Are we now on crypto bull run or this yet to be go down futher more down than 15500?
I will say that we never experienced strong market since the market started having a potential. Right now we can not say that because of the little differences or change in the market of cryptocurrency then i will agree that we directly into the bullish. The bullish season can said when the price of Bitcoin is across forty thousand (40k) in price and it's when we can know the strength of the market. Right now the market can traceback and it's the systematic way of cryptocurrency market regulations. So therefore with this level or stage of the price nobody can agree that we are into the bullish. 
Topic: Are we now on Crypto bull run? - page 16. (Read 2460 times)
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Its well past the 200 day average but here the slower 50 week average might be of more relevance for its slower momentum. What can and does happen quite often is if we outrun a down trend then a pressure is released from the back of BTC and this leads to buoyancy and a rebound upwards. This is too early to call a bull trend as such, dont quite start counting your chickens just yet.
Definitely, it's too early to call this a bull run, it's just the start of the year and many things can affect us, inflation, the war and other black swan events in crypto (like FTX).
So yeah, don't count the chickens yet, we still have like 11 months to go to this to call this a bullish market.
And even if technical indicators like 200 day average have been reach and above it, going to be hard to maintain that level.
Are we now on crypto bull run or this yet to be go down futher more down than 15500?
Depends how you look at it. Bears are definitely sweating and ton of shorts have been liquidated. Technicals are looking good and if you have been long enough in here, you can feel the hope being similar to other end of bears. Most of us being carefully optimistic, some being insanely optimistic. Obviously there are some permabears waiting for their turn to say they were right.There will be more of them looking for shorts but that's going to be a dangerous game..
Answer to the question: no i don't think so. This would be biggest trap ever if it crashed there now.
Yeah, millions and not billions have been liquidated causing the bears to sweat. And it's obvious that they have no control of the market for now. And if my technical indicators are correct, we are over the 200 moving average now, so it's going to be very critical whether we continue with this run to $25k or not.
We just crossed another barrier at $23k, and I have seen it goes as high as $23,200.
So are we still in the FOMO period? And it's interesting that even at weekends, we have seen huge spike in the prices.
That $23k for now is not sustainable, it might take some time before we can go and became the next support. For now it's the resistance and we don't know how long will it take though.
But basing on the $20k, $21k or even $22k, it take like 3 attempts before we can finally settled on that price and become the resistance.
And the good news is that we still have a week to go before the end of the month so still interesting how long our mini bull run will push us. And there will be a monetary meeting around Jan. 31 - Feb 1. And most probably, Federal Reserve will likely hike its target interest rate, so this is going to be good news for us.
Its well past the 200 day average but here the slower 50 week average might be of more relevance for its slower momentum. What can and does happen quite often is if we outrun a down trend then a pressure is released from the back of BTC and this leads to buoyancy and a rebound upwards. This is too early to call a bull trend as such, dont quite start counting your chickens just yet.
Definitely, it's too early to call this a bull run, it's just the start of the year and many things can affect us, inflation, the war and other black swan events in crypto (like FTX).
So yeah, don't count the chickens yet, we still have like 11 months to go to this to call this a bullish market.
And even if technical indicators like 200 day average have been reach and above it, going to be hard to maintain that level.
Its well past the 200 day average but here the slower 50 week average might be of more relevance for its slower momentum. What can and does happen quite often is if we outrun a down trend then a pressure is released from the back of BTC and this leads to buoyancy and a rebound upwards. This is too early to call a bull trend as such, dont quite start counting your chickens just yet.
Market price is a bit up at this moment but I cannot still see it as a bullish run for this industry. More of cyclical spike because of different factors. I still see the huge pump to occur by next year because of a 'heavier' reason which is Bitcoin halving, proven by its previous occurence. But ofcourse if the recovery will start now, the market will be able to cope up with the correction earlier than expected. At first I though crossing the $20k mark would be enough for a trend to be triggered but I guess it is still not. What's more likely to happen is for the mrket to pump and dump, as with the usual, on the following months. But I consider it as a positive thing still in comparison with the previous months which re 'downish'.
