Bitcoin Forum

Hey everyone! just trying to gather some sentiment what do people think are we at the end of the bullrun here or is it possible for a double top (similar to 2013)?

What does everyone think?

It could go either way, and your guess is just as good as ours.

Markets in general are pretty hard to predict accurately, hence why it's always recommended for you to be in a position where you could take advantage of the market movement regardless if it goes up or down. (e.g. have money invested, but always have extra money to buy drops/dips)

Maybe not yet. Not an expert with the charts but in experience, this should be the end of the bull run and then most of the alts would drop a lot following bitcoin.

But bitcoin being stable at the support of $32k and under $40k, I think of it as a not bearish price if it remains to stay there for many weeks or up more months but that's unlikely. We have to wait until it moves again upwards or downwards and would likely be under $30k-$20k again and that can be a conclusion that bull run is finally done.

It can. But i bet we'll have next big bull run in the next year. Anyway there's no need to sell your crypto.

bullrun looks like it's over. It can be seen from the price of bitcoin and altcoin which has decreased in price very much. I lost a lot, but I believe there will be another bullrun in the next year or in a few years.

Double top is difficult, but let's see... I think bull run is over.

So far, we are still careful and not careless in analyzing market conditions, which are showing a red line every day. so we need to do some research from experts regarding the current stability of the market. everyone is still in a traumatic state, maybe most of us are left behind at a pretty high price. we need actual references to continue to monitor how the market is going in the future.

This time too hard to predict accurately. Many people are thinking that the Bullrun period has ended, we are entering Bear market. Everything is not clear, let's keep track of Bitcoin in the coming days to know Bullrun is over or not?

If you think bull run was done and exited the market, you can enjoy life.

If you are waiting to buy your first bitcoin, it is best time to buy, with Spot trading.
If you are senior bitcoin investor, and believe in the fractal of 2013 bull run, double tops, you can accumulate more and hold your bitcoin for the second top.

I believe bitcoin will rally and accumulate before it gets a new all time high. When all FUD goes away, you will see the rally.

If we see double top like 2013 then this bull run is not over yet.

Problem though with double top, it is hard to recognised it early, and what is the support price before we can call it a double top? So we still need to be careful though, the trend might reverse, so it's hard to say if the bull run is over, or if we are going to have a new pattern and be bullish again.

For now, short term, yes.

Good thing is the market don't necessarily do what people think, which means it can go either way, end of bull or double top who knows,  it seems we are all in a confused state, within a very shot time, the bear already eaten dip into the market,  between whales are probably accumulating.

I didn't know about the double-top in 2013 I didn't experience it like I still didn't know it.

We've been enjoying the Bullrun all this time and now that the market has changed significantly don't even know the monthly wait for a fall like this, I am very sad to see the portfolio I have kept so far and one that is holding tight for a long time.

I will not be careless. This is still a strong sentiment and not a correction anymore. It could be worse towards 20k .. Ohh no

Unfortunately, I'd enter the crypto market in late 2017 and it might I don't understand technically what is double top in 2013.

But based on this thread, the historical correction of Bitcoin since day one was we're only at 51% based on the chart.

But yet, we can't predict the market price accurately so we're all here having an assumption that it will resist right after this correction, it seems there's an opposite reaction or a V shape on the market price.  Who knows, if you still have faith, just keep holding if you didn't see your profit yet.

Most likely if we close today below 21 Weekly moving EMA, it might be end of bull run for some months. We never go below 21 W-EMA in entire 2017 bull market. Anyways this time is different and hence there is possible chance we recover very quickly.  :)

In my case, I don't think it is over. I think we are just watching the same old story again. As soon as the panic passes, the price will go through the roof, and we will at least pass the $100K mark this year. There is no offer left. Scary sellers have sold almost everything. The underlying demand is there, as soon as the price stabilises or a clear rebound is seen, the FOMO will start.

we will see a double top just like 2017, 2013 and 2010. the trend will continue. but for now the rises are over and we will see this drop stay, since the $30k seems to be holding well this may be the end of the drops too but you will never know when it comes to weak hands.

the target for this year is still over $400k.

