Topic: Is the bull run near already? (Read 1103 times)

It's not a guarantee but for sure people or investors who believes that the market will pump are continuing to buy more cheap
coins while waiting for the bull run.

There are traders who keep on buying and trying to work with their investment in order to earn more coins. They are anticipating that the
market will be good since halving is on the way.

It's your understanding that will let you be more patient and allow you to keep holding after buying your coins.

This is why people cant really just that wait and keeps on having that kind of speculative approach and feeling or emotion towards these kind of prices which they do assume out basing on what happened in the past.

For those new people then they would be basically be making out those price assumptions and predictions basing up on what they havent encountered before but since everything is written in history then we could always make  those manual checks and be wary on what are those movements that had been done. This is why making up research would really be totally relevant and something that you should really be
realistic on having those kind of price predictions and anticipations. In speaking about bull run then we do really have that 4 year cycle as we do all know and usually BR do kicks in on the time that halving
event of Bitcoin did already happen or just a few months after that on which we can really tell that this might be the time that it would really be making out such move.

Everything which is before the halving event is something that we can really tell that it would be making some start on that point which its unlikely or didnt really happen before.
This is why people had already been that anticipating that it would comes after which it would be a normal approach i should say.

We are going to end up seeing what's going to happen, everyone knows what happened in the past and everyone knows what to expect from the current situation as well, we are going to be waiting for this to make a difference as well and see if it will actually make any difference at all. That's the important thing, we need to make sure that we know what we are doing and how we can improve it.

I know that it's going to take some time but if we can actually make it happen, then it's going to be fine for sure, it's going to get some attention. I hope that people could make some big changes when the time comes but it's not going to be that easy. Hopefully if we live exactly the same, then there will be a lot of us who will make a lot of profit for sure.

This normal increase in Bitcoin cannot be a Bitcoin Bull Run because this is how the price of Bitcoin will continue to improve. If we look back to the month of January, the price of Bitcoin was 15k. But from there, the price of Bitcoin has been steadily rising to around 29k. And for a long time the Bitcoin market has been moving in the same direction as the Bitcoin halving in 2024 is awaited. And investors will continue to hold bitcoins this season and only hold enough bitcoins until 2024-25. Because the bull run will continue already, which is a huge benefit for investors.

That's right, not for long of course. Going forward, what we will hear in the near future is that Bitcoin will become the first global money. So, my advice specifically for those who are still confused and don't understand, it's best to first understand the Bitcoin Bull Run Cycle, because I think it's common knowledge. Well, if we look at and pay attention to market behavior, something that experiences an increase will experience a decrease, and vice versa. Why? This is because investors will accumulate purchases when prices are cheap so prices will rise. Then, it will sell when the price is already expensive which causes the price to fall. So, if it's been read, are we still monitoring? of course not, right.

In Feburary of this year we failed in a test of the 200 week average, this measure marked the highs of that initial recovery in pricing.  We fell back and it appeared BTC was still weakened and crawling on the floor maybe going lower.   Now its consistently done far better and we have risen above that same long term measure.  If we want an inverse of that test, a fallback but staying above positive the 200 week then the best measure of a bull run prep is to fail in pushing downwards.
  So 200WMA is 25k Feb and about 27.3k now, its important to note that MA are not volume at that level by themselves its merely an amalgamation of pricing not even the volume so its an approximation of momentum but the market also will tend to give it significance for speculative trades I think hence we seem appear to bounce at such levels despite no distinctive extra volume being there to hold or resist pricing.  My personal guess is to that indicator alongside the price action from March to June and guess about 28k for where we should be holding to prove any downtrend move in this phase has failed to gain traction ie. its unprofitable to be short etc.  hence we could rise from there.   Only then do we really have proper grounds to talk about bull run imo.

We're getting closer to the date which bitcoin reward is going to halve into two so we're closer to the bull market than we're closer to the bear market. With the stage the market is currently at, you won't lose when you invest in Bitcoin. If the price was to dip it'll come back up.

Right now is when we should be accumulating Bitcoin because the price might increase rapidly just as it did the last time and caught many people off guard. The price of Bitcoin is waiting for a positive news to move the market because it has been stable for a very long time.

Bull market might start from the ending of the year or by early months of next year because investors will be accumulating bitcoin as fomo will begin to get into the market as investors won't want to miss out of holding bitcoin before the halving then all time high happen in 2025.

The lifting of cryptocurrency restrictions in China can indeed be an influence for bullruns, but I don't really care about news about things related to China because in the past there were also lots of news about China regarding cryptocurrency. But everything went beyond the predictions of many people because other countries can also have influence on the bullrun on the market, so for now I no longer see China as a specific reference for bullruns.

In terms of opportunity and opportunity, yes, it's still pretty good to buy Bitcoin under $30K because the bullrun forecast might not be around for a long time although I also don't think that it will happen in the near future so I would also recommend continuing to buy without thinking that is because one day it will indeed come when the time comes.

