Bitcoin Forum

BTC rally this year has pulled many coins up after two years of bear market. It has just crossed the golden cross and restoring faith in bull run.

Golden cross are incredibly important and it could  be the signal for the investors to buy the dip. As halving is nearing there are big expectations and hopefully it will create history again, Guys just invest in BTC for a better tomorrow. Good luck!!!!

You are a real man if you invest in bitcoin ;D ;D
As it approaches halving, prices will continue to rise, especially bitcoin as the main character, bullrun like this will continue and will not be opposed to this bearish, we are currently monitoring how the market moves well.
Don't forget altcoin is also increasing a lot when it's time to take advantage with bullrun.

many shitcoins have been pump and dumping for the past 10 years every time bitcoin price becomes moderately stable and right now bitcoin price is stable so many shitcoins are being pumped and dumped.
... nothing new to see.

just FYI bitcoin has been in a bull market for over a year now. and we are already >250% higher than the bottom price that was reached a year ago.

Dont get your hopes too high. Just because were breaking off the support doesnt mean that this will continue all over to previous ATH. There is chance but make it a practice to always stay low and be always sure. Never become too greedy if others are cashing out or selling already join the league dont expect it more you'll end up like the last bull run when it fade keeping high hopes until he never sell what was supposedly called gains now becomes an asset loss.

I wouldn't call 10k "low". The current price is already quite high if we take into account that a few months ago we were at 6k and considering a drop to 5k.
Those who do TA based on waves say that we're already witnessing the last one before a correction. I'm not one of them but this isn't something we should ignore.
Are we in a bull run? Yes, but breaking 10k is crucial. I believe we can reach 15k before the halving but there could be a correction before that.

Let this rally continue, we will eventually breach $10,000 soon and let's see what would happen from their.
IMO, it's too early to tell what would happen as last year we hit $13,000 but only end up with a little disappointment since btc dropped $7000 by the end of the year so a suppose to be altcoins season did not happen.

That's what we think, when bitcoin is bullish, there's a lot of positive vibes here.
Well, it's restoring,.. maybe because altcoins are now slowly rising and follow the lead of bitcoin.

soon the $10,000 will be achieve and there will be more hype as we march forward.
Halving hype is really effective, bitcoin is bullish last month and it continue until this month.

I see this is a riding year for bitcoin. It has always been a steady move from bitcoin and not staying down below $7,000. And for close to a week, the moment of bull has not seized. It has been green for bitcoin and I see that being sustained till halving.

It will come true at this year, I just supprised to see the market time by time bitcoin price always up there and just meet a bit correction and up again. There will be many people who will regreted to not buy bitcoin at the lower price at least when its price still $7000 because it just need one month for bitcoin touch $9800 right now.

But, I'm a bit dissagree if just bitcoin will give you a better tomorrow because I just thinking that ETH is really deserve to say will give you many thing in the future. As you can see how its price movement. Just last month the price ETH was $125 but when this came its price increasing drastically, so you have to consider it by the way.

This is kind of what we need as a whole community. When bitcoin starts to go up people get hyped about it on both sides. The buyers start to buy more because it is going up and they fear they will miss out on the potential profits and the sellers start to remove their orders of selling because they fear they will be selling for less than what it will be. That is exactly the reason why the resistance point keeps changing as well, people remove their orders from lower resistance points and put it somewhere higher which kinda helps and hurts us at the same time.

It helps us because we can "break" the current resistance easily but it hurts us because they keep putting it somewhere else, I mean if they are willing to remove it, let them remove and not put anywhere and just sell on market when they feel it is better, which would mean they could sell higher without a resistance point.

When you talk about golden crosses you need to say which one. There are many that uses different daily averages.

We do have lots of news about golden cross but i dont see for it to be a significant reason.Technicals? Some sort of but not a reliable thing to depend on.

https://www.coindesk.com/bitcoin-charts-first-weekly-golden-cross-in-3-5-years
https://www.marketwatch.com/story/bitcoin-scores-a-golden-cross-and-now-everyone-is-bullish-2019-04-23

And we have that recent
https://cointelegraph.com/news/bitcoin-price-forms-golden-cross-as-china-panic-prints-170b

That dude most likely doesn't know what he is talking about. Most people are repeating after what they read on social media. One day decending triangles are a thing, next day short squeezes, then golden crosses, etc.

