Topic: Bitcoin is officially about to enter bull market, guys your thoughts... - page 2. (Read 818 times)

If it entered it entered a month and half ago on 18th December. Price was $6700 and now is $9400. Quite a jump in this 6 weeks. Nice 40% gains.

Dumps cannot be prevented or stopped because it is a part of the market value volatility. It is really good to see that the market price is now rising again after a slight downfall recently. Well maybe, this is a clear sign that this year would be the recovery period for cryptos especially Bitcoin from being downed last time which tooked the interest of most of the investors away from investing into cryptos. But still, there's no assurance of such thing and being careful still with our actions is more advisable.

We can see on histories that this scenario is pretty normal on some aspects, but we cannot tell right now that we are in bull run stage since we cannot diffenately tell the future  but if the pump continue to go up until 3 - 4 months then maybe we can set our position to hold for long term but for now maybe it's good to play on the market volatility to earn.

And even we can never forget the big whales which already have accumulated onto the markets. These big whales are the ones who posses higher amount of bitcoins onto the exchanges and they could even create false bearish or bullish trend like patterns just to make us have faith in the markets. This case is already be experienced several times and that's what keeps making the markets unpredictable ones.

Big whales are the ones who might be most wise and for their own individual profits, they might create any fake patterns which can look like real ones. They only have to manage some of their buy and sell orders which indeed would create false patterns and once they fill their bags with profits, they would leave the markets on their own conditions which might even breakout a bearish trend.

It depends on the strategy you apply, but the least risky form is buy low sell high. If you have a long term time horizon, you will do well but it will take a lot of patience and dedication because of how irrational markets can be.

The bear market that followed after the 2013 bull run was exhausting and I'm sure a lot of people gave up on Bitcoin because of how long it took to get back above the ATH, which to some degree is understandable.

Bitcoin back then wasn't as fundamentally important as it is today, so currently it should be a whole lot easier to sit through bear markets and actually use that to accumulate as many coins as possible by applying dollar cost average.

Exactly, that is why most people got confused more because of this. Bitcoin works best in a long term thus, the good price we are seeing now may not be a sign of having a bull run. We all know that bitcoin can be very unpredictable we might see and incredible increase in the past few days but we really don’t know what’s gonna happen in the next few days.

Yes, bull run is coming! Today btc's price is $9,500, this is actually a good sign after so much suffering from bear market I am positive now. The trend is going upward though I still see some small dumps in my technical analysis but hopefully it will continue to grow until $12,000. Let's see about that. Just don't expect too much. Afterall, this market is so volatile.

Actually the bullish market has been confirmed since a few months ago, and it looks like you just realized that.
But you need to be careful like I did in my technical analysis for the short term as the price of bitcoin will be corrected and remain on the bullish path for the long term.

Weekly and monthly resistance has been reached at the highest line indicating that the correction is very possible.
So take the best decision before you experience a loss.

Well it only means it is okay to be positive about bitcoin because it is showing a good trend but we can’t really say for sure if it will continue to rise in the coming years, we all know that bitcoin is always like this it will show a good trend but for some reason it will go down all of a sudden with no specific reason why. Lets just enjoy what we currently have and wait about the future.

Its too early to tell since the price always fall when btc tries to get a momentum upward, my guess its more of a bull trap rather than a bull market.

let them exaggerate the movement but if they fail and lose this is not our call but theirs,people can easily speculate in every market movement but we must be cautious guys because market is unpredictable and manipulation can be done in short time so if we don't take precautionary measures?for sure we will be one of the victims as there are so many issues like this before.

Yes exactly. I find it weird people talking about a bear market recently and a bull market starting now. The bull market began 10 months ago. Just like the sideways 6 months the first half of 2016 was still part of the larger bull market, the past 6 months was just a prolonged correction in the larger bull market of this cycle. The bull market will be entering its second year soon, and is already about 3x over the bottom of the bear market from a year ago.

