Topic: Is the bull run begun ? - page 4. (Read 1087 times)

Why can't we say the bull run has started, the price of Bitcoin is far much different than where it was few months ago, just alone we not yet gonna see Bitcoin hitting new ATH so soon but definitely in no distant interval after the halving. Likely as you said, now is still one good opportunity to buy Bitcoin and Hold.

I think it's still too early for bitcoin bulls, because there are still a few months until Q1 ends and after that we will be approaching the halbing, and the effects of that will occur several months after, it could be 5 months after the halving.
buying in increments now is also a good option.

It is possible for the price of bitcoin to remain at the current levels for quite some time, after all the whales will want to accumulate even more bitcoin before the price skyrockets, so they may decide to manipulate the price a little bit for their convenience and only allow the market to take its natural course once they are finally done with their accumulation plans, still we must see this occurrence as an opportunity for us as well, since this could allow us to buy bitcoin for a good enough price during the next months.

No one can never know the future. Instead what we can do is just make speculations and estimations. If we see Bitcoins following a particular trend, then we can know that whether the market is going to be bearish or bullish. Currently seeing the scenario then price has fallen 4k usd then the ATH price of this month. So I am assuming this is just the price correction for now. But this doesn’t mean that Bitcoins are in bearish market. Like the history, this time it is meant for Bitcoins to cross the 69k usd mark. Let’s hope for the best.

Well, at times, it might be a misconception and this could be misconceived by the improper conveying of the disposition of the poster. It might be the long-term disposition of the coin which is obviously bullish. However, the short-term disposition is now bearish and if care is not taken, the coin can maintain this till further notice. That is if it would not breach the unexpected levels lower before the halving.

It has even done very good work without halving, it might still do though. Moving almost $25,000 upward in about 5 months is massive and even halving didn't do more than that in such a few months. What I suspect now in the next couple of weeks is a deeper correction, this is due enough and all of us should embrace it. peradventure, if the bull run starts again, it will be easy for us to know.

Yeah, the much-anticipated halving is this year, I know Bitcoin will move higher for sure and it would have been dusting off the current bearish dominance when it is getting closer to that day. This should start this year and might end next year before another fresh set of bearish seasons will happen. I hope Bitcoin can perform well this time, there is no much obstacle stopping it in my thought but only for the too many expectations, it could backfire if care is not taken. The market psychology could be unexplainable at times even as nothing is certain.

nobody holds the prediction of Bitcoin at hand, and I believe directly that Bitcoin as a cryptocurrency can rise at any point in time and also depreciate at any pointing time, so making a prediction of Bitcoin is not something someone can be dependable on or being reliable to but the process whereby some people that bitcoin price the continue to accelerate throughout this year I don't think that that statement is proper or is accurate because the market of Bitcoin is unpredictable from the beginning I know Bitcoin the value does not remain constant.

In my opinion - bitcoin price has been recovering since January last year and this has led to higher market cap. We are close to the previous ATH of $69K - but so far it has failed and stalled at around $48,500. The lowest price in 2023 was around $20K - but since then the price of bitcoin has tended to increase and never fell to its lowest area again like in March 2023.

Ahead of the halving - all users are increasing their optimism about the increasing value of bitcoin in the market. ATH is the biggest hope for the upcoming bullish trend - but no one can really guarantee that ATH will be achieved. There are a lot of analyzes and predictions about the new ATH after the halving - but I think they don't seem real yet.

Many people are looking at the halving event to determine the bull run but unknown to them that Bitcoin has been bullish since the last quarters of 2023. Price stalled at different levels but it certainly didn't disappoint as it shook the drag down off and continued north. If anyone is waiting for halving in April before they buy, they're most likely going to miss a fair price. For me, price always rallied up a few days before the halving event proper. From the last experience I had in 2020, ATH is expected to be a year after halving. It could be around the month of halving too. Nevertheless, I would like you know that this isn't a financial advice. I'm also just speculating.

you can say that we are into a bullrun because of the nature of the market so I believe that the market is something that I know that is not constant it can fall down and it can also increase up so that is the nature of the market because before now the market is already in 47,000 and the letter countdown to Almost 40,000 so that is why you cannot predict the future and they cannot say totally that we are exactly in a bullrun

The price of bitcoin has started to rise since January 2023, but many people may not consider it a bullrun and it is just like a recovery. A bigger bullrun can be expected after the halving, I certainly agree with that and it is a possibility that is also inherently uncertain. It is always difficult to predict prices especially when it comes to assets that fluctuate in price like bitcoin, but considering its fundamentals and history then I am personally also optimistic about higher prices in the coming years.

The approval of a bitcoin ETF this January caused the price to spike drastically, but it only took a few days for it to return to $42k. Currently, CG notes that the price of bitcoin is trading around $43,179 with a market cap of $846,289,947,684 as I write this. This indicates that there has been a price decline in the last 7 days of -5.3%. Prices will recover, but some negative sentiment and belief in past history may cause prices to correct again before the halving.

We cannot really know yet. By expectations, the bull run should occur after the halving event, and after some months of it, and the halving event will occur approximately in April, this year. However, by definition, a bull run is when the market and the prices of assets are going up, and we can see that happening, although we are not sure if this will continue or if we will see the market declining soon and have a healthy correction taking it back to around $36k or something.

