Is the current bitcoin bull run confirmed now ?

boyptc

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From $72k down to $67k and then now to $62k. I'm not scared at all but this is a healthy correction that must to have, and must happen.

Quote from: Zanab247 on April 13, 2024, 07:37:34 AM

Based on what is happening to the market, and the price has dumped to $67k is like bear run is very close to the market

Folks keep on saying that it's a bear run but look at the chart even just to start with the month of January this year. You should look at the brighter look of the charts and not just with the 1-day frame.

Quote from: Zanab247 on April 13, 2024, 07:37:34 AM

hodlers still have the opportunity to market their BTC before the long bear season will occupy the market.

Why need to market when we can just HODL and buy? You mean to sell? too early to sell but if you want to sell and you're happy with the gains, you're free to do it.

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Quote from: DanWalker on April 07, 2024, 08:02:06 AM

It depends on how one views the market and for me, we are already in a bull market. But even though we are in a bull market, that doesn't mean bitcoin will never have a correction or decline. In a bear market there will also be times when bitcoin recovers and in a bull market there will also be significant corrections. So, don't be subjective in thinking that if we are in a bull market, bitcoin will never decline or correct.
In my opinion, when investing we just need to set goals, stick to the plan and only sell when bitcoin reaches the goal, don't think too much about when the bull season starts or when the bear season will come. I wouldn't even sell my bitcoins if things didn't go as I expected, I'm willing to wait a little longer for my investment because it's not my only source of income or investment anyway.

I have to agree. The fact that we are now seeing a consistent bullish price with bitcoin after it crossed over its previous ATH, then I must say we are actually seeing a bull run now, although the final bull run has certainly not come yet. But still, corrections are inevitable, most especially that we are almost near to bitcoin halving, then correction might be tight this time. However, what’s important is that we are seeing a new all time at the end of the day.

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Quote from: DanWalker

It depends on how one views the market and for me, we are already in a bull market.

If you release your BTC to the market like the way other hodlers are selling their BTC since last month till now, you will have something good to earn from your investment and you will not regret when the price dump again.

Based on what is happening to the market, and the price has dumped to $67k is like bear run is very close to the market which hodlers still have the opportunity to market their BTC before the long bear season will occupy the market.

Quote

I wouldn't even sell my bitcoins if things didn't go as I expected, I'm willing to wait a little longer for my investment because it's not my only source of income or investment anyway.

I only observed that kind of mindset from long term traders, if the price of their target is still far from the market, they will not trade their BTC till the price come to stay before they will start trading to make profits from the market, which is the best mindset newbies should acquire.

philipma1957

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Not yet. Miners are facing a disaster in 10 days or so. Time will tell around April 20 and 90k means bull in in.

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Quote from: krishnaverma on March 31, 2024, 12:50:52 PM

We had bitcoin touching even $70k not long ago. It has almost doubled in few months. Is this the sign of current bull run. Or we can expect even more movement and then the bull run will be confirmed ?

The way Bitcoin price is currently trending upward, we can definitely say it is a bull run. But the fact is that the bull run has not started yet, mainly due to the halving of Bitcoin, the value of Bitcoin has increased rapidly. We have seen that before the year 2024 started the price of Bitcoin was very low but whenever 2024 came the price of Bitcoin has changed a lot in the market. As we have seen, Bitcoin price peaked at $73k dollars and currently Bitcoin price is between $70k dollars. And it would be wrong if we compare it to a bull because we all know that the Bitcoin market rises before it halves. But we can be sure that after the halving, Bitcoin price will rise more and Bitcoin price will reach $150k.

michellee

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We still have to wait some more. This is not a real bull run, even though the price has touched $70k. The real bull run may come once the price rises above $80k. That will make the price continue to increase until it reaches its highest price.

But we will never know how high the price of Bitcoin will reach its ATH. As has happened before, people don't know how much the price will increase. But after the previous bull run reached its highest price, we realized that Bitcoin's ATH had been reached.