If you haven't doubled your btc collection on the way down then you are lost.

Personally, it's still going down.

Somehow I don't think that bull run is over. Thing is, people are so scared now and majority think that we are entering into bear market now, and those who are controlling the market want exactly that, people selling their BTC in panic, so they can buy with a nice discount.

So yeah, I think that we have at least few more months left, but it will take some time before we reach those previous levels over 60k. In the meantime, best you can do is to focus on getting more BTC!

It's actually hard to proclaim that the bull run has already ended. The market is indeed hard to understand at the moment because the price movement of bitcoin is very confusing. Nevertheless, we should not expect much from bitcoin right now but that doesn't mean we'll lose hope that things may turn around all of a sudden. Who knows what might eventually happen, as usual the market is very hard to predict but I think you would win more if you will be holding your bitcoin still or you can just try buying whenever the price is falling down.

Nope, the market isn't done yet with the bull run. What we see now is a correction occasioned by the FUD from Elon Musk and China. Even without the FUD, the correction would still have come. Well, may be not as heavy as it's with the FUD anyway. Nevertheless, I for one, believe that 2021 is a thorough bull year. The market will bounce back soonest despite the knocks it's getting at the moment. If this correction had happened in November or December of this year, may be I would've drawn conclusion that the bull run had come to an end. But this is far from it as we are still in May. Panic sellers will regret their actions. The diamond hands will be the happier for this dip as it affords them the opportunity to accumulate more.

There have been big dips in bull markets. Institution are all still buying, Elon is keeping all of his, micro strategy is adding.

Just because China had a big shake up due to regulatory laws that came about last week. Doesn't mean the rest of the world is getting out. Me personally I am glad the miners in China are getting regulated. The helps it stay more decentralized.

If i am able to read the minds of institutional fund managers i would be having an idea about how the market is going to perform. When the price reached its old all time high valuation these fund houses started investing heavily and whenever there was a minor correction they purchased every coin that was available thereby driving the price higher and it all depends upon whether they will be investing again or will they be booking their profit.
Once we have that clarity we will understand about the direction and then we can take our positions on how the  market would perform in the next two months.

Bitcoin was and will always be the first cryptocurrency. It is the best store of value, despite thousands of other cryptos. Bitcoin's price will rise as long as there is a demand for it, and I believe that will continue for at least the next century. Also, Lightning Network will improve bitcoin's transaction speed and cost. When the price of Bitcoin reaches one million dollars, there will be no doubt ever again.
These are just small obstacles along the way that cannot stop us from reaching that goal.

It would be weird if it was over now and ton of people would need to figure out new cycles and draw new charts. But bitcoin never cares what people think. It does what it does and when we are not in control of the markets, all we can do is watch. Still... I don't think it's over. In fact far from over. It takes longer and harder drops then this to scare out old crypto players. Some fundamentals are better then ever,

Imho, manipulators are just making this look like a wall street cheat sheet. On altcoins side it's even more scary.

I have read, reviewed and listened to a lot of opinions in the last week - strange but most of these experts and traders agree that this is not the end, but just a correction before a new leap up. However, I cannot be so optimistic about the rate of decline of the entire market this week in general and today in particular. In my opinion, this is just very similar to a sharp change in the course towards panic sales and the beginning of a long or fast bear market with a fall to an unknown "bottom".

I think bitcoin price is stabilizing around 32k at the moment but will dip into the 20s by tomorrow, then shoot back up again to recover to 30s and maybe 40s, but that may take a few days or weeks. And then the 2021 bull run will start again. You have to be patient. You can't expect such a massive drop to recover overnight.

It is hard to think that it is over because there are so many institutions and big companies that are already into this market. I also think that it is just a correction as we have seen the increase for months, and it is time for the market to correct. I believe, the market will bounce in a week or two. But still, it is hard to say. What we can do, is just wait and see, and act accordingly. Minimize losses and review the coins in our portfolio.

That's right because the market price is unpredictable and I guess that, every now and then it will fluctuate the bitcoin price either it will up or down, no one really knows. However, this was already expected that there's a market correction right after the continued pump last week.