What people really mean is that the bull market is about to move into the next phase. It began 10 months ago with a big surge for a few months, then corrected from the over hype and FOMO coming out of the bear market, and now that it has corrected it is preparing to take the next step upwards, moving into the second year of the bull market and towards the halving as the upwards pressure continues to build in the market cycle.

how can you say it is "Official" when you are just relying on this Link?or is this a clickbait?to attract people clicking your Shared link that is why there is misleading in your title?

no one can assure the" Official Bull market" because it will only indeed once happen,even when time market is pumping no one can assured that this is bull until it reaches the top.
give it at least 3-5 months from now before we can have at least views on what market movement is really all about because for now?we are still waiting for the bull top come near.

The market seems to move forward at specific time interval without much of fluctuation downward. This needs to take place in a gradually manner for a long term to make it a perfect bull market. The ongoing market moves can't be predicted to be the bull trend. Also no one or official is there to give confirmed statement of this is a bull trend. Everything is a prediction, and the reality coincidence gives that respective prediction an official outlook.

What worries me is the very high open interest on the futures exchanges and the very high funding rate and this is why I am cautious. Because if you look at the open interest chart for Bitmex whenever we were at 1 billion open interest we had a massive crash shortly after.

Generally when people get too bullish usually the complete opposite happens. I think a safer move is to sell here and if we close above $10400, buy it back then. Because if it clears $10400 then a move to $13800 is possible and maybe a new all time high shortly after the halving. However this might be a bull trap.

Well if we just want to hang off plain numbers then I remember the definition a way back being said as +20% for Bull market and -20% from a peak is a Bear market so you aint wrong.   However BTC has a range of movement that would make a Tsunami whimper and we do not get the privilege to call things so easily as a main market might.    If nothing else this at least matches the volatility present in commodity markets which can be extremely sharp at times despite various efforts to hedge and distribute supply vs demand.   BTC rises sharply because it has this fixed supply, we even know its going to be constricted so its very tight in comparison to many other markets and their ideas of bull and bear.

I'd go more with this opinion, with time comes volume and a variety to the sections of the market that have taken part in the price present that day.    Because BTC isnt based in Chicago or New York or confined to one time zone, nation, culture or people we seem to have a prolonged digestion to pricing even while the numbers change fast I do look for phases to how it acts.     I'm not all full steam ahead just yet, some will say well why dither about it but theres money to be made in every valley we must traverse even if pricing has formed its final lower low.  
  Time frames I consider are 15m  1hr  4hr daily and weekly, each adds its own picture and weight to feel BTC has vs resistance and trends in its way.   Its hard to feel every speed bump but I still cant get past thinking Bitcoin has the inertia of an Oil tanker and they need space and time to turn around.   The China speech in autumn with a very rapid rise showed that best most recently I reckon.

The next resistance is obviously $10K at least, currently we are still trying to reach that price as it looks like the climb is slowing down to $9300 levels. But we have seen this before, it's just a question whether we can punch that five digits or go down again to $8'isk.

So it's hard to conclude that we're on an official bull run, I want to think it that way, but we will never know unless we see some similar rides last Feb-June of 2019.

It's so hard to say what's happening exactly cause when we had rise from 9K up to 14k, people were thinking it was bull and finally bitcoin was going to recover but no, what we saw was price fall and we still didn't reach to 9k after some months and when halving is getting closer and closer.
But maybe I am mistaken, it's not really easy to say when will be bull run but there are two options: 1. This is bull run (pre halving) and it will be even higher after halving or 2nd - we will see real bull run after halving.
But what makes me curious is that where we will stop in case of bull run. Previous 20k is great example for people to not buy btc when price is very high. I think that experience may limit our possibility to reach even higher price.

I think it will take some time for bitcoin to enter the bull market, we're just seeing a short up and down by price. So we have to be patient and be patient more before selling some bitcoin now. I'm sure that bitcoin's price will increase hugely after the halving though, we have to keep earning bitcoin for now and holding until the great news.

It's getting there. We broke through 9k which was a strong resistance. If we manage to go above 10k it will really look Bullish. I saw a number of analysts say a month ago that they will not be bullish as long as Bitcoin stays below 9k but breaking that level will be crucial. I expect many people to be gearing up for a big move up above 10k before the halving. If bear remain strong wit will only be something like 1-15k, but if not it might as well retest 20k in the next 6 months. I don't expect 6k levels to be back before that.