Bitcoin Forum

Just of yesterday I have seen a strong move of the ethereum gaining about 10 percent from the previous price and I was triggered to know if the bull about to kick off.
What do you smells from it?

Just a normal pump that we see in the market, there's nothing special from it and that usually gets into Ethereum when bitcoin pumps. Just as Eth, the whole market goes on a pump thanks to bitcoin.
I smell more of the next scene of it which is likely the correction of it every time we see a pump like this for both ethereum and bitcoin. So, that's how it will usually go so, don't expect a lot.

yes, not only ethereum is bullish but the whole market is in the green and bitcoin is always the starter for everything. but i suspect this is a sign of bulls, it is just a slight rally during the bear season that we usually see. the world economy is still very unstable so no bulls will come, be careful from now on as there will most likely be dumping right after the rally. the market always knows how to let us down when we have high hopes so don't expect too much.

10% price change and it's only happen for one day is really normal lol, it doesn't have any sign of bullrun or bear market. If you think 10% change on cryptocurrency is really amazing, you should look on past few years chart where Bitcoin price increase for 30% at single day which is a sign of bull market. Also the reason why Ethereum price increase is because Bitcoin price is increase earlier, it's not because of altcoins market.

I don't smell anything, almost all of the crypto, including bitcoin is still like -70%++, so that is not a bull run. If though the market will have a run up to at least $50k this year, then maybe we can call ourselves in the middle of the bull run. Or as others pointed out, the cycle has change and that the 4 year old cycle will no longer holds true as the crypto narrative has change.

So don't celebrate yet, we will have to wait will be up to us till this year. In any case, it's good to see the prices going up on some major altcoins like Ethereum. Bitcoin getting back to once it's support price at $20k.

It is also possible that the Ethereum market is affected by the recent Bitcoin uptrend.  We all know that whenever Bitcoin goes up, many altcoins are affected and also go up.  Aside from that the huge 10% is also pushed by the coordinated pump since the market goes up naturally due to Bitcoin influence, ETH pumper use this initiative to push the ETH price further ahead.  The only good news I read about ETH is the announcement of Bitpay to use ETH and USDC on the Polygon network.[1]

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[1] https://cointelegraph.com/news/bitpay-to-introduce-usdc-and-eth-payments-on-polygon-network

This kind of scenario can always happen because of the nature of the crypto market and yes! It could be a sign for the upcoming bull runs that's why if you are a risk taker and want to multiply your earnings by 10x it's better to look for some potential altcoins to invest your money with. but this alone is hard to find and even rare nowadays. But when you have the necessary info to search for it, it is recommended for you to do so. Just don't get blinded by the hype and make yourself blindly follow anyone on investing random coins.

Currently it is too early to say something like that, the "pump" has been good and special. If this will now go on for 2 weeks and we see prices of 28,000$ and more, then we can scream a little louder Bullrun, i think not yet. There are since two days more positve News about Bitcoin, one looks on twitter and binance, a cooperation could arise here. Binance is interested buying a share of twitter.

We never know when the next hike will start. Bulls seem to be slowly picking up. the price may drop from time to time, but if there is any indication, the price will recover and if we feel we can handle the ups and downs of cryptocurrency investment, do so.

Be sure to use a wallet with good security features, and a method to convert your assets in case of an emergency.

It’s a short term pump most likely, and expect to correct a bit. There is not much trending news lately about Bitcoin, Ethereum, etc., so we just don’t know the factors behind the short term increase.

I hold both BTC and ETH and continuing to do DCA with my extra money that I have per month. Most likely the next big bullish news that we expect is the much-anticipated 2024 BTC halving (unless there’s someone out there who would successfully hype the entire market like Elon Musk did last year).

Don't overreact to such things. It may just be the volatility of any cryptocurrency that are not stablecoins. Don't get me wrong, I also want to see a bullish trend before the year end but there's just no reason behind why or how it can create one.
Maybe if we start smelling good news about how the economy is getting better then that's a good sign a bull can happen.
But right now, I doubt that. Necessity prices are not changing much and in fact they are more expensive, then there's the oil/gas problem.

Nah, this is just a regular bounce or recovery, we have been trading sideways for the last four months and this could be the break out run that we are talking about in the bear market. So a good 10% could be just a normal pump right now.

Ethereum need to get to at least $1,800-$2,000 and Bitcoin should be around $22k-$25k, that could be an ideal pump but this is not a bull run.

And perhaps the increase is due to several good news in the last 24 hours pumping the marketcap to get back to $1 Trillion again.

We will see if this is really a sign of the bulls but I don't think that it is. We're still far from the bull run and these pumps usually come into the market so, there's nothing new that we must think it's the actual bull run.
No, it's not yet the bull run IMO. Just don't be too gullible on the market because sometimes, you'll be trapped with what it does so be aware of it.

We cannot assume that, it will take few weeks to begin to distinguish if the market is on the bullish trend, but today, let's enjoy the pump and be aware because any of this moment, it could jump down low but it could climb higher than 20k usd.  

Although was bit worried thinking was left behind since i m still following my portfolio, i was expecting to buy around December this year maybe before the next bitcoin halving which might likely give a strong bull to the rest of altcoin since bitcoin is the mover.
But any other good guideline will be appreciated to help add to my portfolio.
 

