The excitement around Trump seems to have died down for Bitcoin

So, when BTC hit around $78K, it shot back up after Trump said the US might treat crypto as a national reserve. But now, the price is slowly going down again, and it seems we could dip below $80K soon. What are your thoughts? Are we moving towards a bear market?

Yes, we are heading to bear market? What's so bad about bear market, or do you think we will remain bullish forever? Before Trump's effect there was bitcoin, after Trump effect, there will still be bitcoin. Remember we had Elon's effect and today it's no more. No matter what happens, bitcoin will complete it's cycle. In as much as we have not fallen before 70k, we are still in the windows of bull market.

Technically we can call it a bear market, because from the high of $109k down to $80k again or even lower. However, if the cycle continue to repeat itself, this year could still be considered as a bull market. Although it might not be the same pattern as 2021, wherein that time, March was really the third highest gains that we have that cycle, this time it's very different. But if you have to think about it, we have a new all time high even before the halving, so that is a first and maybe that really change the pattern this 2025. With that, we should be expecting that there will be some humps along, but eventually before the end of the year, we will see a good massive growth, wrapping us this bull run with a all time high around $150k or higher.

I also want to believe that we're not yet in there. There's so much to happen for this year I think and we're yet done. The cycle prolly has been completed for some reasons if it's with the analysis of the bear people. But I am not yet convinced unless with what you've said, it falls below $70k. Is there some historical charts that every March we get to see these falls?

If youre bitcoin lover than it doesn't matter really. Always try to become investor not a trader. If youre acquiring btc under 80k it's cheap to have. Just focus on bitcoin. Everything is on Oversold position. Don't you think in this cycle everyone is expecting a bull run, that's why market is behaving like this so everyone takes their final exit

As I reply this, the price is below 80k and that is a big deep. I don't study the chat well but my friend who does have already sent me a signal showing that this massive correction is expected. But the question of having a big move, I am sure that 150k and even upto 300k is still obtainable this year. Take it this way, if last bull run could pump that much, let alone this time around the ETF and Trump effect came to play, there would definitely be massive movement, it will surely happen before we rap the bull season.

What I think about all this is that the hype around Trump and considering Bitcoin as a strategic reserve have faded down just after that summit. I don't know how long it will take for people to just totally forget about him and what he can do for Bitcoin because Bitcoin doesn't need him to survive. Asking if we are heading up the bear market, that will depend on how low the market will drop. If we see the market drop still on the range of $70,000, that means we are still on the bull market until we go down below $70,000. That's when I will completely believe that we have entered a bear market. market.

For the past four years, this month has generally been positive, so hopefully, it stays that way. No need to panic just yet, we still have plenty of days left. And remember, Bitcoin dumps fast, but it also recovers just as quickly. https://www.binance.com/en/square/post/20941816203841

People expected US to buy bitcoin and also add the stolen coins among to make up the reserve. Also to buy more bitcoin later. But what happened was that only confiscated coins will be used as the reserve. People were disappointed and the reason for the bear market.

We've hit $80K already, so anything below that price won't be a surprise at all. The last two days has been quite frustrating, as the market have refused to make a good move. I had too many expectations in the summit that was held at the with white house on Friday, but it literally ended up not making any impact. I can't really say that we are heading towards a bear market, though the recent liquidation is not helping matters. The problem now is that one man's influence is already having too much impact on the market and price. We can also be bullish at any point in time.

They can't really be the top holders if they're just keeping the confiscated coins. But the fact that they’re considering it as part of their reserves is already good news for the market. I don’t think that’s the reason Bitcoin looks bearish right now, this could just be the correction we didn’t expect since many were too focused on the hope that Trump’s recent statements would push Bitcoin past its all-time high. Let’s just observe if it drops further because I believe the major support is around $70K. If we break that level, then it’s pretty clear we’re in a bearish market.

Yeah the initial pump after Trump’s announcement was strong but it seems like the excitement has cooled off. Market reactions to political statements are often short-lived unless followed by concrete actions. The price movement has been struggling to maintain momentum above $80K and we’re seeing some selling pressure. I can’t say for now if it is heading into a full-on bear, it feels more like a healthy correction rather than the start of a long-term downtrend.

that could be the case or maybe bitcoin and its strategic reserve news already priced in ever since long ago before inauguration so it just become sell the news instead of excited rally? I think that could be the case as well. I think the tariffs war also play a huge role here in underplaying trump's announcement of crypto national reserve, can't go a day without the news about tariff these days. the big countries just trying to wreck the market.

We need to wait and see. Nothing else to do anyways due to the market changing from up to down, it's natural for it

Are we not aware that the Bitcoin market is volatile in that when the price rises it is also potential to fall? Come on... Let us not keep having this naive of sentimental whenever Bitcoin price pumps and falls. Even at the bull run event we can not feasibly see the candle like on steady greenish when investors of Short term and FOMO Investors are all sell off their holdings coupled with the current scamming attacks on the exchanges which has affected the crypto markets at large. We also don't expect much from Trump in this Bitcoin industry because the potentialities of Bitcoin is not pegged on him. Moreover he is not the only one influencing the market pumps but also the large institution investors. Even us the plebs has influence in the Bitcoin ecosystem as I must say.

It is hard to imagine, I just feel that there will likely be some event or news that will reverse the market in a bullish direction. The expectation we had about Donald Trump has dropped because it is clear to us that his interest and focus is not only on bitcoins. The downward movement of bitcoins cannot continue forever, at some point, thing will change.

The patient dog eats the fattest bone. We may be in a bearish period but we'll definitely see turnarounds. It's not the time to start entertaining fud and panic sell. Trump's actions may look as if Bitcoin is not in the cards but then again it's a matter of whether it's Trump that holds all the cards when it comes to the growth of Bitcoin or not. With time, we'd definitely see new price changes and dare I say that we'd see a new ATH but it may not be as a result of the decisions of the US president.

Usually such events tend to go off like dominos, so the only thing left is to wait for them.

What could that news be? Because just recently, Trump’s announcement about crypto reserves was already bullish news, yet it wasn’t enough. It pumped for a moment, but then it went right back to the bearish trend. The good news is that it’s holding up, it hasn’t fallen below $80K. But the real question is, how long can it stay at this level before either breaking out or finally giving in?

We should not let the market manipulation swipe us away of our assets from us by the way of this Trump coin and it's intention on national reserve, if we are going to look more critically to the situation, then we will see that the first thing he does was to launch a meme to recover the loss and debt owing for the purpose of the concluded election, also, some crypto miscreants are also taking advantage of all these to manipulate the market in other for them to make money.