Topic: This bitcoin bull market isn't over yet ! - page 3. (Read 675 times)

Completely agree! the bull market is still in its early stages. There was a recent dip but Bitcoin is regaining its momentum especially with the upcoming halving. I can hardly wait.

I love the rainbow chart , this shows how unpredictable Bitcoin is and most specially in these
moment now because what have we seen recently is a crazy market that we did  not anticipate
though we expect some good rump after the ETF and given us  another ATH.
and that is what we can see about the  true future of Bitcoin when the Mining already
stopped and all the bitcoin is all mined , from that point will decide what is the faith of bitcoin
and the whole crypto .

As long as we're done with the halving, it's expected to see the price increase and we don't know when exactly it will be. But as for the manipulation, they might come through the news, FUDs or some statements from these "market experts" that will play the emotion of everybody.

That makes sense and it's a continuous basis for most of us. So that's right and thank you for that as every detail based on someone's theory on how he reads the patterns could be right as well.

Hopefully, that we'll reach and see that before this year happens but as for the holders that have been set and believes that the next ATH will cross by 2025. But either way, all of us are wanting to see it soon.

That's why I still said anything is possible, seeing another pretty ATH this year was something shocking. Bitcoin doesn't work according to how you might predicted it but I guess it was as a result of ETF approval, we might not see much changes in the market since it has achieved it's purpose of creating new ATH this year before halving. We shouldn't focused our hearts on positive impact of the price rather we should be optimistic, like hoping to get positive increase but that doesn't mean we should channel our thinking that bitcoin must achieve the price we desired.

actually the price of Bitcoin is unpredictable and the what happened this year in Bitcoin life cycle has ever happened before that is the evidence to show that Bitcoin might reach a certain price without experiencing having before it will get to a particular price that will ashtonish people who does not believe in Bitcoin, perspective and understanding I think that bitcoin will continue to experiencing more increments before halving that is why we said bitcoin prices on predictable and the nobody can predict it feature.

the only thing that I will say in this scenario is that whoever that is predicting the future of Bitcoin is just trying it luck or I can equally call it assumption because both the short short-term prediction and long-term prediction or are prediction but it is depends on the source you got your information or you make you analysis and get the result of your prediction that matters a lot someone can predict for long-term prediction of Bitcoin and the got it wrong why somebody who predict a short term will it get it right so it depends the site or your chat analysis how accurate your prediction is going to be so it does not matter that those people who is predict for long period of time is people that got it correct or perfectly, so I don't believe in such philosophy.


like now I've not seen a Bitcoin as a something that the price will begin to fall at any point in time because the market of Bitcoin is this showing a positive and some of the altcoins who we quite know is also experiencing a positivity in the market so we cannot set now that Bitcoin this is the end of the bullish or the market is now been against Bitcoin... as you said you are totally correct because the market is still experiencing positivity in all ramification for now, any price we see in Bitcoin right now neither falling or Rising I think you from my own perspective I will say that he's trying to be strong so let us not have a negative thoughts of Bitcoin this year, we all have seen that bitcoin been experiencing positivity throughout the beginning of the year 2024 and we should believe that will continue to experience it till ending of this year.

we can only say that the bull run is over when we start seeing negativity in the market like seen a red color in the market but right now the price of Bitcoin is still showing greenish so it is sign or symptoms that the bull run or bullish season has not gotten to an end so I may say that you are correct in your statement and I agreed with your point of views.

It is not only according to the Rainbow Graph but the if we learn the history of Bitcoin ATH in the previous bullrun season, it always reached in few months after the Bitcoin halving. We are still in the early of April, the price dropped a bit but we don't feel worried. I think it is just a small correction before the next jump in Bitcoin price. Sure, just keep holding because we may have another ATH very soon.

You are right. OP also stated it, the Rainbow Graph also pointed that the next ATH may be in the end of this year or in the early of 2025.
Regarding the new ATH, sure we already have a new ATH, it is $73,750. The newest ATH was reached in Mar 14, 2024. The next ATH is predicted to be achieved in this month, when we have Bitcoin halving.

https://coinmarketcap.com/currencies/bitcoin/

Well I don't realistically say is over or we won't see any changes again in the market, what I am trying to tell you is that market doesn't go according to how we might plan it. For instance, the recent increase in bitcoin price to see another ATH without even getting to halving. Non of us here had ever imagined that we could see bitcoin at 73k plus, so there is every likelihood that we may see something unusual it could be above or below.

I have 95% believe that the price we saw above the previous ATH which is 73k was a hype from the approval of ETF, and we have not started seeing the expected price that should come from the halving. You should also know that the halving triggers the bull run, and by next year bitcoin price will hit a figure that will shock so many people, just the way bitcoin price was able go above the previous ATH before the halving.

This circle is unique because of the approval of bitcoin ETF, and we might see a price as high as $170k and above as the new ATH that will be recorded for this circle. So don't feel it is over, as it is not over for the bull run yet, until the bear market comes next circle. Keep accumulating and watching the price as it skyrockets after the halving.

