Bitcoin Forum

At the time of writing, Bitcoin is up by 2.88% and is trading at around $5,827.72 with a total market cap of $103,039,430,699 as seen at CoinMarketCap.com. Do you think the bull run really starts? Kindly share your thoughts, thank you.

Once Bitcoin can reach the psychological barrier of $6K, then we can indeed say that the bull run is now starting to be waking up. And if big investors can be back on the bandwagon then Bitcoin can keep on growing hopefully into the $10K level for the remaining months of 2019. I am not a good prophet of Bitcoin though so this is just a matter of my own personal opinion. Anyway, the overall sentiment of the market is very positive and so what is happening with Bitcoin right now is just reflective of this trend.

This is called swimming with the current. Many people tend to launch optimistic statements as soon as the price rises, this is not a prediction but an attempt to gain some fame due to psychological motivation.

Believe me, the same person (Ran NeuNer) will change his saying as soon as the price drops below $ 5000.
Finally, remember the resistance barrier at $ 6700 so let's consider this to be the upper limit of optimism at the moment.

Two weeks ago ran into a semi relative who told me he and his wife are finally into Bitcoin. They kinda said the same thing (this was some time after the April Fool's mystery magical spike) that they're swimming with the current. To quote him, it was something like "Sometimes, when the tide is coming up, you just have to jump in and let it take you, no matter you can swim or not".

I later found out they got their first "whole" Bitcoin at Luno.

I suppose you really can't fight momentum.

We had a year-long bear market, we have halvening in one year from now, Bitcoin showed similar cyclic pattern in the past - there are many reasons why people think that bull market is finally coming. I think that even if they are wrong and we still haven't left the bear market, it wouldn't last long, the fact that so many people anticipate it can be almost enough to eventually start a new bull run.

Right. That's why you really need how to swim with them and not go against the current tide. Ride the waves and then exit if you see something is wrong. But we all like what we have seeing so I'm sure more will go and test the waters.


It only means that this so called "expert" are just like the rest of us here. Just pure speculators who will suddenly jump when the price goes up and then will share their opinions/ideas as to what went wrong when the price goes down.

I agree but the next questions is how long will it last? how high it can reach? It's no denying that the bull market is here after a series of sudden hike in bitcoin's price. I really hope that this case is not where wealthy people are just manipulating and pumping it and then dump it to another new bottom which is much more worse than I imagine.

Everything is possible, but it's better not to take it seriously cause everything can happen in a couple of days. I expect a real move up at the end of June. Hope to see good results of my investments finally.

I wouldn't say it is definitely here, but it has certainly started to show the signs. The bear market has ended and bitcoin has hit over 6000, good times are coming

The guy is obviously invested in Crypto currencies, so it is just natural for him to be bullish about the latest spike in the price. I would feel confident that we are in a new Bull market, when the price takes the same price pattern as we saw in early 2017, just before the all time high was reached. <We saw a aggressive push with frequent $100 to $500 price spikes every week>  ::)

So let's be patient before we hype this too much and prevent a scenario where people are disappointed if this was not the big push that everyone was waiting for...  8)

People are just to scared to believe that the bear market is over after it sunked into their minds for more than a year. It is really hard to convince them especially those that buying the dip but it still go down after. I hope that now that $6k is back, people will really now HODL their btc when they are going to buy it.

needs more trading volume


end of bear market != start of bull market

Now that the price is increasing:

Bitcoin Breaks $6,000, US Stock Index Futures See Lower Open (https://cointelegraph.com/news/bitcoin-breaks-6-000-us-stock-index-futures-see-lower-open)

many people will make their price forecasts. The most important question at the moment is:

Will the price stay above $ 6000 for many years? or will we see price falls below $ 6000?

I think you're taking too much period of time for that question, what will happen by the end of this year is not easy to predict. Price is just crossed over $6000 mark, but as was to be expected it is difficult to maintain there, so on some exchanges even now is below that value.

If we take into account every correction which happened, then you can see that in some of the biggest drop rate is from 50% to 90%, and last one is around 80%. Just for example, from $20k to $3000 - from let's say $40k-$50k to $8000 / $10000 after correction. Chances that the price will never drop below $6000 at the moment are not very realistic, especially if we do not take this price increase as a result of bull run.

If you believe the 4-year cycle theory or logarithmic theory (or whatever it is), then after the next bull run (if any) we won't see the lowest price of the previous bear market ($3.3k in this case). Depends on what's the ATH, I think we could hover around $12k for the next ATL, but of course, this is just a rough prediction where we assume next ATH will reach $100k.

It is also possible that we don't see any ATH and the price of Bitcoin will just hover around $6k.