Topic: Is the bull run near already? - page 7. (Read 1089 times)

One time for sure is that the price today can manage close above 100 EMA meaning is like mid-trend for bull at 26K. So it is the bull run near I would say the bear is near to end.

and according to coin glass like what taufik123 said


We might see mini bull run maybe can close above 30K level at July

Remember that Binance as well goes out of China if I remember it right, so CZ really knows a thing or tow as how the Chinese government works specially with crypto exchanges that's why majority of them leave China for good. And some people might see this as a positive development, as it could lead to increased regulation and oversight of the cryptocurrency industry in China.  But once some of this FUD is gone then there will be an increase in the price of Bitcoin and a bull market will come soon. Now just need to buy and hold, it's the best thing now.

All hope is on next year's Halving. But for now Bitcoin is still in bear mode. it's no wonder that bitcoin is still bearish because some FUD keeps showing up to keep bitcoin from going up.
But once some of this FUD is gone then there will be an increase in the price of Bitcoin and a bull market will come soon. Now just need to buy and hold, it's the best choice.

I guess this is the most important part rather than impactful good news. I believe now is the best time to buy bitcoin if they haven't already by 2022, I mean obviously because right now the bitcoin price is low enough to consider. We are still at -61% of bitcoin price to ATH 2021, so if they are confident enough in the long term return potential, then I guess they should buy it for whatever amount they can afford to lose.

Of course I don't recommend them to 100% invest their budget in bitcoin, but having some spare budget is also necessary. They can buy with a DCA strategy or something, this is meant if the bitcoin price goes down instead of recovering as expected.

There was a time when news like these would have an impact on the price but back the the price of BTCitcoin was below $1k but at the current situation news like this will not have an impact. The transaction charges once again jumped up in the past few days and it is highly unlikely we will see a big rally with situations like these.

The price is volatile and you can always enter the market whenever you like and if you are smart enough you will be able to earn a good profit in the long term and the notion of too late is not appropriate as you always have the opportunity to enter but the profit percentage might change with the delay in taking positions.

And yet Bitcoin is banned in China. I don't think the new will have a huge impact because the government of China is still firm on their decision.  Unless China reopen its country to Bitcoin by lifting its ban, any news about Chinese activity on Bitcoin will do nothing.

A country's acceptance especially if it belongs to the top country can bring a huge impact on the market but small news like that will never move the market nor cause a bull run.  Bull run will happen because it is already due and the catalyst for it is about to happen in less than  year.

Right on point, we are still in the bear season, one can buy or invest in bitcoin today and hodl, we are already close to the bullrun as expected coming next year 2024 after the halving has taken place or when close to it, this event will surely come and not until then, those that have invested and are still holding will enjoy the ride on bullrun, the best digital currency to always go for still remains bitcoin and no other.


Something is telling me also that maybe China want to take advantage of this year bullrun to invest and make more money, seems they are taking the ban on bitcoin with liniency this days or they are just pulling down our legs, we cannot predict what they are upto once it comes to discussions on business.

The link to the broadcast can't be accessed, maybe it got deleted because it was miscast? lol

Crypto ownership is still legal there^[1] and can only be traded (probably) only between Chinese people on a p2p basis as long as all trading services are prohibited. Not a return to relaxed bitcoin mining rules, the real hope is that China can return to welcoming crypto businesses again. They were once the country with the most fertile crypto industry.


1. https://freemanlaw.com/cryptocurrency/china

But in fact there is no reaction to the price when there is this news, so it is still very difficult to determine when the price will go up and down, even though we have done an analysis of the current movement, it is not too significant that I see.
I guess with buy/sell orders it's become commonplace but I'm always on the news it's always affecting anything and bitcoin has a history where at certain times it's going to be a real bullrun it's stated after the halving and how we'll see of course hoping for a lot more after that event.

Some people might see this as a positive development, as it could lead to increased regulation and oversight of the cryptocurrency industry in China. This could help to protect investors and prevent fraud. Also, it could help to legitimize the cryptocurrency industry in China, which could lead to increased adoption.

The impact of this development will depend on how it is implemented. If the government is able to strike a balance between regulation and innovation, then it could be a positive development for the cryptocurrency industry in China.

Of course we support opinions or news like that because it can have a bit of a positive impact, especially for those who are interested in Bitcoin who follow Changpeng Zhao on twitter.
If we remember a little bit of the past, news like that often appears on our social media home wall but the big impact on increasing the price of Bitcoin is not that big of an impact.

Those of us who still have a strong grip and still have an optimistic attitude towards the achievements that will be achieved by Bitcoin do not really care about such news, although we hope that the many opinions and news like the one tweeted by the CEO of Binance can push for the better. or it could push the market price stronger.

How soon is soon, according to you? Days? Months? A couple of years?

After it broke below 26500, Im doubtful about the next pump. 20k-22k range is more likely imo. Lets see in the next upcoming weeks.

We all know that Chinese community is such a big community and whatever is being hyped there, surely people will also invest heavily just as what the crowd says for them. We know the system that's currently working there and whatever the state says, people will have to obey. But even if the majority of the crowd and its communities wanting to say to their government that Bitcoin is great and it shall bring them huge profit, they can't do anything against the likes and policies of their government. They're CCP and whatever they say will be followed by its people and that should be followed and becomes the law, banning or unbanning, favoring or unfavoring Bitcoin.

Even though the market looks difficult to go up but I'm sure the bull run will happen soon, before the bull run happens of course we have to have good preparation, namely by buying more, we will cry and regret when the bull run happens and we don't buy when the price is cheap, then hope the price is down and want to buy, now the opportunity is there and don't miss it.

Definitely these type of events really affects the price a lot. You need to understand when does the price of the coin increases or decreases. So basically the price of the coin increases when there are more buy orders then sell orders for coin. In short if the demand to acquire the coins increases then the price goes up. Simple example of demand of supply can be seen when the price of the coin goes up. Moreover these type of events, create interest among many people to acquire Bitcoins, and hence price goes up and we see bull run.

That's right, and if ever there is a bull run already, we will have all the signs, not just a news from China, it should be the bitcoin halving that will cause this whole market turn into green again, just like in the last bull run of 2017 and 2021.

So still we're in the bear market, China will not caused any bull run, sorry to burst the bubble to the OP. But for sure, majority of us already knows, that, I mean in the beginning China used to be the hub, as they have control of bitcoin mining. But since the government take that away, there impact is less significant now.

Maybe not big for now since its just a noise but if those chinese communities succeed to convince their government to allow crypto in their country again for sure this event could create huge impact and might it can trigger a bull run. Chinese communities is huge so for sure they can lift up anything on crypto stuff and might their government presence can open up more adoptions since many might think about following those actions. But this is just a dream for now since it looks like Chinese government has strong stand towards crypto and might we can't see them agree to what those chinese community wants.

News like that may indicate a Bitcoin bull run will come soon, but you shouldn't get your hopes up because we also don't know when a bull run will come. In addition, the condition of the crypto market is still not good, where the price of bitcoin is currently still at around $ 26k so it still needs a lot of time to start increasing again.

But if there's more positive news and more mass buying, maybe that could trigger an earlier bull run because, at that point, people will think that a bull run is coming and they don't want to be late to profit big. We just hope the price can increase above $30k-$35k to lead to more price action.

And you should not listen too much too uncertain things so that it won't distract you from your focus on buying Bitcoin. Now is a good time to continue buying Bitcoins, so just use the time now to buy more.

Remember that Binance as well goes out of China if I remember it right, so CZ really knows a thing or tow as how the Chinese government works specially with crypto exchanges that's why majority of them leave China for good.

As for the bull-run, we are done with the Chinese as far as their involvement in bitcoin and the rest of crypto when they ban mining and other countries has taken over from them. So you are right, we shouldn't take this news as positive as suddenly they might chance their stance and ban it again.

Looks like it wasn't the case because since that happened in the 23rd or March, Bitcoin's price went up a bit, and since then, it was a downfall from around $26,800 to now near $26,000. Well it wasn't a huge downwards movement, but it just shows that this news has little to no effect towards the price of Bitcoin.

As for CZ's tweet, maybe he thinks that his tweet has a huge influence towards the price of Bitcoin just like when Elon Musk tweeted something about DOGE a few years ago, but it seems that it wasn't the case at all. Overall, I don't take these kind of news a bullish one especially when it comes from China.

I'd rather believe in cycles than these type of news causing the bull run to happen. I saw bull run twice already, and what I say is that, these types of events or news whatever isn't a sign that the bull run is coming. A good indicator for a bull run is the Bitcoin halving date because in the past 2 bull run, it happened months after the halving happened. It might happen again after the halving in 2024, or it might not we don't know.

Relying solely on news on when to buy or not isn't a good strategy. I'd rather rely more on the charts than on the news, and that's why there are times where we must know how to read charts because we can see on the charts whether it's a good time to buy or not.