Topic: Are we now on Crypto bull run? - page 6. (Read 2344 times)

There is no doubt that Bitcoin halving is an important event in crypto space and usually trading activity increase even before this event takes place and consequently prices of Bitcoin rises, however it is not the only factor that influences price. There are other factors those can influence its price, such as market demand, adoption and regulatory development can also have significant impact on Bitcoin price.

If according to your analysis and predictions, we are very close to the bull season because $33k is a price that is not too difficult to achieve. We hit 31k before the correction and were very close to $33k. What about the halving? We are still over a year away from that date, and bitcoin will only enter a bull cycle after the halving takes place.

Based on my analysis, Bitcoin has not yet entered into bullish zone, but  rather is currently trading sideways, within a range of $3000. I hope, there may be a break-out from current level in the near future, which  may potentially push Bitcoin price above $33,000 and if it makes few consecutive green candles above this level, then we could confirm with confidence that it is the beginning of  bullish trend. DYOR

Shame the OP got banned for spam I guess but the plain question was well timed if you consider the macro picture then it was fair.   Since start of this year BTC has done well and it wont always be as easy but I think its a valid call,  my rating is something closer to neutral but I wouldnt confine myself to an annual account exactly.   Some of the 2022 losses will be regained this year which makes it appear much more positive for registering that gain now, a tax year would be another way to view any set of gains or losses or some in crypto would look at BTC by its halvening schedule.
   I wont label it an outright bullrun, I think revision and consolidation is required.   We dont have a clear track to take off on, if this was a plane take off there is still alot of debris from 2022 left over lying in the way.   All this old volume must be met, examined, traded and absorbed into the current meta and old volume, old orders on the books much be handled in the current price.  Somebody out there bought BTC at 40k, held and now wants to sell simple as that and we will match that old seller with a new buyer with varying success.   When enough of that work is done then you are clear to call out a bull run or whatever analogy, imo we are not clear work is ongoing.

It looks like the current movement of the Bitcoin market made a statement that we are yet to be in a Bull run.  We are still in either accumulation or transition stage.  The current Bitcoin price crash tells that even with the market sentiment these past few days being bullish, the market itself is still at a bearish trend.  The hype and bullish sentiment is not enough to transition the market into a bullish one.  So I think we need to wait for a bit more months, probably on the last quarter or early quarter of 2024 right before the Bitcoin halving event happens.

I know the situation on checking the chart of bitcoin, no crypto will move so high as it did since January without finding a support at lower levels. The support may not be deeper but it will give the relieve for it to have stronger power to pump in case it still have the trend. The pump of bitcoin is getting better visibility, it may not test below $20k this year again. The time of the over-bearish condition was last year and it's gone.

Indeed it is possible if the bitcoin price has the potential to reach $30k. However, it seems that the price of $ 30k is difficult to reach at the end of April, especially now that the bitcoin price has fallen back to the $27k area after rising to the $ 28.7k area. Therefore, let's see in the future how bitcoin price movements will continue to rise or fall back from the current price.

In the last two days Bitcoin has indeed passed the price of $ 30K, but it is also too early to call it a bullrun even though it could also be a good start for Bitcoin to go bullrun again this year. I also see that the current market conditions have started to improve, especially for Bitcoin and I also hope that good things like now can continue this month without stopping through correction barriers in the market.

What I meant here about the bull market, is actually from the technical point of view side, The bulls are now in control of the market, that's the movement that will take us to a new ATH, So not necessarily that Bitcoin will be making a new ATH this year, though it still a possibility we can make new ATH, However, you may call this a bear market rally or recovery for a clearer picture of what I'm trying to say, As we haven't created a new Highs.

Do you mean there will be a bull run and a new ATH this year? If that's the case, then we're going to break the old history and create a new one, as the bull market takes place only a year after the halving. I also agree with what @Pierre 2 said, the bull market is when we will see new trends, and many shitcoin projects will x5, x10 in the market. But what is happening in the market is almost exclusively focused on bitcoin, altcoins are almost insignificant.

Bitcoin's price break out of $30k technically signifies an Official Bull run, plus having Bitcoin got doubled in its price just in the 22nd week since after we hit Bottom at 15k. However, we need up to 1-3 weekly candle closure above $30k, to continue the momentum to the up side and stay extremely bullish about the bull market, Because it was former major support zone before we broke down, so now we need maintain that zone as we broke back into the zone because it now acting as strong resistance and in order to turn it back into support.

We are not on crypto bull run right now in my opinion. Its definitely good rally ongoing but there isn't much demand for anything besides Bitcoin. Bull run happens when crypto goes crazy with 5-10-15x everywhere. Although Bitcoin's rally feels very good and it constructed confidence back into crypto investors. We are in what I call, healing run in my opinion. I think in long run we will have 1-2 or maybe even 3 corrections. But crypto bull run will probably happen next year.

that mostly like why i prefer getting new updates here compare on outside sources, since all they've been blabbing is either all about hype or all about panic market. i believe bull market hasn't really started, and it is just that the correction is slowly getting stable after recent events which significantly affect the whole market in general, but who knows really whether this will be the starting line for another bull market approaching, it's not as if anyone has accurately predicted what will happen in the future.

i can say today maybe starting , but of course you cannot buy from that as we are all speculating here .
bitcoin is making a good run early today and seemingly to continue in the next couple of days as long as there is no selling from those who wanted to take profit and the correction will take part.
but I still believe since we crossed that 30k barricade now we can finally see the next better movement.

https://coinmarketcap.com/currencies/bitcoin/ so you will now consider this as Bull market?

It is correct to say that market is not in full run yet. However, Yesterday evening, Bitcoin made very impressive upward movement that many of us had been anticipating since many weeks when Bitcoin was trading in  a narrow range for sometime, indicating an imminent breakout. This morning Asian markets opened with a green candle and currently Bitcoin is trading above $30,000. This suggests positive market sentiment and hopefully Bitcoin will also surpass it next major resistance which is around $33,000. DYOR

Indeed, bitcoin is not yet fully in a bullrun. But at least with the recent more positive crypto market performance at least the bitcoin price will pass above $30k. If the crypto market continues to work positively until the middle of this year, it is very likely that a bitcoin bullrun will occur at the end of the year.

Has nothing to do with a round number in my opinion, but the fact that $30K level acted as support for about 18 months before Bitcoin capitulated into a bear market. I'd say the resistance is more like around $29K to $32K, but the common reference is $30K as it is indeed a round number. It's similar to $6K resistance level in 2019... it wasn't because that was a round number, it was because that "area" was previous support.




Price is currently in it's 4th week of consolidation, so for sure price has slowed down, but this consolidation under previous support remains bullish unless it becomes new resistance. Even last week was a new yearly closing high for Bitcoin, even with price only up 0.5% for the week. Overall it still generally reminds me of April 2019 consolidation prior to further upside, unless we see a rejection that is.


The term is pretty subjective and based on time-frames really. For example on the Weekly time-frame then price could rebound back to $50K, even $60K, and that wouldn't really be a bull market long-term with a lower high, simply a recovery as you put it. However on a Daily time-frame it'd be pretty bullish. Even the 4x increase from the lows in 2019 was a bear market rally, as opposed to bull market, hence price returned to the lows soon after the macro lower high. Others would call it a "mini-bull run", which I think is one way of putting it. It's sort of confirming that it's only a short term bull market, which after a bear market, is basically a relief rally.

If we see that the price of Bitcoin has been in the range of 28k$ for several days. If we talk about several months ago, the price of Bitcoin was around 20k$, so now it is expected that the price of Bitcoin may go to 40k$ very soon.  But for that we have to wait for a few more months. And if we see the price of Bitcoin falling in a few days, then we can understand that we may not expect to see anything better by this 2023. But it will be fully seen after a few months.

Or it is just a round number that we need to breach to say that we are in a bull run, or just to confirmed it?

For me, we are still very far from the bull run because it seems that we are slowing down this April and we can't even go and break $28k. so $30k will still be the biggest psychological barrier that we have face. And even if we broke it, I don't see it as sign that we are indeed in a bull run and going to see new all time high this year.


I guess majority here have matured enough, or has enough experienced to call what it is. That we are not yet in the bull run and this is just a recovery phase. The real indication of a bull run is right after the bitcoin block halving next year.

I think the sentiment right now is not strong enough for a bull run.