What do you guys think about this downtrend we’re seeing? Is it a big deal in the overall crypto picture, or do you believe we’re still in a bullish phase?
I get that we can’t just keep going up forever, but how can you tell when we’re actually in a bear market? Like, are we already in one, and we just don’t realize it yet?
Things are going on are better than what happened in March 2020 with WHO announcement on the Covid-19 officially as a pandemic. Now things are better than 5 years ago, but you can check the price chart backward to see how Bitcoin price moved upward after March 2020.
Trump tariffs 25% on Mexico, Canada and China caused mass shocks on all markets globally, but those markets will recover with time. It can be V-shaped recovery or something else but markets will recover, and I think Bitcoin market has yet topped up in this cycle.
2025 will still be a bullish year for Bitcoin, before it completes this market cycle.
https://charts.bitbo.io/yearly-candles/
No one really knows how long this bull run will last, but what I do know is that whenever Bitcoin hits a new ATH, a correction usually follows. For this bull cycle, we've already hit that high, so a correction seems likely. But I don't think this current drop is the correction we're expecting as I feel like Bitcoin might climb even higher before the real bear market hits.
So if you're panicking right now, don't. This dump, caused by Trump, might flip into positive news that sends the market in the opposite direction. Just relax and accumulate if you haven't already.
Oh, yes I think we're still in the bull market. I'm least perturbed with the current dip, to be frank. I'm sleeping with both eyes closed. I expected a dip a week after the swearing in of Trump but couldn't place a finger it could be orchestrated by Trump's hard stance on the economy. I was thinking it would be investors just taking profit. It's beyond that now.
Anyway, Bitcoin is recovering from its dump after losing around 5% in less than 24hrs. Early this morning it went down to $92k+ but it has spiked to $96k now. In no distant time, it should be back to the $100k range once again. Until Bitcoin does more than double of its 2021 ATH I won't start thinking that the bull season had ended. I won't even give it a second thought.
Right now price dropped back to 92k USD and is climbing back up again.
Sudden changes in price is common in cryptocurrency and something that we should be accustomed with. I feel there is a large number of weak hands currently buying at the <100k USD level and selling it off immediately as the prices start shaking.
I would rather hold through this downtrend because we will be going up soon and if we dont, just buy more bitcoin.
This is a temporary set back or downtrend market always need some retracement foe a healthy movement. Ive seen a huge crash like this, but it can be recovered once a narrative has been set again. Right now were waiting an epic season where all tokens and coins are gonna pump which is called an alt season, but believe me some says it wont happened. I heard it before during 2021 that nothings gonna happened and look what happened after. A major uptrend that leads to one of the best altcoin season.
With no technical research to back this up, I always say bull cycle lasts in Bitcoin for 18 months max. Its just the way the cycle lasts every time. You have halving, and then about 1 year after that. And if we count from halving, then we only have a few months left
But I know most people are expecting ATH in 2025. Since it happened before already a new ATH after one, in 2020/21. But the charts also tell us 2 ATHs already happened this cycle
I think what is happening in this instance is fear of losing out and not that it is a significant fall because it was bear season. Usually, during the expectation of a bull spike, the whales cash out and expect to buy back from below and so the weak hodlers too fear and also use same measure to run out from the market. It was the Trump inauguration that hodlers expect to push the price up but since that didn't happen instantly, they panic to sell out. So this is the tradition but price will yet recover.
Yes we can't be riding the bull all through, there are times in a year that the move is up and at other times it is down. The ultimate way to know when the bear is expected is when btc price has doubled from the previous ATH. I think we were at $74k before this bull and btc has only covered $105k this session. I still expect that it will have a support to rise back to 6 digit level.
The bear market of Bitcoin is likely to start fully after this year. From price history, the bear market normally starts a year after the halving year.
Despite that the price of Bitcoin have dropped from $109k to $95k at current, it doesn't means bear season have began. From my analysis, we could reach $120k later or sooner, although price can still fail our prediction.
Bitcoin is still unpredictable. Of course, we all want to believe that the bull run isnt over yet because thats what we hope for, but once the rally is over, its over, and theres nothing we can do except wait for the correction to end or for the next bull run to come. I mean, before every bull run we go through years of a bear market. And historically, bull runs dont last forever; eventually, the market corrects, and we just dont know yet if this could already be the start of a bear market.
Breakpoints? Like 95k, 90k, 80k ish. Varies really. Personally I just set up my own personal breakpoints where I think the market would stagnate and if passed, would drop off quite a bit. Tend to wait quite a bit before judging though since some drops usually have those whales buying back up real quickly and that'd result in a really quick pump.