The current uptrend is providing great scalping opportunities to day traders because a lot of altcoins are performing very well. BNB has managed to go across $300 again which wasn't expected to happen this soon. I was thinking maybe it will hit $300 again only after Bitcoin goes above $50k or something.

Personally I don't consider recent price action manipulation what so ever, usually this would be when there are large swings in price (up or down) and there is no news or reasoning for it. Whereas in this scenario, price dumped literally 30 minutes after the ETFs launch. Then you look back at all the other Bitcoin-based products and how their launches went; CME, CBOE, Bakkt and ProShares for example - price dumped almost instantly. Most notably too, price pumped up until the days of the launch, but in each scenario the price dumped after as the buying pressure was based on the upcoming launch, not the launch itself.

Many simply got complacent if I had to guess. Just like in 2017 with futures launching, the announcement arrived at $5K, and the general belief or understanding was that price would continue to the upside until the launch date. Sure not many expected $20K to arrive, but otherwise it was accurate that the "buy the rumour sell the news" meant that price would continue upwards until the launch dates.

I don't see anything different with these ETF launches either, sure it's a different product, but the concept remains the same. There was a lot of belief that they would be approved in October, and therefore price increased from $30K to $49K, seemingly unstoppable until the launch date, again much like 2017 product launches, as news continued to suggest approval. Then once launch arrived; price dumped.

Same story different year if you ask me. The "this time it will be different" crowd would do well to note that until things actually occur differently, they probably won't.

BTC is being stable and sometimes dumping. So I don't know why there are people who can say that it's in a bull run. But maybe they think it is, because BTC's value last time was lower than what we have right now. Though the increase was still small IMO. It's more of a recovery only or a mini pump, while a real bull run is when BTC reaches a new all-time high and then other cryptos are rallying as well. Bitcoin bull run can start even without halving, although it can contribute a lot in its price. We are now in the year of 2024 mate, and this is the year where a Bitcoin halving can occur but people are optimistic and thinks the momentum can be carried out in the following year/s.

Seems like we end up getting a smaller bull, sort of "calf" if you will basically. We do not get super high, but we have gotten high small by small. I mean it's been a while, but we have moved from under 20k to almost 50k now, and it all happened in like 6 months or something, that should be pointed out.

People are so used to seeing some crazy increases at all times that they think that it is going to be a crazy big period, well maybe this time around that may not happen? Or it just hasn't started yet, we are not seeing anything major yet, that could mean that we are going to end up with something that might be troublesome one way or another. I get that it is a tough period but we need to end up just waiting it out to see.

I think the current market conditions have gone up in the last 3 months so we have to be prepared for a downturn before the halving starts, but some people also deny this and think that bitcoin will continue to rise until the end of this year, we don't know which is true, but sharing our opinions is also not a bad thing to exchange ideas.

If everyone is waiting and talking about a crazy market bull run, bitcoin making new ATHs and many altcoins delivering thousands of percent returns, then clearly we are not at that stage yet. But to say that 2023 and 2024 are not bull years is not entirely correct. Since we can see that bitcoin has increased from 17k$ to 43k$, many altcoins are also giving significant profits x2, x3...So it can be said that the bull race has begun and the bear season has truly ended.

Looking at the current run of Bitcoin people will surely say it is a bull market, but I would say no. Because the bull market hasn't started yet but is about to start when Bitcoin halves next year. As our Bitcoin halving is more likely in April 2024, we will see a Bitcoin bull run next year in 2025.

The movements of Bitcoin from almost $15,000 during the last weeks of 2022 and in the wake of 2023 is a positive sign that the market was bullish, though it is not the major bull run that was expected, but still, it was still a bull run and at least doubled the size of the coin over time. However, the market became challenged as it hovered in a tight bound until the ETF activated the major bull run that made it hit almost $50,000. The market is now very optimistic that it will continue to rise, though having trouble now due to some post-ETF approval issues, but with time, I know that Bitcoin will continue to rise again even as it honours the $35,000 and not break its for whatever reason.

I know that $40,000 could be threatened due to ETF events even though I never expected the approval to cause much of the falling we are experiencing now, it is the rejection that should have done it. Maybe because of the too much hype that we are seeing this present retracement. Regardless, we will make a good success with its recovery over time as this setback is an opportunity to even buy lower.

I think the bull run already begun when we climbed from $20k up to this level, though I don't doubt another run will come but I think we may see a drop before we begun to see the generational bull run we may come across. For me it's no trap  but just normal thing in crypto, it's not a straight up bull run, we may see a roller coaster

What you currently observing in the market can be associated with the much noise around Bitcoin in the current market sentiments, starting from the ETF approvals by SEC to the anticipated halving and the bull run in view, all these put together brings about some panic buying and further increased volatility which has pushed the price of Bitcoin up above where it's been earlier but then this is a time where we should me more mindful about our funds and entering into the market because the next move is only in anticipation and not in complete surety so if you would want to get in on the current trend use the amount you will be able to losses should Incase there's a reversals.

But just before the halving we should be expecting some corrections and after which the setting in of the bull run which has been long anticipated so at their point it's advicable you conservatively go into the market.