Yeah, millions and not billions have been liquidated causing the bears to sweat. And it's obvious that they have no control of the market for now. And if my technical indicators are correct, we are over the 200 moving average now, so it's going to be very critical whether we continue with this run to $25k or not.
We just crossed another barrier at $23k, and I have seen it goes as high as $23,200.
So are we still in the FOMO period? And it's interesting that even at weekends, we have seen huge spike in the prices.
Bitcoin is in fact above the 200 SMA, the last time this was the case it was December of 2021 so this is a very positive sign for the price of bitcoin as the breakout is not small at all, however the market is right now in a state of FOMO and we are experimenting a fast growth which if I am honest seems a little bit out of place, and I wonder if this is not a symptom of an imminent reversal because I find it hard to believe this rate of growth can be kept. We just crossed another barrier at $23k, and I have seen it goes as high as $23,200.
So are we still in the FOMO period? And it's interesting that even at weekends, we have seen huge spike in the prices.
Are we now on crypto bull run or this yet to be go down futher more down than 15500?
Depends how you look at it. Bears are definitely sweating and ton of shorts have been liquidated. Technicals are looking good and if you have been long enough in here, you can feel the hope being similar to other end of bears. Most of us being carefully optimistic, some being insanely optimistic. Obviously there are some permabears waiting for their turn to say they were right.There will be more of them looking for shorts but that's going to be a dangerous game..
Answer to the question: no i don't think so. This would be biggest trap ever if it crashed there now.
Yeah, millions and not billions have been liquidated causing the bears to sweat. And it's obvious that they have no control of the market for now. And if my technical indicators are correct, we are over the 200 moving average now, so it's going to be very critical whether we continue with this run to $25k or not.
We just crossed another barrier at $23k, and I have seen it goes as high as $23,200.
So are we still in the FOMO period? And it's interesting that even at weekends, we have seen huge spike in the prices.
Are we now on crypto bull run or this yet to be go down futher more down than 15500?
Depends how you look at it. Bears are definitely sweating and ton of shorts have been liquidated. Technicals are looking good and if you have been long enough in here, you can feel the hope being similar to other end of bears. Most of us being carefully optimistic, some being insanely optimistic. Obviously there are some permabears waiting for their turn to say they were right.There will be more of them looking for shorts but that's going to be a dangerous game..
Answer to the question:
Are we now on crypto bull run or this yet to be go down futher more down than 15500?
Really hard to guess actually because i've been expecting for some short position but all of them are liquidated.Why? The recent surge to 23k did really make out some mess specially into those shortpositions because if we do see on the actual technical analysis then we would really say that it is really that overbought + having those negative sentiments or news in the market like
Genesis bankruptcy then we could really say that the market might be having some correction but it didn't which it did really entirely mess up lots of positions
made specially into those who positioned short.
Are we now on crypto bull run or this yet to be go down futher more down than 15500?
Likely $15k and $16k is a bottom range for Bitcoin but you should not be surprised if it has a crash to prices lower than $15k. In March 2020, Bitcoin had a crash when people thought bottom was confirmed already.That situation was due to covid-19, that is a huge factor that the price crash to $3k. But I doubt that we will have an effect as catastrophic as that today that will push down the market. We could have events like Luna and FTX collapse but the impact is not the same as the pandemic, in my opinion.
About cryptocurrency market, generally it has a mini bull run like 2019 because Bitcoin has lifting up with its rally. That gives altcoins time to recover from their bottoms. However who bought altcoins at tops still have big loss except some few best altcoins like Ethereum or BNB.
But what's happening is like what we call mini bull run, I think this year we are still in the bear market, so maybe the price will still go down but not hitting another lower lows.
It's that we just have a good start this year and market is enjoying green candles, now the price is above $23k.
Are we now on the crypto bull run or this yet to be go down further more down than 15500?