I reckon what we're seeing now is Trump tariffs effect plus a setback that was bound to happen eventually. I mean we were pretty happy at 105k ish for a couple of weeks afaik so yeah, bound to happen. Kind of went down a bit though again, I reckon due to the tariffs announcement.
No one knows how long the bull cycle will last... it's still a mystery no one knows even people say this year is still bullrun it's just that we have to face a correction first... but that's when people don't want a correction as big as this one.
Maybe only in this month bitcoin experienced a significant correction after that there will be some improvement, this is only based on my own analysis even though it is a little uncertain where it will go.
Well. You are right on point and the answer can also be speculated on when the downturn and upturn will last and end.
The current downturn is likely based on the news I read due to the US-Canada Trade tensions. Previously the price of Bitcoin was still at $100k and rose slightly and did not fall below $100k.
I can't answer whether we are still in an uptrend because Bitcoin is currently experiencing a correction.
Not only Bitcoin, but other top coins have also experienced a deep decline. If we see Bitcoin experiencing a 4% to 5% decline, other top coins have been dragged down by tens of percent.
This time is not for the bear market that you are talking about. If there would be a bear market, that should be in ending months of this year like the Q4 and in 2026. People have sentiments for the 4 year cycle. In the past, the years that were full of bears in the past is 2026 in the future. Do not be afraid of what is happening now. Just buy more bitcoin and enjoy the bull run.
The current downtrend now show some people panic with the situation. But we are still in a bullish trend because the price is at more than $90k so it is just a correction for temporary. After this situation, the price will be back to the high price and we will see the next high price.
Yes, we will not always be in the green but we will see the red which happen now. This is a good situation where we have a chance to accumulate more at a low price. The price now is at $96k and slowly trying to increase so we need to more patience.
No, we're not in yet hence you shouldn't be scared but keep accumulating more Bitcoin. When we get into the bear market, the market will be more red and Bitcoin is going to fall more, maybe it might fall closer to $50k and that isn't happening soon. We're yet to reach the peak of the market, the market was too bullish after all that has happened in the last quarter of last year for the top of the market to be barely $110k. We're going to go higher but it wouldn't happen now because if it does happen like now then the market has to go higher than we expected and that isn't what is going to happen. When we're done with the corrections, the market will start pumping again. The dump happening is as a reaction to the new tariffs news and when that's over, the market will bounce back. The bull market usually lasts throughout the next year after Bitcoin halving. We're only in the second month hence there's still time for more growths.
Bitcoin is characterized by four-year cycles. They are tied to the halving and the US presidential elections. Based on this information, the bear market has not yet arrived.
In my opinion, the Bitcoin price has every chance of reaching the level of 210,000 US dollars. A more optimistic scenario suggests that the price will exceed 300,000 US dollars. After that, there will be a serious correction.
At the same time, the Bitcoin market has changed a lot recently. Spot Bitcoin funds have appeared, the inclusion of the first cryptocurrency in the gold and foreign exchange reserves of central banks is actively promoted. Therefore, perhaps in the future, four-year cycles will be replaced, for example, by seven-year cycles.
Some experts generally predict a gradual increase in the Bitcoin price over the next 10 years (with periodic thirty percent price corrections).
Even a drop lower than this is not enough to say we are in the bearish market yet. Many are still anticipating a very high price that can give it a new all time high in a short time from now. I have not really foresee any change that will happen in the market to make it not attain a new heights in the market, it is likely going to record new big price soon.
Some people have some statistics that if bitcoin falls below some certain percentage, its already in the bear cycle and we will see it fall further in the coming days than it shouldnt have. Bitcoin market is very much unpredictable but when you see a bear market, youll know we are into it. There are some prices you dont anticipate bitcoin to reach again when going on an uptrend, if it does fall back to their price, there is high possibility that the bear market is already in.
You will know that bear cycle is currently happening when bitcoin and altcoins consistently drop their prices drastically, but this isn't the scenario now, right?
Bitcoin is still at its bullish cycle. What we have right now is just a price fluctuation. The price will eventually recover. But if this is the start of a correction, then it may take longer for bitcoin to recover. So how much more with altcoins? They become always at threat that some of them won't even manage to recover after.
We are still bullish, just a day ago we're in $92k but now we're back to $120k. Isn't this a sign of bullishness?
You're right that it cannot be green forever and that's why we have to secure ourselves and emotions. No one will never know that we're already in the bear cycle when we're still in the bull run.
But it will be obvious once we already get there.