Well, technically if something happens 1 year after the halving it will also happen 3 years before the other halving, so as usually with all the charts where people try their best to find patterns you can cling to every detail to enforce your theory.


I also don't understand why some don't think simply and clearly about this!

You are convinced that the halving will bring the price up, there are a million others who are convinced that the halving will bring the price up, so are all of them standing on the side and not buying moar coins? Of course not, since everyone is screaming about filling the bags, and buying coins means the price is already rising on the anticipation of the halving, same as with ETF, there won't be anything magically happening in 20 days, the flow of money has already changed debit and direction.

Yes, the bull market is not over yet because it is still in its early stages. Soon we will see a halving and there is still a possibility that the price will rise even higher.
As long as we still have time to buy bitcoin, we try to buy more bitcoin. At times like this, anything can happen and we still hope that Bitcoin ATH will come after this halving.
The bitcoin price has exceeded its last ATH, and we are still waiting for its new ATH, which is at an even higher price. We better prepare to wait for the new ATH again this year or next.

Either you expressed yourself wrongly or you are interpreting what you are looking at wrongly - because ATHs usually happen after halving, except that this year is an exception for quite obvious reasons.


In less than 10 years, 99% of all BTC will be mined, and that 1% is as irrelevant as the year that many are fascinated by. Much sooner, miners will have to face the fact that the earnings from the rewards they receive in the form of new BTC will become greatly reduced compared to today.


The real bull run hasn't even started yet (at least as far as I'm concerned), let alone finished.

Technical analysis can give an idea but no one knows nothing for sure and we all can just speculated based on the analysis and movements of prices based on the history of previous cycles.

In my opinion, we are just halfway in this bull run, the real deal is yet to begin, I maybe wrong but that's what my prediction based on simple calculations using 2x from its previous ATH.

OP, who the hell on earth thinks it's over when we're at a new ATH, and even the recent dip hardly lasted more than a few days and not even 15% drop. Normal in every way.

So many of you talking about nothing, 'drastic drops', seriously have you not seen Bitcoin before and don't you know what it's capable of?

Bull market over and not even below 60k what funny guys people are in crypto

Last few minutes bitcoin dropping drastically until touched $68,800 and looks large correction during halving few days later, seems some prediction right with bull market have been over and we are entry with bearish market moment.
Last hope with halving how potential can help bitcoin reach higher price or make correction again and seems pessimistic with bull market coming when near future of halving.
Bitcoin have been raised up drastically and seems some investor on selling position waiting correction or bearish moment to buy back, after break ATH price last month bitcoin can't get back to higher price for longer time and waiting awhile with market correction is right choose before returning back when bull run market moment.

The only chart you need is S2F.

people that say bull market is over might be too pessimistic, i don't think it will just tops at around $70k like this, corrections are to be expected after all we've been rallying so high people from previous year wouldn't even believe, reaching this height of a price is already such a feat for bitcoin right now, doesn't mean the bullrun is already over, we have histories of bitcoin doubling its previous all time high and usually the bullrun happens after halving which increase people's sense of scarcity towards bitcoin.
only after halving then we can determine whether we have reached the peak, by seeing sentiment in the market we might see signs of whether bitcoin has finally peaked or is it still have so many chances for it to further rally and then reach $100k mark as many people wants.
never underestimate the capability of bitcoin when it comes to increasing its price.

I don’t think it’s over either. As long as we get positive etf flows and all these stablecoin prints keep popping up then we should be having a bull market the entire year, unless something bad happens with the economy.

There is lots of money going into crypto and it doesn’t seems to be stopping. I think many now are waiting for the halving and we will see how Bitcoin performs then. It could be like 2017, where the entire year was bullish and bitcoin kept hitting new highs before topping out at the end of the year.

It is not so easy to say exactly about the price of bitcoin. Price movement before and after halving is normal and possibility of breaking ATH.
It's hard to be realistic about the future but you can be optimistic that something positive will happen to the price of bitcoin. The most surprising thing is that the price of bitcoin has not been affected at a time of so much inflation in the world. So we have ample reason to be optimistic about its future.

I agree on this, because if it does lowering prices then it just constitute with some kind  of retracement or market correction. Because what happen is that price will be manipulated so that it will create fear again and investors won't buy. But instead price will rally again, once the price is too high or premium enough, then those who bought on lower prices is expected of course to take their profits.

With that large amount taken from the market, price will drop. And if the buying volume cannot compensate with the selling pressure, then price going lower will be expected. But otherwise until it hasn't happened yet, you should be expecting higher prices on bitcoin.

You can see the Rainbow chart https://www.lookintobitcoin.com/charts/bitcoin-rainbow-chart/

It shows that Bitcoin has less up spikes in recent bull markets. The Rainbow chart does not predicts a last bull market top accurately. It is very inaccurate if I want to say about top prediction from Rainbow chart as with the last cycle, price reaches its top until only goes to about half of the Rainbow chart.

Use Pi cycle top indicator, that is better and more accurate to predict market top than the Rainbow chart.
https://www.lookintobitcoin.com/charts/pi-cycle-top-indicator/