So Bitcoin's hanging around 87K now, down from 126K ATH. Some are convinced we're in a bear market, while others, including me, think this dip is just a temporary correction before we hit new highs. What’s everyone’s vibe? Are we still bullish?
Bull or Bear Market: What’s Your Take Right Now?
20 replies 367 views
cobra_bullNewbie
Posts: 10 · Reputation: 19
#2Jan 25, 2019, 11:39 PM
We're at 90K and trying to hold this support level. It's obviously bearish in the short term and could last a couple of months. But remember, Bitcoin usually recovers from these drops. We've faced worse before and came out stronger. As long as there's no real FUD, I think we’ll bounce back.
I’m feeling bullish as ever. I was all in when we dropped to 75K, so why not now at 90K? In 2021, we dropped half from 60K to 30K and still soared back up! It’s wild people think this is the end when we’re still above where we were just months ago.
yield_2021Full Member
Posts: 23 · Reputation: 550
#4Jan 26, 2019, 09:08 AM
Honestly, we shouldn’t stress too much about the price. If you’ve got your bags filled, just chill and watch the market. Looking back to last fall when we were around 60K, we’re still trending upward. Panic only if we drop significantly below 64K.
I dunno, the optimism might be off. Not selling my long-term stash, but I’m wary. Just drew a long trend line and it’s been crossed a couple times. We need a solid break upwards, or this could be a bear market trend.
kevin_atlasFull Member
Posts: 56 · Reputation: 589
#6Jan 26, 2019, 03:18 PM
Expecting new ATH by year-end? Ambitious, huh? There aren’t many trading days left to pull that off. I’d rather see stable gains over time than a rushed spike. If I had to pick, I’d say we’re still bullish, but cautiously.
I hate to say it, but I think we might be slipping into bear territory. Was hoping to see Bitcoin at 150K by the holidays!
Technically, this is just a correction. If we stay below -20% from ATH for too long, we could be in trouble. We dropped below that mark on Nov 13th; let’s see what happens by mid-January.
I think we’re still in bull mode, though I get the confusion. But hey, remember when everyone thought we were done at 18K? That mindset could keep us from seeing the next upswing.
The market is a mess, to be honest. Lots of good news hasn't pushed prices up. I agree with the sentiment that we’re in a correction, but some are calling for lower lows.
I’m still on the bullish side. Doom and gloomers pop up every time we dip! They said we were done back at 18K, and look where we are now.
Not sure if a bear market is imminent, but the drop raises flags. Accumulation should be the game plan, and we can ride it out.
calmoracleNewbie
Posts: 26 · Reputation: 38
#13Jan 27, 2019, 11:55 PM
Definitely not in a bull run now. Have a clear investment plan, be ready to buy. It’s realistic to see lower prices again.
We need to see Bitcoin break above 100K soon. Yesterday’s near-95K bounce failed spectacularly. Still holding optimism for a year-end rally.
noty0urkeysSenior Member
Posts: 21 · Reputation: 834
#15Jan 29, 2019, 09:46 AM
Not saying the bull run is over, but no guarantees either. 2021's rebound was thanks to government pumping money into the economy. This time feels different.
Bitcoin always seems to be in some form of correction. I see this as a chance to accumulate before the next run.
miner_whaleMember
Posts: 3 · Reputation: 221
#17Jan 29, 2019, 07:43 PM
The market’s stuck between bullish and bearish. Need to take our time and see how it develops. But hey, Bitcoin is back around 93K as we speak.
Nothing’s certain with Bitcoin. Long-term looks bearish, but it’s volatile. A 50% crash is tough for hodlers, but it’ll bounce back eventually.
2021 versus now is a different ballgame. Back then, cash was flowing. Now, inflation is high and the Fed isn't just gonna print money like before.
True, expecting a bear market when you least expect it is common. Many thought the bull was alive and well while losses began piling up.