Topic: Are we now on Crypto bull run? - page 17. (Read 2450 times)
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
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.
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.
With bitcoin's current momentum, those who have DCA in 2022 can make a bit of a profit. The rest, even if you bought bitcoin in 2021, you still lose big, not just altcoin holders lose. But unfortunately for those who bought shitcoins, the chances of recovering those losses are almost zero.
Are we now on crypto bull run or this yet to be go down futher more down than 15500?
I think that at the moment there are no fundamental prerequisites for the start of a bull run and I expect that the price growth may slow down and start to stay at about the same levels. And also, a rollback of the cost is generally possible, but it is unlikely that it will go to 15.5k. Bitcoin didn't fall to this mark even with a lot of negative news last year (and even the very beginning of this year). In short, according to tradition, the bull run begins after the halving, which has not yet occurred. Therefore, what is happening now, I consider a short-term jump, which has nothing to do with the bullrun. Be patient, it will start later. 
Are we now on crypto bull run or this yet to be go down futher more down than 15500?
Yes. A short term bull run because the price keeps increasing for more than a week without any sign of setback. But there's still a chance that we can go down below 15K since there's a lot of potential bad news that can affect this abnormal growth of Bitcoin like feds meeting, genesis bankruptcy chain effect on other crypto project and a possibility for a new attack on Binance credibility since US is not yet finished on their attack against Binance. For now we can safely assume that we are really on bull run but there's no definite time on when it will end or for how long it will continue because this run is not backed by a credible positive news. Only hype is what driving this rally to continue. I believe a major whale like institutional investors is behind on this price rally.
Are we now on crypto bull run or this yet to be go down futher more down than 15500?
I think we have done with the bottom already and the price is started to pick up again which is good but I couldn't expect that it will reach far $20k. The market is not already in a bullish state, we have these pumps because of a sudden increase in demand but it looks natural. The uprising momentum of Bitcoin isn't strong enough to carry the market to another level. Whether we like it or not, or even though we are hoping for a fast recovery but it was very unfortunate that it never looks like that. The market remain in the bear season probably until the end of this year. 
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.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.
It's too early to say that. Price movement is still not so big, and less than 1 month has passed since it
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):
Are we now on crypto bull run or this yet to be go down futher more down than 15500?
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