If this expert is right, we might be experiencing the shortest bear market in Bitcoin history. Is that the case for the whole crypto world too?
Is the Bear Market Really Over?
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shard_2013Full Member
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#2Jan 26, 2017, 03:34 PM
Honestly, I wouldn't just take his word for it. We really can’t confirm if the bear market has ended or if Bitcoin can even hold above $70,000.
satoshi_apeNewbie
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#3Jan 28, 2017, 08:40 AM
Just saw Bitcoin drop again to $99k. Clearly, that $70k prediction is off. I'm thinking it'll keep sliding, maybe even hit $60k.
wildoracleMember
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#4Jan 28, 2017, 11:13 AM
I wouldn’t say it’s over yet. If more bad news drops, panic could set in again and push prices down.
SilentHodlerMember
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#5Jan 30, 2017, 03:35 PM
It’s too early to declare the bottom. We’re still in the early months of the year, and I’m betting on a dip down to around $50k by year’s end.
cobra_bullNewbie
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#6Jan 30, 2017, 08:04 PM
I only trust analysts when they're spot on most of the time. No one can truly predict the bottom without knowing if holders will sell or hold.
Right? If you make one prediction and it hits, congrats, but I stopped trusting these forecasts ages ago.
5tack_2014Member
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#8Jan 30, 2017, 10:52 PM
We can’t really know yet. It’s all speculation at this point about how long the bear market will last.
Yeah, only time can tell. But we’d all prefer a quick end to this bear phase, right?
fox_rock3tMember
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#10Feb 1, 2017, 07:23 PM
I don’t get how people think the market’ll just keep dropping without some pullbacks. I think we’ll see a reversal soon.
quantumguruNewbie
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#11Feb 2, 2017, 01:43 AM
Honestly, we might still dip below $60k before it stabilizes. No one knows where the bottom actually is.
Analysts can mislead for profit. They’re not always right. The same David Duong predicted institutions would be bullish last year, and that didn't happen.
There isn’t much in the article backing his claim. I think the trading volume could indicate we hit the bottom at $60k.
Speculation is everywhere. Bitcoin has trends we can recognize, but we shouldn’t trust everything analysts say.
We had a crazy bull run before the halving, so I guess a short bear market makes sense, but still just theory.
What if the sellers already sold during the previous bull? Then maybe this bear phase could end at $60k.
Let’s be ready for surprises. The market's in a consolidation phase now, and it could swing either way.
chris.novaMember
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#18Feb 3, 2017, 01:24 AM
I agree with that. Holding onto our crypto feels like the best strategy right now.
I think the four-year cycle might be changing, but that’s just my opinion. The usual patterns might not apply anymore.
Nobody knows for sure. Negative news could still plunge us down. Let’s just keep our eyes open.