Is the bull run near already? - page 3.

Fivestar4everMVP

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Quote from: Kadal Ijo on August 01, 2023, 09:24:33 AM

I think bull run doesn't seem to be happening in the near future, even today the market is red again so it touches $28k, of course this makes me not think too short term, the thing that might make a bull run is early 2024 because there will be a halving day.

I agree with you but not with the prediction, in the past bull runs I've witnessed, the bull run always happens during bitcoin halving, but then, this is not to say that times are not changing, in-fact, if there be any thing I've been so worried about in crypto, is the fact that the coming bull run might be the biggest and the last of its kind we will see or witness, but then, I don't think it will happen in the early next year as you have predicted, it might take up to the third, fourth quota or even the beginning of 2025 for the bull run to start.

But then again, when the bull run will happen isn't so important, what I think is more important right now is, for us all to invest, get prepared adequately so we wont be caught unawares.

CageMabok

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Quote from: Kadal Ijo on August 01, 2023, 09:24:33 AM

I think bull run doesn't seem to be happening in the near future, even today the market is red again so it touches $28k, of course this makes me not think too short term, the thing that might make a bull run is early 2024 because there will be a halving day.

Right now this is not a bull run condition, but rather a holding condition where yesterday the Bitcoin price, which had fallen to $28K, could still increase back to $30K even though it only happened briefly because now the Bitcoin price has returned to $29K. This means that the current moment is more about the moment for Bitcoin to hold on to $30K before increasing more in the next year, so I wouldn't call this moment a bullrun either.

Because what is happening in the market now is very different from the bull run conditions that have occurred in Bitcoin before, but it will be difficult for anyone to say for sure whether a bull run can actually occur at the beginning of next year, because this also needs to be driven by other effects that can affect market in the next year.

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Quote from: Kadal Ijo on August 01, 2023, 09:24:33 AM

I think bull run doesn't seem to be happening in the near future, even today the market is red again so it touches $28k, of course this makes me not think too short term, the thing that might make a bull run is early 2024 because there will be a halving day.

Historically, the bull season will come just a year after the halving, so expecting a bull run to come before the halving is hopeless. While the market had some good news like the EFTs or the SEC lawsuits were over… it wasn't enough to trigger a bull season. For me, it takes a lot of factors to make a bull market but the halving is still the biggest factor, so I will only start thinking about the bull season after the halving occurs.
What we should expect this year is a rally or larger corrections for buying opportunities, it depends on each investor's expectations.

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Quote from: Kadal Ijo on August 01, 2023, 09:24:33 AM

I think bull run doesn't seem to be happening in the near future, even today the market is red again so it touches $28k, of course this makes me not think too short term, the thing that might make a bull run is early 2024 because there will be a halving day.

It's not yet happening in the future because we're already in it. It already passes many resistances with little retracement lower or rejection going higher. It has no difficulty to trade higher. Impulse moves are more dominant to the upside. I am talking here in a technical analysis stance. This is my bias at the time being and I will stick to that until I am proven wrong. We're still halfway of the year, so we might still get more excitement and changes going forward.

Kadal Ijo

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I think bull run doesn't seem to be happening in the near future, even today the market is red again so it touches $28k, of course this makes me not think too short term, the thing that might make a bull run is early 2024 because there will be a halving day.

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Quote from: yohananaomi on July 31, 2023, 01:24:01 AM

Quote from: OgNasty on July 06, 2023, 10:43:13 AM

While I’ve personally enjoyed the doubling in Bitcoin price since the bottom, I am still awaiting the anticipated bull market for this cycle. In my opinion, the real bull market won’t officially kick off until after the correction that will come immediately after the halving next April. I suspect a bottom around next 4th of July will provide an entry point for a year long run that will amaze people.

I think I really agree with what you said that a bull market has not yet been seen and it is too early to predict.
in my opinion, given the current situation there will be another correction, but this correction will provide a jump before the halving era to come.
of course the correction will give enthusiasm to continue buying and holding for the future.

Bull market will be seen, and to be fair I would consider that time when we moved from 15k to 30k+ levels were a bull run, if people think that wasn't bull I do not know what it was. The price went more than double higher and if you think that's not bull then nothing is bull. So, we may not be at a bull period right now, and I mean literally right exact this second, but we were in bull period not too late ago.

This is why I believe that it is going to work out in the end. We need to make sure that things end up being something that will be benefiting us all without a doubt. I realize that it is not really a good situation to be in, but we could definitely be seeing it change for sure without a doubt, it is just matter of time.

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We've on the prior highs for our current lows so its a retraction but still feasibly bullish in that movement. When it breaks those lows it can be speculated to be a wider and weaker then thought situation but at present it could go either way still and its very hard to say otherwise with certainty for this current period of time.

