Quote from: EdenHazard on Today at 11:47:17 PM

Quote from: Maslate on February 19, 2022, 11:15:06 AM

Quote from: STT on February 19, 2022, 12:15:18 AM

People keep saying bear market but I dont think it is, its an epic pullback but welcome to Bitcoin this is what happens not just once but very often as it is a volatile asset. The main reason we pull back so far is same dynamic as a boiling something over on your stove, it overheats and expands massively with alot of froth; however the underling levels for BTC are far more modest then the highest prices.
So here we are pulling back again, Im not going to say its a bear market just because we wont go up this month maybe not even next month. I think we lost the trend up we just had, its gone unless we regain these current losses before the end of Sunday weekly candle. Patience is key, the lowest prices have far greater confidence to their prices level and often more volume exists in these areas.

Indeed, the market is still healthy despite the huge full back. From $70k down to $32k, that was not enough to call a bear market. It is just how these doubters will think negatively once seeing the downside. This is not new to us but many were still not able to understand as they only know that every drop will lead to bear season and apparently, it was a big mistake and wrong market presumptions.
The market still floating $38k-$41k, corrections have something to offer us and that is giving us a chance to buy more.

Then you think at what price range bitcoin price could be considered as bearish? 70k to 10k? The fact that bitcoin price has fallen half of it since the all time high back in few months ago.
We have been in the down trend since nov 2021 and my support line are at 29k .

If we passed down below that line , i think it could be mean a disaster for sure. 10k is near .

I don't think we will go down to that 10k price level anymore.
$30k maybe, but it would need a negative news why we are going that low.
The bearish or bullish category in the market is actually vague for me.
It depends on what price level you are in reference here.
And for every person, they have their own level of bearish or bullish market.