Quote from: KaliLinux on July 29, 2022, 05:51:24 AM

Quote from: pawanjain on June 30, 2022, 04:11:56 PM

Bitcoin may not go all bullish until 2023 but it will definitely take us out of the bear market.
What it basically means is that we will soon see a bottom of bitcoin price and then start rising upwards.
But we will face many corrections inbetween and it will take quite some time to go back to the ATH level.
May be by the end of 2023 we can come out of the bear trend completely and start going bullish in 2024.
That's what I think and things can go differently ofcourse.

I can relate but I don't think we will be out of the bear market until we are actually out of the bear market. What am I saying, if you look at January- march 2022 when this market was already in a dip, we could have believed that there is a reversal in play as BTC price went from around $33k+ to $48k+ and after that, the market started declining again. So, even what we are seeing now with BTC price might be the same and this is expected with price action even in Bull season, however, I do agree that the market might not see a new ATH until after the BTC Halving.

As I was saying earlier, we can see the signs of a potential recovery as bitcoin is currently trading around $23500.
There might be a chance that $20000 could have been the bottom of bitcoin if the price sustains the current levels.
In that case we might see repeated corrections with the price of bitcoin upwards in every correction.