Quote from: $crypto$ on February 26, 2020, 10:19:05 AM

Quote from: pooya87 on February 26, 2020, 08:56:51 AM

Quote from: Bossian on February 26, 2020, 07:24:19 AM

I am in the minority here but I doubt this year will be bullish, the trend is still bearish, it has been bearish since we were rejected below 14k last summer.

i don't really see it that way, the trend still looks pretty bullish to me. and if you look at the bigger picture i'm sure you can see it too.
the trend begins from December 2018 when the accumulation starts at $3200 and price stays down and stable with a high volume for a couple of months. then we officially enter the bull market that slowly brings the price up then there are some sudden jumps that lead to a mini-bubble that needs to pop and be corrected. that is the $13880 in June and then we had the correction of that. but a correction doesn't mean "bear market" a correction is a sign of a healthy bull market instead.

Means that the market is currently in a correction where a few weeks before it has experienced continuous pumping or bullish now, in correction what is possible this will continue because the current downward trend is high enough to be honest I am quite worried that bitcoin will not return to $ 10,000 again.
If panic like this continues then there is no good but there will only be doubt to be sold at cheap prices even though this is the right correction to buy at a lower price.

that is simply not possible unless bitcoin suddenly becomes useless! the reality is that the adoption is growing and that alone guarantees price rise specially since bitcoin has a limited maximum supply. everything in the middle is just day traders making profit.
right now since the drop became bigger than expected, we could start calling it a downtrend and it is not possible to know how long it will last since it broke all the previous analysis of the market. but the recovery back to $10k+ may not be fast anymore.