As far as I know, this major drop was because the people were affected by the FUD and always afraid of losing their money because they are looking to it in a short period of time, not for a long-term investment.

Probably done and probably not, it's difficult to predict the market and we never really know what could happen in just a short amount of time this investment could change easily.

But what's sure here is the bear market will come for sure and the market really needs to circulate, I mean you could never go wrong if you think bitcoin is trash as an investment.

There are also so many a lot of opinion about it, but mostly it doesn't matter if you do have your investment you could always hold, the problem most of the time is these days were already use to pumping only and not to dumping we think that when a cryptocurrency dump it is trash already.

No one can predict the market, i saw a huge dropping of the bitcoin price but it does not mean that bull run is now end who knows in the next few days it will rise again, the only way o avoid loss now is to stay calm and think positive year 2021 is not end yet and all we saw now is only prediction and speculation that means everything will posibly change from dump to pump or from pump to dump whatever it is panic sellers always loss.

Today's market is very hard to predict and analyze. Whether many predictions still speculate that this time is the time of the altcoin party, but it is going the opposite. The Bitcoin price crashes so deeply and altcoins also followed the BTC, worse dropping.
However, there are still some hopes that the market will go up again at least in months later. I personally still believe that there will be still another bullish time in this year if compared with the previous bullish period in 2017. At least, at the Q4. Maybe.

Yes. The bullrun is over, there won't be another bullrun and there will never be another ATH.


No

There was no double top in 2013, it peaked at $250 and then crashed to below $100 and then it rallied like crazy to like $1100 before again crashing down to like $200. It wasn't a double top. But it was more of like an extended bull market which started at like $50 and allied to $250, big pullback and then all the way to $1100.

If it possible? Sure but who knows. Right now there are way too many people hurting and those that bought at $50K will most likely want to get out with the least amount of damage if they weren't liquidated already. So maybe if it closes above $50K and stays above that figure for a few weeks then we might see a new ATH. However there is too much FUD at the moment to say we will get another ATH.

I think yes, but if wrong then i will be happy then. Who not happy if bull run still happen and people who bought at high price can get their profit back. I don't have analysis but something like this usually used by that "big people" to buy bitcoin in cheaper price then pump it again with their way.

Oh damn, look at Mr. Bitcoin Nostradamus right here.

Very low volume for a top. Also, not pointy. That said, honey badger always does what it wants ¯\_(ツ)_/¯

Btc price is still 37k$ I don't think that this is the end of the bull run since 37k$ is still high price and anytime the price may rise up bigger than the present price, So I think it is too early to say that this is the end of the bull run, if the price will go down to 10k$ maybe that is the time that I will say bull run is done.

I am not thinking about the bull run because the bull run can back after this downtrend. I am sure the crypto market will increase again, and no need to worry and while we are waiting for the next bull run that might comes, we can buy back more, not just to buy bitcoin but we can buy back altcoin as we can see that the altcoin price is down deep. It might be a good chance to buy more, but that will depend on your strategy and, of course, your money. You do not have to do anything instead, just waiting for the uptrend.

I don't think bull run is over. Institutions are still not selling and just continue to accumulate. If you are here in crypto since 2017, the crash few days ago won't easily affect you. This is even a good opportunity to buy because many altcoins went down more than 50% so gaining large profit from those will be very achievable. It is Monday now and market seems started to show some recovery. We are not even in the last quarter of the year yet so there is still so much to happen.

there is still a lot of panic in the market and the dump that nobody expected has lever everyone with a big wound that will take time to heal. which is why they are all hesitant to buy back in.
meanwhile the whales are accumulating evident by the price slowly rising and the big buy volume that exists.

Well, until today this question is just answerable by slightly YES and slightly NO...Actually, the market price still high but not at its peak like what we saw in the previous months. It is likely we are heading to the bear season but if we could see how the market pushing upward, it found to be sustaining. I mean, the prices still bouncing back high after a short dump. So far, we have never been touched to $30k (if I'm right), this simply means that we are in the middle between the bear season and the bullish season. Quite amazing, though.