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Topic: Bitcoin bull run 'getting interesting' as BTC price hits 6-week high - page 3. (Read 899 times)

hero member
Activity: 2716
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I like the price to recover but to call this recent rise a bull run is to have no idea what you are talking about or to want to mislead people.
OP can be misleading if one follows intentionally without making a good research first. But for those who are smart enough to have advanced ideas that this current sudden price increase could only end up as a bull trap in the end. Well, bull run will definitely happen but I’m not seeing this time or this current year. It will only come when the whole global economic condition show signs of progress.
full member
Activity: 1119
Merit: 206
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I don't think we can say that bitcoin is currently entering the bull run phase. Although in the last few weeks the price of bitcoin has started to increase from the previous price, it seems that the current increase is not too significant. Therefore, it is still too early to conclude if we are already in a bull run momentum.
full member
Activity: 396
Merit: 106
What we saw is just normal market fluctuations. Pumps can always be possible despite the bear situation and not a thing to consider or an indication it was Bullrun. No, we still need OP for a longer market uptrend streak and it was just a few weeks which is not enough to think about it. Maybe it found interesting and see the reason behind but neither does it come to our mind this is the sign for the upcoming Bull season as it likely comes 2-3 years from now as expected. Maybe I was wrong but that was during halving.

I wouldn't say it's a normal fluctuations when the price dip -70%++ in the last 6 months. Definitely, we will see some pumps along the way in the bear market, and now it seems that we are into in the last couple of weeks. Just wanted to see the price really going like to $25k and see what will be the reaction, will it be sustainable or not? And so even in bear market, it is more exciting to see the price at least picking up. Not sure if I remember it correctly, if we have seen this in 2018, or maybe I totally forget it already. Or maybe I just mature and the majority of us and now crafting strategies for the incoming bull run.  Grin
It's going to be around 25k for the next few weeks but I don't think it was sustainable or stay at that for long. The bear market is just a thing that happened recently. The majority of traders still haven't seen it come fully yet. US's Q1 and Q2 negative aka recession, it'll slowly drain the market dry. People will tighten their wallets, business will slow down or force them to downsize. Tech businesses and tech stock already saw this early this year. Everyone thought this is it, the pump! We might be out of the bear market! Sorry, I disagree with that.
legendary
Activity: 2576
Merit: 1655
But could anyone confirm the bear market is over? By what I  mean is that is the price not going to drop below 17K anymore?

When the speculators published some postsaboutBTC going below $17k weeks ago, there must have been holders dumping in anticipation of that next support to break. 6 Weeks of uptrend seem a go signal to buy for me.
I think to be able to say that we are out of the bear market, we need some validations, maybe in the range of $40k-$50k. At least that is more than 50% of the lower low of $17k.

So it's a long way to go for us, we barely made it to $25k in this last small runs in the last week or so. And we can say that we are still not out of the woods yet, we need to progress more to the price that I mentioned. So we will have to wait and see, we still have 5 months to improved the price.
For me, I will only say that we are out of the bear market if the price recovered from the last ath and that was 69k or higher than it. If only the price didn't fall this low but it only fall on 40 to 50k then you can say that fall was normal and not considered as a bear.

There is no rule which states that the bear market should end within this last 5 months, so it's pretty fine even if the bear can last till next year or so but like everyone else I also believe that after the halving takes place, the price will start to improve dramatically. That should be our last and only hope if any other attempts fail. It's going to be a long wait but no one is forced to do so.

Of course, that's definitely the case, but in a bear market like what we are experiencing, at least a decent run, maybe $30k could be a good hedge or even $30k-$50k.

I'm not saying that there is a rule, no one is etch in stone here, although it will always be in a 4 year cycle, bullrun and bearish turned. Halving is the catalyst for the next eventual bull run, I agree to that. So I would also see the bear market will last till next year, and it will still be another perfect time to accumulate.
hero member
Activity: 2660
Merit: 551
What we saw is just normal market fluctuations. Pumps can always be possible despite the bear situation and not a thing to consider or an indication it was Bullrun. No, we still need OP for a longer market uptrend streak and it was just a few weeks which is not enough to think about it. Maybe it found interesting and see the reason behind but neither does it come to our mind this is the sign for the upcoming Bull season as it likely comes 2-3 years from now as expected. Maybe I was wrong but that was during halving.

I wouldn't say it's a normal fluctuations when the price dip -70%++ in the last 6 months. Definitely, we will see some pumps along the way in the bear market, and now it seems that we are into in the last couple of weeks. Just wanted to see the price really going like to $25k and see what will be the reaction, will it be sustainable or not? And so even in bear market, it is more exciting to see the price at least picking up. Not sure if I remember it correctly, if we have seen this in 2018, or maybe I totally forget it already. Or maybe I just mature and the majority of us and now crafting strategies for the incoming bull run.  Grin
legendary
Activity: 2534
Merit: 1338
What we saw is just normal market fluctuations. Pumps can always be possible despite the bear situation and not a thing to consider or an indication it was Bullrun. No, we still need OP for a longer market uptrend streak and it was just a few weeks which is not enough to think about it. Maybe it found interesting and see the reason behind but neither does it come to our mind this is the sign for the upcoming Bull season as it likely comes 2-3 years from now as expected. Maybe I was wrong but that was during halving.
Obviously the market recovering relatively quickly after the crash that we saw some weeks ago is a good thing, but people need to be more cautious in the way they evaluate the recovery of the market, what we are seeing is a correction, simply put the price went down too quickly as people panicked and sold their coins for a loss, smart investors realized the mistake those people committed and they bought their coins for a discount and the increased demand made the price to go up again, however it cannot really be classified as a bull run no matter how we look at it.
sr. member
Activity: 1778
Merit: 309
What we saw is just normal market fluctuations. Pumps can always be possible despite the bear situation and not a thing to consider or an indication it was Bullrun. No, we still need OP for a longer market uptrend streak and it was just a few weeks which is not enough to think about it. Maybe it found interesting and see the reason behind but neither does it come to our mind this is the sign for the upcoming Bull season as it likely comes 2-3 years from now as expected. Maybe I was wrong but that was during halving.
hero member
Activity: 1302
Merit: 516
Bitcoin Casino Est. 2013
please dont let the enthusiasm cover your plans and target here in your investing because it is the movement and the response from investors like us that will always make the market matter .
but it is indeed that we tend to come back once there is a big changes in market and when it specially on climbing position and this is what w all been waiting .
Not intended to cover up the enthusiasm of a person's investment plan, we only do a small study to see conditions that allow things that are not desired, the climbing process will not just happen, there is a process that must be passed, before the climb reaches the perfect stage

Investors who bought Bitcoin at a higher price are not going to sell now, but for investors who bought Bitcoin at $18K I think they have considered selling it at $24K.
So that the decline in the price of Bitcoin is still possible in the near future and if indeed the price of Bitcoin can increase again slowly in the market, it will be much better. I think so.
There are as many as two patterns that people often do when starting to invest, first make the purchase of the coin at a cheap price, then sell when the price has strengthened.
Both people will consider how to get large or small profits, this applies when we are able to see opportunities for coins in the market, for example the current price we can benefit and store in the long run, according to the desire to strengthen at what price, or decide short term with profit small

I really think the majority of investors that bought their coins near the bottom have no intention of selling their coins, they understand very well what is at stake here, it is true that if they sell now they can obtain some profits, but those profits are nothing compared to what they can get in a few years down the line once the new bull market comes, so if anything they are thinking on buying more bitcoin if the price goes down to those levels as this will increase their profits in the future even further.
The habits of people who invest in this model are big investors, they only target small profit but because large purchases can be adjusted to the benefits, which means they have large capital to make purchases at any price, but for small investors Long Term, Where the Profit Earned Must Be Large from the Price of Initial Capital Purchases
legendary
Activity: 2534
Merit: 1338
At least the bitcoin price movement has started to change, this is what some people in crypto have been waiting for, the difference between last month and now is not that big, the price increase is not that far and I don't see investors going into the market to sell some of the bitcoins they own, because this is still quite early to release assets, considering the current selling price has not provided a profit for investors who buy bitcoins above the current price.
Investors who bought Bitcoin at a higher price are not going to sell now, but for investors who bought Bitcoin at $18K I think they have considered selling it at $24K.
So that the decline in the price of Bitcoin is still possible in the near future and if indeed the price of Bitcoin can increase again slowly in the market, it will be much better. I think so.
I really think the majority of investors that bought their coins near the bottom have no intention of selling their coins, they understand very well what is at stake here, it is true that if they sell now they can obtain some profits, but those profits are nothing compared to what they can get in a few years down the line once the new bull market comes, so if anything they are thinking on buying more bitcoin if the price goes down to those levels as this will increase their profits in the future even further.
sr. member
Activity: 2506
Merit: 368
I don't think this is a bull trap, I think it is natural for the price to recover if there is less pressure from the selling side.  Besides if we look around the news today, they somehow have a positive sentiment.  But regardless even if investors buy today, Bitcoin price will definitely surge when the market becomes bullish.
You might be right if it's not a bull trap but I will give it enough time to reveal its intent since most of the time it would show if you didn't expect it to happen. But I agree that it depends on the situation of the market and sentiment of the people but I can't tell exactly which of the two is happening that's why I just have to give it enough time.

