Bitcoin Forum

I have to confess that I don't understand too much about criptos, but during an important time I have studied about reading charts and I can't see a reason for believe that BTC will explode in short-term. I would like to know: What makes you think that will happen a bull run now? It is  a true need to learn about it.

It's not surprising to see people who buy Bitcoin just because they see Bitcoin has a potential to increase more and more by looking at the chart.

But, I'm not recommend to buy Bitcoin when you didn't even understand about Bitcoin at all.

In short, Bitcoin offer many utilities like decentralized, privacy, transparent, limited supply, and secure, which make people buy Bitcoin not only due to the price. If you want to learn more, visit https://learnmeabitcoin.com/

Most definitely Bitcoin is a volatile digital currency flexibly to fluctuating.

OP, you do not have to be convinced by the market chart. Just go and study and do your research about what Bitcoin is all about including its utilities and valuabilities.
However, be let known that the liquidation of Bitcoin states that it is not so highily volatile like the Altcoins which can rise overnight and still falls over the period of time.
So, Bitcoin is literally not a program to skyrocket in a quick event if not, it has event processes before it surges to be explosion.


Bitcoin has a bull-run event and it is been expected to occur unpredictably but it is sure to come at every four years intervals after several events like the bear, dip and halving events has passed. The bull-run is believed to come but too early to expect it yet.

Actually the bull-run is a high market Bitcoin event which is triggered based on market sentiments and some technical derivations.

In terms of Bitcoin, it will be much better if you want to continue learning about it and are also willing to buy and keep it for the long term, which you can consider as an investment in your own future. Because if you only think in the short term about the reasons for whether Bitcoin will explode or not in the near future, I don't think you will get any benefits even if you spend your time studying the price chart for Bitcoin itself. Now try to look at the history of Bitcoin's journey every year until now so that you can have a clear picture that Bitcoin is indeed worthy of being maintained by everyone in the long term.

Well, if you ask me, I would say that many people are now investing in Bitcoin for the purpose of making a profit. What could be the reason why whales are investing a huge amount in Bitcoin if not to make a huge profit? What's the reason why some big companies, like Micro Strategy, are buying more Bitcoin? I think it all boils down to profit-making. I believe that the things you have mentioned, such as decentralization, security, privacy, etc., are all characteristics of Bitcoin, but when you think of the major aim that drives people to invest in Bitcoin, profit-making is what it is. Investors expect to make a profit, and they also know they will enjoy privacy, security, decentralization, etc., which are all characteristics of Bitcoin. 

The movement of Bitcoin in the chart does not determine if the price will go up or not, though I may not no too much about chart but I believe that when the Bitcoin price was still at the $40k most time you will see that the price on the charts moving towards down trends and if you are following it you will think that the price will fall drastically but before we no it has hit $50k and from there it keeps rising, so my points is that even if your chart is not showing you that Bitcoin will rise doesn't mean that it will not.

https://www.talkimg.com/images/2024/06/13/c4NRz.gif

OP unfortunately I have to inform you that the bulls are currently busy with other things and don't have time for the bull run - we'll be back soon (once we've eaten all the popcorn) :D

Honestly, this question is funny to me - so the answer is in line with it.

There are many convincing facts that we can use and take on as reasons why we should expect for more bull run to come even though we are having a bear market, if you know how to speculate, well, you could perceive for that or when you go through the memory chart history on bitcoin price performance in the past, you will discover how it has been rising and increasing in value over time, the more we also have its increasing adoption rate and market volume and supply the higher its value becomes as demands increases and so will the price also increasing.

You don't understand the spelling as well  :o it's crYptocurrency or cryptos, not "criptocurrency"-"cripto".

Everyone is waiting for the big moment in the cryptocurrency space but it would be hard to always monitor and be with it. I think being part of a specific community would be the key to being active and understanding the possible things that you can be part of.

As long as the BTC is decreasing in supply, the demand going up, then the price would get higher. I think you just have to be patient.

