Topic: Are we now on Crypto bull run? - page 2. (Read 2445 times)

Obviously, if we look at the market today, we are still in a downtrend scenario. There are many things to consider in order to place the market in an uptrend, and that will depend on what happens to Bitcoin or cryptocurrency investors and the news that will come about it.

In addition to that, the bounce is not enough to recover and change position towards the uptrend. Due to the volatility of the market today, it is still very difficult to determine whether it will kick strongly or not, so let's see and watch while we hold the bitcoins we have.

Despite on having that totally considered to be a bullish sentiment if do really look indepth into but we know that once a positive news or fundamental would always remain to be positive and could neither make some positive impact on the market price or not. Right now, on the time that i had seen that bitcoins price shoot up almost +2k then i did make out some research right away on whats the news and find out this one which i could say that this is just an another normal day on crypto space on which these news and sentiments could neither give impact or not. We've seen any lawsuit related kind of news does really give out effect on which its not shocking anymore. Good thing for those who do make out some long position on futures which assuming out that the price hits up bottom when it do able to reach out 25k. The question now is, is there would be another set or batch of news which would be a good catalyst on pushing up the price further on 30k? No one really knows because i do always assume out that there would really be some follow up negative ones which it is really just that a
common pump and dump scenario which those big players who do really love on playing with those market volatility. Its not really that bad if you could really be able to ride with those waves though.

The win with Grayscale on the SEC lawsuit isn't that bullish at all considering they can still deny the spot ETF if they will file for it again. What needs cleansing is the SEC internally and that for sure will be the best win we can have in this space. Historically, September isn't the best month for Bitcoin but I think if BlackRock gets an approval as well that would really be a turning point.

Today there was a price bounce which probably surprised me a bit as Bitcoin rose from around $26K to over $27K in the market in just a short time. So I'm also pretty sure that within this year Bitcoin will still be able to reach $30K and even more than that even though it won't be too far because this year only leaves about four months left before entering 2024.

But what has happened throughout this year is that the price of Bitcoin has always increased to 30k after experiencing a correction and I think the price of 30k is a stable price for this year.
Right now it's doing a slow correction but I think it will recover and get back to a price close to 30k, I'm not sure we're going to go much further this year.

If calculated more precisely, Bitcoin was not long around $30K, because the range was only a few months of this year and by now you and everyone have also seen that Bitcoin has returned to $26K. But I am more confident that a big increase can occur within this year in Bitcoin, the $30K range may be crossed to close to $40K, because if it only increases to reach $30K again, I consider it a very normal increase in Bitcoin because it was previously in that range.

No, we are not on a crypto bull run at right now. Because the price of Bitcoin has been around 30k for quite meny time and this 30k cannot break any way. Rather it is going down. Howover we are not on a crypto bull run now but we are going to see a big crypto bull run after some time. So that 30k not 40k not 50k not, it like 100k will break the level and create a very big ATH.

By the end of the year, I don't think bitcoin will be able to maintain its current price range of $30k–$31k. As the year ''2023'' comes to a finish, it is assumed that its price would rise to $40k.

The bull run is expected to begin after months of halving in the following year, which may likely push toward end of next year to 2025. Within this third quarter of this year, we will observe and experience correlated market prices for bitcoin. This would make it possible for many crypto investors to keep utilizing the DCA strategy to extract returns from their bitcoin investments till the bull run starts 

Movements that are seen in the market slowly like now will actually be better for the sake of maintaining longer support and price resistance in the market. Because considering that Bitcoin needs to reach a high price level from now on before the bullrun moment actually happens to it, besides that horizontal movement won't be worse if some people expect it to be for the sake of defending Bitcoin prices at current levels rather than at corrected levels as before

We can't say it's a bull run for now, you're right. I think Bitcoin will stay in these price ranges until the end of the year. It can move in a horizontal line. There is a lot of positive and negative news, but bitcoin is not as responsive as it used to be. Maybe it is possible that the bull run will start at this time of next year. These are just guesses. But I can say that it provides a good basis for bitcoin's price at these levels.

