Are we now on Crypto bull run? - page 9.

Franctoshi

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Quote from: Mario Yamasaki on March 22, 2023, 06:51:52 AM

Right, there are still a lot of things that make us say the bull run has happened, and I think the small increase that is happening right now is not strong enough, it needs a bigger increase, for example in a few days the price continues to rise even though it is only 5% of today's price increase 10% but tomorrow the price will drop another 10%, speculators are always looking to profit from the current situation.

Lolz what makes you think that current price moment isn't strong enough?. The market has broken resistance and has turned them into support, does that not tell you that the price moment is strong?
The market is very healthy and is not a rocket ship which moves straight into the space, there has to be price biding between the buyers and the sellers before the price can move either ways ,so this is why you saw the 5% move up and 10% down movement.

Generally, There is momentum in the market which you saw after that the price touched $19k, the price shut way up to $29k within few days, with the US banking crisis as a catalyst.

jaberwock

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Quote from: Mario Yamasaki on March 22, 2023, 06:51:52 AM

Quote from: Epaper on March 20, 2023, 01:02:21 PM

In my opinion, although recently the price of bitcoin has started to rise, it seems that the cryptocurrency market may not yet be in a bull run phase. I view the current bitcoin price increase as a temporary price increase.

Right, there are still a lot of things that make us say the bull run has happened, and I think the small increase that is happening right now is not strong enough, it needs a bigger increase, for example in a few days the price continues to rise even though it is only 5% of today's price increase 10% but tomorrow the price will drop another 10%, speculators are always looking to profit from the current situation.

Lot of things? Hmm but what could they be? Can you give some examples? Because, I think there is only one way to tell that a bull run is coming or have happened and that is when we saw that the price of the coins are rising like for example now and I don't think it was temporary because we have been on this phase for a few weeks already. Sooner or later we can break $30k and then we will move forward for more increases.

There are speculators who are after these increases that we see and they will sell to make a profit but I don't think their numbers are more than those who want to see a new ATH and in case the price dips a little there are many people who are going to buy.

Ngewex Yuk

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If the size of the bull run is a fantastic increase in a short time then we have entered the bull run, no one would have thought that the price had skyrocketed in March very quickly, of course this is our hope that the market in 2023 will rise again, of course we hope the market continues to improve and in March could reach $ 30k.

Mario Yamasaki

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Quote from: Epaper on March 20, 2023, 01:02:21 PM

In my opinion, although recently the price of bitcoin has started to rise, it seems that the cryptocurrency market may not yet be in a bull run phase. I view the current bitcoin price increase as a temporary price increase.

Right, there are still a lot of things that make us say the bull run has happened, and I think the small increase that is happening right now is not strong enough, it needs a bigger increase, for example in a few days the price continues to rise even though it is only 5% of today's price increase 10% but tomorrow the price will drop another 10%, speculators are always looking to profit from the current situation.

Ayers

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Quote from: Epaper on March 20, 2023, 01:02:21 PM

In my opinion, although recently the price of bitcoin has started to rise, it seems that the cryptocurrency market may not yet be in a bull run phase. I view the current bitcoin price increase as a temporary price increase.

Yes, we are not over the bear season yet, but this is not a temporary bull run, it is a bitcoin rally, and it is very likely that bitcoin will continue to move higher in the near term. I don't have any predictions for this rally, but I see many predictions bitcoin could also hit $40k for this rally.

My prediction is that this year bitcoin will continuously rise and fall, so it is still a good year to accumulate rather than expecting a bull year or a new ATH. As for me, I still believe that history will repeat itself, we will enter a bull season, or will bitcoin hit a new ATH after the halving.

fzkto

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Quote from: wmaurik on March 22, 2023, 04:38:25 AM

Quote from: asrinur on March 19, 2023, 08:58:25 AM

I see that currently bitcoin is not showing signs of being bullish because the movement of bitcoin prices in the market is relatively unstable or running in place. Even bitcoin prices still have the potential to experience a decline from the current price.

You said this three days ago at which time the price of Bitcoin was on the rise, but you wouldn't know if you didn't look at the Bitcoin market at that time and now you can see for yourself how the price of Bitcoin is moving up and down in a matter of minutes. which is very good for Bitcoin and also the holders because it could be in the near future Bitcoin is around $30K.

Quote from: Semar Mesem on March 20, 2023, 11:28:55 AM

Right, the market looks rising these few days or since March 5th, at the beginning of March, of course, many were frustrated because the price dropped again below $ 20k, but it only took a week for it to skyrocket and now the price has reached $ 28k, I'm sure the maximum is the 25th March the price is already at $ 30k, let's continue to buy to get big profits.

