BTC TOUCHED $50K TODAY. BULL RUN IS HERE?

dezoel

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Quote from: BitMaxz on February 12, 2024, 11:50:20 AM

What do you mean bull run is close? I think you mean that this is the end of the bull market after the price touched $50k we see a new high price this year but this is not yet the new ATH and it is not the end of the bull market because block halving is not done yet.

You are too excited for bear market be calm this is not the end of bull market we see price jump but that doesn't mean sooner or later bear market comes.

The close that you mean is different from what he is talking about and another proof to that is when you read again the title of his thread. There is nothing to end here because we are not yet on the said event, but it's crazy if there are really people who believes that we are already in the bull run long time ago. They might be new here in crypto and they think the price last time are already high but they don't know that it was only the lowest form from what we are going to experience in the future.

We are currently at the bear but maybe he want a price lower than what we see now? Well, he can just wait since there is a possible correction that will occur later on.

OgNasty

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I felt the need to make a joke about normies starting to wonder if Bitcoin is in a bull run, but I’ve been beaten to it. Now that the market has surpassed $50K, a lot of folks who have been making fun of crypto and dismissing it since the FTX debacle are going to be a bit shocked at the price. I think most normal folks still think Bitcoin is crashing after reading the news the last few years.

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Quote from: Iamcrypticguy on February 12, 2024, 11:22:43 AM

I just got a notification of BTC touching $50k. Is this the sign that the bull run is close?

The bull run already started a long time ago, some people don't believe it is a bull run until the price is close to or surpasses the previous all time high, but if you look at things closely, you'd understand that Bitcoin price has been out of the bear and sideway market for sometime now and has been steadily rising, which many of us call the bull run. The bull run will continue well after the halving and that is when we can see Bitcoin go above the $100k mark, which has been the most talked about prediction in the market, for this cycle.

JimboToronto

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The price has doubled since September and you're wondering if the bull run has started? Roll Eyes

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Quote from: Iamcrypticguy on February 12, 2024, 11:22:43 AM

I just got a notification of BTC touching $50k. Is this the sign that the bull run is close?

TBH, it's hard to know if we are in a bull run or not.
I mean in 2021, we are seeing Bitcoin's price reaching as high as $20,000 back then and nobody expects that we are in a bull run. Right now, we can see the price of Bitcoin increasing, and reaching $50,000 for the first time again since 2021, but IMO, we aren't still in a bull run yet.

We have different factors in knowing whether we are in a bull run already or not. Some might say that we are in a bull run already just because they're seeing price increases every week. Some might say that we aren't still in a bull run yet. I mean not al think the same in terms of this.

For me, I will only say that we are in a bull run already if the price of Bitcoin surpasses it's previous ATH of $69,000, but as long as it doesn't happen, I still believe that we are still on the accumulation phase.

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Quote from: $weetne$$ on February 13, 2024, 07:38:56 PM

Quote from: Iamcrypticguy on February 12, 2024, 11:22:43 AM

I just got a notification of BTC touching $50k. Is this the sign that the bull run is close?

Bitcoin has being bullish for a long time but this doesn't mean we're in a bull market as Bitcoin can also be bullish when we're in a bearish market. Bitcoin is bullish means Bitcoin has an upward moment and that's what we're experiencing, don't confuse it for the market being in a bull market. Bitcoin can continue rising until it touches $60,000 or go higher but I think we are going to get a market correction very soon and this will make way for the market not to be bullish again until we get closer to Bitcoin halving and we begin to experience another bullish movement. We might be celebrating Bitcoin crossing $50,000 again but this time it'll be when the halving date is closer. If you're a trader, I think it's time to take some profits but if you're a holder you should continue holding.

We maybe in bullish condition due to recent price pump happening but it doesn't mean we are already in bull run state since we don't see any huge pump happening a consistent one since we can see some correction happening. If it really continue to rise up until it hit the $60k predicted price then we can assume that we are in this situation since for sure next to that is more hype and demands to come since there's a lot of topic will be created for that said happening. I also agree with you that this is not the best tie to take a profit especially if you set your goal into long term. Since we could potentially see more pump and maybe there will be new ATH to break this current halving season.

