Where is the bullrun??? - page 2. | Bitcointalksearch.org

pawel7777

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Quote from: goldkingcoiner on June 23, 2024, 02:23:42 PM

Zoom out on the 6 month chart and tell me that there is no bullrun... Roll Eyes

The problem is that people look at small time frames on the chart and start panicking because they thought Bitcoin is a get quick rich scheme.

This. In February everyone was excited about Bitcoin going above $50k, now we have a massive outcry that it fell below $64k.
Some things will never change I guess.

Also, if we look at the previous cycles, we'd always have some pull-backs after halvings, some were around 30% or even 50%. What we're experiencing right now hardly qualifies as a pullback.
Long story short, this is normal.

Coyster

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Quote from: frnandoh on June 13, 2024, 09:06:09 AM

I have studied about reading charts and I can't see a reason for believe that BTC will explode in short-term. I would like to know: What makes you think that will happen a bull run now? It is a true need to learn about it.

The halving and bitcoin spot ETF in the United States are reasons why bitcoin price is going to pump very high, mind you as well that bitcoin is already in a bull run, for example if you look at the price movement in the last 6-12 months, you'd understand that we are indeed in a bull run and the price has been steadily increasing.

You should also DYOR on what you are curious about, and if you want to buy bitcoin, now is the right time to do it and DCA is the best strategy to apply. Finally, you should know that bitcoin is not a get rich quick scheme nor a pump and dump coin.

goldkingcoiner

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Zoom out on the 6 month chart and tell me that there is no bullrun... Roll Eyes

The problem is that people look at small time frames on the chart and start panicking because they thought Bitcoin is a get quick rich scheme.

ginsan

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Quote from: lixer on June 23, 2024, 11:58:23 AM

Quote from: mich on June 21, 2024, 12:39:12 AM

The next 'bull run' is going to come soon I think. You do not have to worry about that just keep hodling your coins and you will get big profits.
MicroStrategy did just buy 11,931 more Bitcoins for $786 Million. He now has 226,331 Bitcoins worth $14.7 Billion.
It is always 'bullish' news for me when MicroStrategy buys more Bitcoins. https://cryptonews.com/news/microstrategy-buys-bitcoin-cnovertible-note-sale.htm

Although I believe we shouldn't base our decisions on things like these where industrial investors buy Bitcoin or cryptocurrencies and we do the same such pieces of news usually raise curiosity among retail investors and when they see big firms buying Bitcoin, they try to imitate them and this can become a positive sign for the market because as the demand increases, the prices will start to move up as well.

A lot of retail investors, mostly newbies, are becoming restless because they aren't seeing much positive movement from Bitcoin but it usually corrects itself and instead of going up, it goes down, and they don't like this because it makes them panic. However, they need to understand that the bull run doesn't come this early after the halving event, it's only been about two months and we are already becoming restless.

Yes, we should not be controlled by the information of institutions that buy bitcoin, and make us follow their steps, I think it's the wrong decision if retail follows them, retail should first enter before the institutions continue to increase their accumulation, I think it's much better, but maybe that's only done by retailers who have been in bitcoin for a long time, not yesterday afternoon or still beginners.

I am quite dilemmatic with today's market, where indeed price movements tend to decline, especially tonight, I don't find any reason why I can push bitcoin much higher after previously touching the $74 price level, even tonight also experiencing a continuous decline or correction. If only I had more money, this should be the moment to continue the DCA before the bull run really comes.

lixer

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Quote from: mich on June 21, 2024, 12:39:12 AM

The next 'bull run' is going to come soon I think. You do not have to worry about that just keep hodling your coins and you will get big profits.
MicroStrategy did just buy 11,931 more Bitcoins for $786 Million. He now has 226,331 Bitcoins worth $14.7 Billion.
It is always 'bullish' news for me when MicroStrategy buys more Bitcoins. https://cryptonews.com/news/microstrategy-buys-bitcoin-cnovertible-note-sale.htm

Although I believe we shouldn't base our decisions on things like these where industrial investors buy Bitcoin or cryptocurrencies and we do the same such pieces of news usually raise curiosity among retail investors and when they see big firms buying Bitcoin, they try to imitate them and this can become a positive sign for the market because as the demand increases, the prices will start to move up as well.

A lot of retail investors, mostly newbies, are becoming restless because they aren't seeing much positive movement from Bitcoin but it usually corrects itself and instead of going up, it goes down, and they don't like this because it makes them panic. However, they need to understand that the bull run doesn't come this early after the halving event, it's only been about two months and we are already becoming restless.

STT

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People were spoilt by the start of this year because this is still the bull run but they are grazing right now Cheesy

I said even back in Feb it cant always be like this, its way too fast and they jumped the fence moving that fast it wont last.

For the end of this week its a good idea to look in reference to weekly bars. Within that, this is 4hr bars because thats most relevant for the present moment and fits a pattern. The bottom line is the weekly bar to end Feb, its where price action should hold if we remain quite positive overall.

Its a high mark but ideally its now the bottom. February was very positive and the ideal is we do keep that provision in our saddlebags for the future journey Tongue

The top line to price action in this time frame should be familiar, its the 2021 peak and prior ATH. Again to measure progress, we do really need that below us on the regular and yet its still threatening as a ceiling though I dont presume that yet.

Brown moving average is monthly and blue line is the weekly average, it fits the peaks or cycles to daily price action.
Bottom indicator is OBV and I presume via reference to volume its not indicating strength just yet.

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Quote from: Agbamoni on June 20, 2024, 12:11:50 PM

Because the ATH after the halving this year took place came so early that is the reason why so many speculators believe that there will be another ATH before the year's end. And also, they believed that the previous bull run was just a tip of what is to come. At first, there was assurance that the end of the bull run would keep the price of Bitcoin at 100k so when it stopped at 73k or 74k there were about. It's now certain to them that it's not yet over and that the 100k speculation is still possible.

This is not a problem for many people to speculate about, but sometimes we also have to remember price corrections. Because this should not be forgotten by everyone as we have seen now that Bitcoin is already at $64K, which is a level that has a distance of $10K to the next target level at $74K. Speculation about Bitcoin's price being that big is indeed feasible, but I don't think that it will come true now because Bitcoin is currently facing a period of price correction, although not by a large enough percentage.

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Quote from: mich on June 21, 2024, 12:39:12 AM

The next 'bull run' is going to come soon I think. You do not have to worry about that just keep hodling your coins and you will get big profits.
MicroStrategy did just buy 11,931 more Bitcoins for $786 Million. He now has 226,331 Bitcoins worth $14.7 Billion.
It is always 'bullish' news for me when MicroStrategy buys more Bitcoins. https://cryptonews.com/news/microstrategy-buys-bitcoin-cnovertible-note-sale.htm

The news of MicroStrategy buying more bitcoin is not a signal for us to rely on and believe that bull season is coming. MicroStrategy has been buying bitcoin throughout the 2022 bear season until now, and as far as I know, they have a long term goal with bitcoin and they are executing the DCA strategy every time they have money. They don't care about prices or what stage the market is in. One more important thing is that their average price is only $37k which means they are getting 80% return on their Bitcoin investment. They won't care if the bull season comes or not with that level of profit.

But based on history, I agree with you, bull season will take place soon and possibly later this year. What we need to do is buy, buy and wait.

https://x.com/saylor/status/1803763490928119950

mich

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The next 'bull run' is going to come soon I think. You do not have to worry about that just keep hodling your coins and you will get big profits.
MicroStrategy did just buy 11,931 more Bitcoins for $786 Million. He now has 226,331 Bitcoins worth $14.7 Billion.
It is always 'bullish' news for me when MicroStrategy buys more Bitcoins. https://cryptonews.com/news/microstrategy-buys-bitcoin-cnovertible-note-sale.htm

Agbamoni

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Quote from: BABY SHOES on June 17, 2024, 12:05:43 PM

Quote from: mamesso on June 14, 2024, 08:06:41 AM

Quote from: frnandoh on June 13, 2024, 09:06:09 AM

I have to confess that I don't understand too much about criptos, but during an important time I have studied about reading charts and I can't see a reason for believe that BTC will explode in short-term. I would like to know: What makes you think that will happen a bull run now? It is a true need to learn about it.

The only thing that makes me believe Bitcoin will explode again is because Bitcoin's history always makes an explosion after the Halving. I'm also not very good at reading charts, but my trust in Bitcoin has removed any doubts about its long-term potential. If you are looking for or waiting for Bullrun to arrive, you need to make preparations before his arrival. Do it now, not later, because no one can predict when that moment will come. Always take advantage of every opportunity you have to welcome the arrival of the Bullrun by collecting Bitcoin consistently.

Bitcoin always repeats the previous cycle after halving and has reached a new ATH several times, which means we have confidence in the current cycle where the price of bitcoin will return high even though the current ATH is still too early at $73K, but many people predict more than $100K when bullish comes then now is still not the time but your opportunity is never missed, yeah we don't know when the price of bitcoin will rise but believe many people the price will return high.

Because the ATH after the halving this year took place came so early that is the reason why so many speculators believe that there will be another ATH before the year's end. And also, they believed that the previous bull run was just a tip of what is to come. At first, there was assurance that the end of the bull run would keep the price of Bitcoin at 100k so when it stopped at 73k or 74k there were about. It's now certain to them that it's not yet over and that the 100k speculation is still possible.

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Quote from: frnandoh on June 13, 2024, 09:06:09 AM

I have to confess that I don't understand too much about criptos, but during an important time I have studied about reading charts and I can't see a reason for believe that BTC will explode in short-term. I would like to know: What makes you think that will happen a bull run now? It is a true need to learn about it.

if you are into cryptocurrency they only understand that the price of Bitcoin always increase and always decrease in the market and they determinant of that price of being decreased and also increase is dependable by the gravity or the demand and the supply that come in contact in the market so many investors who invest for long time and who also invest for short term also knows that the price of Bitcoin is not constant but have a mind that the price of Bitcoin can increase at any point in time because the market is rotational

Yaunfitda

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Quote from: snipie on June 19, 2024, 12:18:05 PM

Quote from: RTX-G53 on June 17, 2024, 11:51:23 AM

the bull run will come any time, but don't know the Exact time.. just hold with without panicking, it will make you rich any time..

History tells itself and every couple of years the bitcoin price reach a new all time high driven by adoption, halving and some major events. Obviously these events could take place, few weeks before seeing the new trend in price but it happens in the end.
For the moment, it is the consolidation phase which can be followed by a bull run or at the opposite a transitory period of price decrease.

Mostly it's the halving itself that is the catalyst for a bull run, Bitcoin is going to be very hard to acquire and so their will be a demand as the supply is going to be limited. The thing is that it's not going to be very quick to suddenly see new all time high right after the halving. It will take weeks and months before we can finally see some movement. Although it's the first time that we have reach new all time high prior to the halving. And so with that, it might be a different run for this cycle, but the thing is that most speculators are pointing at a $100k++ as the next bull run price. So what we need and as what we have been preaching, we just need to have more patience this year and the next. And let the market flow naturally, and once we are in the flow, nobody can stop the bulls.

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Quote from: snipie on June 19, 2024, 12:18:05 PM

Quote from: RTX-G53 on June 17, 2024, 11:51:23 AM

the bull run will come any time, but don't know the Exact time.. just hold with without panicking, it will make you rich any time..

History tells itself and every couple of years the bitcoin price reach a new all time high driven by adoption, halving and some major events. Obviously these events could take place, few weeks before seeing the new trend in price but it happens in the end.
For the moment, it is the consolidation phase which can be followed by a bull run or at the opposite a transitory period of price decrease.

Yes this will happen because Bitcoin price will reach the maximum price after dumping a lot. Step by step Bitcoin price will continue to increase, because every time Bitcoin price is pumping to the maximum immediately after the maximum dumping. If you notice the phenomenon that happened when investors got frustrated, those who sold suffered the most losses, and those who were patient during the dumping made the maximum and profit, the phenomenon occurred in late 2022.

snipie

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Quote from: RTX-G53 on June 17, 2024, 11:51:23 AM

the bull run will come any time, but don't know the Exact time.. just hold with without panicking, it will make you rich any time..

History tells itself and every couple of years the bitcoin price reach a new all time high driven by adoption, halving and some major events. Obviously these events could take place, few weeks before seeing the new trend in price but it happens in the end.
For the moment, it is the consolidation phase which can be followed by a bull run or at the opposite a transitory period of price decrease.