Quote
It would be a good thing if FOMO hits today and make an early trigger of the bull market.
So far, I haven't seen something like that happened which would trigger the bull market although, there are circumstances that there's an abnormalities in the market that do trigger the bullish but that's just it after pumping a little it won't pump anymore since the trader's will keep it steady for at least a week or so then it goes down back again.
copper member
Activity: 2268
Merit: 539
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It’s just a price hike I would say.
I mean it’s caused by the whales by buying more BTCs in a regular price.
For this reason Bitcoins took a smaller leap. Currently the price has fallen 5-6% and it is again back to the normal price.
It’s not a bull run according to me, and the bear market will last for more weeks also.
Nevertheless, let’s buy in this low price as many Bitcoins as we can and definitely after some weeks we will see great profits.
legendary
Activity: 2716
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
At least the bitcoin price movement has started to change, this is what some people in crypto have been waiting for, the difference between last month and now is not that big, the price increase is not that far and I don't see investors going into the market to sell some of the bitcoins they own, because this is still quite early to release assets, considering the current selling price has not provided a profit for investors who buy bitcoins above the current price.
Investors who bought Bitcoin at a higher price are not going to sell now, but for investors who bought Bitcoin at $18K I think they have considered selling it at $24K.
So that the decline in the price of Bitcoin is still possible in the near future and if indeed the price of Bitcoin can increase again slowly in the market, it will be much better. I think so.
sr. member
Activity: 2618
Merit: 439
There are still no interesting situation in crypto market now, looking at how the market move now?

https://coinmarketcap.com/

I don't know if we are going to buy this claim ? a 6 weeks high ?

hope that it will happen in the coming days because what w have now are still a BS manipulated and wont come in big outcome .
The market movement is experiencing a good trend, although it has not fully recovered for now, not only talking about profits, but the market reaction at least makes us more enthusiastic to come back, and I'm also not sure this month will produce big profits

please dont let the enthusiasm cover your plans and target here in your investing because it is the movement and the response from investors like us that will always make the market matter .
but it is indeed that we tend to come back once there is a big changes in market and when it specially on climbing position and this is what w all been waiting .
hero member
Activity: 1302
Merit: 516
Bitcoin Casino Est. 2013
There are still no interesting situation in crypto market now, looking at how the market move now?

https://coinmarketcap.com/

I don't know if we are going to buy this claim ? a 6 weeks high ?

hope that it will happen in the coming days because what w have now are still a BS manipulated and wont come in big outcome .
The market movement is experiencing a good trend, although it has not fully recovered for now, not only talking about profits, but the market reaction at least makes us more enthusiastic to come back, and I'm also not sure this month will produce big profits

Compared to last month, it's clear that this month is better than before and tomorrow is the start of another new month for Bitcoin and everyone, so I hope the price of Bitcoin can be much better than this month. Investors who are starting to enter the market again should also not be considered a positive thing because they may enter the market to sell existing Bitcoin assets and then disappear again from the market.
At least the bitcoin price movement has started to change, this is what some people in crypto have been waiting for, the difference between last month and now is not that big, the price increase is not that far and I don't see investors going into the market to sell some of the bitcoins they own, because this is still quite early to release assets, considering the current selling price has not provided a profit for investors who buy bitcoins above the current price.
legendary
Activity: 3010
Merit: 1280
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Anyway, this sudden pump in the market is just normal since I've seen this in the past already and this looks like a bull trap, which means the whales or whoever was pumping the market trying to make the trader to FOMO that would lead them to buy the highest price then the market will suddenly decline and it would stress some traders that most of them won't just hodl their accumulated BTC because they were starting to panic and end up selling low.