After that, the price will slowly decrease again or even decrease rapidly. So we can only wait until we see the price increase even higher. And we can still buy more at times like this.

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there's no sure way to determine whether there gonna be another bullrun after it reaches $70k there's simply no way unless you're telling people to predict future but even then that is just mere a speculation.
but one way to be sure is also to judge based on past events, knowing the chart of the past and compare it to current chart then you might find some similarity between the two and then the history might repeats itself.

honestly you can just try to DCA and wait it out, i'm sure the price won't decrease to the previous bottom floor, the market is very bullish right now and based on chart we're nowhere at the peak, though if you have slightest doubt then you better off not investing at all after all it might cause you massive regret if things goes south or at least getting out of your hand.

since crypto market is volatile enough, people that invests are expected to know the ins and outs first, investing blindly irregarding the risk might be your worst decision ever.

DanWalker

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It depends on how one views the market and for me, we are already in a bull market. But even though we are in a bull market, that doesn't mean bitcoin will never have a correction or decline. In a bear market there will also be times when bitcoin recovers and in a bull market there will also be significant corrections. So, don't be subjective in thinking that if we are in a bull market, bitcoin will never decline or correct.
In my opinion, when investing we just need to set goals, stick to the plan and only sell when bitcoin reaches the goal, don't think too much about when the bull season starts or when the bear season will come. I wouldn't even sell my bitcoins if things didn't go as I expected, I'm willing to wait a little longer for my investment because it's not my only source of income or investment anyway.

BABY SHOES

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Isn't an increase expected by many investors? If you are already at $70K it's not as full as you say price confirmation can just go down below that but for me it won't be too deep, if the matter of confirming the increase is certain we have a prediction where the price of bitcoin will go to $100K in the near future at least by the end of the year we can see it.

Bitcoin is now a little bit to move to $70K maybe it will be after the halving move then it will say bullish is coming soon even though it is far away meaning the rally will soon arrive for a higher surge.

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Quote from: krishnaverma on March 31, 2024, 12:50:52 PM

We had bitcoin touching even $70k not long ago. It has almost doubled in few months. Is this the sign of current bull run. Or we can expect even more movement and then the bull run will be confirmed ?

The term bull run as to do with bitcoin been on an uptrend for an elongated time that is unusual in the market and only comes ones in a while after a long term of bearish market. The movement we have been witnessing for a long term that we saw that the bitcoin price has to exceed its all-time high and mark a new one could have happened because of the changes in the market lately which we expected a big change in the market and was delayed; I mean after the spot bitcoin ETF approval, we expected a big bullish trend in the market but it never happened, maybe the market is just reacting to that change in the market. This period can also be called the bull market trend but it is not yet the usual bull market that everyone is expecting. The time after the bitcoin halving is the time many have predicted bull run to start and as we are yet to experience it, this period could be term as pre-bull run season. So bull run as started but we are yet to start the actual bull run.

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Quote from: YOSHIE on April 06, 2024, 01:37:58 PM

Quote from: krishnaverma on March 31, 2024, 12:50:52 PM

-snip-

If you refer to several speculations that can be seen and believed, my understanding is that the price of Bitcoin is currently not (confirmed), reasons:
The halving is not yet complete, although a new ATH has occurred, but according to some Bitcoin experts who I entrust this dirty simulation for the new ATH, there are things that never cross the mind of Bitcoin users the price will meet the bull again, unfortunately they do not tell what price for Bitcoin could be final.

Conclusion: believe it or not, the price of Bitcoin will experience a spike, speculation is predicted to occur in May and last only a few weeks, However, you remain committed to and your own stance in assessing the current price of Bitcoin. That's all I say based on my personal speculation. In essence, you have your own speculation that you can rely on.