$30K by the end of the month is a very probable price for Bitcoin if there are no more crashes in the near future, but I am more confident that this can be achieved if the addition of buyers to Bitcoin can continue to increase in this month because now Bitcoin is still at $ 28K which is not that far from moving to $30K this March.

There were two unclosed gaps in the futures contracts, one of which we recently closed. There is now one left around 33k. I think it would be logical if bitcoin could close that in March or April. And then there could be trend uncertainty again. But that we will see 30k soon, I have no doubt.

wmaurik

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Quote from: asrinur on March 19, 2023, 08:58:25 AM

I see that currently bitcoin is not showing signs of being bullish because the movement of bitcoin prices in the market is relatively unstable or running in place. Even bitcoin prices still have the potential to experience a decline from the current price.

You said this three days ago at which time the price of Bitcoin was on the rise, but you wouldn't know if you didn't look at the Bitcoin market at that time and now you can see for yourself how the price of Bitcoin is moving up and down in a matter of minutes. which is very good for Bitcoin and also the holders because it could be in the near future Bitcoin is around $30K.

Quote from: Semar Mesem on March 20, 2023, 11:28:55 AM

Right, the market looks rising these few days or since March 5th, at the beginning of March, of course, many were frustrated because the price dropped again below $ 20k, but it only took a week for it to skyrocket and now the price has reached $ 28k, I'm sure the maximum is the 25th March the price is already at $ 30k, let's continue to buy to get big profits.

$30K by the end of the month is a very probable price for Bitcoin if there are no more crashes in the near future, but I am more confident that this can be achieved if the addition of buyers to Bitcoin can continue to increase in this month because now Bitcoin is still at $ 28K which is not that far from moving to $30K this March.

Bitcoin2009

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To say that we are already in a bull run or not, of course we need a lot of conditions, and in my opinion the simple thing that is an indication that we are in a bull market is a price increase that reaches at least 50%, this happened when the market was rising in the past few months, namely in April 2021.

Epaper

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In my opinion, although recently the price of bitcoin has started to rise, it seems that the cryptocurrency market may not yet be in a bull run phase. I view the current bitcoin price increase as a temporary price increase.

Semar Mesem

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Right, the market looks rising these few days or since March 5th, at the beginning of March, of course, many were frustrated because the price dropped again below $ 20k, but it only took a week for it to skyrocket and now the price has reached $ 28k, I'm sure the maximum is the 25th March the price is already at $ 30k, let's continue to buy to get big profits.

asrinur

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I see that currently bitcoin is not showing signs of being bullish because the movement of bitcoin prices in the market is relatively unstable or running in place. Even bitcoin prices still have the potential to experience a decline from the current price.

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Quote from: juhobtc on March 15, 2023, 11:04:03 AM

Quote from: summonerrk on March 15, 2023, 10:54:22 AM

In any case, it's too early to talk about a bull run in bitcoin. Let the US banking system have recently shown weakness, but I believe that the price of bitcoin has not yet adjusted. We need it to drop to 17 thousand dollars, and this would knock out all the hamsters. Pending orders will also work. And then a rocket called bitcoin will fly to 30 thousand.

Why exactly 17k, why is this level so important? It would be scarier for everyone if we now hit a new bottom, it would make many doubt and possibly sell.

I calculated seventeen thousand based on my graphical analysis. And I haven't heard anyone mention this number often yet. The fact is that if you draw an increasing curve of the support level connecting the bottoms of the price of the past time, it turns out that if bitcoin falls now, it will rest at 17k. No one disputes that it can go lower.

juhobtc

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Quote from: summonerrk on March 15, 2023, 10:54:22 AM

In any case, it's too early to talk about a bull run in bitcoin. Let the US banking system have recently shown weakness, but I believe that the price of bitcoin has not yet adjusted. We need it to drop to 17 thousand dollars, and this would knock out all the hamsters. Pending orders will also work. And then a rocket called bitcoin will fly to 30 thousand.

Why exactly 17k, why is this level so important? It would be scarier for everyone if we now hit a new bottom, it would make many doubt and possibly sell.

summonerrk

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In any case, it's too early to talk about a bull run in bitcoin. Let the US banking system have recently shown weakness, but I believe that the price of bitcoin has not yet adjusted. We need it to drop to 17 thousand dollars, and this would knock out all the hamsters. Pending orders will also work. And then a rocket called bitcoin will fly to 30 thousand.