Is it possible that the current relief rally is due to the finished selling of Bitcoin by Tesla and Finland?  As we observed before this six-week high, Bitcoin somehow dipped to as low as $17k, if I am not mistaken probably those times are the time when these two huge sales are being executed.  And now that they are done with the sales, the Bitcoin price recovered because there is no more added pressure on the resistance wall.

I don't think this is a bull trap, I think it is natural for the price to recover if there is less pressure from the selling side.  Besides if we look around the news today, they somehow have a positive sentiment.  But regardless even if investors buy today, Bitcoin price will definitely surge when the market becomes bullish.  It would be a good thing if FOMO hits today and make an early trigger of the bull market.
STT
legendary
Activity: 4102
Merit: 1454
Sadly its not launching in time for my end of month bet, kinda typical.   Maybe it can falter but recover this week otherwise I expect it was all a bit of a wind up and we have to do a loop and repeat prices in low 20's before attempting properly higher.
  Back below 2 day average, lost that fast momentum and if we fail below 22750 and keep a 4hr bar below then its compromised 'the dream' scenario.   Assume full gloom any lower then 21k closing as this negates higher lows bullish argument.
sr. member
Activity: 2506
Merit: 368
This is a sign that people will soon experience bullish season in the community soon, because the green light is preparing to be stable for those that bought Bitcoin at low rate to get ready to achieve massive income from their investment. I believe, we are still in bearish season which is the best season for people to buy Bitcoin and hold for the price to move higher before they can supply to market to make a passive incomes from the market. Since the Bitcoin price is still between $22k and $23k, showed that the price will definitely hit $52k next month for long term traders to achieve good reward from their investment.
Nah, when Bitcoin is in bearish season, afaik it's too rare to see a pump that would reach of what you just set as price since it didn't happen yet. But I'm sure in the next bull run $52k might be the new support while BTC is in a trance of pumping, $100k might be the resistance.

Anyway, this sudden pump in the market is just normal since I've seen this in the past already and this looks like a bull trap, which means the whales or whoever was pumping the market trying to make the trader to FOMO that would lead them to buy the highest price then the market will suddenly decline and it would stress some traders that most of them won't just hodl their accumulated BTC because they were starting to panic and end up selling low.
legendary
Activity: 2954
Merit: 1153
It may be early to say that this relief rally would be the spark of the Bitcoin Bull run but the news is kinda positive today.  Considering this 6 weeks-high is the best rally of Bitcoin since the 2021 ATH[1].  News site like Cointelegraph is broadcasting positive sentiment news even stating that the sentiment exits the fear zone[2].  I believe we need more positive news like this and more institutional investors to support the market demand in order for the market trend to transition into a Bull market else we are just experiencing relief rallies during the bear market and is too early for a bull market celebration.





[1] https://cointelegraph.com/news/bitcoin-due-one-of-greatest-bull-markets-as-july-gains-circle-20
[2] https://cointelegraph.com/news/bitcoin-price-eyes-24k-july-close-as-sentiment-exits-fear-zone
full member
Activity: 1358
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This is a sign that people will soon experience bullish season in the community soon, because the green light is preparing to be stable for those that bought Bitcoin at low rate to get ready to achieve massive income from their investment. I believe, we are still in bearish season which is the best season for people to buy Bitcoin and hold for the price to move higher before they can supply to market to make a passive incomes from the market. Since the Bitcoin price is still between $22k and $23k, showed that the price will definitely hit $52k next month for long term traders to achieve good reward from their investment.
legendary
Activity: 2716
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
When viewed from the market trend, bitcoin is experiencing a price increase for now, the price increase is not too big, but compared to last month, now the increase is better, investors are starting to increase to enter the market, but we should not be stuck with this condition, because it is not there are signs of a long lasting bullish trend and able to maintain the positive trend, so stay alert until the recovery goes back to normal
Compared to last month, it's clear that this month is better than before and tomorrow is the start of another new month for Bitcoin and everyone, so I hope the price of Bitcoin can be much better than this month. Investors who are starting to enter the market again should also not be considered a positive thing because they may enter the market to sell existing Bitcoin assets and then disappear again from the market.
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