People think that just because the market is starting to look more healthy that we will see an insane bull run, but that doesn't have to be the case at all. I personally think it's less likely to happen this year with how much resistance levels we have to break through in order to surpass even last year's $14,000 top.

In the end, the averages that mean something in terms of macro trend identification are the weekly moving averages. I see it happen all too often that people go by 4 hour moving averages, and some even hourly averages. Unless you're a trader those low time frame moving averages shouldn't be your focus.

Yeah, I'm really not sure what the OP is referring to. I would usually take it mean a bullish 50/200 cross on the daily chart. That's the most common usage of the term:


https://www.investopedia.com/terms/g/goldencross.asp

But as we can see, no daily golden cross yet. Maybe in a few weeks:

https://i.imgur.com/2C9uYHO.png

If we can break through 10k, I'm pretty sure a lot of people will begin to invest in Bitcoin. And hopefully, those who invested during the 2018 burst will have hope again. Let's see if halving will take us to 20k or at least 15k.

Love to see all these optimistic topic titles again, means its probably going into another cycle of down before later going up.  Anyone who likes to trade should like that we never seem to move in a straight line for long.


Too late seems like, unless we're talking a time frame of some years.   Buy dip usually means finding positives amid seemingly negative pricing, the person who spotted 200 week moving average as being a thing perhaps.    Buying now isnt a dip, its a buy into momentum perhaps and the hope it continues but even that I think it required an earlier buy then now.
   A trade now is difficult because to me its a turning point, market must decide between paths or digest prior gains if you like.

BTC turning around from 3k already restored faith I think, it can half here and still make that claim.  Dont think it will half but just going up isnt a requirement afaik.

2 out of 10.
The number of altcoins that increased in my portfolio from all this bull run that is happening with bitcoin.
I still don't agree that everything will go up.
No facts to back it up.

Ethereum is one of the best that got a recent increase in price.
Why? Because there is also an event that will happen in it.
How about the other coins? None. There is no news about it.
So why the hell should they get more valuable? I am really frustrated about it but I need to wait a little bit more.
Maybe all this changes could somehow make them see that something must be done.

What do you expect? Every coin is traded against BTC. So when bitcoin goes up, a domino effect trickle to the altcoin market as well.


I see the market in red today. It might be some are selling obviously,  but it will be interesting what this golden cross (if we have cross this pattern yet) could bring. Yes I agree that majority of technical analyst really looks at it as a positive signals. So I do hope that the price will push to 5 digits again.

Since the start of the year 2020, the value of Bitcoin continuously develop till in the present its price already reached above $9,600. I believe in the coming days it would hit $10,000 that would support the claim of a Bull run this year.

This would be a great time to invest in Bitcoin.

With the halving upcoming and a lot of FOMO being felt, having a bull run right now isn't all that surprising. There's also the fact that BTC has always been in a bull run, starting from its last bottom at 3k at the start of 2019. A lot of people just don't see it because of the last bull run of BTC to 13k last mid-year of 2019.

It's honestly a nice start to the year, and lets hope it continues. But if we based it on what happened in the past halvings, BTC would actually experience a drop once the halving is here, and a sharp one at that. Only then would BTC slowly rise and hit the bull run once more, possibly fighting for another ATH.

We should not get over the hype about the bull run. Because no one knows what gonna happen in future! As the present condition is good in crypto that doesn't mean buying is the only solution. But if this grows continues then we can expect a bullish run in Bitcoin, so, buying BTC will give you profits in the near future.
The good thing is many altcoins overcoming the longest bear run and it is happening because Bitcoin price has grown well! Personally, I am waiting to see a minor dump in Bitcoin so I can buy it again to hold for a year at least!