Of course, prices will increase over time. It could be that the price will break $80k within 2 months after the halving, or it may also find new support at $60k within 1 month after the halving. All possibilities still have to be considered wisely regardless of our long-term goals and plans on bitcoin investment.

Personally, I believe we will find $100k in 2024 or early 2025, which means prices will be higher than they are today. The plan to hold longer is clearly there, but when the profit target is reached it seems like I also have to be ready to sell, whenever that is.

YOSHIE

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Quote from: krishnaverma on March 31, 2024, 12:50:52 PM

We had bitcoin touching even $70k not long ago. It has almost doubled in few months. Is this the sign of current bull run. Or we can expect even more movement and then the bull run will be confirmed ?

If you refer to several speculations that can be seen and believed, my understanding is that the price of Bitcoin is currently not (confirmed), reasons:
The halving is not yet complete, although a new ATH has occurred, but according to some Bitcoin experts who I entrust this dirty simulation for the new ATH, there are things that never cross the mind of Bitcoin users the price will meet the bull again, unfortunately they do not tell what price for Bitcoin could be final.

Conclusion: believe it or not, the price of Bitcoin will experience a spike, speculation is predicted to occur in May and last only a few weeks, However, you remain committed to and your own stance in assessing the current price of Bitcoin. That's all I say based on my personal speculation. In essence, you have your own speculation that you can rely on.

bluebit25

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People were surprised to learn that it was an unexpected mutation. According to my prediction, the moderate increase will be followed by a faster recovery post-halving to a peak price of $55k. What happened instead was that it exceeded my expectations as the market skyrocketed – even surpassing previous record highs before the halving. This could be the beginning of a long-awaited price increase. Typically, in the event of a bull market, the price of Bitcoin skyrockets, sometimes doubling or more than its original value. If we note that bull markets tend to last for months or even years, and given the fact that the halving will continue until April, it seems that the 'second half of the bull run' is still to come. will continue in the near future.

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Quote from: philipma1957 on April 04, 2024, 01:54:21 PM

we are about to crush mining ⛏️ so it is not a bull run yet . now you may say coins were 16-17 k in jan 2023 they are 4x that now its a bull. 🐂

a real bull would be 90k and slowly going up. after the ½ ing. miners would not be struggling

So, in your opinion, the bull run is more connected with the miners reaction and actions more then with the price growth? Intuitively, I get why that could be, however, would you mind explaining this idea in more details? Why miners would stop struggling after 90k? Because this price would compensate the loss in rewards?

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Quote from: krishnaverma on March 31, 2024, 12:50:52 PM

We had bitcoin touching even $70k not long ago. It has almost doubled in few months. Is this the sign of current bull run. Or we can expect even more movement and then the bull run will be confirmed ?

This isn't a confirmation of Bull run yet it's just reactions of investors and traders making the rounds in the market influencing and affecting price but if you are patient to observe and understand Bitcoin you would see the corrections that will take place meanwhile in the case of Bull run, the price surge usually have a time frame within which it appears and most definitely new ATH are reached and then there's a gradual setting in to a bear market and not a correction of a particular movement in the market.

According to the circle of Bitcoin it's not yet time for bull run but it doesn't mean there wouldn't be some increase in price moreover we are expecting the halving soonest so it's definitely supposed to create some reactions amongst traders and investors in the Bitcoin market.

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Quote from: Etranger on April 04, 2024, 08:37:24 AM

Between the bear season and the bull run, there is a whole gradation of other periods. Just because we're not in bear season anymore doesn't mean the bull run is in full swing. I think it is just the beginning of it right now. Regarding the fall in price, I cannot agree with you; serious corrections also happen during a bull run. Moreover, shortly before the halving this happened several times, so I would not count solely on uninterrupted growth.

I mean that was true for 2023, where the price wasn't going down anymore, but it was getting to a good place, even ended near 30-40k range so we could say the bull "started" there, but lets remove that for a while, that year wasn't a bull but wasn't bear. But this year we have seen over all time high, in any year that you broke over all time high price, saying that it is not a bull season seems like it could be wrongful.