Don't you think this movement can be a bluff to dump after? I regard in buy and hold in any time, but claim certainly that BTC will hit 100k level now seems to mekind of over. I really hope the price brake the top line up and all of we can be happy  ;D but we have to see our analisys with our brain, not with out heart.

You say you don't know much about it. so what makes you think you can read its charts? To understand where the asset is going you need some fundamental knowledge, right?
I know nothing about cattle, so I won't say I can predict the price by looking at recent price action.

What makes me think there will be a bull run? Because historically every halving was followed by a price increase and that was always a sharp one, to at least 3x the last ATH. I'm not saying it has to go 3x, or even 2x, but I'd expect it to at least go 0.5x, which would take us up by around $35k, to 100k USD.

That is the wrong mentally to begin with, if there is going to be a bull run, you should look at it for the long term, the bigger picture and not something like after the halving we will see parabolic rise. Anyhow, you are still a newbie in the market and for sure you have to learn a lot of things first.

Others have pointed out to you some good reads, but I will advise you to just go over the forum and play around and read as much information as you like, but for sure there will be information overload for you. And if you wanted to see the bull run, just wait till next year if you can, and maybe we will be the 6 digit around that time.

No one knows when bull run comes, investors only know when the price of the bitcoin slowly moving upwards, no one knows about it or predict the exact time of the bull run , that is why we need to always prepare everytime, we need to always updated with the market condition never get distracted with some speculations they or prediction because the truth is no one knows about the exact time and price of btc.

The cycle is pretty clear and obvious on when it rises. It takes a year after the halving. This has always been the case. It’s crazy people thought it would be different this time and we would jump suddenly to new highs now that Wall Street is watching… Exhaust the speculators, squeeze the shorts, eat supply… 1 year to riches..

For personal analysis, I don't think it would be enough to just rely on the brain without relying on the eyes to see because the combination of the heart, eyes and brain should be able to unite in one goal when starting to make an analysis of an asset that is already quite well known. And on the other hand, I don't think that the price movement is a bluff because the price movement in the market is purely from supply and demand, not like a brawl where there has to be a bluff to surprise everyone.

In short, what you want to know is when will bull season come? And are you expecting bitcoin to increase in price in a short time to make you rich quickly. Is it right? If that is what you are expecting then I think you will soon fail with your speculation.

By the way, none of us know where the bull season is and none of us are expecting prices to increase in the short term. We are all long-term investors and we are waiting for the bull season to come although we don't know when it will come, but we have faith in bitcoin and believe it will never let us down in the long run.

I guess you invested in bitcoin because you believed in the rumor that bitcoin would increase in price immediately when the halving happened, but things didn't go as you expected and you started to get disappointed.

You need to learn to invest in BTC, understand when to invest. If you think you need to invest now then why not start. Bitcoin has been moving slowly since the beginning of the year although now the price of Bitcoin is hovering high between $60k -$70k. Bitcoin hasn't started the run yet after the Bitcoin halving, now is a good investment opportunity that you shouldn't miss before the next run begins. Personally I think it won't happen yet, it will take some more time for Bitcoin to start running. But anyone should  participate in Bitcoin investment from the present time so as to rein in the next one year.

You said that you have studied reading charts but unfortunately, you seem to not understand much about it. maybe you need more time and effort to learn more not focusing only to reading charts. There are a lot more factors that considers the price movement of the market, specifically BTC. No one here thinks that a bull run will happen now. A lot of us may expect it but no onw said that it will be short term. The right time will come till it happen, be patient and use that time to gain knowledge while you are patiently waiting.

It also seem to me that you are only hyped by the people you see who are into crypto who's saying that Bitcoin will boom in no time. Sorry to say, that's not how it works in crypto. You need to understand deeper and know what it really is when it comes to investing in BTC.

The only thing that makes me believe Bitcoin will explode again is because Bitcoin's history always makes an explosion after the Halving. I'm also not very good at reading charts, but my trust in Bitcoin has removed any doubts about its long-term potential. If you are looking for or waiting for Bullrun to arrive, you need to make preparations before his arrival. Do it now, not later, because no one can predict when that moment will come. Always take advantage of every opportunity you have to welcome the arrival of the Bullrun by collecting Bitcoin consistently.

for me, I will choose to think that the kind of explosion in Bitcoin price you're talking about is rather contextual, for those that have invested in Bitcoin some years back when Bitcoin was at $10k, then at $70k it's okay to say that there has been a major explosion of Bitcoin price for the timeframe the individual has HODL his Bitcoin depending on how much Bitcoin he has at the time and for newbies like you that will start buying Bitcoin from this $60k to $70k price, for you to experience such kind of explosion then Bitcoin would have to get to at the range of $150k to $170k within a particular space of time which in my opinion isn't impossible to happen in less than how long it took Bitcoin to move from $10k to $70k.

But as a newbie, it's not just enough to anticipate the bullrun with nothing to show up for. What makes the bull meaningful is due to your ability to making the right use of the bear season. So it's just advisable to start stacking your Bitcoin from this point if you have the means to.

The entire bullrun is not a bluff but consider multiple time frames for calling a bull run or bullish period of gains.   The wider time frame remains bullish but as always BTC is a volatile acting asset and near term we are challenged.

Right this moment we are holding a downtrend that is either broken by gaining and holding above 67.5k or we are set continue downwards.

Medium term we have traded in a range or drifted sideways if you like since about March start.   Just recently we did have a bluff charge upto 72k that failed to connect or actually attempt a break upwards.   This is quite normal for BTC and makes it a frustrating asset to trade, expectations are often not precisely returned as hoped.

Long term BTC remains in a good strong period of gains over many months exceeding a year, we cannot be too disappointed in BTC taking a rest.  In fact its healthy for BTC to pause and ironically Iam glad to see prices being checked and volume being raised in this area.

Mostly people here especially the OG believes the Bitcoin cycle price pattern which double the previous ATH every cycle.

You can use the image below as reference on what I’m talking about. This kind of chart is very popular for Bitcoin analyst ever now and then after halving or whenever the previous ATH is already reached once again after big dump.


Note: Photo not mine source here https://www.tradingview.com/ideas/search/BITCOIN%204%20YEAR%20CYCLE/

just study again and you will be able to find the reason why until now the bullrun has not appeared because no one can predict when it will happen. if you ask where the bullrun is, then people's response will be the same as what i said. everyone is waiting, just like you are waiting, so before that happens you better learn more about bitcoin or better invest your money.

If this is your first time or newly engaged into this market then better sit down and watch on how this market behaves. We do know that this market does have that so called cycle on which means that you would really be able to see those up and downs on which it would really be basing up on trends. Also, come or put it into your mind that when it comes to technical analysis then there's no such thing about assurance that those
things will really be able to precisely predict on where the market would really be heading. Speaking about on when bull run happens then pretty sure it would really be happening on next year but no one ever knows about the exact date or time. Also, there were rumors that bull run could happen into this year too on which tons of speculations that you could really be able to read up into this market on which its not really that
shocking that tons of speculations that floats around.

As a noob then better expect the unexpected and no man or trader/investor into this market will really be able to have that 100% precision when it comes to movement and market
conditions. This is why positioning yourself would really be that something that will really be that hard.

You have to be patient, this is not the first time that we are expecting bullrun and  it has never failed to happen that's why am convinced that it will surely take place. If you invested in bitcoin with a hope of immediate profit, I think you are going to be disappointed. This is the main reason why you are supposed to invest money you don't have immediate use for. If you happen to invest money you have immediate use for in bitcoin it's going to worry you and you are going to be under pressure if what you have been expecting isn't happening immediately. The bullrun is definitely going to happen but within late this year and early next year, but I can't guarantee you the exact date and month.

The answer is - right around the corner. It's usually very close, waiting to happen in an unexpected moment, somewhere within the next 2 years after halving. We're just months from the halving, so it could as well start today or tomorrow.
There are a few rules that bitcoin follows. One of them is that whenever too many people believe something will happen it doesn't, so if too many people wait for a new high right now it will not happen until they give up, stop being too exited and stop reacting to these small 10% pumps and dumps. Then we'll have the real run up.
If I were to give you a date, I'd say August or September of this year.

Bitcoin has a pattern that repeats always that is what is making everybody believe that the bull market is coming. The pattern involves Bitcoin rising after the halving has been completed and there are many reasons why this affects the price of Bitcoin in a good way. The halving reduces the rewards Bitcoin miners are going to be getting and this reduced the amount of Bitcoin being added to the already existing ones in the market. The reduction in new Bitcoin with the same demand or even more demand makes the price of Bitcoin to rise. Since old investors already knows this, they always buy more Bitcoin and this adds to the demand in the market. New Investors will too be buying and everything just moves in a positive way for Bitcoin during this time and makes the price to rise.

The bull run time for bitcoin should not only be your main focus why you dive into bitcoin. That is just a possibility of it happening but cannot be easily explained when or how it will happen. If you focus more on that aspect, I’m sorry you’ll lose interest in it and won’t be able to acquire other things that can be own or known from owning a bitcoin. It has come a long way to distinguish itself and also have some characteristics that makes it attractive to people and the uniqueness will make you like it more amongst other cryptocurrencies. Don’t just see it as a coin that has potential to grow and make you a very big money. Study it more and you’ll see more exciting stuffs that it entails which will make you naturally not think too much about when the bull will come and it’ll just happen naturally.

A bull market is likely to start very soon, don't be disappointed that the price of Bitcoin is falling at the moment. The low price of Bitcoin has created an opportunity for investors to invest. So those who have not yet participated in Bitcoin investment should invest quickly so that later bull run can fulfill its purpose.

I feel like he kinda nailed in the head? I mean he says that it doesn't seem like it will go up, and you said the same thing as well (I say it too) which means that we are all in agreement of the same thing, so not like he is making a mistake. Don't get me wrong, I am not saying that we are talking about something that is too complicated, I think it's quite fine to fix or find these type of things.

Chart reading is easy after a while, it takes time to learn it but it becomes quite easy with time and he seems to have a good grasp of things if he thinks that it doesn't look like there is a movement. I believe there won't be much during short term neither, it is going to stay about the same and not going to go anywhere.

Well, it is certain that the price of Bitcoin will explode, but not necessarily in the short term. It may be in the medium or long term, but it is certain that it will explode.

There are many reasons that lead me and those who are optimistic about the future of Bitcoin to believe that the price will explode soon. The most important indicators are the movements of whales that are accumulating huge amounts and preparing to explode.

Among the latest news I heard yesterday was that Bitcoin whales collected $1.4 billion in 24 hours amid a market correction. This is a very strong indicator because whales cannot buy to lose.

The thing about charts is that they show you the history not the future. This is why I never liked Technical Analysis.

What affects the markets are not seen on charts either. For example these days the global economy is in a very bad shape that keeps on getting worse specifically with growing recession. This creates an increased sell pressure while removes the money that was coming in (or at least part of it). This is why the rise becomes increasingly difficult and bull run you have in mind hasn't started yet.

The bull run is inevitable though. Because despite having recession in most of the world we also have inflation and that means bitcoin price is guaranteed to go up as fiat currencies are dumping even though some are not showing it since they are being kept high artificially (eg. by increasing interest rates that has caused recession).

As you can see none of the things I mentioned can be predicted on charts.

It is not easy to predict how much time Bitcoin will take to boost in price to create a new ATH but it is clear that it will surely create a new ATH later or earlier. Time is not guaranteed but investors of the bitcoin trusted That during this bull season they will examine new all the time high value which will be right to sell their assets to take profit.

If someone has little Knowledge about Bitcoin then he can Understand well that how to take profit from it so it is the best time to purchase Bitcoin to have maximum return during new ATH achievements.

I think is more profitable to believe like religious people than seeking much about this I would not contribute much to your question base on fact I have not experience it before it's my first time to experience halving and looking forward the Bull run but I believe because I have read allot from experienced people who have been in the system the saying there is no smoke without fire has been my beacon to believe more behind every rumors there is always some atoms of truth.

Bull run is at the corner it take those who have experience to tell you what will happen soon because you can't give what you don't have ,  trying to doubt when you have not experience bull make you not ready to learn , asking questions to learn is good but there is a length to which you will argue in the means where many information and statistics of how the system work is already available.

Math and history.
The math behind Bitcoin's emission and the historical charts for what has happened after each halving.
Even more, imho we are already in the bull run. Or how would you call the current "state" when the price was at 15-20k in the winter of 2022-2023 plus we have already surpassed this year the previous bull run's high (no matter the corrections we had since then)?

Bitcoin Halving is already done, so where is that explosion you are talking about? HHmm.. In fact, Bitcoin did even dumped a lot. Trust is a powerful thing because it can make us believe that something is going to occur even if there are no guarantees. Maybe there are people who are literally speculating, like watching the price alone and not making any investment.

I think there is also an excitement on doing this. For those who do invest, indeed that it's better to do things ASAP and this is why we have a DCA here because it makes people to invest even with a small amount but it's justifiable since most of the times the price is not down yet.

In terms of learning Bitcoin, it is necessary to continue to learn if you want to have good knowledge, but regarding crypto it will be very complicated because there is too much.

I don't think the bull run will happen now but I do think now how strong the new support is to go to the bull. In 2024 it may be difficult to see the bull we are hoping for, but in 2025 the hope of seeing a bull run is very strong to happen even though it is only limited to speculation with the events and history.

Opportunities are always there and open to everyone who truly believes in investing in Bitcoin, especially for those who have clearly seen the four-year cycle in Bitcoin which always creates the highest price in Bitcoin itself. The price of $66K is a price that is not too bad to buy for everyone who wants to make their own preparations to welcome the bullrun, so that the worries and doubts that are in each of our minds must really be put aside so that we all have a strong mentality to want to buy in that price range.

First you need to understand that Bitcoin is not a short term project, it is a cryptocurrency that investors hodl for a long term and don't worry much about the exact time when bull run will start. If you research the hysterical pertten of Bitcoin seasons you will further understand that bull run doesn't start immediately after the halving, it takes months before we will begin to experience price surge that will lead to a new ATH, but many newbies thinks that bull run starts immediately after halving, but it is not true.  Over the years since Bitcoin was created, it has proven to be a reputable asset that will continue to be in demand because of it's profitability so the price will always increase in the long run. Buy and hodl as many Bitcoin as you can afford, bull run will come in it's own time.

There is quote from the crypto community and it says...

"when in doubt, zoom out"

That is all enough for you to see and understand why we are all believing that we are in a bull run until next year.

also, the cycle.

I am not sure that the bull run will happens now. We see the market now is not good and needs time before increases back and reach the highest price. Perhaps before the end this year will have some surprise for us and we can see a change from the crypto market.

You just need to prepares for anything happens to the crypto market. If you want, you can still buy Bitcoin and hold it until the price make a new ATH. We don't know when the ATH comes but we believe that will happens not too long so we still have a chance to accumulate Bitcoin.

To start a crypto bull market there is a lot of speculation and factors that can push up the price of Bitcoin or other types of crypto on the market, my personal understanding and speculation, If the bull does not occur in the halving that has occurred, if I am not mistaken, the possibility is very slim that the Bull market could happen again, maybe we will see this phenomenon in the next halving from now on.

However, there are several unexpected factors and speculation that the Bull market could rise again, if the four speculations below happen again.

Is it possible for that to happen, the answer is 50/50, the point is: whatever happens to crypto growth, no one can predict or speculate accurately.

You are in it, did you miss the movement that began since October of the last year? Bitcoin more than doubled its price in a matter of five months, if we were talking about the stock market, this movement alone could probably be the biggest and fastest experimented on its whole history, so bitcoin is doing well already and we have strong reasons to believe it will do even better, what we do not know is if this will happen soon or if we will have to wait until the next year for the bull run to gain some momentum.