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Bitcoin and the entire cryptocurrency market has been in a bull run since January of 2023. I think that BTC touching $50k is a psychological move to get retail investors in with the hype, giving liquidity to the $2b+ institutional money that have accumulated at the $38-$42k mark when the spot ETFs were released. As Bitcoin touches 50k, resistance forms by lower accumulators and past holders, newbies FOMO in at the magical 50k number, expecting it to run to 100k flawlessly...then something unexpected happens.

Keep an eye on Mt God & Celsius creditor repayments. Keep an eye on recent coin seizures and how they're being dealt with (there have been a lot, $1.7b in London most recently). These are two big downside risks.

$weetne$$

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Quote from: Iamcrypticguy on February 12, 2024, 11:22:43 AM

I just got a notification of BTC touching $50k. Is this the sign that the bull run is close?

Bitcoin has being bullish for a long time but this doesn't mean we're in a bull market as Bitcoin can also be bullish when we're in a bearish market. Bitcoin is bullish means Bitcoin has an upward moment and that's what we're experiencing, don't confuse it for the market being in a bull market. Bitcoin can continue rising until it touches $60,000 or go higher but I think we are going to get a market correction very soon and this will make way for the market not to be bullish again until we get closer to Bitcoin halving and we begin to experience another bullish movement. We might be celebrating Bitcoin crossing $50,000 again but this time it'll be when the halving date is closer. If you're a trader, I think it's time to take some profits but if you're a holder you should continue holding.

STT

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The bull run is old enough to stampede at this point, its not a newborn because more people noticed its existence. Todays brief sell if anything is a larger positive then if nothing at all happened, its another higher low and lows count as much as the high prices if anything I value them more. Peoples resolve is tested in a low where as high is more of a bandwagon experience and even those with no real belief or desire to hold want to be involved, the lows are the real strength in any move imo.

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Quote from: Iamcrypticguy on February 12, 2024, 11:22:43 AM

I just got a notification of BTC touching $50k. Is this the sign that the bull run is close?

I think most people define the bull run after it has passed the last ATH we had? I mean if you consider the last 6 months, you can consider that we're already in the bull run since we went up by 50% since then. If you wanted a lower time range, then yea, I'd expect most people to see it when ATH is exceeded and probably see something like 20-30% growth in a couple of days or a week.

So yea, considering all that, we're closer but not that close. It might still depend on how fast BTC goes up, but considering how the market reacts whenever we get to these marks we'd almost always expect it to go down a bit or go steady for a few weeks before doing anything else really.

CODE200

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Still be cautious about the market don't go celebrating too much because things can still happen and almost always stick to your plan of when you're planning to sell them bitcoins because you don't want to be selling too early or too late, take profit whenever you can and don't be too greedy, I've seen people that's been on the market for too long and not being able to sell, don't marry the bag. I'm still pessimistic about all of this but I do agree that we're on the start of the bull run I guess?

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Quote from: Iamcrypticguy on February 12, 2024, 11:22:43 AM

I just got a notification of BTC touching $50k. Is this the sign that the bull run is close?

This could quite possibly be a sign of a bullrun that is getting closer, because the increase in the price of Bitcoin to the $50K level was a fairly large increase in this year before the halving. And I still think that market conditions that continue to improve will have a continuous impact on Bitcoin, especially in terms of increasing prices and also in terms of reaching an all-time high price this year. I'm sure most people will continue to hold and will not want to sell to take profit because the prediction of a further price increase is still quite possible for Bitcoin.

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Quote from: Iamcrypticguy on February 12, 2024, 11:22:43 AM

I just got a notification of BTC touching $50k. Is this the sign that the bull run is close?

I can agree with you that we are about to experience a bullrun as the price of Bitcoin get increased but we should not feel happy or be much excited that bitcoin price has increased to our expectation and that we guarantee us all the price of Bitcoin to continue accelerating, so there is every tendency that the price might reduce in price or fall so the price of Bitcoin is unpredictable and the market is also being determined by the demand and the supply of the market it might reach tomorrow the price of Bitcoin stabilize based on the supply is higher than the demand that to also change the structure of the market and the Bitcoin price will crash to Unexpected price.

