Quote from: gunhell16 on Today at 03:30:14 AM

Quote from: KFC786 on November 20, 2023, 04:32:33 AM

Hi guys I was wondering that Bitcoin crossed 37000 dollars is there any chances that Bitcoin bear market over and we might see good greeny day.
What are your thoughts 🤔💭

My direct answer is yes, the bear market is over since each Bitcoin becomes 35k$, so the market is really bullish on what is happening now. What I even see there entering January early 2024 is that the price value of Bitcoin may range between 42k and 50k$.

But it depends on what happens with the updates in the crypto industry.If the news we hear and read is positive, before the end of this year, the price of Bitcoin that I mentioned will reach immediately.

Are you saying that if we have no positive news and only negative news, we will return to a bear market? If you still think that the market's movements still depend on upcoming news, how can you say that the bear market is over?

To me, the bear market is over even if we have more negative news. I mean, the market will have to correct if there's bad news but it won't be dumped as big as what happened in 2022. Bitcoin will not be able to fall below $25k so it cannot be said that bear season will return. Bear season is truly over even if bitcoin doesn't hit $40K this year.