Is the bull run begun ? | Bitcointalksearch.org

The Sceptical Chymist

legendary

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Quote from: mirakal on February 12, 2024, 04:50:12 AM

I really want to believe that the real bull run has begun considering the current price of bitcoin is certainly high. But seeing the rest of the coins are still not in their best position, and are still susceptible to price decline any time, then I have to say that what we have right now is like an effect to the market before bitcoin halving finally happens. Probably, I can only say that the real bull run is here once the market conditions become favorable and right now, it’s not happening yet.

It does seem to be a bit different seeing bitcoin soar while some of the older, better-known altcoins (like LTC for instance) haven't been doing as well--at least that's my impression based on following the prices of each; I haven't done a chart comparison to check if that's really the case.

But damn, if you don't call this a bull run then how do you define that term? Bitcoin was at $25k last September, so it doubled in roughly five months. If that isn't a bull-something, I don't know what is.

lombok

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The start of the Bull Run this time started with the approval of the BITCOIN ETF which was just received at the beginning of this year, reinforced by the halving this year which is only a few weeks away. I will be more confident that if Bitcoin's previous ATH, which was in the $69K price range, is broken then the full bull run mode phase has been completed. started.

Now it is still good to make purchases or investments in bitcoin or some other crypto assets. Of course, by doing DYOR and not being careless in investing to avoid losses.

STT

legendary

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Breakout action occurring right now, the question in play should surround watching the daily candle close and ideally this weekly candle for best security. If BTC does not hold up as well on a weekly candle trading below this current price, closing below 49.3k then be slightly less optimistic otherwise BTC price action is presently very bullish.
The target upside now is 57.9k, for a trade moving fast is ideal but for long term its actually better to pause along the way and remove sellers before they can accumulate and cause a large negative. A bull run doesnt have to be stampede and you dont want the confusion with a buffalo run which is a blind run right over a cliff a practice carried out by the native Americans to slaughter the yearly growth. Any holder doesnt want that, they want a slow and steady bull run with no casualties so it can spread over multiple years and get the higher figures. Dont forget summer 2019 where price spiked and later halved, that wasnt for the best vs longer term gains.

Sorryfor

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At present it is a little complicated to say about it. The price of Bitcoin is currently very dynamic. The cryptocurrency market is currently in turmoil. The price of Bitcoin has been moving in a positive direction for the past few days. Bitcoin is currently worth $50,000. This week is very good for Bitcoin. I have high hopes that it will cross $60,000 in the next few months.

tengui

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In my opinion, current market conditions are in a positive trend because most people believe there will be a halving this year. This means that the recent increase in Bitcoin prices is only due to a positive trend, not because of the halving because the price increase due to the halving is much faster than the current price increase.

Ricardo11

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The way Bitcoin price is moving right now, I think a Bitcoin bull market has started. Bitcoin was worth 43k a week ago and currently stands at around 48k, an increase of 11.4% in just one week. Looking at this trend, we might naturally think that the Bitcoin bull market has started. I think that's most people are thinking this right now.

mirakal

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I really want to believe that the real bull run has begun considering the current price of bitcoin is certainly high. But seeing the rest of the coins are still not in their best position, and are still susceptible to price decline any time, then I have to say that what we have right now is like an effect to the market before bitcoin halving finally happens. Probably, I can only say that the real bull run is here once the market conditions become favorable and right now, it’s not happening yet.

However, instead of thinking about the upcoming bull run, why don’t we utilize this time doing DCA to reach maximum amount of bitcoin while bitcoin price has not achieved its new ATH yet. That way, when real bull run finally comes, we can ride with the hype and just like others, we will be more capable to achieve our desired profit goals.

Obim34

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Quote from: yohananaomi on February 05, 2024, 01:05:55 AM

Quote from: Obim34 on January 26, 2024, 02:05:49 AM

-#-
There is no evidence of possible pump with the influence of the ETF, since it was approved nothing has shown to mark out the difference relatively of ETF approval of which we expected more.

I really hope that can happen, and I think you are also right that the influence of ETFs will not provide movement to increase, and it looks like that is what has happened so far.
Even though there may be people who hope, and so do I, it can provide positive things, but it doesn't seem to be impartial andhave to wait for other events.

The ETF approval came as a good news and everyone was anticipating quite a good uptrend in price but instead went the other way, this could help us understand all we talk about the market is base on assumption and prediction their is no usually certainty strongly backed by it.

yohananaomi

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Quote from: Obim34 on January 26, 2024, 02:05:49 AM

-#-
There is no evidence of possible pump with the influence of the ETF, since it was approved nothing has shown to mark out the difference relatively of ETF approval of which we expected more.