No bull run yet even at $10,000. we were touching that price many times last year but we still not seeing a bull run, instead bitcoin just continue to drop.
We will see a bull run once bitcoin reaches $15,000, that's my estimate because the last time even with $13,000, the market still did not push to a bull run, it was just a short pump then we were slowly dump again.



Taking this opportunity to invest for short term would be good.

We are at $9,803 yet the hype still going on and halving is yet to come so provably we can see more since we still not on the peak but provably we can see a $10000 by next week if there's no manipulating intervention will come but seems the environment is quitely in good grace so we can see the price shape up this time. But I don't think we can call it bull run yet since $10000 is not a close figure to the past ATH but if the price quickly surge and reach to $15000 then we can perfectly say that bull run is occuring.

But we cannot still disregard the fact that the situation at this moment won't be the basis of the year's market behavior. Not to be a pessimist, but we should also look for the possible backdrops in order to not be in regrets for assuming too much. We have seen signs before but the past turned out to be not in favor with our expectations. I am not saying this to create negativity, but for us to be ready and to be mentally prepared for the future happenings in the market.
A good speculation but as long as the increase is not continuous, we cannot assure the occurence of bullrun. The behavior at this moment is a bit of a "stability" state and not still on the process of the 'uprise' we have seen before.

very happy to see the price of Bitcoin recovering again, I prefer the price of BItcoin to recover slowly, and not experience manipulation, congratulations to BTC holders when the price is at $ 6500  :D

Investing in Bitcoin will be great if you have huge money, otherwise, I would suggest waiting for a dump in Bitcoin price then you may buy! Because the recent price is pretty high, and I believe before the bull run, Bitcoin will have a correction by coming down! For a better tomorrow, everyone converts their coins into Bitcoin!

Bitcoin will grow for sure but we can't hope for massive grow in short time, maybe will take years to have bitcoin at 30 k usd

I still wouldn't call current situation a bull run. It's still hard to tell if we are going to have continuous, fast and steady growth or this is a temporary rise after which the corrections will follow.
Despite the positive trend I'm not having too big expectations and although we are very close to 10000$ the price might pull back. Anyway, I don't expect to see real bull run any time soon.

Taking into account the performance of altcoins I am not so sure the current growth is  the result of bitcoin pulling up altcoins with it, in my opinion what we are seeing is the main altcoins finally waking up after years of sleep with ethereum leading the charge, if I am correct then you need to prepare because an altcoin season could be about to start and if I am right then you need to direct your attention to altcoins since an altcoin season is the easiest way to multiply your bitcoin in a fast way.

There are different ways to look into it as the one who has invested into bitcoin during it's worst situation during last January 2019 would have already received a return of around 3 times than what they have invested back then. But yes the recent pump is great news for everyone in restoring the faith that  there will be further bitcoin bull runs as well.

This year should be the best bull run ever. I mean, starting the year with a run up to 10k is so much a relief. If halving does it's magic, we could see an easy 15k, and maybe steady over that for a period.

I don't think that faith in BTC should be swayed by price movements in the short term, that's just plain and simple.

Also, don't be surprised if there were some sort of short term pullback in terms of price in the near future - with such high amounts of growth there is no doubt that a correction will occur sooner or later, but I do think that it'll probably be around the $11k mark before anything major occurs.

Keep buying dips, keep holding. That's still the mantra.

I am so sure that the current increase will not stop until the price of bitcoin is at a level above $ 13000. at this time, maybe some people are waiting for the price of $ 11000 to happen again, however, I think this month the price of bitcoin can reach that target point. however, this year's rise in bitcoin prices will be extraordinary.

That should only be a relief if the price can be maintained, if the price begins to go down once again then I will not be surprised if we see bitcoin going back to the 7k or 8k range, I know this may seem unbelievable for many but if you look at the past and the way bitcoin moves those levels are still not out of the question and we should not dream yet of levels like 15k when 10.5k is proving to be such a difficult barrier to break for the bulls.

not only 13k usd but im expecting something bigger than that upon this year  . im expecting that btc can re achieive its last ath  , if that happens . i will be happy and contented , and i wont not expect for more  because within that price range , we and others can already earn sufficient income and of course this bring positive impact to other coins too not just for bitcoin itself   .

but for now , people still have problems like the recent issue of the said virus  but as soon as its over , people can now more foccus on btc and the growth shall start rapdily  .