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Quote from: Poker Player on June 18, 2024, 10:34:25 PM

Quote from: DubemIfedigbo001 on June 18, 2024, 07:26:01 PM

Its obvious you know very little or nothing abut bitcoin.

So it seems. Usually bull runs start when people like the OP get desperate and sell. And they usually end when people like him buy because it has gone up so much that it looks like it will never stop going up and the price is going to hit $1M next week.

Yes true, there are way too many who start to buy after it goes up, like look at when we broke over ATH just a bit ago, there were so many people buying in billions after we broke over all time high. Those people are crying that it didn't went higher now, but it was obvious that they were too late, not being able to see that is weird. I think we are going to be doing just fine, it should definitely be considered as a good thing.

I think the best way to move forward would be realizing that we should do what the entire world has said since start of history, which is "buy low, sell high", and if you keep buying high then you are going to end up selling low and that way you will only lose money and never make anything back.

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Quote from: DubemIfedigbo001 on June 18, 2024, 07:26:01 PM

Its obvious you know very little or nothing abut bitcoin.

So it seems. Usually bull runs start when people like the OP get desperate and sell. And they usually end when people like him buy because it has gone up so much that it looks like it will never stop going up and the price is going to hit $1M next week.

Quote from: Julien_Olynpic on June 18, 2024, 09:45:23 PM

A reasonable goal for the upcoming race is the level of 100-200 thousand dollars per 1 bitcoin. I know. That there are many much more optimistic forecasts. Some predict 500,000 and even 1 million dollars for 1 bitcoin. In my opinion, this is from the realm of science fiction.

If they are referring to this cycle, as you seem to say, it is science fiction. I too think the $100-$200K per Bitcoin range is the most likely max for this cycle.

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Quote from: Julien_Olynpic on June 18, 2024, 09:45:23 PM

It is clear to me that Bitcoin is on the verge of a bull run. I rely on Elliott wave analysis most of the time and I can say that we are in the final stages of an accumulative triangle before moving higher. But I don't think Bitcoin will rise to big numbers right away. A reasonable goal for the upcoming race is the level of 100-200 thousand dollars per 1 bitcoin. I know. That there are many much more optimistic forecasts. Some predict 500,000 and even 1 million dollars for 1 bitcoin. In my opinion, this is from the realm of science fiction.

The goal of 100k$ is the most realistic goal, but with the recent adjustments, many people are starting to doubt it and people think that reaching 100k$ is a big challenge, let alone 500k$ or 1 million dollars per bitcoin. It is an illusion even though the future is unpredictable.

If I remember correctly, we also had a thread saying that they also rely on Elliott wave analysis and believe a huge bull run is coming. Personally, I'm not a fan of technical analysis, but I believe that history will repeat itself, so I think the fourth quarter will be the time when bitcoin and the entire market recover and enter a bullish cycle as many people are expecting.

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It is clear to me that Bitcoin is on the verge of a bull run. I rely on Elliott wave analysis most of the time and I can say that we are in the final stages of an accumulative triangle before moving higher. But I don't think Bitcoin will rise to big numbers right away. A reasonable goal for the upcoming race is the level of 100-200 thousand dollars per 1 bitcoin. I know. That there are many much more optimistic forecasts. Some predict 500,000 and even 1 million dollars for 1 bitcoin. In my opinion, this is from the realm of science fiction.

DubemIfedigbo001

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Its obvious you know very little or nothing abut bitcoin. Well bullrun occurs after halving. Having had taken place and we're expecting the bullrun which no one knows when its coming, but we know from research, history and experience that it does come a while after having.

Best way to get involved for you is to buy and HODL for now, you can learn about other things later, but accumulation is very important to get the bullrun blessing

STT

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Bull is asleep come back another week. Its clearly set to move down at least some, yesterday was peaking at the weekly average and also prior on June 12th and 10th. So I will continue to use that weekly average as my gauge as to possible positive movements counter to the recent decline.

Its always confusing in BTC that we can move up and down continually but in sum total that is the move Im interested in and right now there is a steady but not great decline in pricing.

Topic: Where is the bullrun??? - page 2. (Read 911 times)