin is predicted to reach a price higher than $109K, although the current ATH is $109K and after that bitcoin has corrected and dropped to its current price of $97K.
bitcoin is likely to experience several ATHs this year.

This is just the start of the month, and even if we fall hard, plenty of room to recover and reach ATH in the future. We shouldn't be negative just because the price goes down to $96k right now that the bears has taken over.

It's just the news recently about the trade tariff that really affected us. As I have said previously, any news coming from the US will have a big impact not just on crypto market, but all financial markets as well. So it's not like we are the only victim of the current trend, every market is affected by it.

[Marivic27]

This is very obvious, but yeah, the crypto market has been seeing very significant volatility lately, especially with Bitcoin's price dropping below 100K, it even gotto around 91k at some point,  I stand corrected but that has to be the lowest in like 3 weeks if not a month.

There are people suggesting that this might be as aresult of a lot of investors having concerns over a global trade war, mostly because of trumps recent move around imposing tariffs on imports from Mexico, Canada, and China.

I'm not sure where I stand as regards this, but I'd like to know if we're at the beginning of a bearish cycle?

Well there is a lot of reason for a bear cycle to happen, and it is not predictable , the dropping of price is a normal thing for crypto is very high on volatility, i believe that there is bear season but mostly we will experience a huge dropping of crypto coin price before we know that we are in a bear season,.

[SmartGold01]

No, 109000 was not ATH so we are still in a bull market that will lead the price to higher levels of $110k, the current correction is healthy and beneficial for the long-term trend of the price. You can start to worry if the price drops below $60k.

You are right, but for now since we no other new ATH yet we can say $109k is considered to be higher price till we experience another price new level. Though what we see is just a mere market correction that would create more strength for the market to gain momentum to create additional price, but we can't be sure of the market since the reaction this season seems to be usual and we must not think as before again. Who knows if this 109k would be the highest for this season?

Bitcoin is predicted to reach a price higher than $109K, although the current ATH is $109K and after that bitcoin has corrected and dropped to its current price of $97K.
bitcoin is likely to experience several ATHs this year.

This is just the start of the month, and even if we fall hard, plenty of room to recover and reach ATH in the future. We shouldn't be negative just because the price goes down to $96k right now that the bears has taken over.

It's just the news recently about the trade tariff that really affected us. As I have said previously, any news coming from the US will have a big impact not just on crypto market, but all financial markets as well. So it's not like we are the only victim of the current trend, every market is affected by it.

The bear hasn't taken over yet maybe historical this month can be proven to be bearish, I like I know after this month we may likely see strong movement on the price, before we reached Q2 to end of Q3 there could be something positive towards the price, just that it's normal for a correction to take place.

[erus]

~snip~
I'm not sure where I stand as regards this, but I'd like to know if we're at the beginning of a bearish cycle?

Guessing Bullish and Bearish is the same as guessing how many sharks there are in the ocean, it is very difficult and we do not know when the Bearish will occur.
There are also so many sharks in the ocean and cannot be counted so I am sure that Bearish cannot be guessed accurately and only relies on charts from what has happened before.
Currently I only hope that Bitcoin will break through the price of 120,000 dollars because if there is a severe Bearish or Dump, the price of 120,000 dollars is divided into two, around 60,000 dollars and many are afraid that if the Bearish can Dump to below 32,000 dollars.

[martinex]

The bear hasn't taken over yet maybe historical this month can be proven to be bearish, I like I know after this month we may likely see strong movement on the price, before we reached Q2 to end of Q3 there could be something positive towards the price, just that it's normal for a correction to take place.

By always monitoring the market we will find the gap because I see the same pattern Q1 is identical to a decline and Q2 the market will rise again. But tonight it looks like the market will act again because Jerome Powell will discuss the economic outlook and future monetary policy.

[dave_strider]

By always monitoring the market we will find the gap because I see the same pattern Q1 is identical to a decline and Q2 the market will rise again. But tonight it looks like the market will act again because Jerome Powell will discuss the economic outlook and future monetary policy.

Seems like a good precedent to look after.
And we surely will see a big move upward in the future, not bearish at all.

[bayu7adi]

Estimates based on the BTC halving cycle chart, then around February 2025 and March 2025 will be the last months for cryptocurrency to be at its peak....and April 2025 is 1 year after the halving, based on the halving cycle, it is the final bullish moment before entering the bearish market....

So, it's a good idea to start preparing for the bearish cycle to come, because the incident will definitely happen suddenly and cannot be predicted.

[Bobcrypto]

There are people suggesting that this might be as aresult of a lot of investors having concerns over a global trade war, mostly because of trumps recent move around imposing tariffs on imports from Mexico, Canada, and China.

I'm not sure where I stand as regards this, but I'd like to know if we're at the beginning of a bearish cycle?

I don't know how this effects the crypto market if anyone care to explain, as I also heard the same reason that due these trade wars market dumped I mean how this have direct impact on the price of BTC.

I might not know the real reason for this dump, but I do know one thing for sure, and that is this is not the start of the bear cycle, as I believe Feb and March are also bullish months, but this time, they are speculated by a number of people maybe that's why we are not seeing any big moves yet.

Economically speaking, Wars, trade wars, Speculations(negative), Natural deserster, market supply from certain countries or individuals, circles( Bitcoin circle) etc has the capacity to affect market prices; whether stock, community, FX, Bitcoin etc.
In simple terms, a heavy supply of bitcoin entering into the market can cause a big dumps, the same situation happens to price if there is war out break, or trade wars between countries, just similar to the current economic trade war between the US and some countries.
You see, when there is war/trade wars, there is fear and uncertainty of the market prices, and because of these uncertainty, people start panic selling, there by causing serious markets dumps even as these wars escalates.
I will explain further on other factors if needed.