Will 2017/2018 Bullrun repeat in 2021? - page 2.

Twinkledoe

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Quote from: exstasie on October 24, 2020, 07:03:17 PM

Quote from: thecodebear on October 24, 2020, 04:49:20 PM

I think we've got at least 6 more months of buildup to get back to around the ATH, and then another about 6 months of hanging around $20k, give or take a few thousand, before it really breaks free of that area and we start seeing the parabolic move as another retail investor mania starts.

If we view the summer 2014 and summer 2019 bull traps as parallel resistances, then that's roughly the same path taken in 2016-2017, give or take a couple months.

On one hand, that feels a little too predictable. History rhymes but it usually doesn't repeat. On the other hand, people seem too bullish right now, too expectant that another 2017 is right around the corner. More shakeouts and ranging would feel appropriate.

The factors affecting the increase are also different than before. In 2017, a lot of them were driven by hype and most of them had little to no knowledge what they were getting into. This time, I believe there are a lot more educated users aside from the fact that a lot also learned their lessons during the ICO days. I think this time the increase will be driven more on adoption and not because of the hype surrounding it.

exstasie

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Quote from: thecodebear on October 24, 2020, 04:49:20 PM

I think we've got at least 6 more months of buildup to get back to around the ATH, and then another about 6 months of hanging around $20k, give or take a few thousand, before it really breaks free of that area and we start seeing the parabolic move as another retail investor mania starts.

If we view the summer 2014 and summer 2019 bull traps as parallel resistances, then that's roughly the same path taken in 2016-2017, give or take a couple months.

On one hand, that feels a little too predictable. History rhymes but it usually doesn't repeat. On the other hand, people seem too bullish right now, too expectant that another 2017 is right around the corner. More shakeouts and ranging would feel appropriate.

livingfree

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Quote from: thecodebear on October 24, 2020, 04:49:20 PM

I think we've got at least 6 more months of buildup to get back to around the ATH, and then another about 6 months of hanging around $20k, give or take a few thousand, before it really breaks free of that area and we start seeing the parabolic move as another retail investor mania starts. So basically 2021 buildup and stabilizing around $20k preparing to launch, then 2022 parabolic bull run. 2023 crash back to probably around $20k-$25k (wherever the 200 week MA is).

It's the reason why I see many speculations that 2021 is the key year.

This year is part of the building up and we get better results by 2021. But also, be minded that it could also be the year that the same bearish trend could come just after the bull run.

But hopefully, it is better than the last bull run.

Viscore

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I'd never stop thinking and believing it but I don't want to expect more of it. Besides, if we think about another $20k again, it feels too hard to get it to reach back, I'm glad enough to see Bitcoin price will able to reach at $15k, which was big enough at this time.

Anyway, 2021 is still long enough to predict the (less) possible to happen. Quite the market changing every day, see's it trend it makes so hard to tell what will happen next and even we can see the uprising momentum but still can't assures that it keeps such momentum for long.

For me, I could say that 2021 and the coming years are most exciting to see because as adoption gets stronger, many businesses had open-up for crypto. This will affect the market price and developments.

thecodebear

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I think we've got at least 6 more months of buildup to get back to around the ATH, and then another about 6 months of hanging around $20k, give or take a few thousand, before it really breaks free of that area and we start seeing the parabolic move as another retail investor mania starts. So basically 2021 buildup and stabilizing around $20k preparing to launch, then 2022 parabolic bull run. 2023 crash back to probably around $20k-$25k (wherever the 200 week MA is).

naikturun

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Quote from: boltz on October 22, 2020, 06:28:49 PM

Personally, I don't think the bull run is near but we do have some signals that we are slowly approaching it so I would expect 2021 to be the last accumulation phase before Bitcoin is going sky rocket. Most of the old holders are predicting that 2023 will be the peak of the bull run so if this is true 2021 has nothing to offer beside a massive accumulation phase that would bring the price up to ~15k$. Again , this is just my personal thoughts based of what I'm seeing and what I've experienced.

I do want 2023 to be the bull run as I still need time to accumulate because covid made us to spend our money more than we're used to.

that which is not known for sure, and everyone can only predict, and regarding this pandemic, do you think the pandemic is a barrier to the occurrence of bulls?
if that is the case then history will change because a pandemic like this is coming for a long time, so I think it will cause big changes both in economy and society.

boltz

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Personally, I don't think the bull run is near but we do have some signals that we are slowly approaching it so I would expect 2021 to be the last accumulation phase before Bitcoin is going sky rocket. Most of the old holders are predicting that 2023 will be the peak of the bull run so if this is true 2021 has nothing to offer beside a massive accumulation phase that would bring the price up to ~15k$. Again , this is just my personal thoughts based of what I'm seeing and what I've experienced.

I do want 2023 to be the bull run as I still need time to accumulate because covid made us to spend our money more than we're used to.

dunfida

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Quote from: Wysi on October 19, 2020, 06:00:45 AM

Is this the beginning of most awaited Bullrun which we have been expecting and speculating all these while? As there is been no major dumps and most of the altcoins are performing above average, Bitcoin has cemented it's spot above $10,000 with $10,000 being lower range which was really difficult to achieve all these years.

Kindly share your opinions whether this is an indication of bull run or else a trap wherein whales are trying to cashout at peak which might send one more shock waves across market?

Still have doubts specially if the movement of price is way too fast or something that you cant really expect for it to happen.Well, bitcoin or the market can really surprise us on least expected
but im not really that too confident that we are already on the pace of the new bull run but this is just only my my speculation though because we cant tell if this is already the start
of such beautiful run that we do all hope for after all the years we've been waiting. 2021? Its a realistic target to presume out basing off on the movement we are taking at the moment
but as an investor then better to be wise on playing with the price movement waves to take advantage on getting profits even into these shorter ones.

Clark05

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I don't think this happening now is a trap because the rising is continously and I think the bull run happened only in 2017 and after that year the year 2018 is not a bull run because on that year that cause also why the dumping started and this year 2020 I saw the good price of the bitcoin and the other altcoins and it was a good sign and It's better to continue of what happening today.

lowstar

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Hello people, I just started to invest in bitcoin and indeed I joined around the 10,500 USD mark. I don't think the bull run will stop soon, and I have a good feeling that this is the last chance of getting a sub 20k coin. Fiat can be and is made out of thin air as we all know, so deflation of the Bitcoin relative to fiat is inevitable in the long run.

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Quote from: Wysi on October 19, 2020, 06:00:45 AM

Is this the beginning of most awaited Bullrun which we have been expecting and speculating all these while? As there is been no major dumps and most of the altcoins are performing above average, Bitcoin has cemented it's spot above $10,000 with $10,000 being lower range which was really difficult to achieve all these years.

The bitcoin price consolidated above $10k for quite long period and those days it spiked from $11.5k to $12k then $13.1k in just 1 day. This sudden rise has 2 paths, whether the price will continue rising to $15k then ATH then a correction will most likely took place, or this is just a small bubble that will blow up shortly and big whales will cash out a fortune!

davinchi

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It looks like there is going to be a bull run in 2020 let alone 2021. What I am really wondering about is the fact that in 2017 there wasn't a big increase until like summer, the price was very very low until summer, and during that same summer there was BCH which was giving free money basically to everyone who hold bitcoin at certain date, so people all bought bitcoin in bulk as much as they can in order to get that free money which increased the price as well so they really liked the idea.

We didn't had that this summer, so we moved beyond those times. However we also had a 3k to 20k rise from November to December in 2017 as well, with this increase coming near the November date, does anyone think the same type of increase could happen again? Not saying x7 because that would be 70k, but maybe break over 20k once again in December?

error08

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Quote from: Wysi on October 19, 2020, 06:00:45 AM

Is this the beginning of most awaited Bullrun which we have been expecting and speculating all these while? As there is been no major dumps and most of the altcoins are performing above average, Bitcoin has cemented it's spot above $10,000 with $10,000 being lower range which was really difficult to achieve all these years.

Kindly share your opinions whether this is an indication of bull run or else a trap wherein whales are trying to cashout at peak which might send one more shock waves across market?

Seems bitcoin price persist above $12,700. Considering the price plummeted below $5,000 in March, then the bull market has started since April, reach a good mark at $12,300 in August but then corrected to $10K. The rally began earlier this month from $10,500 to $13,000 due to some factors affect the market sentiment including PayPal"s announcement. Some predicted that bitcoin may reach $14,000 as the next target, but who knows how far it will rise until the end of this year and what the next year could bring upon bitcoin market.

Chrystora123

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Quote from: Saisher on October 20, 2020, 10:13:49 PM

I am very excited to see the outcome if history will repeat itself, I was still a newbie on the last all time high and has no decent portfolio back then, I gained experienced now and holding a lot of good coins in my portfolio and this next bull run will give a dramatic change in my life not to mention I am in a campaign where I'm getting Bitcoin payout, I'm sure many of us here are as excited as I am.

This hope is the wish of everyone who focuses on crypto.. Bitcoin makes new ATH records is the most beautiful gift and is sure make HODL go rich. does not feel like we will enter 2021 soon. hopefully, it happens according to our expectations (Bitcoin goes to the moon again)..

aioc

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Quote from: Vishnu.Reang on October 21, 2020, 01:24:06 AM

Every argument has two sides to it. Those who predict a bull run claim that it is due in the next 1-2 years. They claim that the current prices are lower than the fair valuation, and a spike was due after the block reward halving. But at the same time, there is a real chance of a bearish movement. A lot of people have accumulated BTC in 2020, expecting a bull run. In case this doesn't realize, then we may witness a massive dump. And this can take Bitcoin back to four-digit prices.

