Topic: Bitcoin is officially about to enter bull market, guys your thoughts... (Read 818 times)

I am also sure about the market pump that will surely come in my way. Bull is about to come but yet ITE not fully bull that’s why better keep waiting yet and let’s see if what happens. Possible is to see the price getting high this year but to get the target profit have to wait and let’s wait to have fully bull in market. Investors should not be in hurry to sell their coin.

Too fast if this increase is a bull run because even resistance must still occur there because at least with continued resistance it will make prices get the next achievement to maintain higher prices. I personally will still be waiting whether halving bitcoin will really have an impact on a bigger increase or not.

From my own perspective, Bitcoin is already in the bull market and the bull has started running. I am expecting another all-time high this year which will pave way for global adoption.

Combined with the high interest rates bulls are paying on Bitmex, you guys are making me short term bearish!

If price pulled back to the low $8,000s right now, the weekly chart would still look really bullish. The only difference is, after dropping $1,500 from here, people would be FUDing about $6K or $3K instead of planning out the next bubble. Sentiment is such an interesting phenomenon!

I think we are already in a bull market the next phase is to see how long it takes us to go parabolic once  again, on one hand I am happy since this means that once gain we have the opportunity to obtain great profits but at the same time I am not so sure that I like this, let me explain, what I really want more than anything out of bitcoin is that it is accepted in more places and that I can use it as I use my cash without anyone rising questions about it.

But if we see yet another bubble I have my doubts this is going to happen soon as this is going to scare even more businesses to adopt it.

Any changes in the cryptocurrency market are regulated by almost any actions of speculators, but if we expect global changes in the cryptocurrency market, this will only be due to the more active use of cryptocurrency in the everyday life of a person, so that cryptocurrency will be more popular and will be actively used as a means of payment  as well as a digital investment.  I believe that for this period we are at the beginning of this process and therefore a bull market is quite possible right now.

That's very positive of you, man we need that for this market to finally change to a better market.
I think we have struggled enough so it's time for a chance and from here, we should be witnessing more bullish movements than a bearish movements.

If this had been said half a year ago, no one would have agreed with this. But now you can safely talk about it! I also think that there is no chance for a bear market, which means that only a price increase in the long run awaits us.

Maybe it was and glad to see that it even move higher almost every day without suffering huge dumps on its way.
But I'm not convinced yet to see Bullrun early this year, it might be in the 3rd quarter or late 2nd quarter when halving is done. The trend might still be the same as how it moves right now (slow motion) that it takes time before we reach to its peak.

The possibility of Bitcoin entering a bull run would be more likely to come early. The start of the year 2020 has been good for Bitcoin, considering its struggle in retaining its price in $8000 in the year 2019 but, now, the price of Bitcoin is over $9000 dollar and we can see the rapid increase in the price of the currency.

Honestly, I am quite happy that bitcoin can finally make some people happy, sure there is many things that make bitcoin great, the decentralization, the blockchain, the transactions, the trustless system, basically everything about bitcoin is great but at the same time having a high price wouldn't hurt neither, so even with the idealist in mind and all the great things that crypto has over regular fiat and yes screw the system bla bla, having a big price point is also amazing because it shows how much of a valuable thing that we created together.

Hopefully, we will also have many good altcoins that will have some twist difference from bitcoin and current altcoins that will further this and have good prices as well, we need a whole crypto market to go up not just bitcoin itself.

Same thoughts here. As long as the price is under $10,000  it's still considered as a good entry point considering that we're expecting something big while approaching the Bitcoin block halving. I'm still in a neutral side when someone is posting about the begin of a bullrun while Bitcoin is still trading below $10,000.
If we are going to look back how Bitcoin reacted from the last 2 halving, we're still far from having a bull in the market, since It occured a year after the halving of 2012 and 2016.

I always consider that base dynamic first, rising population and a general cross section not the specialised interest like myself who to some extent were always looking at projects like this.   I dont matter, Im middle of the road and not rich or with big funding so I'm not moving the needle for BTC but when you have educated qualified and to some extent wealthy indivuals who join Bitcoin and have a use for it then it really does matter even if they have no personal technical knowledge on the protocol workings.
   To really talk about bull markets and so on we need to see waves of the economy Bitcoin operates to build up with layers from technically involved to general usage by passing trade.    When you have doctors and lawyers in BTC then its really breaking ground or just anyone, it doesnt have to be the elite but I presume millions start to join when you have various trades now able to use and gain from BTC utility.
   After all that comes the price and hopefully its no longer just about speculation but observation of a natural phenomena which is people themselves and the offset of more people is the tiny amount of holding each does in a wallet raises demand vs supply and price is forced up to some extent.   The bull market is incidental not on purpose exactly.

The way I see it, there's always going to be new people entering the speculative market every day, or even new people learning about Bitcoin every day. They're getting younger too, and from a different generation. They probably know better than to believe these guys. But if they do, power to the influencers.

As long as the ones from yesterday like us wisen up, things are moving along as they should.

Sometimes reading up these kind of sentiments do really boost up some feels towards the market specially with BTC. We've been in ups and downs for 10 years
and we do experience the horrible dumps/corrections and also been taken to the heaven when the market go to its peak.
Giving out my thoughts? I cant really conclude things up because it do just stress me out and i do rather go with the flow no matter what would the trend is.

There would be no doubt in expecting bull runs this year. The markets are really started showing us some growth which itself indicates the signs of the bullish trends. Until these 2 past years, the prices for each of the coins were running into some small movements and we never saw bitcoins crossing the resistance levels these past 2 years but from the start of this year, we saw a great movement in the price of bitcoins.

Moreover, the first month of this year itself brought some positive signs in the price of bitcoins which might be the start of the bull runs. If we consider graphs on higher time limit like 2 days to 1 week, we could see that the price already is in the dip and would start growing anytime.

It seems to me that we can't talk about bitcoin only as a speculative currency. Bitcoin is the most advanced and modern technology at the moment, which is of great interest around the world. But this is all at the development stage. This means that anything can happen. therefore, a standard view of the market here will not help to predict further price changes.
I also believe that the price will be higher soon, but I build my forecast on the analysis of what is happening in society and in the world in general.

What is even meant by "officially enter bull market"? Is there some sort of official figure that is calling the shots or am I missing out

Jokes aside, most traders imo have been preparing for this upcoming bull market. People understand that prices are going to rally as we get closer and closer to the halving, and there is very little room for BTC to maneuver downwards because of the fact that $7k has been tested several times now as a support level and each time prices came close to breaching it, it rebounded right back up.

So it's not like it's unexpected or anything of that sort. It's totally expected, it's just that there hasn't been a lot of activity in the market right now. I expect things to change though as we get closer to May.

We're close but not close enough as halving is still some months away and we're still under 10k$ even if we have a nice buy support around 8.7 - 9k$ so this is a reason to stay calm for now and maybe try to accumulate more cryptocurrencies. I rushed twice with prediction of Bitcoin going into bull run in November and December last year so for now I'm just waiting for it to happen...so maybe this little wake up won't be different that last 2 of them.

In my view here, it might not be a bull trap. We have barely 4 or 5 months for halving and the speculation is that it will help bitcoin to appreciate. So even if market traps someone now on the momentary bear, it will be over soon when market will turn green when market starts to bull again because of halving.