I am not claiming that I am some sort of deciding factor, just because I say that we are in a bull market doesn't mean that we are in a bull market, these things do not depend on what I say. I am just saying, if you asked me if we were in a bull season, I would be 100% saying it is already the bull season.

philipma1957

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we are about to crush mining ⛏️ so it is not a bull run yet . now you may say coins were 16-17 k in jan 2023 they are 4x that now its a bull. 🐂

a real bull would be 90k and slowly going up. after the ½ ing. miners would not be struggling

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Quote from: GeorgeJohn on April 02, 2024, 02:52:21 PM

Quote from: Etranger on March 31, 2024, 02:33:46 PM

Given that Bitcoin has practically doubled in value over the past few months and it doesn't look like we're seeing a bearish victory in the coming months, I'd say the bull market has begun. If we take into account the upcoming halving, which is also considered an indicator of a growing market, then there are even more reasons to believe that we have already entered the bull phase. However, this does not mean that the possibility of correction is nullified.

already you we are in bullrun season and I know quite well that bullrun is something I know that start since bitcoin price cross forty five thousand..so it's obvious that the price of bitcoin is continue to rise that means we are not in the bearish season and we are in the bullrun...its obvious..so I know quite well that the price of bitcoin can not drop soon because we are also expecting another increase after halving.

Between the bear season and the bull run, there is a whole gradation of other periods. Just because we're not in bear season anymore doesn't mean the bull run is in full swing. I think it is just the beginning of it right now. Regarding the fall in price, I cannot agree with you; serious corrections also happen during a bull run. Moreover, shortly before the halving this happened several times, so I would not count solely on uninterrupted growth.

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Quote from: AnonBitCoiner on April 03, 2024, 02:13:37 PM

Bull season cannot be identified with a fixed value therefore don't think that if bitcoin reach to 70k$ then we will be in Bull season and if we are down then we will be in bear season because we know that we are already enter into Bull season but Bull season does not means that we will not see dump anymore.

Bitcoin has achieved previously created ATH and even go ahead then this so it is clear that Bull run has been started but how long it will persist is depended on the demand.
Current dump is temporary and once halving take place then situations will become in our favor and everyone can easily get reward through selling of their bitcoin but I think once halving take place then one should not purchase bitcoin until price goes to dip again.

There are many optimistic predictions that when the halving occurs, the price will continue to rise much higher than it is now. And according to you, we should not buy now or after halving, so when is a good time to buy bitcoin if it is not decreasing? Bitcoin is unpredictable and if we have a selling target above $100k, buying bitcoin now or after the halving is possible. Don't hesitate or wait for the price to decrease to buy because we won't know if bitcoin will decrease or not. Like many people were waiting for bitcoin to drop to $12k to buy when it was priced at $15k in 2022 and the end result was that they missed out on buying bitcoin at the best price during the last bear season.

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Quote from: Minor Miner on April 02, 2024, 07:48:19 AM

I would lean towards the second scenario because there is no reason that with newly approved ETFs and large funds yet to reap any returns from bitcoin, they would ever let this bull season end. As far as I know, funds are still focusing on accumulating bitcoin every day, there are still no signs or evidence that they have taken profits, so it can be said that the bull season has just begun. Also, I believe this will be a super bull cycle due to a combination of factors and this bull season will last until 2026, that's what I'm thinking.

I agree, those investments were made but not matured yet, there will be a lot of increases eventually that will help them and I am guessing that it is going to be something they could benefit as much as they can afford to. That means that the price will probably go up more, and not that we have seen the end of that investment, we are going to see tens of thousands of bitcoins to be bought more than this, which will make the price go up even more.

I feel like there is a scenario where things can't change that much and should probably end up with something that will be profitable for us as well. Small retail investors like us get the benefit from these big whale corporations buying more and more, so we should be quite happy about it.

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