Bitcoin is now at $12800 level if they bought Bitcoin when news of pandemic broke out then they can take their profit now, there's always a possibility of a dip so it's worth thinking of selling some and retaining some, so far the movement for this week has been good, I did not expect the price to move that fast, but any increase of the price is always good news,

naikturun

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uncertain either but most people say history will repeat itself, meaning that the scheme will repeat itself.
and there is also other good news, currently paypal has accommodated bitcoin and caused a high enough increase to above 10% in less than 1 day.

darewaller

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In 2018, there was no bull run for bitcoin but few altcoin hit their ATHs. I mean if you refer both scenario of 2017 and 2018 to be happening in 2021 then I am doubtful on that. Moreover, we need to count the consequences of on-going pandemic as investors may allocate major portion of their reserved funds for food and other emergency needs and low percentage for long term investments like bitcoins. It means FOMO may be less wilder than what we experienced in 2017 with bitcoin markets.

All the above, I am optimistic about experiencing another strong bull rally of bitcoin which may lead to grow of bitcoin prices to another 10 fold. Because, bitcoin always is following 4-year-cycle which is usually triggered by halving. Hence, another 10x growth of bitcoin is still due, thanks to 2020 BTC halving.

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Quote from: pooya87 on October 20, 2020, 11:54:36 PM

Quote from: maydna on October 20, 2020, 10:37:59 PM

~snip~

history has been repeating itself already!
you shouldn't just look at the end of the bull run and only call that "repetition". but you should look at the entire transition from the bubble (the one before last at $1200 back in 2013) to the bear market then the prolonged bear trend and a longer accumulation in 2014 and 2015 respectively and finally the start of the slow rise in 2015 and start of 2016 that led to that final fast and big bull market of 2017.

so far everything from 2013 to 2016 has been repeating very similarly from 2017 to 2020 even the time-frame (3 years) is the same!

I don't have high skills to analyze deeper as you, and I only see that history will repeat itself. And now, we see that the bitcoin price has the power to lift the price to a higher level, and the bitcoin price finally can break $12k, even the price touch $12,500. The price takes a break for a while after medium rallies from the $11,900 level to $12,700. Perhaps, it is because we almost at the weekend, which usually, the price will adjust for a while.

But I am sure that the price will have the opportunity to break $13k and so on. If bitcoin can have more power from this month and next month, perhaps, we will see bitcoin price can touch $15,000 - $17,500. But still, we need to be careful if there is a downtrend or dump to get more support. And if that happens, we can use that time to buy more bitcoin.

dunfida

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Quote from: Oceat on October 21, 2020, 01:10:50 PM

Quote from: carter34 on October 21, 2020, 10:55:15 AM

Quote from: Vishnu.Reang on October 21, 2020, 01:24:06 AM

But at the same time, there is a real chance of a bearish movement. A lot of people have accumulated BTC in 2020, expecting a bull run. In case this doesn't realize, then we may witness a massive dump. And this can take Bitcoin back to four-digit prices.

Your position here is looking like what it could be. The expectations of bull has long been on after the halving but the economic situation has not allow real buying and trading to start happening and as some have bought too to move with the bull trend. The dumping can be possible as soon as hodlers don't get the bull in their own expected timing.

What bearish movement? AFAIK Bitcoin halving just happened in May this year and the bearish movement you are talking about just happened last year. So I guess it's time for the bull market to shine that's why this pump that we see is a start that Bitcoin is almost there in the bull run. Although it's just too early to celebrate or expect that this is the bull run because it might also be a bull trap if you know what was the whales been doing.

When it comes to these kind of movement into these kind of moments then i cant really blame off someone if they would really have that emotion or feeling that this might be the start of the bull run but we know on how
Bitcoin movement works neither it would go into breaking those resistances or is just an ordinary day where fake neither bull or bear traps.This isnt something new that we havent seen off yet this had been the system
for a decade now and still continuing and as a trader then these spikes will really give out some good profits but also the hardest part to make up decisions yet we dont know if the price will make out some pullback for some re-entry or would just rally all the way and finding a new level to stay for a while.Nothing is assured when we do talk about the future but talking about bull run then knowing that we are dealing with a market
which these moments can really possibly happen anytime.

Oceat

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Quote from: carter34 on October 21, 2020, 10:55:15 AM

Quote from: Vishnu.Reang on October 21, 2020, 01:24:06 AM

But at the same time, there is a real chance of a bearish movement. A lot of people have accumulated BTC in 2020, expecting a bull run. In case this doesn't realize, then we may witness a massive dump. And this can take Bitcoin back to four-digit prices.

Your position here is looking like what it could be. The expectations of bull has long been on after the halving but the economic situation has not allow real buying and trading to start happening and as some have bought too to move with the bull trend. The dumping can be possible as soon as hodlers don't get the bull in their own expected timing.

What bearish movement? AFAIK Bitcoin halving just happened in May this year and the bearish movement you are talking about just happened last year. So I guess it's time for the bull market to shine that's why this pump that we see is a start that Bitcoin is almost there in the bull run. Although it's just too early to celebrate or expect that this is the bull run because it might also be a bull trap if you know what was the whales been doing.

Topic: Will 2017/2018 Bullrun repeat in 2021? - page 2. (Read 815 times)