Hourly bars over the last day or so are holding a fair low which relates to prior highs. If I drew a similar line for weekly closing bar at March start it would be fairly similar at about 29k but beyond that we may have to revise the whole quarter progress to check and verify its valid and thats more like 25k area of pricing. Once that task is done I think we do rise and its fair to plan as much, call that bullish if you like but its not happened just yet.

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Quote from: Ndabagi01 on May 24, 2023, 11:42:00 AM

The CEO of Binance, Changpeng Zhao just tweeted and I quote, he said that;

“CCTV (China Central Television) just broadcasted crypto. It's a big deal. The Chinese speaking communities are buzzing. Historically, coverages like these led to bull runs.

Not saying past predicts the future. And not financial advice.”

Link to Changpeng Zhao’s tweet

Those that have experienced the bull run before, does events like this leads to bull run or signifies that bull run will happen anytime soon?

And those that haven’t bought bitcoin, does this signify that they need to necessitate buying some now before it’ll be too late?

CEO of Binance cz is very talented person. He te bull session is very I think bull market will come within short time. I think Binance CEO tell absolutely correct. I also waiting for bull session. Slowly we are seeing market is positive now. If it will continue then i think bull run is nearest. I think within 1/2 month we will see bull market. If miss within this time my next target is Q1of 2024 Bull session will come. Already we saw some signal of bull market. Because Some days ago bitcoin price was near about $15k and now we are seeing Bitcoin price up and down near about $30k i think within short time bitcoin price will touch $40k then bitcoin price gradually increasing and touch $50k. So i think it is a signal for us about bull market.

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Bull run is coming soon and current year is unpredictable for Bull season because price suddenly go up from 30k$ and suddenly downs back to 28k$ or 29k$ but it is estimated that in 2024 the price will surely goes up. It is also estimated that in 2025 the price of bitcoin will reach to greater value so all those crypto users who don't want to miss this opportunity should buy bitcoin at this lower price.

Bitcoin fluctuates more during current year and no one can predict that when the Bull run will initiate but 2023 is a better year for all bitcoin holders in contrast with 2022. The price now is affordable price so don't be too calm to miss this affordable price because those who miss this chance will regret always when Bull run initiate so try to make an accurate decision.

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Quote from: OgNasty on July 06, 2023, 10:43:13 AM

While I’ve personally enjoyed the doubling in Bitcoin price since the bottom, I am still awaiting the anticipated bull market for this cycle. In my opinion, the real bull market won’t officially kick off until after the correction that will come immediately after the halving next April. I suspect a bottom around next 4th of July will provide an entry point for a year long run that will amaze people.

I think I really agree with what you said that a bull market has not yet been seen and it is too early to predict.
in my opinion, given the current situation there will be another correction, but this correction will provide a jump before the halving era to come.
of course the correction will give enthusiasm to continue buying and holding for the future.

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Quote from: STT on July 07, 2023, 07:52:05 PM

Bull run is alot slower then people expect or hope for. BTC moves in fast sprints perhaps of just an hour or so and then it wanders around for weeks or months at a time scaring some out to sell. Then it can rise again, some will miss the rise because they sold during the wait.
I think we can pullback to an area closer to the 50 day average which is about 28k today, thats not too far in theory but also its the other side of the line we've been holding over two weeks now. The Fibonacci line for ATH to the low is nearby and thats the level we sit on today. I think perhaps we can breach that, certainly for hours, maybe days but will we close a week below that level Im not sure. It seems certain we have to check for weak holders, make them sell then rise thats somehow natural process of the market its not wanting to make things too easy.

It's because of the saying that "The more you expect the longer the thing will come" But if only these people take it easy and won't think of the bull run, maybe it already happened last time. They also say that "If there are winners, there will also be losers" This is the reason why BTC need to act like the one you're telling.

We might feel guilty about it but I think that is better than if you are the ones who will lose or you won't earn anything at all. The price of BTC is still standing strong at $30k therefore I don't think we can get on that $28k you were assuming. At least not today but we don't know maybe we will get there soon if there is a strong negative news that will come.

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Quote from: gunhell16 on July 08, 2023, 03:03:30 AM

It is obvious that we are not in the bull run yet, the season you are talking about will happen next year, after the Bitcoin halving, that's when we will know what will be truly perfect, but now everyone can only say assumptions one of us here in this industry.

So as long as we still have time to save, let's do it, let's not waste time to make DCA as much as possible, as long as we have the opportunity to take advantage of the opportunity to have holdings.

Yes, instead of always expecting the bull season to come soon, we should take advantage of the bearseason, bitcoin is still cheap to collect as much as possible. In my opinion, the bitcoin price increase will only make sense when we already hold the majority of bitcoin or have enough with our goal. If we don't have bitcoins or too few bitcoins, the price increase will be meaningless for us, so bear season is not over yet, which is more encouraging than sad. I have never had a bad feeling in the last 2 years as we live in bear season, everything is still going very well for me.

gunhell16

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It is obvious that we are not in the bull run yet, the season you are talking about will happen next year, after the Bitcoin halving, that's when we will know what will be truly perfect, but now everyone can only say assumptions one of us here in this industry.

So as long as we still have time to save, let's do it, let's not waste time to make DCA as much as possible, as long as we have the opportunity to take advantage of the opportunity to have holdings.

STT

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Bull run is alot slower then people expect or hope for. BTC moves in fast sprints perhaps of just an hour or so and then it wanders around for weeks or months at a time scaring some out to sell. Then it can rise again, some will miss the rise because they sold during the wait.
I think we can pullback to an area closer to the 50 day average which is about 28k today, thats not too far in theory but also its the other side of the line we've been holding over two weeks now. The Fibonacci line for ATH to the low is nearby and thats the level we sit on today. I think perhaps we can breach that, certainly for hours, maybe days but will we close a week below that level Im not sure. It seems certain we have to check for weak holders, make them sell then rise thats somehow natural process of the market its not wanting to make things too easy.

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Quote from: benalexis12 on June 06, 2023, 03:18:11 AM

We are not in a bull run yet to be honest, though sometimes others say we are at a bullish stage level. That depends on what is happening now in the market. If there is a lot of news Fud happening in this industry, its cryptocurrency values in the market will be pulled down. It will only really happen that we are in a bull run when the value of Bitcoin is at 40k$ each which is more than I think.

And after a month after you post it then, we go to $30k++, hit $31k this July. But still a very long way for us for $40k, we need more positive news like the approval of Blackrock ETF. For sure if this happens then it's going to be a huge jump in price, maybe not just $40k, we might seen at least $50k at the end of the year. But the real bull run is still next year, after the halving and then we will slowly goes and reach new all time high in the next 2 years. Funny thing is, we think of it as a long way to go for us. But we all know how time flies, next time, it will be the end of the year. So just continue to accumulate and wait for the eventual bull run next year to get profits.

OgNasty

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While I’ve personally enjoyed the doubling in Bitcoin price since the bottom, I am still awaiting the anticipated bull market for this cycle. In my opinion, the real bull market won’t officially kick off until after the correction that will come immediately after the halving next April. I suspect a bottom around next 4th of July will provide an entry point for a year long run that will amaze people.

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Quote from: benalexis12 on June 06, 2023, 03:18:11 AM

We are not in a bull run yet to be honest, though sometimes others say we are at a bullish stage level. That depends on what is happening now in the market. If there is a lot of news Fud happening in this industry, its cryptocurrency values in the market will be pulled down. It will only really happen that we are in a bull run when the value of Bitcoin is at 40k$ each which is more than I think.

I also think like you, friend, even though if you look at it from the beginning of the year, it seems that there has been an increase, but it looks like this is just a mere surprise, it won't be sustainable.
so far there has been no sign of a bullish market and there is a possibility that a correction will always occur, apart from the fact that there are lots of FUD news that are continuing to occur, but what is clear is that there are no signs that the world economy has improved, because inflation is still occurring in several countries. I think maybe not only will the price be closer to $40K but it will likely be closer to the end of the year and there will be signs towards it.

benalexis12

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We are not in a bull run yet to be honest, though sometimes others say we are at a bullish stage level. That depends on what is happening now in the market. If there is a lot of news Fud happening in this industry, its cryptocurrency values in the market will be pulled down. It will only really happen that we are in a bull run when the value of Bitcoin is at 40k$ each which is more than I think.

Lamkuthang

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Yes, it looks closer and not for this moment, look at today's BTC price of $26,745 although it has dropped a bit now but still reasonable. this may also have something to do with the US debt exceeding $ 31.4 trillion and the tentative agreement to increase the money limit so that the response of BTC in the market will be more positive again. But, we musht be a smart, careful user, you also have to be vigilant if there is a negative sentiment that comes in so that it has an impact on decreasing prices again on the market. Maybe Price tomorrow be better.

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Quote from: usekevin on June 03, 2023, 02:59:38 PM

It was expected one to get good news from the China government.When the China had their influence in the cryptocurrency industry,it leads to huge profits for the long term holders.The population of the China was top the world population,So we had a good market manipulation in upcoming days.China had a potential to change the bear to bull market in a short period of time.When the fifty percentage of young people in the China had their investment in cryptocurrency and bitcoin.It will make the bitcoin to reach the long waited price of 100k dollars in a very short period of time.

Well, it was believed that China has a huge influence in the global market and could uplift demand. Yet. the situation now is likely changing, people are getting smart and now have to analyze the market. Even we can say that many Chinese people are investing in Bitcoin but haven't thought it was enough to move the price of Bitcoin too fast. Because I know that some of them are impatient as well, they'll drop off their BTC someday. I believe that the price of Bitcoin will rise again but not because of China but because investors are holding together.

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