The present market situation is showing some bullish tendency but the bitcoin price roll have not achieved the maximum number to declare the present market as a bull market, at the moment we are somewhere around 23k+ BTC price and this is quite significant. But we will have to wait a little longer with consistent price uptrend movement before we can declare Bitcoin bull market return, so just wait a little longer and hold on to make the best of this opportunity.
I don’t think we’re in a bull run so much as we were in a manipulated bear market. Exchanges have been taking people’s money, telling them they own Bitcoin when they don’t, and spending their money on shitcoins. That caused the price to fall as BTC wasn’t actually being purchased. Now entities are going bankrupt left and right and whoever wants to survive needs to scoop up BTC that their clients think they own. This is causing a return to the norm. Congrats to anyone who was able to accumulate at the manipulated price below $20K.
Am I the only one who is slightly disappointed that Bitcoin's price is rising? While I do find this minor bull run intriguing, and it is fascinating to see your money increasing in value, I was used to the constant downward movement of the market and was taking full advantage of it by receiving considerably larger amounts of Bitcoin from my signature campaign. Personally, I don't believe that the upward movement will continue for long; it's a minor bull run, but this certainly isn't the end of the bear market. I'm hoping that we'll have a few more opportunities to accumulate some more Bitcoin and BNB.
Are we now on crypto bull run or this yet to be go down futher more down than 15500?
Bitcoin is recovering and has yet to move into a true bull run. The increase this time seems normal as the price is starting to increase to a higher price, but if this time, the price can immediately increase to $50k or $60k, that's just a real bull run, and it's only a matter of time until the price can exceed the last ATH. But that looks unlikely to happen as the bitcoin price is still underwhelming, and there is more than $47k left to be at $69k. I presume what is playing out in the market is a clear supply and demand move. The next direction of the market is so unpredictable, It could be a bull trap who knows or a bull warm up for the major bull run that might commence later this year or early 2024. But whatever the outcome the Price might not fall below $15500 this year except external news pops up something similar to FTX crash or mining inefficiency
do kwon & sam bankman fried chope the market in 2022
I think it's too early today if we start a real bull market. To me the current rise in bitcoin price looks like a temporary bull market or as people call it Mini bullrun. However if it turns out that the bull market continues then that would be great. and for those who have finished accumulating bitcoin, the bull market is an important thing to look forward to. I personally today stopped to accumulate first. I hope there is a correction back from bitcoin so I can accumulate it again. I don't know much about technical analysis. But I'm trying to learn it little by little.
yeah that's why we here to get community ideas
I presume what is playing out in the market is a clear supply and demand move. The next direction of the market is so unpredictable, It could be a bull trap who knows or a bull warm up for the major bull run that might commence later this year or early 2024. But whatever the outcome the Price might not fall below $15500 this year except external news pops up something similar to FTX crash or mining inefficiency
Same thought I have, I think this is just a break away from the 16k price. We can’t consider this a bull run already because we haven’t even it half the ATH yet. The great thing about this period is that bitcoin shows stability at the 16k price mark and I don’t see it coming down below that no matter what except maybe a huge saga comes up. Bull run could come during the end of this year though
Are we now on crypto bull run or this yet to be go down futher more down than 15500?
If you understand the technicals well, we are in a bull run until we are above 200 daily moving average, we are in a bear market once we go below that. As simple as that. Currently, the level is situated at 19.5k and will increase over time as the price develops further. If you are holding I'd suggest continue to hodl till 1st feb meeting or if you didnt buy just wait for buying as close to the 200ma. Cant do nothing much than this.Chart showing 200ma (yellow line):
https://i.imgur.com/mi8Oobh.jpg
appreciate your opinion
I think it's too early today if we start a real bull market. To me the current rise in bitcoin price looks like a temporary bull market or as people call it Mini bullrun. However if it turns out that the bull market continues then that would be great. and for those who have finished accumulating bitcoin, the bull market is an important thing to look forward to. I personally today stopped to accumulate first. I hope there is a correction back from bitcoin so I can accumulate it again. I don't know much about technical analysis. But I'm trying to learn it little by little.
Jump to: