Topic: Is the current bitcoin bull run confirmed now ? - page 4. (Read 462 times)

We are in the bull season, but it is not without the reality that there could still be some kind of market pull back before the halving occurs. Investors in bitcoins should always be prepared for a pullback in the value of bitcoins because it cannot always be bullish even if we are in a bull season.

Prepare for the emotional aspects of investing in bitcoins, so you do not make a wrong investment decision.

A bull run is when the market is in continuous uptrend movement with only few price corrections, I would say since the start of last year when the price was below $20K we have been having a steady rise in price and only a few days we witness corrections, so this is fair to say we have been in a bull run since last year even though it is not as impulsive as people take bull run to be.

The halving is like three weeks  away and I don’t see the market changing structure to been bearish rather we will continuously see few corrections which will make it look like a ranging market and probably months after the halving the anticipated impulsive bull run will kick start

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.

I still don't see it or buy it, it doesn't seem like a Bullrun in my opinion but a temporary skyrocket in the market price of Cryptocurrencies, I think this is pretty normal especially because we are getting near the Bitcoin Halving Event, I said it every time looking at the Bitcoin Halving timeline, every time the Bitcoin halving event is near there are a huge pumps in the market price of Bitcoin and that goes to a lot of altcoins in the market as well, Yes we have seem the market price of Bitcoin increase up to 70k$ which never actually happened before, but if we are going to think about the Bitcoin adaptation in the whole world it is just going to make a lot of sense compared to the past years, Bitcoin really is adapted fast in a lot of countries to the point where we could already see a lot of companies, supporting cryptocurrency, there are even some banks here in my country allowing you to buy and sell cryptocurrencies using there platform. With that and the Bitcoin ETF news I think it is what actually trigger that market price to break the All time high, but after a new on every Halving event that is mostly where we get to see the real Bullrun.


I think we are still inline with the coming Bitcoin halving, a lot of traders are surely going to experience a huge drop in the market on that Bitcoin halving date, then slowly going to enter the Bullrun after that just like in the past timeline of Halving. Just based on the adaptation of cryptocurrency around the world I think it is possible to break 100k$, my opinion was around double so its probably around 140k$ if we are going to get the Bullrun.

Bitcoin bull run could be seen as a period where demand is higher than supply. Historically it happens every four years after the Bitcoin halving because miners' reward will be halved. When the reward is halved there is always less supply which makes the price rise because demand will become greater than supply.

But this year's bull run is unique due to the approval of Bitcoin ETF in the US. This approval has made the demand for Bitcoin to be high due to the purchase of these institutional investors. The effect of this is an early increase in the price of Bitcoin to the extent of beating its ATH before the halving. It is expected that the price would increase after the halving which is predicted to happen in April and Bitcoin might hit $100,000 before the end of the bull run.

In general, the bull run occurs or starts after the halving event which is scheduled to occur on the 19th, of April approximately. The uptrend that we have seen from Bitcoin in recent months was mostly unexpected because most of us were expecting a slow recovery process up until the halving event, maybe making the price reach around $60k and then taking more pace after the halving is done. However, that didn't happen, and the market went up pretty fast in a few months so it even created a new all-time high even before the halving event.

So, whether this uptrend was a part of the long-anticipated bull run, we can say so because it's only in a bull run that Bitcoin or any other cryptocurrency doest at least 1x of its current value, and since the bull run usually starts a few months after the halving, we are optimistic that we will see something more, more precisely the remaining part of the bull run in the next couple of years.

The Bitcoin and other altcoins market saw a bull run start when Bitcoin jumped from $49,000 to $73,000 in early March, surprising many who expected a different trend before the upcoming halving in April. Though, recent changes in the market make it unclear if the expected drop that takes place before every halving will still occur.We're not sure if Bitcoin will follow its usual pattern. I think there will be more ups than downs before the halving, which might confirm the bull run.
Looking at past halving events, I believe the real bull run hasn't happened yet.Still, we have to remember that the market is unpredictable and affected by many external factors. Anything can happen at anytime and we may see something new from Bitcoin. You just have to remember to hold and be patient.

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 ?