I really hope that can happen, and I think you are also right that the influence of ETFs will not provide movement to increase, and it looks like that is what has happened so far.
Even though there may be people who hope, and so do I, it can provide positive things, but it doesn't seem to be impartial andhave to wait for other events.

peter0425

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Quote from: Forever101 on January 07, 2024, 12:20:51 AM

With the current performance of Bitcoins, should we say that the Bitcoin bull run has begun or we should expect the real bull run after the halving as usual.
The current market state is already bringing joy, is this a sort of trap or what could have led to the current positive market performance.

I do really think, sharing experience can help one learn and avoid the shock of greediness on investment. Tell us your view on bitcoins market performance recently

Please first give the definition of Bullrun ? because I kept reading this from threads here and there but seems that they don't even know what does this mean.

Everytime there is a small pump they are calling this Bull run and when there is small dump they call this Bear market.
so please define them first before asking this because it has been using as to spam the forum.

Kelvinid

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Quote from: martinex on February 03, 2024, 09:44:26 AM

Quote from: rodskee on February 03, 2024, 05:30:23 AM

there are people that only believe in altcoins mate and we cannot blame them because of the high price of bitcoin.
and also most of them are greedy people that wanted to become rich easily.

It's true that the majority of people like cheap ones, but it's clear that it's very risky. I think they are just looking for other fortunes and there are times when their hobby is looking for their own challenges Grin

. BTC has answered everyone about what will last and what won't, whether it's old coins or those that have just arrived on the exchange, but the choice of investment is still in each person's hands.

Considering that the majority of cheap coins are shitcoins, I don't think it was a good idea to make a fortune with them. I'd rather buy Bitcoin and old coins that possess profit potential even if the price is high at least I have some assurance to make a profit. Because even if the market turn to bullish, we can't expect these shitcoins to go along with the hype instead, it remains on the bottom.

If we can afford to take risks, then we make sure that we are also investing in the right projects. Price will matter but I see the potential of the project is very important to look at.

martinex

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Quote from: rodskee on February 03, 2024, 05:30:23 AM

there are people that only believe in altcoins mate and we cannot blame them because of the high price of bitcoin.
and also most of them are greedy people that wanted to become rich easily.

It's true that the majority of people like cheap ones, but it's clear that it's very risky. I think they are just looking for other fortunes and there are times when their hobby is looking for their own challenges Grin

. BTC has answered everyone about what will last and what won't, whether it's old coins or those that have just arrived on the exchange, but the choice of investment is still in each person's hands.

EarnOnVictor

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Quote from: Volimack on January 25, 2024, 01:05:30 AM

Even if the market goes down it won't end up going up again there are many trends that most people initially dismiss. However, if you realize their true potential and are proven right bitcoin investment can earn you a fortune. We can expect the next bull run as the number of new users of cryptocurrencies hit record highs every time during the bull run. In 2024, the value of Bitcoin will fall, halving.

Bro, what are you saying? I do not think you are on this planet with us at all. What I see on my trading chart is so different from what you speculated, not to talk of the expected FOMO in the market because of the expectation of halving. This is real and will happen again, and my trading chart on the larger timeframe is testimony to this, it is aligning, so I am positive about what will happen in the Bitcoin market. Or do you mean the halving will cause Bitcoin to fall? I guess you are just mistaken about the whole picture. The market chart apart, maybe you do not know the past records, they are clear, you can check it on your chart as well, what it has caused in the part is all positive for Bitcoin. I mean so much positivity that people are always surprised.

So how are you sure that it will be the opposite now? Also, looking at the time you made this post, the market was bearish in trend which I believe must have conceived what you meant here, but it does have to be. What you see now in the market may not be what you see the next day, which is why we should always be more proactive in trading with speculations and seek more knowledge if need be instead of living only in the moment when the next day's market disposition could be different.

rodskee

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Quote from: Davian144 on February 02, 2024, 03:03:26 PM

Quote from: Reid on January 31, 2024, 12:01:28 PM

It already came before and after the approval of the Bitcoin ETF. Now, we are on a process of knowing what will come next. But I won't worry, there's more bull run that will happen because it ain't over yet. There are many applications for Bitcoin ETF approval and every news about it going near is probably a hype being resurrected especially in social media.
I'd just be patience if I were you, for now. HODL if you can but if you have altcoins you better monitor them everyday because it's difficult to know where they will go.

I think that's quite appropriate to say to anyone who still holds Bitcoin and still holds altcoins who in general have to continue to be monitored because they don't know where the altcoins will go in the next bullrun. But if you look at previous bullruns, well-known altcoins usually also follow the market cycle and movements of Bitcoin so that Bitcoin or altcoin holders can also monitor both simultaneously at one time.

Bitcoin must move first and that is what we have seen in all altcoins bullrun , it is that bitcoin will dictate what will be their faith.
remember that there are no Altcoin bull without bitcoin having it first and mostly it is happening in after halving.

Quote

Because several influences that can increase Bitcoin prices also have the potential to occur this year, Bitcoin is the first asset that must be held better and altcoins become the first option to sell when they are at the highest price with the aim of greater profits in bullrun conditions.

there are people that only believe in altcoins mate and we cannot blame them because of the high price of bitcoin.
and also most of them are greedy people that wanted to become rich easily.

STT

legendary

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Day 27 since we last crossed above the Fibonnaci level and managed to stay above there when daily bar closes on most charts. I think most BTC charts work off GMT just as an arbitrary international point even though alot of trading is occurring elsewhere of course most graphs use that timeline to decide and even this forum.
My take is when a point holds for this long we should at least watch and notice when it becomes part of the vision in the rear view mirror. At present its an obstacle in our path to navigate and decide if its resistance we cannot surpass or future support perhaps. Buyers are appearing under 43k area but not continuing enough to buy to send us towards 50k with some inertia.
We're bullish but also standing still chewing the cud at present, come back when we're actually moving to decide if all is well with more significance.

Davian144

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Quote from: Reid on January 31, 2024, 12:01:28 PM

It already came before and after the approval of the Bitcoin ETF. Now, we are on a process of knowing what will come next. But I won't worry, there's more bull run that will happen because it ain't over yet. There are many applications for Bitcoin ETF approval and every news about it going near is probably a hype being resurrected especially in social media.
I'd just be patience if I were you, for now. HODL if you can but if you have altcoins you better monitor them everyday because it's difficult to know where they will go.

I think that's quite appropriate to say to anyone who still holds Bitcoin and still holds altcoins who in general have to continue to be monitored because they don't know where the altcoins will go in the next bullrun. But if you look at previous bullruns, well-known altcoins usually also follow the market cycle and movements of Bitcoin so that Bitcoin or altcoin holders can also monitor both simultaneously at one time.

Because several influences that can increase Bitcoin prices also have the potential to occur this year, Bitcoin is the first asset that must be held better and altcoins become the first option to sell when they are at the highest price with the aim of greater profits in bullrun conditions.

fullhdpixel

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Quote from: Volimack on January 25, 2024, 01:05:30 AM

Even if the market goes down it won't end up going up again there are many trends that most people initially dismiss. However, if you realize their true potential and are proven right bitcoin investment can earn you a fortune. We can expect the next bull run as the number of new users of cryptocurrencies hit record highs every time during the bull run. In 2024, the value of Bitcoin will fall, halving.

I don't completely understand what you are trying to say here. First, you said that the market won't end up going up again if it goes down, and then you said one can earn a fortune with Bitcoin investments if done right. You also said that the value of Bitcoin will fall in 2024 because we are going to have the halving event, now I'm confused as to why you would say that when history says the market goes up after the Bitcoin halving event.

The halving event isn't an indicator or a signal for the market to go down. I know that the cryptocurrency market is unpredictable and highly volatile, but there are certain points in each cycle where things usually happen in the same way, and the halving event is one of those times which is the reason why the whole market expects a bull run after the halving.

STT

legendary

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Very exciting price action in BTC today but also the recent context sets up a whole possible future trajectory where it can head back to much higher prices possibly. This area continues to be of gravity such that we are circling more then once now, its a process by which I hope we are projected forwards and upwards with some momentum to break free of this 43k orbit and finally make some new prices.
Of course we can fail some and go lower, nothing is for sure but Im quite hopeful BTC is positive trending at the moment for a variety of reasons. I still wouldn't estimate massive gains especially but its not always signaled and clear to everyone.

Reid

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It already came before and after the approval of the Bitcoin ETF. Now, we are on a process of knowing what will come next. But I won't worry, there's more bull run that will happen because it ain't over yet. There are many applications for Bitcoin ETF approval and every news about it going near is probably a hype being resurrected especially in social media.
I'd just be patience if I were you, for now. HODL if you can but if you have altcoins you better monitor them everyday because it's difficult to know where they will go.

Davian144

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Quote from: |MINER| on January 27, 2024, 09:02:44 PM

No dude. It is just a effect of news ETF approval beside the halving season comes to near. And that is why we are seeing the changes on bitcoin price and I also think that Bitcoin price will going like this way untill the halving period ending. And if you check the previous bull run season then always bull run start after the 1years of halving season.

Previously this was the case, but I hope there can be more significant changes when the halving ends this year without having to wait a year to see the bullrun after the halving this year. Because the price changes accompanied by the two aspects you mentioned are clearly visible, so this cannot be denied because it is not coincidental. Now the price of Bitcoin is starting to approach $44K again, but what makes me a little surprised is that the altcoins are not doing very well in the current market at all.

Topic: Is the bull run begun ? (Read 1088 times)