To be honest i don't see any sign of a real bull market coming at the moment. Yes of course that price pump of almost all cryptocurrencies that happened yesterday was pretty surprising to me as it came completely out of nowhere and with around 10% increase in price it was also a pretty big pump in my opinion. That being said we had this kind of breakouts a few times now already in the last few months and after that the prices always slowly but surely went down again to the level before that pump or even below that. So as long as we stay below the 1600$ mark per ETH i still think that this was just a small pump that will fade away soon again.

If you smell it, go with it but come with caution because smells are often deceiving.

If this pump sustains, we might be having a bull run on ethereum. But at this point it is difficult to say what will happen in the future. If you have bought at lower price, keep calm and hold for a few more days unless you are looking for a quick flip. If you have not bought yet, you missed the opportunity and hence just hold the fiat/btc till the price drops again.

That is as far as you need to do, let the market unfold on its own, bull or bear will reveal on its own - keep watching and waiting. Patience over the market's short term movements will give you good results instead of impulsively acting on them.

Today we see that the price of ethereum has increased by more than 21 percent over the past week. Prices for other cryptocurrencies are also rising. Bitcoin rose by 8 percent and crossed the rate of $20,000. Of course, these are good trends. But it is still very early to say that the bullish period is returning in the cryptocurrency market. Cryptocurrency is very volatile and can make such jumps and falls in prices, but in the end, without changing the general background that has developed on the market so far. Therefore, we will more closely monitor the market. In general, the end of October and beyond the period until the end of the year traditionally had a good impact on the price of the cryptocurrency. So anything is possible. Analysts admit the possibility of a good price growth in the cryptocurrency market in the near future.

too soon to say it's already bull. we know all crypto meccas are bitcoin. If bitcoin's dominance rises high or falls the bull spurs for altcoin it is still said not to be. Bitcoin is holding on to its best position in its dominance but ethereum dominance is rising, this can be said to be bull but the data has not shown there.

I only see the potential profit I can get from the increased price of ethereum, but that is not enough to get even higher increases. Other than that, it's just a good start for ethereum, as it can improve once the merge is implemented. And in the future, I think the price can increase higher than now, especially if the price of bitcoin can also experience a drastic increase. And if you want to make a profit, you can sell some ethereum and enjoy the profit because right now, maybe the correction will come for a while. So be wise in dealing with it.

Just a dead cat bounce in my opinion. Sadly we are still in a bear market & will be for the next 6-9 months if past performances are close to replicated. I still advise DCA purchases throughout this time though, we never know when the bottom is in. We are definitely not in a bull market yet, not until after the next halving.

This is a common story, when the price of bitcoin increases in price by 10-15%, everyone around begins to dream that an uptrend has finally begun and soon the price of BTC will reach 100 thousand dollars. But in the following days, we observe that the BTC price returns to the previous price level, and the mood of the community changes to the opposite.

Just saw a similar thread on the btc discussion board, I think those asking this question are still new in crypto, this recent price up is not enough to expect a bull. The alts market is following the footstep of btc, but there is no indication of a bull run yet. OP you have to check back around 2024, right now, smart investors are accumulating whatever they can till after halving.

Bitcoin is also pumping a bit.
I will not call it a bull yet. It could just be correcting the market from the bear that happened which is a lot.
Even if Ethereum is going up, there is no assurance that other altcoins will go the same way. It's not like the same market pump whenever Bitcoin goes up.
It can pull other coins but I doubt Ethereum can do the same thing.
All look green today which is a good start.

I think the true BULL market will come not earlier than 2024... What we see now is just regular BTC pump (and I enjoy it!). Bitcoin getting stronger, again. Let's wait and watch  ::)

It's not that easy to conclude just by looking at the market movement starting to climb. As we know that the movement of altcoins is influenced by the movement of the bitcoin price which also increases. I think that no one will be able to predict when the bull market will start, because lately the market is also moving unstable. Today it can go up a few percent and the next day the market goes down again.

Not because most coins turned green, we can safely conclude that the bull run now started. That was just a normal day in the market and it happened many times already since the bear trend started. It's fairly normal to see such movement even amid a bear market.

That might be a good start though to start hoping a continous increase in the value of our respective portfolio.

However, please limit your expectations to avoid frustration.

the price increase of the past few days is not the beginning of the bulls coming but just a normal pump when the price of bitcoin rises and several other coins will follow, including ethereum.
very unlikely in one period to experience bullish twice it is very difficult to happen.
when the price increases like this it is necessary to correct before buying because sometimes it is only temporary or will only be sideway

Well I can deny that we saw some sort of improvement in the market and even bitcoin passed its long term hindrance and got $20,000 and some Altcoins wasn't also left out of this. But I choose not to be too excited about it, because it wasn't like a rally so I don't think the bull run is active.

In my own assumption or thoughts I think the worst might me over and the scare of the bear market getting worse is over, it may not be so soon but if the price stability is maintained we may see the bull run soon.

As long as you do the purchase before the bitcoin halving, I think that you're good and it's a decent entry for most projects as long as you've done your research.
Not everything that goes with the bitcoin halving is going up. Most projects do increase but you will have no idea if the choice you've made is going to be part of it.

There is no bull market starting, you have been here for long enough to know that a pump of 10% in a single day means nothing in this market, now if we were talking about the stock market you may have a point as that would be a massive bullish sign, but this is not the stock market, so what does this current movement means? Not much, such a move was long overdue as we have been below 20k for a very long time and this is an attempt by the bulls the break the stalemate.

Not yet, we are probably still in accumulation phase. It will probably take months or even a couple of years.

Do not be easily carried way, In normal markets such mini pumps and dumps happen. Beware of Bull traps or you may end up being part of the prey that has been trapped. Remember, right now we are in a very tough economic situation.

This is what newbies misconception about the market since they always think the little recovery to be a bull run and its so dangerous to think that way since they might lose a money for that. Maybe as you said they need to think the tough economic state of the world since for sure this will affect the investments of the people so provably we cannot see any surprising change for that reasons at the moment.

This is not a bull trend yet but a good sign of recovery, we can only confirm this if the whole market able to break the resistance level and continue it’s momentum. Let’s not get hyped by this current movement, this might be a bull trap as well so be careful and buy only when you think the price is good. Many hope that this is a bull trend, and see if there’s a confirmation for this possible trend.

The current movement chart is unpredictable although it signals for a recovery market as the bear market has been around for a long time, but we need to analyze the market in realtime to determine the real market direction and I am worried in case of another market crash

It happens from time to time. Nothing new. Quite normal. I think a few weeks ago, the same thing happened. Bitcoin went above $20,000 but that was for only a while a day or two and then the market tanked once again. No one can predict if it is the bull market or no. The price might keep on going up or it might crash again in few days and this is what is happening right now I guess. The price of bitcoin already went down to almost $20,000 from almost $21,000.

I remember those newbies before that when the BTC price rose up a bit, it's now the start of the bull run, and will now expect moon price.

OP, to tell if bull run got started needs lots of considerations. It should be a huge increase regardless if it happened overnight or not.

Don't worry once bull got started, you will see lots of threads about it.

A short pump in the market doesn't mean that a bull market will be started. Stay calm and manage yourself to know the exact market condition will to be. We don't know what may happen after that. There are probabilities of a bull trap and then continuing with market correction again. Being calmer in every market condition is a wise decision. If we see a short pump or increased market, we can utilize it, but never think shortly that the bull market is started, because we may be trapped with the thought or opinion and we may fall becuse of this.

Unfortunately bear market is not over yet. The increase is just a minor recovery and in fact already followed by correction (if you check the current price now).

If the bull starts to take over you'll notice the consistent price increase without correction happening. Traders and investors are lively again together with positive news about crypto with newbies joining the ride and engaging themselves. So for now what you can do is buy cheaper coins, hold and forget for a while the market to not be tempted to sell.

It does seem like you are only looking at the Ethereum price from a small time scale. If you look at the daily price chat for Ethereum price, you would realize that this small pump was since Friday 21, Oct about 7 days ago with like 27% pump but we are actually going down since yesterday 27 Oct.
https://i.imgur.com/bOjeheh.jpg
and this is normal even in a bear market if you zoom out you would notice that a similar incident has happened since the beginning of this downtrend.  

I think that we are still in a bear market phase, and little by little the market can recover soon.
Didn't expect that the BTC will go pump up hitting $21k but my speculation is that it will go reach below $20k and then go pump again.

Everyone are expecting bull Run, any small move of Bitcoin that created a lot of noise in the cryptocurrency market, which is just a sign of improvement time coming, currently market is fluctuating for candles stake correct. Just a matter of time, Bull Run we start as well all expecting.

just like the others, I have no feeling for this will be an indication of a possible Bull market, it wasn't the time yet. Because as we all know, the bull season will seem to start after halving and we're not done yet. With such a few pumps we've been seeing this time as just a short pump, not related to a bull market, in fact, if we are to imagine it was too far from it.
I don't want to disappoint people thinking about it but it was more disappointing to expect a thing that is not true.

This recovery can be considered a bull trap too.  Faking the market to be bullish then a sudden dump might happen.  As we see the price recovery become stagnant and we see some corrections making the market price to downtrend a bit.


True, it is early to get hyped. we need a lot of good news and lots of new institutions adopting cryptocurrency but it isn't that many yet.  So I also think that the current price surge is somehow a bull trap.



We all think that the bull trend will come sooner or later but at this point, the transition isn't happening yet, we might see another month of boring sideway.

Hoping for the best is normal, each of us would like the market to start rising now, but if we look at previous cycles, we will see that bear markets last much longer. Accumulation periods must be long, because it is difficult to buy a large quantity of coins in one transaction and not make the market react to it, so this is a long process. I've said it before, but I'll say it again, it's also good for us who invest in bitcoin, because we will have more time to buy at a low price.

Right. Some external events have a big influence on price developments. But if we look at what is happening at the moment, the price is going very positively, although it is not increasing as fast, but this is a very good thing.  At least we all still have hope that things will get better

Of course, everyone who invests in bitcoin really expects a bull run because, at that time, we can get back to getting huge profits like before.
But unfortunately, we will never know when the bull run will come back and we can only guess and get ready.
The current state where the bitcoin price can return to $20k gives us hope that a bull run is coming soon, although it is still a mystery.
And at least we can still buy bitcoins and keep them until the bull run returns.

-  You know in truth, the movement you saw in Ethereum was just following the movement of bitcoin, that's what was observed. That's why some in the crypto industry say that Ethereum has always been behind bitcoin. In short, when there is a normal pumping in the price of bitcoin, expect Ethereum to follow suit, and when the value of bitcoin falls gradually, expect the same to happen to Ethereum.

So what you saw yesterday movement is just a common movement here in the world of crypto trading dude. We are still far from the bull run that many here in this field are expecting.

There's nothing special in this kind of pump, the market is just fluctuating and faking the market. The bull season is not even close yet, keep filling your altcoins bag tho

I do agree that bull wouldn't be this small, when the bull starts it is going to be something huge and we wouldn't be asking if it has already started or not, we are going to know about it. I personally think that the best thing to do about bitcoin right now would be waiting without getting excited about the smallest of moves. If you see it go to 21k or something like that, do not get yourself ready for anything.

Just be capable of understanding that it is going to be something profitable for you, and you have to wait a lot longer. Obviously if it becomes 30k+ in a week then you can get excited, but even then you should wait for it to grow even further with time.

I think if bitcoin goes back to the big price of 28,000$ there will be a temporary dump of this big whale. but subsequently more than 28k can happen. maybe this will happen in november, will experience a green market and investors will be happy, i hope this is not a trick by big rich people taking a chance, there is still time to enter the market before it is significant

It might not be soon as most are expecting, that is why with every little correction upward of the Bitcoin price most people will think that the market is going into a Bull season. We could see the market trading between the last low of $17k to $21k, which could be the range for some time or could even drop below. Just understand that the market will indeed reverse, but I don't think that will be soon.

I wrote "go on for 2 weeks", not this month. The price +40% to now, that is before the $30k. If that happen, then you could say a little louder: its a bullrun. I wouldn't say with these prices that we are back in a bullrun. If you see rising prices and big news over many weeks, with great  acceptance should increase. Then a new trend and the chances be good for a bullrun.

Not sure, maybe it's quite high for November to reach that price. Yes, October is ending, could be in positive note, but isn't it this is the price like 4 months ago? $20k'ish? so we are just back from where we have been in the previous months. So for me, there is no bull run yet, even if we reach $28k. This is still a bearish cycle to me so the price could still nosedive next. So it's better not to put too much expectation at this so called rally.

Naturally market might regain a bit without waiting till the next bitcoin halving, you know how whales manipulates the market and control the prices. So I don't get surprised if any changes occurs so suddenly within just few days, it was at 18k then to $19k finally enters +$20k if not carefully analyzed one might thought is already bull.

Try to refer to the bitcoin price way back in July this year and sees the progress up to this date. It seems the bull price is showing some signs there when the price hits $24,000 last August from $18,000 in July. But from there til now, we can conclude that the price is swinging from $18,000-$21,000. No bullish trend, no bearish trend but just a usual market behavior.

Just take things easy and play it slowly but surely.

I agree, the current crypto market hype is just a relief rally, a recovery or a bull trap.  It is already known that Bull market often happen near Bitcoin halving because of a huge hype of the idea of Bitcoin getting rarer and more scarce. So, we should hold our horses and don't get over excited over this market price recovery.


True, ETH market price surge is influenced by Bitcoin uptrend.  There isn't any good news about ETH market development to trigger the ETH bull run, is there?  

it will be bullish if bitcoin actually surpass the current value that is going beyond $25K since nowadays it seems bitcoin is just stuck around $20k and just keeps having fluctuation in that value mark.
if BTC could ever make some breakthrough and this breakthrough is rather sustaining for quite few weeks and then still go beyond then I could assume that's going to be bullrun, otherwise if the value increase was just temporary it most likely just gonna become fake bullrun that's eventually gonna lose its value again. moreover I think the bullrun isn't going to come until the current economic crisis is settled honestly.

False flag.  The new year I expect to bring some pain.  Just some pumps pre end of year here I think.  I don't think we see a bull until sometime after the next bitcoin halving.  I hope I'm wrong but a couple good days doesn't do it for me.  I need to see more.

The same as before, when the market shows some lengthy green bars, the most impression would be, the bull run would now be started.

As much as I want a bull run to happen we should have already learned our lesson that a bull run is not really healthy at some point. That BTC price from around $60,000 down to $18,000 within just a few years is something that we don't want to see again.

I'd rather want to see a slow movement going upward rather than a quick leap.

what is impossible for that increase to 28,000$ could happen in the crypto world though that is not certain. look at altcoins now they are in the green fertile period in the market, if you see the movement of bitcoin's rally the past few months there has been no big sign for 4 months until now, I hope november is a sunny day for atcoins

Varied predictions have come out regarding the price push that happened with ethereum, followed by majority of the altcoins. I don't see the rise in the price out of bullish move. For now it is well connected with the regular price pumping which could move forward to certain extent and drops downwards.

Whenever there is push in the market we can see investors putting their money on it. In these kind of price increase we can't see a huge investment incoming. Once after growth there'll be some correction in the market and majority will be waiting to take an entry through it.

Indeed, the Bullish era commonly will happen after the halving happens. And halving is still not happening this may be in 2024.
Well, many people are expecting a bull market. But this is the process that we must pass through. Today, we are seeing that Doge is pumping very highly, it is more than 117% this day, it's really incredible. more cryptocurrencies are also increasing right now, the market is very pumped this time, moreover, if we see the increase in Bitcoin and Ethereum, this is a really great positive trend. But, be careful with this situation, never ignore the bull trap. We must still keep calm and smart to utilize every chance to make it. We must be also ready for the next probability of a market correction.

honestly bullrun is still so far in the future, maybe we gonna see other bullrun in 2024 once the economic is getting better, right now even there are many things that could hold bullrun from coming, one of them being the energy and economic crisis, at the moment like these most gonna prioritize their basic needs first and put aside some other investments instruments like btc and stocks, eventually once that's settled and the world becomes normal again, I think eventually we gonna see some investments regaining their value again.

Bull run not yet started it's just a market correction possibly to be bear but 10% can't really summarized to be started soon. We might expect it from late next year within or after the bitcoin halving which might also propel other altcoin to surge massively.
You still have good chance of getting some legitimate currencies that could be very interesting to hold till the end of bull run.

For that problem, it's very difficult to guess, but in my opinion it's just an ordinary pump, but there could be a fairly high bull market. because I heard people say that at the end of the year there will be an increase, but that's just speculation. because for market movements it is very difficult to predict.

Hi. I'm seeing the market take a lot of risk in this bull run. Hope you can keep your profits. Many analysts are also sensing a new record drop ahead.
But enjoy the current price increases & bring profits to your wallet!
Congratulation.

People are too fixated on the daily and whenever it goes down they think it will stay down. I am not really in love with that idea, if you ask me I think weekly shows that it is doing much better, 8%+ higher and that's good. I wish it did a bit better, like maybe 22k would be awesome, because if we could have finished there, it would give us something much better.

I believe that we will definitely do something that would be great if we could just push it beyond 22-23k levels all over again, that would be awesome. I know that it is not going to be that easy, but I know that it is going to be the key to our bull run start because without that small one first, then it would be hard.

bullrun will come once bitcoin actually surpassed the mark of $30K since right now it seems bitcoin is just staying around $20K, i would never think bitcoin and cryptocurrencies in general is having bullrun if btc is still like this.
moreover, even though there are some coins actually having increase in term of value, it is very few coins and could be only temporary, I think if there is any bullrun surely it would arrive around the end of 2023, it seems that's the right moment in term of bullrun occurred and the economy might be just getting better than it is right now.

The problem is that traders try to use a daily trend to predict long term trends, it is obvious that I like what I have seen the price of bitcoin doing during the last days, but this is nowhere near enough to somehow predict that from now own we are going to see a bull market during the next months, we see movements like this all the time in this market which mean absolutely nothing, so chances are that this is just one of those instances and the price could go down once again during the next days or weeks.

No one can say for sure when the bull run will start but if you look at the serials of the last few years then hopefully we will see a bull market next year so the best thing we can do now is to hold all your Alt coins that are invested. Because they will give you a lot of profit in the wrong season.

If there are no dumps after hitting $28k then we can say that it wasn't a trick or a trap by the whales but we can also be wrong with it because what if they have a higher target? Well if we don't want that to happen then we better sell first but if we are serious about going for longer terms then we can accept any movements that can happen.

It's only temporary anyway but sooner or later the price will always recover and continue it's unfinished business but did I heard it correct? As @MinoRaiola said, binance will buy Elon? LoL, I think that's not possible. I know binance is rich but I believe elon is more richer than them. Elon can solo flight and still be profitable on his own.

I also had to laugh when I saw what I wrote. First I misspelled binance and then Elon Musk, I should have written twitter. It is now Changed  ;D
Bullrun: January and Mt.Gox payouts are still coming, I think until then someone play with fear.

Former Obama Adviser Bets his Porsche That Bitcoin Will Rally Again to $60K
https://cryptopotato.com/former-obama-adviser-bets-his-porsche-that-bitcoin-will-rally-again-to-60k/

This could be a common manipulation to make market participants believe that a bull market is now beginning and thus begin to buy. Don't forget, the market is manipulative and often the big players create purposely needed conditions, which many participants are waiting for. Although this does not negate the possibility that it could be the beginning of a real market reversal, but I would not rush too much and wait for more signals confirming increased demand for cryptocurrencies and new players coming to the market.

Bitcoin has lost that force it was known for. It hardly moves anymore today. Past years bitcoin gained $3,000 to $5,000 in a single day. Today if it gains as little as $1,000 people begin to scream and think a bull run has started. It is the same thing with Ethereum. It rises and falls whenever bitcoin does. 10% price rise does not mean much of a bull run in cryptocurrency. It is normal.

I think it is just a retraction. In my option, we are still in a bear market.
If ETH fails to break 2000 USD in the coming 2 months, it will most likely continue below $1000 and perhaps even 800 before taking off again.

Like always, trading is unpredictable but I take my guidance from Elliott Waves and having experienced a few bear markets before.

The bull market have not come yet, we can only witnessed some pumped in other coins but trust me, it's not yet bull season. Ethereum made a little pump doesn't mean bull have started, there's still enough time for this bear season to stay. Although I have bagged my promising coins and store in my spot wallet, also I'm doing some futures trading. The market will pump definitely but not soon, I wouldn't advise anyone to go for altcoins presently, because they're now shitcoins which don't have value. One should exercise patience in the space because one never can tell the next movement of the market.

I think it is quite early to conclude the bull market has started. While 10% is good increase but it is better to observe some consistent rise over time, even in weeks, before conclusion can be drawn. IMO, as we are approaching the Christmas period as well as the end of the year, there is a likely increase in activities including activities in crypto space. More days/weeks of observation is required before arriving at conclusion so as to ensure the rise is the beginning of the bull market and not a temporary rise.

At the moment, it doesn't really matter at what level we are 20k or 22k, the main thing is that the global support levels do not allow to fall below. The price can repeat these small movements many more times while we are in a bear market and so far I do not see signs that the market is turning bullish, everything remains in the same direction. I do not even rule out a temporary rise to 30k, but then I expect a further fall.

It could be that the bull has started as we're already in November, the month I believe favours Bitcoin. I won't be expecting anything contrary to a bullish movement from Bitcoin this month. As it's now, price is resting on weekly support around $19,500 and I sincerely hope it doesn't break it so we can see it reaching for the $24k region where there's a strong resistance. If anyone must short Bitcoin now, they should be very careful doing that. Otherwise, it's better to wait and aim for long.

The economic crisis holds the entire market to move high. Though I wasn't expecting a huge drop this November, however, it was too hard to think about the recovery as well. I believe the bear season is even likely to stay even next month, so I won't be expecting a $24k price rally but a huge possibility we remain below $20k.

Anyways, it was already been accepted, we can no longer expect a fast recovery as we are facing this economic recession and market inflation.

-  In my opinion, we are not in a bull run yet, as the pumping of Bitcoin and other altcoins such as Dogecoin is just a normal market movement. It is guaranteed that their resistance will return to the usual behavior in the market.

But it cannot be denied that there is also a lot of profit in the short term of kicking the value of bitcoin and others. It's a shame because I only have a small number of cryptocurrency assets, although I have them, it's okay for me.

i smell danger. it's just a normal pump. To start the real bull run BTC has to cross certain threshold of price. and i don't think it's there yet. It will take more time. For the time being it will stay at certain price and move between those price points.
I am not that good at analyzing the market but as far as i know, BTC is not there yet. It's like the silence before the storm. You will know the time when the bull will be back in the market again.

Well the price of bitcoin crossed 21k USD and I hope this is the first signs of the bull market. However the control over the excitement is necessary here. Be the pro trader who takes every movement as an opportunity to plan and make money and not go crazy over possible gains or losses.

December is coming and we might see winter in the crypto market as well. Whether a good time to buy, No in my opinion. Rather the upward trend means there will be an incoming selling pressure so wait it out. Rather one should have already bought.

Lesson to be learnt from these cycles for newbies, by the time the bull market starts, your bags should be full of the coin to be ready to dump at the high.

It depends on whether the core of the project itself is strong or not. If the project itself is a very weak project, it will not do much even in a bull market.

Why am I not seeing signs of a bull market starting? Is it because I am not sensitive to the market. . . I think we're still in a bear market, and we're going to be in a bear market for a long time to come. It may slowly get better in the second half of 2023. This is all my own guess, not particularly accurate.

It is impossible to correctly identify the beginning of a bull market, since any upward movement can only be a correction before the price continues to decline. Accordingly, we will find out that we are in a bull run much later and we will regret that we did not collect full bags at a reduced price.

yes, It was not the right time to say were already close to a bull market as we are still too far from it. Even if it will reach $30k, $40k - I'm not going to consider it. These few pumps we have experienced are just to show the volatility of the market remains as usual. I only can say that we are in a bull market once the price of Bitcoin already reached close to its ATH last year.

In fact, as we can see the price had also dump after the price increase. It was not the look of bull season as we just see mostly on the upward direction of the market.

I smelled long bear market because the price of BTC just reduced to $16 few days ago to alert both long term traders and short term traders to continue buying until the bull market takeover January next year. I don't think people will experience bull before the end of this year, which is the best time for people to buy BTC as much they want in this bear and hold until bull come before they can sell.

Now, on the contrary, we are seeing another very significant drop in the prices of almost all cryptocurrencies in this market. Bitcoin dropped to $16,872, and other cryptocurrencies fell accordingly. I would like to believe that this is the price bottom of this bearish period. A bullish period is not even in sight yet. Despite high inflation in almost all countries, cryptocurrency has not yet become a safe haven for people from such fiat inflation. Perhaps this is explained by the fact that most people simply do not have free money after a three-year coronavirus pandemic.

I think you should hold your horses and get a tight grip on things and yourself. This bear market has got a stranglehold on cryptocurrencies and with the way the Grim Reaper has been taking care of bit hitters like De Kwoon(Luna), Saylor (MicroStrategy) and recently Sam Bankman-Fried (FTX), better hitch up for a bumpy ride

considering the recent events that has transpired and makes things worse I think you gonna get disappointed that the current trend gonna lasts longer than usually, so much things holding back btc from turning the trend, instead these recent crash like luna and ftt just make things worse and further drives down the value of most coins in general.
If you think that the bullrun gonna get started very soon I think you are wrong, bullrun will eventually come but I think it will come at the end of 2024 where at least things gonna get better with the economy.

Not with the pandemic solely anymore, it is just that economic crisis and inflation rate got worse.

Recently, there are news about cryptocurrencies such as with the tweets of Elon which are making huge waves on tokens. Maybe it is a good indicator that this industry is now again creating a noise rather than to remain silent and for the market to be stagnant. Indeed the bearish market is not over yet but seeing there are slight changes (not with market prices which are still low) such as these news, new projects which are continuously popping out of nowhere and the likes, could be a good start after a long downfall on this industry.
Just like with 2018 wherein the market remain low for almost two years? hope it won't. Few projects were only profitable and investors that time really struggled with the adjustment from the huge pump during halving that time. So let us hope this dump won't last that long.

Just before the days of ongoing market downturn due to the FTX problem the market made a pump towards $22k but this didn't last for longer time period. The market fell all of the sudden in a gradual manner.

As the incident came to light and under discussion the price movement struggled and reached close to $15k and now moving around $16800 which doesn't look like an indication of bull run start. Most of the time at the November month we used to experience the start of bull market and this time it have taken place different.

not only those of you who haven't seen the bull market sign, but me too, we'll just have to wait at the end of the next year if there's still a change or not, if there isn't it means we have to wait until the bitcoin halving occurs in 2024, all we need now is to add some assets into the portfolio and wait until the bull market comes

No, bearish market still on. I don't think, investors and traders will experience bullish market in this month of November because the crypto market price is still decreasing without any sign of pumping high for investors and traders to have hope of see bullish market in this new month. I think, next month will be a favourable month to both long term investors and short term investors, because altcoins and Bitcoin price will definitely pump higher for those that invested well in the past to have access to the bullish market to achieve good incomes from the market.

just week after that spike , look at the market now and tell us if you think this is something what we can call Bullying market?

I'm  not sure if there will be some that will trust you saying this is the start of Bull market because there are lot of dumping happens just this past week.

I think there will be a different December for all of us now , as the market is still surviving from the recent Binance/FTX  thing.

what makes next month better than today? not that because the market has corrected badly enough it won't make a deeper dump shortly.
when bitcoin drops to $20k, many predict too it won't last long and will fix soon. some FUD is still circulating on social media. Many aspects can affect the bitcoin and altcoin markets.
It must be realized, the current market recovery cannot be done in a short time. we need more time to see improvement in the market. some altcoins may get a small pump, as is the case with SFP today. but not with the overall market situation. just prepare yourself to face market conditions that are not good.

It's true, I think the bear market will continue because looking at the current conditions, I think we need to be realistic.
I don't see a bull market coming anytime soon but I hope I'm wrong because you never know what will happen next.
What's clear is that you just keep following market developments

Im not really that a fan on following people but we've seen some news about Elon saying that Bitcoins price would rise but it would eventually be happening after this crypto winter.

So the question is, on how long this crypto winter would be lasting? This is what makes people around speculating about 4 year cycle which it would be on 2026 which is something

that all had been eyeing for but we cant really deny that we are really that too impatient which causes for us to make bad decisions or move.
We cant really tell that its already bull run yet we are seeing the opposite.

Exactly, knowing more than the next person gives and advantage (IMO).

Even though last month the market had shown a slight recovery. But actually it is in accordance with market analysis. that prices are always made to go up first before heading for a deeper decline. and we must realize that this time the Bearish Market is likely to last a little longer. given the global economic conditions which are currently in crisis (high inflation even heading for a recession). and if you want to enter the market now then at least the money used is really cold money considering the high risk. but i believe when the bull market comes. then people who don't buy gradually from now on will be a little regretful. DYOR

We've already on a deeper decline though, our previous all time low is $17,500 and then the market goes down even further at $15,500. And still the price is just a shade just $16,300 so not sure what you are trying to say for a deeper decline?

But yes, possible next year, when we have another negative news like the FTX collapse or similar, we could be in another deep trouble as the price is possible to hit a snag around $10k-$13k, but we will see. No one knows what the future is, we just have to be prepared in this bear market.

December hasn't been a favorable month as that's the holiday month when  people do more of spending instead of investing. People tend to sell their assets so they can have finance to have some fun with their love ones during the holiday period. Since we couldn't have a bullish period on November, I don't think we can have one in December. This year will end with Bitcoin trading negatively and this can be credited to FTX, they singlehandedly cause this dump.
Without the FTX event maybe we would had had some positive months as Bitcoin trade in a recovering zone but now we have fear and fud as there could be a possible new low price as Bitcoin is trading around the resistance level which is very dangerous as price could dump more.

In my opinion, technically a bull market doesn't start until the bear market ends. But it will come to an end, for sure. Historically we have been in a phase of accumulation and survival. it's like in 2018 accumulation—sideways occurred for 5 months after the last dump, starting from late November 2018 to early April 2019.

That's right, friends, but of course no one will know when the bear market will end and when the bull market will arrive. and actually I did not think that until now the bear market is still continuing. but I think in the near future a bull market will be born because I see crypto has started to improve. not like the day before. but now is the time to buy and collect as much crypto as possible.

As many have predicted, it will take more time. As long as 1-2 years. And the little movements in market will only make us confuse.
Strong holders are still holding knowing well that it will go again but sure it will take more time than we have predicted in the early bear market's beginning.
All upper movements in market indicate fake bull indication.

and from before we also experienced an extraordinary decline from $ 19k to $ 3k but when bullish came last year it reached $ 60k. for me this is a normal thing with bitcoin because whatever the price has been, it has experienced a very deep price drop and later it will also increase in price when the next bullish comes

if next year there are no more dramas like the FTX case you mentioned, chances are everything will be fine.
yes indeed anything can happen to the price of bitcoin but bitcoin has been acknowledged that there will be years where the bulls bring the price of bitcoin much higher than before.

yes this is the normal thing in bitcoin as we all know before like you said above mate it reach to $3k which is a very small amount but last year it will reach over $60k it means a big run from 3k to 60k then now it's normal that the price will go up and down because bitcoin is volatile and we all know that. And the best we can recommend is that we can buy no and hold it until the next price up .

Majority of recent pump in price of both ethereum and bitcoin is just a bull trap the coast is not yet clear for a bullish run because there are many strong resistance to be broken by the price before a clearer picture of the market sentiment will be unveiled, better still except if there a strong fundamental news that might trigger a massive bullish run else the bearish sentiment will linger on even now that there are bad news related to cryptos especially the recent FTX exchange hack which resulted to loss of crypto worth millions of dollars had a significant impact on the price of cryptos.