No doubt so, that bitcoin has started well this year. But we are more like expecting a magic to happen with halving. We might be surprised that the effect of it might not be much or not show up  as quick as we think it could be.

I also believe that 2020 will be a better year for the entire cryptocurrency market if the growth trend continues further.  I believe that the current market situation is even several times better than it was at the end of 2016 and at the beginning of 2017, since the situation in the world today with respect to cryptocurrency is much more complicated than it was in those years.  In addition, the reasons for the increase in cryptocurrency prices then and today also differ significantly from each other.  Based on this, I have good reason to believe that today we are just at the beginning of a stable bull run, since the world is starting to use blockchain more and many companies are interested in tokenizing their business, and this is more and more attracting the attention of investors.

I was tired of 2018 and 2019 bearish  ;D
Finally we are seeing great results in terms if price, because even in a bearish year, BTC keep strong with the fundamentals and developing
But it's good to see all in green again and people becoming more confident to buy, believing this price is still cheap and with a plenty room to improve and rise
Let's see what great stuff we'll se this year

It is not too late if you want to invest in bitcoin before bitcoin prices rise higher. You can buy at any price level on the market and hold it for a while, or you can try to sell when the bitcoin price increase higher. You will have your time to buy and sell bitcoin every day, especially if you can buy at a low price and sell at a high price. I see that some people use the chance to do that thing so they can make a good profit from the volatility of bitcoin price now. We will see bitcoin price will increase higher in the next few months and if we can prepare from now on, we will make a big profit.

If you are going to look at the recent graph, it will tell you that the bounce is somewhat natural.

We have seen it going around $9800-$10,300, so just a little $500 +/-, and that is still manageable. But for me this is not a bull run, it's just that investors are easily buying in dips and then selling at a profit. And this is a good strategy for short day traders, however, for a holder, they will simply buy Bitcoin whenever they can and just wait for the eventual bull-run. Just be wise and choose your entry and exit point.

Those years are the best time to buy bitcoin and fortunately, I was able to buy bitcoin that time and right now I also believe that it is still cheap to buy. Even if we saw some corrections along the way I still believe that 2020 will be the best year again for us so stay focus and keep your bitcoin safe the bull will become more big.

It's important to zoom out a bit, because we're very much in a bull run if we go from $6400 to $10,500 in such a short period of time. Just like how during bear markets we don't go down in one straight line (there are plenty of 20-30% pumps happening), we also don't go up in one straight line when the bulls are in control of the macro term.

During bull markets the price likes to bounce off the 21EMA on the weekly, which currently hovers around ~$8600 the last time I checked. In that regard, it's quite simple for me to conclude that it will offer an amazing buying opportunity. I however think traders will front run that level at this point because money is eager to enter so I will get in around ~$9000 if it gets there.

Yeah, 2018-2019 was the year to buy bitcoin at which time the price of bitcoin was lower because one would not have thought that prices would after reach $ 3,500.
But at times like this we have to know that bullrun will continue to exist until halving arrives, did you benefit from bullrun yesterday?
tnetu with this increase many investors who are and also holders in the long run and now is the time to sell at the time of bitcoin above.

Like what?
Ethereum and XRP. It is just that, when I think about altcoins those two are in my exemption list.
There is no doubt their demands is going to soar since they are 2 of the most popular in the crypto industry.
How about the others? I still don't see then making some good changes.
Still a downwards graph is being drawn.  ;D

i dare say that the recent drop in bitcoin price could have been caused by the dump in altcoins. at some point it became bigger so that a lot of money kept exiting the altcoin market  and like always when the altcoin panic sells start some part of the money exits to fiat using bitcoin first and that can put a pressure on the rise specially when bitcoin is trying to break a resistance.

The halving hype is enough to make people strong to believe that Bitcoin bull is coming. But that won't come very quickly as our expectations. People are hoping too much, many people already set their mind that after the halving, Bitcoin will have bullish run in this year. But by following the previous bull run, now I feel the Bitcoin bull run may come later in 2020 and in the middle of 2021! But that's true that this halving already made very strong hype about the Bitcoin bull run!

It needs time before we can see the impact of the bitcoin halving. People need to know that bitcoin will increase higher before or after halving because bitcoin has a chance to rise higher. Maybe they still think that bitcoin will be like in 2017-2018, and then the price will go down deep, so they still afraid to invest in bitcoin while the price is still at a low price. Bitcoin price itself is not increasing so high, but it increases step by step, and now, we see bitcoin price is below $10,000, and that will need time to rise again.

Last year the growth of bitcoin is good as well, the price surge up to $14k (though alts didnt follow) and many investors earned by selling their bitcoin.

For this year we have a high hopes that bull run is possible because of halving. The price reached over $10k but currently the market is declining again, I think its too early to say bull run is on the way if the price cant break last year's highest price of bitcoin

I do hope that this euphoria lasts longer than the previous ones. At best, we may want to hold out on speculating until the halving is completed. But if u were to make a really good guess, it would be that the bull run will be short lived.

When people are more bullish we will eventually see a bull run this year, I know it's not gonna be easy but the FOMO is a strong factor that could drive the market up hopefully these manipulators would not stop the good bull movement of bitcoin so we will have a great year this year.

I believe whoever invest in $7,000 this year will be able to double his investment within this year as long as he knows how to sell it at the right timing, but of course, I hope this year we will at least end $15K, or probably if more will be given then the better.

The price has bounced off once again away from the 9800 resistance level and we are back to a price close to 10000, the next days and weeks are going to be very interesting, if we can surpass 10500 then we may go back to 14000 for each coin but if the price remains at the current range for long then it is likely the bulls will lose interest and will begin to sell their bags, this is important because many retail traders entered their positions above 10000 and if the price keeps going down they will be unable to hold for long and a fast decrease in the price will be almost inevitable.

$14k is indeed achievable for this year yet we do really have a valid catalyst for an upcoming bull run which is the halving event.We like it or not, FOMO thing would happen this time specially
we are already months away on said event and if you do really want to secure of profits on short time basis then better to sell early before the halving happen.
We do all love bull run and we've been missing this one since 2017 and previous years on similar.Correction is inevitable though thats why we should really be wise on when to take profits
or to get out.

It seems like a new hype will again start, bitcoin back to $10,000 now after days of downtrend, this is a good price trend so far and I was right that we should not panic when we see some as clearly that's only a correction.

Overtime, we will achieve a new ATH but let's talk first about the possibilities this year, from $10,000 now, I think when it pump a bit, it could break the higher resistance and we bitcoin will soon be standing firm in $11,000.

Yes, I was surprised to see the price jumping above five digits again, its this a trap?


With bitcoin touching $10k again (third time is a charm?) and with so many days prior to the end of the month, we might see $11k if we broke the resistance level around $10500-$10800 so let's see.

Last year bitcoin crossed $13,000 and I thought that it was totally going up to $15,000 - $20,000. But it's okay if it stopped there and as long as it has shown that price, there's a hope that it could go better than it was. Maybe for this year or maybe next year.

Halving is one of the factors that's being said by most people that have witnessed bitcoin's great rise during the past 2 halvings. The last one was amazing and it was said that it can perform the same hype but not a bubble anymore because it will gradually rise and will become stronger this time.

It is going to be difficult to reach 20k because it is an enormous psychological barrier, as soon as bitcoin gets close to it like what happened last year people will begin to sell because they are going to afraid the price goes down before or after that level is reached and if enough people do this then the price goes down fulfilling their suspicions, but once that level is broken for good you should prepare yourself because there is no telling how high the price will go but I do not think there is a chance of this happening until 2021 or even 2022.