So that is one of the things that made me not to be a much excited to the price of Bitcoin knowing that anything can happen to the market of cryptocurrency and the is not what you can depend on based on the market demand and the market supply so I believe that cryptocurrency is unpredictable because of it's futuristics of technology

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Quote from: coolcoinz on February 12, 2024, 03:36:48 PM

You know you're in a bull run when someone makes a thread about bitcoin touching a price and a few hours later the price is above that level.

What can I say, we've been in a bull run since January.
There are diferent metrics people use, but usually the most important ones are:
-price reaching consistent higher lows
-staying above 200 WMA
-being above 50% of ATH. For me it's the final confirmation, as usually we don't do that until the beginning of a new bull cycle.

We popped over the $50k mark which I thought wasnt going to happen, there has been a bit of
a sell of and we are at ~$48k now, I thought we would get the drop before the $50k.
I recon we will see a bit more of the drop but it doesnt mean the bull run is over, this is just a
correction before another pump up which will convince the very few doubters left that yes we are
most definitely in a bull run.

These drops will hit higher lows for sure going forward and could remain consistant for a number
of months. There might also be a bit of a buying surge each time it happens because of FOMO, and
not to miss the next pump. ^{ah shure I might buy a little extra this week myself!}

As regards the ATH, yes above 50% of it is massive, we touched of 72% of it yesterday so its
definitely a massive signal.

nakamura12

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If the bitcoin price starting from 50k dollars is still increasing then that's a sign where bullrun is coming. We can't really say what time or when will bullrun really start. If you are not sure when it is then it's better if you hold your bitcoin until bullrun. As of now, I think it's not the time for bullrun yet and maybe it is of ever the price of bitcoin increased to 60k dollars. I don't know if others will consider it as bullrun or not the time for bullrun yet.

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In my opinion, it is still not considered a bull run. Maybe we can just say that it is his new ATH for this year, and it is quite high because from the 40k range it went up to 50k, meaning bitcoin is still on fire. Expect that the price will drop or make a dip at some point as it is part of the market, but if these happenings keep on repeating, expect that bitcoin will increase more, more, and more profit. Luckily, I placed an open position in bitcoin when its price is still in the 40k range. Now what? After the bitcoin ETP, many investors or holders noticed the continued dip of bitcoin, but what now? It got up, and that's why bitcoin is not for everyone who can be easily swayed by a sudden price drop. I don't know if I should sell some of my holdings or just wait for an even higher price, but I don't plan to buy anything or anything, so maybe I'm just going to secure some profit.

The Cryptovator

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Which price range suits the bull run, according to you? For me, when we surpass the $40K zone, I believe we are in the bull zone. Today, Bitcoin crossed $50K and is still growing. So overall, Bitcoin is on a bull trend. Don't expect to break previous ATHs over the night. It takes time to build Bitcoin. I am not sure yet if this is real bull or fake. But most likely, we will see a dump before the halving. Whales would create a panic to accumulate more bitcoin since halving is very near.

coolcoinz

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You know you're in a bull run when someone makes a thread about bitcoin touching a price and a few hours later the price is above that level.

What can I say, we've been in a bull run since January.
There are diferent metrics people use, but usually the most important ones are:
-price reaching consistent higher lows
-staying above 200 WMA
-being above 50% of ATH. For me it's the final confirmation, as usually we don't do that until the beginning of a new bull cycle.

criptoevangelista

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The bull run started when it broke the 32k resistance, you are a little late.

romero121

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With more than 50 days left for the halving event, the price has bounced well, crossing $50k, which assures that the bull run has begun. All users who have been holding for a longer period of time can now enjoy the profit of bitcoin. However, it is good to take the partial profit, which lowers the risk and provides the opportunity to buy back at a lower price before halving, as the market can once again experience a downturn to some point as there'll be a market correction.

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