Post
Topic
Board Speculation
Re: Bye Bye Bear Market :)
by
salad daging
on 14/10/2023, 14:46:08 UTC
To be honest we should probably assess market moves lot more to be sure if bear market ends or not. I hope bear market was ending around late August but I was proven wrong. I also check indicators regularly but in my opinion global crisis around the world also badly affected Bitcoin demand. People do not want to be early buyers to be left bagholders when we are in recession. I feel that 2024 will solve many of our issues.
Try to see how the market is moving whether it is signaling bearish or more likely to be long-term sideways? The bearish is still not over as evidenced by the fact that it is still difficult for us to be at the $30K level breaking through that price resistance is still difficult and I would say it is still very far away to return to bullishness.

The current year will not be more than $50K is my guess, as long as you predict in a certain month for example and in 2023 then the bearish will not disappear this will be in the low range until the next few months.
You might look at some indicators to determine which way the market is moving? I don't think about that, because basically after the halving it's going to be a lot of talk whether it's bullish or it's going to be a bit of a recovery, but yeah my guess is the end of 2024 which a lot of people are predicting the same thing.