Topic: Is the current bitcoin bull run confirmed now ? - page 3. (Read 485 times)
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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 ?
For me, it is indeed a bull run because, after years, we created a new all-time high. Bitcoin did it while other altcoins didn't even reach yet their old all-time highs, even that, I can say that we are already in a bull run as the Bitcoin block halving is really near.
We went from $35-$40k to &70k in under two months. If that does not sound a bull run to you then I don't what will. Everyone is trying to buy in to bitcoin whenever there are some dips back to $68-69k which poses a strong support to all of this. We also have the halving coming in less than 3 weeks, which might even add more fuel to this run just because of what a lot of traders believe. Currently, I think we are in a bull run, but not as massive as to what we had before. Nevertheless, a bull run is a bull run, no matter how much the gain is.
The price of bitcoin at the moment is $71k+, which is a pure sign of a bullish market. Following the market movements of bitcoin are the altcoins. At some point, the market variation of bitcoin and leading altcoins will have a deviation, which means there will be stagnation in the market for bitcoin while altcoins continue to progress. Those were the seasons of altcoins, and with that, bitcoin will conclude its bullish move and undergo a correction, which further makes the market move within limits and drop down. For now, we can expect the price to grow much higher as there are 20 more days left for halving.
The truth is, no one can tell about being the bullish run that is happening right now. And when will it stop. No one can give the advice or confirm what's happening in the market. People are just speculating on what may possibly happen and what they will do to act on that particular prediction.
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 ?
Don't you realize Bitcoin hits a new ATH at $73,750 in Mar 14, 2024 (CMC data)?You shouldn't ask about the sign of bullrun when Bitcoin hits a new ATH. It is no doubt we are in the bullrun period if we consider the price of Bitcoin in recent time. Why you still doubt of the bullrun?
Anyway, people still assume Bitcoin may reach $100k. It is because the bullrun period is likely still in the beginning phase. So, it is true that people expect for further movement on Bitcoin price. $70k or $73k isn't the highest level of Bitcoin price in this bullrun period.
I guess, that's what people are looking at. Reaching $100k just to consider that we are indeed in the bull run stage. But they have to remember, above 60k itself can be a bullish level considering the previous btc price. It is all a matter of perspectives here. No defined price when you talk about bullish or bearish season, as it depends on where you are referencing at.
This is just the preparation for the halving event, believe it or not but the actual bull run is yet to come after the halving event, the recent event of bitcoin reaching its new ATH is because many factors and one of them is because of the approval of ETF and because of that it became easy for many people to access and buy bitcoin assets and as many people are becoming more aware and getting hyped by bitcoin many more attracted to invest and hold bitcoin assets, that's one of the reason and I think big company or industry has also contribution to the increase of price of bitcoin as of course they will take advantage of the easy buy of bitcoin and will hoard bitcoin as much as they can, we still not sure what will happen to the bitcoin after the halving event but if the theory or prediction is true and accurate then the price of bitcoin might be doubled.
The price of bitcoin at the moment is $71k+, which is a pure sign of a bullish market. Following the market movements of bitcoin are the altcoins. At some point, the market variation of bitcoin and leading altcoins will have a deviation, which means there will be stagnation in the market for bitcoin while altcoins continue to progress. Those were the seasons of altcoins, and with that, bitcoin will conclude its bullish move and undergo a correction, which further makes the market move within limits and drop down. For now, we can expect the price to grow much higher as there are 20 more days left for halving.
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 ?
What difference does it make? I am not being sarcastic or anything, I simply do not see the point of getting the bull run confirmed or not, for what I know a bull run is nothing more but a sustained growth over a long period of time, however even that definition is vague, so some people may argue we are already on the bull run, while some others may argue against it, but what matters is the price of bitcoin and how you are doing compared to it, while everything else is secondary. 
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 ?
I don't know how you can define bull run but for me, it was just started early this year. Seeing the market price increase more than the usual price is already a sign of a bull run. I couldn't confirm that we are in the bull season but that is just what I believe now. Besides, this is expected after the bear season. We can also take a look at the previous bull season and compare the current situation as it was likely the same. But it was not yet the ATH high price that we expected for Bitcoin. Maybe I'm wrong but I believe that there is are more pumps coming after halving and hitting for $80k is possible.
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 ?
Don't you realize Bitcoin hits a new ATH at $73,750 in Mar 14, 2024 (CMC data)?You shouldn't ask about the sign of bullrun when Bitcoin hits a new ATH. It is no doubt we are in the bullrun period if we consider the price of Bitcoin in recent time. Why you still doubt of the bullrun?
Anyway, people still assume Bitcoin may reach $100k. It is because the bullrun period is likely still in the beginning phase. So, it is true that people expect for further movement on Bitcoin price. $70k or $73k isn't the highest level of Bitcoin price in this bullrun period.
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 ?
No one really knows but these things could be possibly to happen;1. Pump on pre-halving period then make some nasty corrections on post halving before we do shoot up
2. There wouldn't be some extreme dump or correction and playing sideways with the current price or lets say 60-70k price levels and wait up for that gradual increase
3. Several months sideways or consolidation period
Actually there's no way that we could really be able to know on where it would be heading. One things for sure that you cant really be able to make yourself that
to know on where prices could go in next months to come but pretty much sure that we would really be heading up when bull run happens.
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 ?
I will consider this as pre bull run season now, and this uptrend movement of bitcoin have been going on for a long time now since last year. From that period till now, bitcoin have done X’s which signify that those that bought at the beginning of the bullish trend would be in profit by now. Practically, the bull run season always starts after the events of the halving which will be coming up by next month, which will happen just few weeks from now. The period after the halving, the market is expected to be on a very long term bullish trend and continue till bitcoin hits a new all-time high.
Nobody can tell the extent to which bitcoin will move by that time but many analysis already have it that it’s going to make a six figure value at the end of the bull run. While the market is very much tricky and unpredictable, a lot of this prediction to be the same by many people could sound accurate and bitcoin will move in the direction of their prediction. It is important to take profit when it has hitting the six figure value, with that you can safeguard your investment and reap massively from your early investment in bitcoin.
According to this article[1] Bitcoin bull run is characterized by a gradual uptrend in prices, peaking at cycle highs, followed by a period of stabilization or slight decline. Looking at the current trend of the Bitcoin market, I think it fulfills the character of a bull market. We had a gradual uptrend price this past few months, price increasing gradually from $40k to $70k, and some decline, with Bitcoin price retracing from $70k to $60k plus and then recovering and stabilizing within $68k to $70k price range. So I believe the Bitcoin market is currently in a bull run state now.
This is somehow a special case because the Bitcoin market bull run often happens after the halving but in this cycle, Bitcoin had already entered a bull run state even before the halving event.
[1] https://www.grayscale.com/research/reports/anatomy-of-a-bitcoin-bull-market#
This is somehow a special case because the Bitcoin market bull run often happens after the halving but in this cycle, Bitcoin had already entered a bull run state even before the halving event.
[1] https://www.grayscale.com/research/reports/anatomy-of-a-bitcoin-bull-market#
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 ?
That's true, bro Bitcoin surpasses the previous all-time high and makes a new ATH with a price of $73,777 in the recent month. And it still moved above 71+k. But this is not actually a true bull run. This rally is due to ETF approval, if I am not mistaken. Because of this, many institutional investors brought their money into Bitcoin, and perhaps because of this, the price of Bitcoin gained upward momentum, meaning it rose.A real bull run will come after halving, which will kill the market. Now this is the cause of only institutional investors. A bull run will happen after Halving, in which no one will be able to expect how far the price of Bitcoin will go.
Do you really have to ask? There are several indicators of a bull run, with the most well known being the moving averages like 300day, 500 day... Usually when price is above all of them we are in a bull market, but that's not the only thing to look at.
First of all, if bitcoin doesn't make new lows for months, but instead makes higher highs it's a bull market. So when bitcoin went to 16k and then 20k, then 25k, 30k, and so on, with corrections being shallow - it's a bull market.
Next important thing is the timing before the halving. Usually the year of the halving is bullish, it has to be since the reward is getting reduced.
Then there's that old ATH indicator - breaking all time high always means a bull market.
First of all, if bitcoin doesn't make new lows for months, but instead makes higher highs it's a bull market. So when bitcoin went to 16k and then 20k, then 25k, 30k, and so on, with corrections being shallow - it's a bull market.
Next important thing is the timing before the halving. Usually the year of the halving is bullish, it has to be since the reward is getting reduced.
Then there's that old ATH indicator - breaking all time high always means a bull market.
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With the price surge of Bitcoin just in these few months of the year 2024, we cannot say that that was not a bull run because, during the start of the year, Bitcoin was $42k+, but within just an interval of February and March, it already surpassed the previous all-time high, so that was a bull run and not a confirmation of whether the price will continue to surge high or not. We could experience a bull market this month, and the next month the price could become bearish throughout the month up until another month too, and it can also become a bit bullish. In the last two weeks, the price went from $70k+ to $62k, and that was just a bearish move that would have still gone below that, but it never did. Being in the bull season doesn't totally subtract a bearish move; as such, we could either experience more bullish movement in the price of Bitcoin before or after the halving, or the reverse could be the case, but in all, a lot of people are speculating that the highest Bitcoin price peak for the bull season will be met in 2025.
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 ?
must be prepared for all events that will occur, we do not know whether this has been fully confirmed or not. Bitcoin's current path is different from before, Bitcoin printed its highest price before the halving. quite a significant increase and is now still stable at $70,000. hoping to continue this bull run and print highs again. This will be very profitable for long-term holders. expect more upside and will certainly be very bullish.
Certainly we are now in the bull run, but the uptrend has multiple levels and not just one level. I expect that we are now only at the beginning and there will be more new levels in the coming periods.
What happened in the market this cycle was a surprise to everyone because no one expected the rise before the halving, but because of the ETF this sudden rise occurred and therefore it can be said that this cycle will be different from previous cycles and no one can predict whether this rise will arrive and how long it will last.
What happened in the market this cycle was a surprise to everyone because no one expected the rise before the halving, but because of the ETF this sudden rise occurred and therefore it can be said that this cycle will be different from previous cycles and no one can predict whether this rise will arrive and how long it will last.
I don't think it is the bullrun that we are expecting that will happen. This is most likely a manipulation in price like what happened not long ago but it decreased later on and once again the price increase. The bullrun happens when the demand increases while the supply is low which is most likely after the halving because the mining reward is halved. If the reward is halved then the new coins being mined is not the same as before.
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 ?
All I know about this bull run is that all time high has never been crossed before halving day but today, we have witness it, it could be a manipulation and it could be as a result of excitement, it could also be as a result people trying to be proactive, they don't want to be caught up missing the bull run like in the past years run we have had, they could be preparing before the bull is let out of the cage but as for me, if buy Bitcoin and hold you wouldn't die and you wouldn't suffer anything, if there is anything that can happen is unrealized loss which is nothing unless you sold.
Another thing you should put into consideration is that we have never had institutional investors come out publicly to support Bitcoin but ever since ETF Bitcoin were approved, they are more bullish than people that hold native Bitcoin and they are also granting interview on national TV to make people want to people embrace Bitcoin, this is why everyone are bullish about Bitcoin this time. Like I said, buy and hold if you have the means, the worse that will happen is crash but long time always win.
We had bitcoin touching even $70k not long ago. It has almost doubled in few months. Is this the sign of current bull run.
Wasn't it obvious when the start of this year started from $40k+ and now that it has reached $70k+ and even surpassed the last ATH breaking it after hitting $73k?Or we can expect even more movement and then the bull run will be confirmed ?
There's more. We're not yet done with the halving and yet the bull run has already started. If you're one of the long term holders, you gotta be patient if you're wanting more. We don't know how high it can be this time but it's possible that we will see $100k just as what we've waited for on the last 2021 cycle. Jump to: