Topic: Is the Bull Charging or Just Warming Up Post-Halving? - page 3. (Read 397 times)

I think several factors are currently coming together that are causing the Bitcoin price to rise. On the one hand, the spot ETFs that are allowing a lot of boomer money to flow into the Bitcoin market, then the upcoming halving and finally the hope that key interest rates will soon be lowered again, which means nothing other than that the money printing press will be started up again.

There are plenty of catalysts for the increase in fiat price: inflation, ETF approval, upcoming halving etc.  If this halving is like previous ones, there could be a drop in the short time after it, as people unload what they purchased in anticipation (buy the rumor, sell the news) followed by an increase upwards. 

This time could be different though because from what I've read many miners have sold a lot of "inventory" already due to the ETF approvals.  Plus with US ETFs (among many things) fueling demand there may be enough demand that with the decreased supply there isn't an opportunity to drop.

I think the answer is: no one knows, but we'll all guess lol

Halving hasn't even hit yet. I mean you can define the "bull run" however you want as long as the price is moving up, but generally I don't consider it to be the main part of the bull run until price has passed the old ATH and is shooting up hard.

For example in 2017 Bitcoin passed the ~$1150 old ATH sometime early in the year I believe, but it wasn't until end of April that it suddenly started shooting up from $1300 to $2000 by early May, that is what I consider the bull run starting that cycle. In 2020 price shot up from like $11k/$12 or something like that in to $17k/$18k or so in November-ish, but then stayed under the ATH for a while and then in December finally shot passed the old ATH of $20k and by Jan 1st it hit $30k for the first time, so the main part of the bull run starting in Dec 2020 for that cycle.

So whenever the price passes $69k and quickly shoots beyond that, I'd consider that the start of the main part of the bull run. But really you can define the bull run as any time the price is moving up. Hell you could say the bull run started last January when Bitcoin started shooting above $16k if you really want to.

But also, since the halving hasn't even hit yet, and the cut in mining rewards will add supply pressure to the market, I'd say we at least have to wait for that event to consider it the real bull run. So basically, after the halving, once the price hits $70k, I'll think of it as the bull run.

Most probably warming up due to new updates in bitcoin community. No one can say it's a bull yet until it goes over 55k.

Warming up. I see the slow increase as a gradual effect due to the Bitcoin ETF, possibly a few more other factors but majorly that. It's also possible that said ETF slowly increased the confidence for Bitcoin growth hence why the gradual increase in price that we saw from 40 to 50k. Honestly, I expected the price to halt at 50k, maybe drop down to 40 again for a few days but it's still been a pretty steady increase. If we do go directly to 60k though then I might just change my words from warming up to instant bull.

It is a temporary rise due to Bitcoin ETF as we all were speculating earlier. It took some time to reflect in the market and now it has that is why the price of Bitcoin went above $52k and is still holding. I am expecting another spike in the price which we should see in the month of March and then we will see the halving effect in the price. This is nothing compared to what will happen post halving as this might be the year when Bitcoin will go above its old ATH. I am sure that we should more such price spikes as the demand for Bitcoin has been increasing through the ETFs. If Hong Kong's central bank approves Bitcoin spot ETH then there would be a flow of Chinese money which will again help the Bitcoin price to up.

Based on what I am feeling - am not an expert that is why I am not claiming anything - we are witnessing the start of the climb of Bitcoin towards a new ATH using at least two leverages: the ETFs approval behind it and the scheduled halving happening soon. Of course, this all depends on the sentiment of the market and I think that so far it is quite good...we are all excited and am sure there will be more developments coming to Bitcoin that can certainly make it a very powerful force in 2024 and into 2025 as well. Now, this might not come true if there will be a major negative new thing to transpire so let's wish nothing can interfere with this trajectory not just of Bitcoin but also of alts as well.

It's a warm up and we're going to see the surge after the halving. We saw the pump now because of the ETF effect and this could just be the start of the bull run or we have actually started already.

That's what we are all expecting to happen, to see a massive pump after the halving but it won't be the same as what we can see or I might be wrong with that and it can be the same motion as what we're seeing now.

It could be a different move this time and we can see early significance going to the top or ATH. With that, just keep in mind that anything is possible as we're all speculating.

From all indications, the bull market has started because the price of bitcoin has started to make the good move we are expecting in respect to Bitcoin halving coming up soon, but I think there will be another bear market in form of correction before the main bull run.

But my surprise is that, why is only Bitcoin pumping so high and leaving altcoin behind?

I think if bull run comes, both Bitcoin and altcoins are supposed to move together?

Or am I missing something?

There has been definitely signs of bull run and it is always so exciting to see everything coming in place. We already had good regulation change in etf approval, altcoins are performing well and newer altcoins are popping out every day, there was even a correction phase of where the price goes down and now the market capitalization is starting to rise

All these things mentioned are well signs of a bull run however the big question is “is this already the bull run?”. I do not think so. We are leading up to it, yes, but I do not think we are in it already. Remember there is still the upcoming halving event and that is expected to drive the price of bitcoin even further.

You will notice the decrease of availability for bitcoin as most would opt to hodl instead of trading it. You can still acquire bitcoin now and see some profit. If you see bitcoin rising further down the line and experience FOMO, you might not create some smart decisions.

Bitcoin market was warmed up and rose up a lot with news about potential approval for Bitcoin Spot ETF applications. After approvals, price was corrected and took about three weeks to soar again. It soars again because people see massive new capital from Bitcoin Spot ETFs and they speculate price will rise more.

I bet so too.

Because whales must clean up the market before a big bull run. If price simply rises more and more, non stop, it will be more expensive for whales to accumulate Bitcoin. It also results in more selling pressure that is harmful for their manipulation and profit taking price area and distribution phase.

I bet on a big correction before a halving but I believe in a bright future for Bitcoin, not only in this bull run but also more years in future.

I think it is warming up for Halving.  Or this could even be a temporary rise caused by the ETF approval.

My current take is this.  Bitcoin will not surpass All Time High before Halving.  I do expect some sort of repetition of what happened every Halving in the past.  Every body is expecting history to repeat so they will take action based on that and influence the repeat to happen again.

The sudden rise in the market price is another reason on it own to make us experience a higher market cap right before the halving as the circulations going in the internet suggest that we might have been into the bullrun partly right before the halving, so investors will not want to afford in missing out any opportunity for them to experience the bullrun either before or after the halving, this also tells more that even after the halving, we should expect more higher value on the market capitalization for bitcoin, this is my own opinion.

In the last bullish surge, BTC's market cap soared to an impressive $1.2 trillion, boasting a daily trading volume fluctuating between $25-36 billion. Fast forward to today, the current market cap has breached the 1 trillion-dollar mark, leaving us in suspense—has the bull run truly begun? Skepticism lingers as the market cap needs to surpass previous records to confidently signal the bull's return.

While my analysis might be a bit of a shot in the dark, I'm eager to hear from the seasoned OGs for their insights on this intriguing crypto saga. 🚀 What's your take on the current state of the market?