Last year it was only able to reach $ 13,000 and this year I think it will be more than that, as you mentioned it was $ 15,000 - $ 20,000 it might have happened because there were indeed a number of main factors that were clearly halving the much awaited and also brought an increase for bitcoin in the year this.
I think this year will be better than the year before seeing from the beginning of January the bitcoin market has begun to show its recovery until it penetrated into altcoin also following the obvious growth this increase will continue until halving occurs, but to restore prices to like in 2017 I still haven't can determine it because it will be very difficult in my opinion.

Again I see the people who disscuss about golden cross for bitcoin. Indeed, I'm seeing it in many article a few days ago but it is not suitable with the price movement of bitcoin price right now. The price of bitcoin has been decreasing which I was happy its price has touched $10.000 barrier but it was fall again. I'm hoping there is an expert who really expert to predict bitcoin price movement so we can follow what his prediction, but it is impossible.

It doesn't really require any experts, neither requires any sort of golden cross or any other TA when we are talking about the long term. Simple fact is that there are more and more machines sold for mining every single day, there are more and more machines that plug in and start everyday as well, sometimes there is a generational difference between machines so old ones do not profit and start to close down while the new ones get bigger and bigger in number.

What does this do? Increase the cost of mining 1 bitcoin, well put the halving on top of that, what do we have? An insanely hard bitcoin mining situation. What needs to be done to keep that up? Increase the transaction costs AND the price of bitcoin. It doesn't have to be right after halving but it will eventually happen.

On Sunday into monday open its looking quite bullish by a number of measures.   However I'm looking for some resistance to hold and it to be some kind of fake out, we have a speedbump moving from weekend to week days and it could be volatile as part of that, we'll know better 10 hours or so from now

The bearish season has been over as we started this year with great and impressive market performance. It keeps on rallying until today but somehow dumps could still crashing the market and this why we couldn't see a tremendous increase in price rather than to see a roller coaster alike. And despite of this kind of market flow but people are still positive for the incoming and we can see that more people are coming this time because they could think that this halving will help them to recover their losses as it happens last 2018.

Let's see what would happen, looks like btc beginning to have its pump again and it looks like $10,000 is income already.
We like to see more of this, hopefully it will be able to break its resistance as after the temporary fall, we are here again btc starting an uptrend.

The rate at which bitcoin react to the little pull back that happen about 4 hours ago it is very clear that the bull are in full control and it is little overbought indicator on one hour timeflame that might be clear out today and bitcoin is going to resume it upward movement.

It is Monday and again it is down for ~2.5% right now. But, I agree it is still in bull's control as the supports kept failing to get broken for more than 10 days in multiple attempts; it is really a good symptom for the prices to move upward as long as the support levels keep unbroken.

I am seeing as per my analysis, within next bull rally bitcoin markets will definitely break the strongest physiological resistance levels around $10,500 to $10,800 levels. We may see $11,200 levels before short term bears come into play. I am seeing FOMO among investors due to upcoming halving. So, fastening our belts aright away may help for not missing out any possible yet simple opportunities.

Im afraid Bitcoin price wont be resuming an upward movement anytime soon. It was even struggling to stay at the $10,000 level. Though the price touched the 5 digit figure twice after it fell down again at $9,000 level. Let's see what will be the movement of Bitcoin this week since it was down again by -1.37% from the last 24hrs.
Nevertheless, Bitcoin will going in a bullish direction this year or next year.

Why? is there any bad news coming or occurring? or maybe there's something strange happening? but if you mean the fall from $10,000+ to $9,000 level  well  I think its still normal we are  still on questionable market state but I assume that we can see  something good this  year even the movements keep pulling to the current level. And we shouldn't get panic since the  dump is not big compare on  what happen on year 2018.

Yeah, bulls have been basically holding the whips of the market for a while now, even when the price goes down they do not allow it to go down too much, they allow it to go down until the sales start to slow down and when the pouring new sell orders stop and there is no more bitcoins sold like crazy on the market, they stop the bleeding and they keep it at bay, then they start to bull rush once again and increase it and basically repeat this forever until people who sell bitcoin at anything they do not like will go away and the price goes up.

The only thing that could ever stop bulls right now is a huge whale suddenly dropping thousands of bitcoin all at once in the market, unless something major like that ever happens I do not see bulls going away anytime soon.

I think that is a common thing in crypto, whales who have power to manipulate the market can always do that, and of course we don't hope for that but we should be open for that possibility and we should be prepared as well.

When they drop, that means manipulation and manipulation would only affect the price temporarily so if we hold, we can still enjoy a good price in the long run.

Holding for the long term indeed seems to be an obligation that must be prioritized at this time, because even after prices return again in the range of 9k prices become stagnant and with these events of course it would be better for us to keep holding, because if halving later becomes a strong push to the market is bullish so it looks like a bigger recovery won't happen anytime soon and I'm not sure there will be strong resistance until the end of the first quarter and early next quarter later.

Hopefully there's none so we will see a good price going to the halving, maybe one month before we can expect some good rise but thus far what we are holding now is already at a good price, we should stay here if there's no pump going to happen yet.

Bull never went anyway tho? All these people who think just because we dropped a bit that means the bull ended or somehow even bear started (?!) are just trying to convince themselves about it, all the stats, all the community emotions, everything shows towards even a bigger bull run. The halving is just around the corner and I am sorry but nobody would be willing to sell their coins just as it is getting more valuable.

Inflation is dropping, the scarcity is increasing, miners are pushing, why would anyone sell at that moment? Price could go down of course when someone sells because of an important reason but you should look at what the general market is doing and not one time movements, one big whale maybe sold a lot to drop the price and accumulates lower? Who knows.

As we see that good price begun to influence a good market effect, I think this is a good factor to attract good demands to dominate soon. One month is just a short period timeline, maybe two to three can be an enough to meet those expectations. Halving needs maturity, so let's expect fairly to avoid falling on wrong decisions.

Todays low is the 50 day average which was quite a big positive to pass, a larger area is about 8500 which also contains 200 day average.   There is some recovery just now above the 50 day but I think we do get to the 200 day, quite surprised to see the 200 day is turning down again showing we have more time before price becomes more certain of direction.
   So 9600 is two day average and 9700 is weekly, thats the mark to recover above, confirm in order to say we are positive once again.   Otherwise I think we are capped or limited to the upside somewhat.    In brief we have lost the uptrend, this is the time to be more cautious as to direction at least in short term reckoning.

You are right but at the same time we must remember that large mining operations can keep running for longer than the smaller mining operations so even if it may seem counterintuitive some of those large miners are fine with letting bitcoin go below their mining costs so they can put their competitors out of business, in the world of business this is not really a new tactic and we can find many examples of this through history, however that should only affect the price of bitcoin during the short term and it should continue its upward trajectory during the long term.

Are we only have halving event to believe that bitcoin price will meet a bull run time?

I hope there will be many factor which can make bitcoin price up and up. Especially the adoption form many countries, seem like it maybe important instead of bitcoin halving. Let say bitcoin halving has been passed, then what the first factor many people there get interest to bitcoin? It is because halving event? Do they know about halving event?

So thats the larger area that forms the recent low and highs today are the two day moving average.   I'm not confident of a recovery until it gets above that short term measure, from a daily view we are still around the 200 day average with 50 overhead now.   I dont note the golden cross really but thats null now I think.

https://talkimg.com/images/2023/06/12/A9tk1.png

The price of bitcoin has been unstable so far, and it leaves us to study the charts more as a trader, except long term holders of bitcoin who wouldn't worry.

Bitcoin crossed 10,000$, before its volatility and low price of late.
Perhaps the demand for bitcoin during the second halving, is capable of driving another massive bull run

There's no halving yet, we will definitely see if the the halving this year would result to something we are expecting.
I don't believe that the hype is already over, I believe the price movement now is just inviting those who haven't bought yet and they should if they want to ride with the good pump nearing the halving,.. by march, maybe we will see another big pump again like what we have witnessed in the first month.