Kadal Ijo

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Today it will be an important note that the price is up more than 17%, the transaction volume is more than $55 billion and making bitcoin will continue to make loyal users and continue to grow, after going through a difficult period due to the big case that happened in 2022 and the last one is FTX, 2023 was the start of a bull run because January was up more than 42% and today it has gone up more than 17% compared to yesterday's price.

Sayeds56

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Quote from: TravelMug on March 14, 2023, 05:38:41 AM

So it's really a very big news for us. We think that his month is not very good based on it's previous history. However, we had another one of those big rallies in the market to push the price above $24k again.

While it is true that Good news and events can cause surge in crypto currencies but it is important to keep in mind that crypto markets are highly volatile and subject to sudden fluctuations. Although Bitcoin has exhibited impressive performance during the current week and now trading above $24,300 but it will face tough resistance at $25,250 as indicated on weekly chart, it is important to surpass this resistance in order to continue upward momentum.

TravelMug

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Quote from: bettercrypto on March 14, 2023, 03:59:08 AM

Quote from: AverageGlabella on March 13, 2023, 01:27:19 PM

People are losing faith in fiat because of the Silicon Valley bank needing help from the government because they failed. A lot of people would have lost their money if the government did not secure a certain amount of money deposited in the bank. I think some people will look for alternatives to banks because of this event and if more banks require bailing out in the next year I think we will see a big increase of adoption because of people worrying about the stability of banks and if Bitcoin increases because of the demand going up it might go on a big bull run just before the halving event.

Within a week that has passed I have noticed that 3 cryptocurrency related banks have suddenly closed the banking system. First is Silvergate, Signature bank, and Silicon valley.

Then as far as I know those who deposited in Silicon Valley will get their money back in full as far as I know, because that's the way their government did it there. That's why the crypto community and coinbase are probably affected by this incident. But even if that's the case, they can look for others, it's that simple.

But bitcoin seems to have recovered immediately in the market from 20k$ it became 24k$+ again at the moment.

Yes, because the US government are going to inject billions on their economy and doesn't like to see big banks closing. And with this news, suddenly the investors goes out and buy more bitcoin and other crypto or even stocks and bonds as they are also recovering.

So it's really a very big news for us. We think that his month is not very good based on it's previous history. However, we had another one of those big rallies in the market to push the price above $24k again.

bettercrypto

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Quote from: AverageGlabella on March 13, 2023, 01:27:19 PM

People are losing faith in fiat because of the Silicon Valley bank needing help from the government because they failed. A lot of people would have lost their money if the government did not secure a certain amount of money deposited in the bank. I think some people will look for alternatives to banks because of this event and if more banks require bailing out in the next year I think we will see a big increase of adoption because of people worrying about the stability of banks and if Bitcoin increases because of the demand going up it might go on a big bull run just before the halving event.

Within a week that has passed I have noticed that 3 cryptocurrency related banks have suddenly closed the banking system. First is Silvergate, Signature bank, and Silicon valley.

Then as far as I know those who deposited in Silicon Valley will get their money back in full as far as I know, because that's the way their government did it there. That's why the crypto community and coinbase are probably affected by this incident. But even if that's the case, they can look for others, it's that simple.

But bitcoin seems to have recovered immediately in the market from 20k$ it became 24k$+ again at the moment.

Hamphser

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Quote from: Unbunplease on March 13, 2023, 12:17:37 PM

I don't think we should expect any serious growth in March, because usually March is not the strongest month for bitcoin. The main events will probably unfold in April 2023. The U.S. government may turn on the "printing press" again to solve the problem with the banks and may finish raising rates.

March-April and it wont really be that a good month but there's no assurance to that because despite of the negative fundamentals or news around but still we do able to see on whats the current market condition which is already becoming that green but of course it is really just that a normal day considering that if ever there's a correction here comes the recovery and this isnt something a shocking thing.

Also, lots of people or most of the community does really expect about the bull run happens on before or after of the halving event of Bitcoin which it might be the catalyst for such event.
Somehow there's no assurance that it might happen on that particular time but rather it could happen also on earlier timeframe too which it is really that hard to predict
on what lies ahead.

AverageGlabella

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People are losing faith in fiat because of the Silicon Valley bank needing help from the government because they failed. A lot of people would have lost their money if the government did not secure a certain amount of money deposited in the bank. I think some people will look for alternatives to banks because of this event and if more banks require bailing out in the next year I think we will see a big increase of adoption because of people worrying about the stability of banks and if Bitcoin increases because of the demand going up it might go on a big bull run just before the halving event.

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