Bitcoin Down 3%... Steem Down 12%... Ethereum Down 14%... Are Cryptos in a BEAR Market? by msg768

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· @msg768 · (edited)
$4.37
Bitcoin Down 3%... Steem Down 12%... Ethereum Down 14%... Are Cryptos in a BEAR Market?
![](https://steemitimages.com/DQmSKFefdEjo4UPvw4yWuLENwc4B9xa2TMNJZAzKasJtQCc/image.png)

##### Is bitcoin going down?
In my opinion, if bitcoin doesn't make a higher high, and instead makes a lower low, we've most definitely entered a medium-term downtrend which will probably last for at least a couple of months.

##### Is this going to become a bullish flag?
Whether this downtrend is going to accelerate or not or whether it's going to remain in the current pretty tight range and turn into a long-term bull flag, is the main question.

##### Where's the next support?
By looking at this chart however, I see a lot more selling which tells me that the price is currently going to most likely make a new low below 2000, perhaps around 1750 and then bounce off again.

![btc-usd.png](https://steemitimages.com/DQmTEHAFr87soTTYB1ABkqB3k4AyzK9QV2rPAFsgwwoPnJh/btc-usd.png)

##### What about the other cryptos?
Since bitcoin has become the standard cryptocurrency and the benchmark by which all the other cryptocurrencies are measured against, One would only assume that the other cryptos are also going to continue to go down in the meantime.

##### Can bitcoin become 1000 dollars again?
Could bitcoin fall below 1000? Anything is possible but I would expect buyers to come back in at around 1000 if the price ever falls back to the psychological 1000 level unless something significant and game-changing happens.

##### Don't forget to leave a comment!
Let me know what you think guys and if you like my thoughts, and agree with me, make sure you share this information with your friends. :]


---

#### <center>Don't forget to <code>UPVOTE</code>, <code>COMMENT</code>, and/or <code>RESTEEM</code>!
#### <code>FOLLOW ME</code> ⇿ @msg768</center>

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<center>![STEEMON-.png](https://steemitimages.com/DQmZvY4X1QceyuSGXTMRAkkwxjw2hQK33A2ADYZUc2S6mgf/STEEMON-.png)</center>

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👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
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@wthomas ·
Ohhh Steem on sale?? I take these opportunities to buy instead of selling.
👍  ,
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@eltooni ·
Yeap and i would probably be smiling while doing it :).
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@qwasert ·
👍
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@steemboys ·
Exactly, wthomas!
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@chiefmappster ·
If you look at the top bitcoin accounts, they are owned by the FBI, CIA, and NSA.  They plan on using their bitcoin to track people and for economic warfare
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@globocop · (edited)
Where is your faith? 👼  LOL
People watch the market way too closely, often movement is over interpreted in my view. Let it be - Buy low...
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@firstamendment ·
I think a question worth asking, what exactly does it mean to buy low?  Is bitcoin backed by anything?  How does one know what low is?
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@globocop ·
I am not an expert. Probably worth if you put it into a top post and ask the question...
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@behemoth18 ·
I personaly think this is the best time to buy or at least hold! i'm sure cryptos will rise again VERY soon!
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@arckrai ·
People can make some huge profits at the moment.
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@msg768 ·
Dude you're a machine! You're commenting everywhere! LOL :]]] Will you become my bot? :]]]]
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@arckrai · (edited)
I've got loads of time to spare at the moment so I'm just spending it here on steem.
The 'bot' was down for a bit since I was making a post. haha
I will consume steemit
👍  
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@kryptokayden ·
Welcome to crypto :D This is not for the faint of heart. Don't trade by emotions. This is a good opportunity to buy :)
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@eltooni ·
At this time if you see bitcoin taking a fall just smile and invest. The time has come there is no backwards with cryptos they will raise up to the sky. Just use the opportunity to get them cheaper :)
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@mikenevitt ·
Yeah at one point the was red every where, gold and silver where down to don't know if it was a coincidence or something going on. Cheers mike
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@msg768 · (edited)
$0.05
There's never a coincidence in the markets! Everything is manipulated by those who own the most part of the asset. When you can print money as much as you want and get away with it like the bankers do, you can buy anything and own the most part of every asset, whether it's the real asset or the paper contracts and then you get to tell what the price should be, when it should go up and when it should go down!!! :]
👍  ,
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@mikenevitt ·
Spot on. Thanks for your reply mate
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@morph ·
cloakcoin looks up
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@flipstar ·
In my short crypto experience, I witnessed some big ups and downs. Atm I am not worried and wished I had some more fiat to buy.
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@skylineking88 ·
$0.02
If BTC hits 1500 or less buy it up if steem hits 1.50-1.75 buy it up if ETH hits 230-250 buy it up.. this is just big sale to me.
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@garthfreeman ·
$0.41
This too shall pass.
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@urs ·
i buy more,average in.....when was the last pullback....the weekend of 10./11.6.
time will tell...i guess....
i reckon some get cold feets...if you cant sleep because of that,you may have to much invested-or at the wrong time
for myself...could have bought some at a better price...so what thats life,i still gonna have a good sleep.....
hope its not around fullmoon...lol...
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@steemboys ·
Not much of a deal for a longterm hodler :)
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@screenname ·
Re: Bitcoin Down 3%... Steem Down 12%... Ethereum Down 14%... Are Cryptos in a BEAR Market?
<p>This post has been ranked within the top 50 most undervalued posts in the second half of Jun 26. We estimate that this post is undervalued by $74.38 as compared to a scenario in which every voter had an equal say.</p> 
<p>See the full rankings and details in <a href="https://steemit.com/curation/@screenname/the-daily-tribune-most-undervalued-posts-of-jun-26---part-ii">The Daily Tribune: Jun 26 - Part II</a>. You can also read about some of our methodology, data analysis and technical details in <a href="https://steemit.com/curation/@screenname/introducing-the-daily-tribune-most-undervalued-posts-of-nov-04---part-i">our initial post</a>.</p>
<p>If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.</p>
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