Current Bitcoin price levels do not indicate that it is in bull run. However, it can be argued that the bull is preparing. Although the Bitcoin price is stable in the market, a good news in the market can quickly move the price towards a bull market. The news of approval of the new ETF quickly took Bitcoin from 26k to 31k, but with no results yet, Bitcoin price is still stable at 30k. However, it is estimated that we may be headed for a major bull market at the beginning of next year.

Bitcoin has a mixed reaction across with it's price predictions but I think we will be able to go into Bitcoin's bull run by the end of this year. Hopefully this year we will see Bitcoin price over 40K and continue to grow in the next year.

It's quite ironic, isn't it? When BTC is at a low price around $20K, people are fearful to buy but the truth is it's just at a discounted price. Now that it is starting to run higher, breaking resistance after resistance, people still are fearful because they say it went higher even though it is showing strength going higher.  They create a conclusion that the crowd is being euphoric but the truth is it's still at an ideal price to buy. If you keep your indecision on the way, you'll miss opportunities. So don't listen to the crowd and start following your own plan and intuition.

This is why its not really that bad on having at least on making some research so that you wouldnt really be able to have those kind of guess.

LTC?
Litecon (LTC) Jumps 30% in Three Days as One Month Countdown to Halving Begins
https://beincrypto.com/itecoin-price-halving-approaches/
For sure it would be pertaining about its upcoming halving event on which it would be usually normal on having this kind of approach on which prices do usually pump out.

BCH?
The exact reason driving BCH remains unclear but has enjoyed several positive developments. As CNF reported earlier this week, the digital asset became one of the four listed cryptocurrencies by wall street giant Citadel-backed EDX Markets.
Source
Usually these kind of news or fundamentals could really be able to make out some significant effect on each project or coin price but its not guaranteed but most likely it would be.

There is euphoria in the market today. Bitcoin is up a bit, but altcoins have bounced back from the bottom very nicely. I don't know what news could have influenced this, but ltc did 30% and bch doubled in just one week. I guess it's hard not to say the bulls have come to the market.

Yes finally we are in crypto bull run market. One week before bitcoin price was $24k now Bitcoin price is $30k +. And gradually bitcoin price increasing. So i think we are in bull run session. Today we saw bitcoin price near about $2k dump within some minit. But for bull run session we saw bitcoin price bounced. Now bitcoin price again $30k+. I think bitcoin price will increase and it’s price will hit $100k within this year.

For now I still don't think of it that way, because today it is very clear that Bitcoin which immediately increased to $ 31K could immediately fall back to $ 30K and even briefly below $ 30K. This means that there are many buyers who are still happy to buy Bitcoin, don't let Bitcoin go down too deep at the end of this month, and hopefully next month the price of Bitcoin can be much better than this month.

So far there has been more good news, but some good news has still not been able to make Bitcoin rise sharply towards $ 35K. So Bitcoin may still need a few other things that are a little different in order to get more and more buyers interested in the next month so that the price increase can continue to be better.

But can you imagine if the market wasn't what you expected?
It's too risky when you invest all your money in an asset, including bitcoin. Although you can expect a return that is worth it with the risk you accept, you must also have a reserve budget. Without a reserve budget, I don't think you will be secure forever if you need an emergency budget.

People's beliefs about the market have a basis. They know halves can trigger more requests, they'll cost more on their own. So if you've been holding onto bitcoins, then wait and make some adjustments so you don't ruin your own plans due to an urgent need for cash.

Still have a possibility, but no one really knows if it's already a bull run or just another artificial pump that will bring more attention to
the traders and investors, for a possible entry to try making some decent money.


That last statement is a valid one. It will not be a doubt for you if you are aiming for long-term success. The current situation will just
repeat itself, and having the set target will keep you safe from fearing whatever situations that will shake the market.

I don't really understand what people called a bullrun, when bullrun comes its hidden it carries all the functions and it affects other cryptocurrencies markets sphere, so bitcoin whenever it's higher in price than the price when bitcoin was at sixty thousand, we can consider it a bullrun the way I'm seeing cryptocurrencies markets

It's still a long way to $40K but in the next few months if anything more positive doesn't rule out price action as bitcoin continues to fluctuate.

So are you investing money into bitcoin for the long term or short term? Why worry about this year when it is clear in many speculations this year bitcoin will not touch ATH except after the halving, I speak because of the history of the previous cycle, while you are still in doubt don't put all your money in bitcoins.