There are many expectations, but they are mostly just predictions, they may hit or disappoint, so we must follow the chart and have a clear plan. Also, what we must do is choose the promising currencies because these currencies will give us huge gains if we choose them well now. The bear market is still going on and is not over yet. The opportunity is still good for those who have not made a bold investment decision yet and for those who want to buy more coins at attractive prices. It doesn't matter when the bull run will start, but the most important thing is the decision you made and the coins you invested before entering the bull season.

There are many expectations because some people still find it hard to accept the trend the market presented and focus more on the 4 years cycle activities or calculations this is the reason for disappointment.
Having said that, following the chart can also be a fatal decision because we are dealing with a total uncertainty market season. yes, the bear is not over and the bottom seems to be yet to be achieved either.
As you said, the best to do now is to preserve every opportunity the market present.

economic crisis and various crashes has occurred recently, the changing of trend in btc should be the last thing that's gonna be happening considering the current circumstance is just bad enough for investments in general.
I think it's wiser that you starting to accumulate if you have the money and hold it for long term but never expect that the market will have some bullrun in this year mainly because the market got significantly impacted by the recent crashes of many big project quite bad enough that I think it will need some moment in recovery.

The current situation will affect cryptocurrencies a lot, moreover projects that are said to be large projects are destroyed, this is an indication that the current situation is very vulnerable for growth. I agree that a bull run will happen, but not this year. We have to be more careful even if we see improving market conditions if we just want to make a quick profit. It will be different if we put our money in a very long time, the current condition is our opportunity to enter. However it must be kept in mind about the preparation that perhaps worse things will happen.

We're still far from the bullish trend. As long as the economic crisis is getting worse, the market couldn't rise since most investors are still in the midst of the battle to survive this crisis.
There are also issues the the blockchain technology has facing right now which pulls down the prices down. However, it isn't the time to feel afraid because we all know that the bullish season will still come. We only have to be patient and take advantage of the dip by accumulating and buying potential coins for a long term investment.

I think it is just a pump and dump of the market and I believe The worst is yet to come the inflation is keep rising it is not the good time to Invest these past 2-3 month is really bloody for the Crypto but we can't really complain in crypto we should only invest what we afford to lose Just waiting for 2024 Bitcoin halving hope Previous trend follow itself

Don't expect quickly I don't think so the bull run come in coming months. I think it will take almost 2 years. Because there are many reasons behind it.

Like exchanges crashes. Like FTX. And Luna also scammed.  When BTC comes in a good move any bad news hit badly. So it goes down.

Now market is moving like sideways and from this situation anything can be happened. We may see a price recover from this portion or may see more dump. So we have to wait to know about the movement of crypto market. But surely bull isn't started yet.

We are still way too long before the bullish trend commences, we are blinded by the idea that the market will somehow make some changes because of the halving in 2024. We must not forget that even after the halving, price corrections will take time before the market will be bullish and achieve another ATH. We all don't know when it will recover, so for the time being, let's just be patient about the situation.

the bull market will come if the Bitcoin price is able to be above $ 20k again, because right now it is still under $ 20k so I still doubt that the bull market will start,
yes we know the increase in altcoins on Binance was up to thousands of percent a few days ago,
but that not the beginning of a bull market in my opinion only whales who want to accumulate bitcoin at low prices because they get thousands of percent from altcoins,
so don't be fooled in this bear market.

Not sure if a bullish move is starting, it was probably a hoax to confuse a lot of people. Let's take a sober look at the situation in the world and in the crypto market, and what will we see there? And we will see the reverse situation there. There is a closure of large crypto exchanges, a large inflation of fiat money, uncertainty in all markets, which means that it doesn’t even smell like a bull market. So a small movement on ETH is just a standard market situation, or as it is also called, price volatility. In order for the bull to be on the horizon in the world, positive events must begin to occur, and at the moment we are seeing the opposite situation.

I cannot agree with this statement because the bull market is not determined by the price of bitcoin, it is determined by increased liquidity and the purchasing power of ordinary investors. Until the world economy stabilizes, a bitcoin rise above $20,000 will not trigger any bullrun because most people don't have the money. $20,000 is only $3,000 more than the current price of bitcoin. Bitcoin was trading at $24,000 a few months ago and the market was just as bad, there was a cash drain. It also happened when bitcoin was trading at $35,000. So don't dream that if bitcoin goes up 20% now, it will suddenly be called a bullrun. No, it will be called a bullish correction, nothing more.

I also agree with that statement, even if we reach $20k or above this year or even early next year, it doesn't mean we are in a bull run.

And as far as I can see before the FTX collapse, the price is around $20k-$22k, but it doesn't mean that we are in a bull market that time. Bull run will happen as per history after the bitcoin block halving so that is very long time as this event will occur on 2024.

So it seems that there are still members confused about the meaning of bull run and when it should start.

Bull market experience starting cannot be concluded in just 24 hours or few day. It will be relatively take a study of the market within days or weeks to conclude that the bull has arrived. During the ongoing bear market, we've recorded as high as 20% in the market recovery which eventually waned away in no time.The ongoing bear market seems far from ending this year

Not only some but many people are having such wrong thoughts. Within the first four days of December, bitcoin went from 16.5k to over 17k, bitcoin only increased a few percent, and I started seeing a lot of posts saying bitcoin will go up and soon we will enter the bull season. It seems that people are expecting too much from a bull season without recognizing that things will not be easy. I also agree that history will repeat itself, the bull season only really comes after the halving, and all these rallies are just bull traps.