I think there is still an opportunity to buy Bitcoin as we expect a bull run towards the end of the year.  Since China has lifted restrictions on cryptocurrencies, the market may be more likely to turn bullish. A bull run tends to occur towards the end of the year.  I think we haven't reached the bull market yet so it's a good chance we can buy cheap.  As Bitcoin has moved from 15k to 30k+ levels we can assume a bull run season is coming.Even if the market does not reach a bull run, good profit can be made from the change in price observed at the end of the year.

Yes, I'm seeing that we could be stuck in the next few months again, sideways patterns that we used to at the start of April and has been going for about 2 weeks. So for some it's a bad sign because in a sideways pattern, no one is profiting and it was like going on a flat line.

Nevertheless, still a time of accumulation because the price is still cheap and it's a great opportunity. We could be using DCA strategy to do that and then wait till the halving next year as this is the official start of the bullish trend.

The price drop that had occurred from $31K to $29K in Bitcoin is perfectly normal if it was caused by investors taking profits. But I don't think that this is the work of Bitcoin investors, because most investors usually don't like to take small profits in the near future or a short time after investing. So this is more directed at the actions of traders who always really like to take profits quickly in a short time so they choose to sell before buying back at a cheaper price.

Resistance does need to be broken by Bitcoin, but it will also be very difficult to happen if buyers are still considering buying at a lower price. Because if there are no buyers for gradually higher prices, maybe price resistance at current levels will still last until the end of this year. Although I also estimate that the range of $ 40K can indeed be reached this year.

I know about the news of Huobi being rumored to be going bankrupt but this has been denied by them as nothing will happen although we are concerned that this will hurt the market which is on the road to recovery.
I believe Huobi will definitely survive despite the bad news, I have to shift this view to bitcoin which is more towards halving in 2024, have to wait a little while making regular purchases.
Remember negative news will never disappear it will always be there so take advantage while this is a positive for you to have more bitcoin.

If we look at it from the time structure, it is still quite far to count until the bullrun arrives, the halving catalyst which is an indicator of price movement is also still quite far away and I think if we wait for it day by day it will be very long and tiring, letting it run as it should, it will make time go faster.
The bitcoin halving is currently 258 days away, of course that is a very long time.
After next month is the final quarter of the year, so let's hope that time flies fast and we enter the space in 2024.


Yeah maybe we won't be happy on the way forward, some time I came across information that Huobi has a problem, what I'm afraid is they become like FTX that crashes the market, hopefully that doesn't happen to Huobi and bitcoin can continue price development without any such pressure.

I think so. It looks like we are not going to have much joy in the next few months, and this almost flat price development will continue for a while longer. In the remaining 8 months or so until halving I expect the price to rise but not significantly. Only after the next halving I expect the good things to start, what we are all waiting for.

Still take months for us to see the bitcoin bull run, we have to wait for it's final catalyst of halving before we can say that we are going to be in bullish state and it might run for another year or two and then we will see a new all time high.

So for us it looks like it is very far, and yet we all know that in crypto, how time flies. Next month we will be in the last quarter of the year, and after that end of 2023. We just need to be more patience though and wait till next year and then March we will have our block halving, give or take a few more days.

That kind of strong momentum may lead investors to show good support and start to throw money inside this market, it's not easy
though, as we players are just riding and trying to make more money.

But yes, if that new resistance will come up and support will continue to hold, we might see a good rally and may spark the momentum to
bring that strong bull.

All depends on how support will push and make that run to happen.

At the current state of the bitcoin market it will surely run into the bull market very soon. We have already seen many predictions on social media that the Bitcoin market will once again reach all-time highs in 2024. Bitcoin price will be in a good position when the bull market starts from the current position. We have seen that every 4 years Bitcoin halves and during that time cryptocurrency markets tend to rise. A few months ago the Bitcoin price was in a good position but now we are back to a position that is very close to a bull market. And according to the predictions of the wise men that we have seen, we can certainly indicate that the Bitcoin market will once again develop and go to a higher level.

But what if in the end the price of bitcoin is not what many people think it is? I mean the price will not touch ATH after 2024 halving.
Anything can happen to an asset that has a high fluctuation rate like bitcoin, but bitcoin has also been chosen by most people just to make a profit and get out. Of course this will affect the value, but that's how the market works.

I also think that it is good to be optimistic about higher prices for bitcoin. Bitcoin has proven that it is an asset that performs well even during inflation, but we can never guarantee that this will happen in the future. Only hope and patience and strategy adjustments can help us get a return, but we are indeed on the way to another bull run.

Looks like its getting closer. I get that some people may not end up seeing it work at the time but that doesn't mean that we are going to not have it soon enough. I think its quite important to realize that we are at a stage where its going to be quite possible for the price to make as much profit as it possibly could. I think its going to be a great situation and we are going to end up with a great profit in the end. I get it, its not easy to be optimistic about bitcoin price after 1.5+ years of bear market and this is why everyone is trying to be more decent about it. But that doesn't mean that its going to fail, I think its going to be as good as it gets without a trouble from here on out.

You are probably right that bitcoin needs to break resistance and make it a support to start a new trend in the cryptocurrency market. But globally now many coins are at the bottom for a long time. It will not last long and a bull run is bound to happen.