Post
Topic
Board Speculation
Re: Is Bitcoin Bear Market over?
by
rodskee
on 23/12/2023, 03:47:51 UTC
Broke 45K level and sideaway in that level and I would consider the bear market is over and the bull market is coming. but if we look at the chart we can still pretty much down to 40-35K level again or even worse like 30K level.

There are no signs of bearish market currently, not even a sharp pull back is indicative. There might be a slight correction especially during the traders are shorting, but that won't be enough to drag down bitcoin to $30k level. $35k vaguely gonna happen.
I have seen a lot of people in social media being optimistic and bullish towards the halving. That would be enough reason to hold bitcoin at $40k and might play around $41k - $50k before the actual halving. Then the post halving will most probably going to be another huge run.
if this is about 2023 then yeah for me it is also impossible to even drop to 35k because it is
strongly holding the above 40k wee before the year ends , but when January comes and yes with the
coming of Bitcoin halving , I believe that things will change and may experience bad dropping for
preparation in the coming bull market after the Halving.