Quote from: Cointxz on Today at 03:07:50 PM

Quote from: fanya on May 01, 2025, 11:05:10 AM

What do you think about a bear market? Could it reach us? What do users who have been following bitcoin for a long time say about a potential bear market? What is the current pattern and what are the important indicators?

Are we in a bullish stimulus overload right now?

Because there’s no reason to become bearish unless you short Bitcoin without doing technical analysis.

The current price even the recent low is still above the previous ATH on the last cycle that’s why it’s very hard to become bearish if the price is performing great.

In addition, Big companies such as Blackrock, Microstrategy and more ETF provider company are investing on Bitcoin including US government. Only peanut mind will think that the market will be bearish if big player is already investing on it.

Today we have the fact that bitcoin has been below $100k for almost 90 days, but then bitcoin has shown good upside action and we are almost at $100k again in early May. The accumulation phase below $80k is over and now we should be more optimistic about the return of $100k for bitcoin price, it will take some time until days, maybe.

Of course the current price is still above the ATH in its last cycle in 2021, but what is expected is that bitcoin can print a new ATH again surpassing the previous ATH hit in January. I am more optimistic about the market growth if the $100k resistance can be broken during this weekend, but a small correction is certainly still difficult to avoid and this could make the $100k resistance take longer to break.