$66,000 is really a good buying price when you look at where Bitcoin could be trading at in just one year from today. The price for Bitcoin should be trading more than $100,000 therefore you will be making $34,000 profit if you can afford to buy one Bitcoin and if you can not afford to buy one Bitcoin but 0.1 Bitcoin then you will make $3,400 and that is still a good profit to make. Beginners make the mistakes of thinking about waiting until they have the money to buy one Bitcoin before they start investing but you do not have to wait because Bitcoin would not be waiting for you until you buy before it will start rising. We have to use any amount we have to buy because the bull market is around and it would not take long before Bitcoin passes another highest price more than the previous highest price just early in the year that it passed $73,000

Calculating a profit like that is good for motivating yourself to take action. The most important thing is when you know how much profit you will make if you buy at that price, be willing to do it immediately without letting it wait. Your calculation is good, if the price reaches $100,000 in early 2025, then the profit of $34,000 is obtained in just 6 months.

Don't just say how much profit you get if you buy 1 BTC or 0.1 BTC while there is no action to do it. For me, that is a conscious mistake.

Advice like this is more suitable for beginners who have just discovered Bitcoin in the last year, because of the three Bitcoin market cycles that I have personally witnessed in my life, of course I am not someone who doubts the potential profits from Bitcoin. And based on the calculations you say, I have also practiced them in the past, so things like this are what need to be taught to beginners who may be new to Bitcoin since the decline occurred in 2022 or since Bitcoin recovered last year.

the bull run will come any time, but don't know the Exact time.. just hold with without panicking, it will make you rich any time..

Bitcoin always repeats the previous cycle after halving and has reached a new ATH several times, which means we have confidence in the current cycle where the price of bitcoin will return high even though the current ATH is still too early at $73K, but many people predict more than $100K when bullish comes then now is still not the time but your opportunity is never missed, yeah we don't know when the price of bitcoin will rise but believe many people the price will return high.

We will not be able to predict the price of bitcoin exactly because no one can do that, but I agree with what you said that Bitcoin always starts its cycle and is obedient in the course of each cycle, sometimes someone needs to be more patient to wait and just keep accumulating bitcoin.

The price of $100k is the closest and lowest target of the explosion target that may occur in the price of bitcoin this year, but I think the market is still in consolidation in making price support so that it can go higher and pass the ATH limit that has been formed before.

Bitcoin will not explode, but it increases slowly and if you look at it from a weekly or monthly count it will look explosive, but in daily counts I think it is very rare to explode the price, especially with the capitalization that continues to be high.

It doesn't really matter how early the previous ATH is, when the bullrun returns it's going to break above the $73k region. There are several speculations going on about the price of bitcoin surging to various prices, some are of the opinion of $100k, others $150k, $200k, $250k and many others. I can't really tell but I'm looking above $100k, a lots of key events has taken place which ordinarily should send bitcoin above the $100k price projection. This is going to be the first bullrun after bitcoin ETF approval from sec, so this is going to be massive. But it's best not to be carried away by the future price of bitcoin, because many things might still play out, that will determine how the price of bitcoin will go.

If yo want to be invested in Bitcoin and at the same time enjoy your peace of mind, consider investing with intention of long-term HODL. If you don't want to follow that approach, you will continue to panic and worry yourself about when price will rise and how far it will go, these being like a major source of depression. Bull run is already in place since late last year although I think we have not reached the peak. From my expectations, towards the end of this year and up to the early period of next year we may begin to see these moves.

Looking at the current situation of the market, it is not possible to say anything with certainty, it may be a little bit of correction and the market will go up after that, but the way the market has been going down for a few days, it cannot be said that after that the market will remain bearish or will turn into a bear market but it is also true that there has always been a little correction in the market, this is the crypto market, it can never be stable, it remains volatile and this is a great opportunity for small investors who have not bought much or haven't been able to buy in the past or are short-term investors, so they can buy, and when the market goes back up, can sell.

My advice is that there is no need to panic looking at the current market situation, if you have the money to invest, go ahead and adopt the DCA method because there is a little correction, nothing to be alarmed about.

Bull is asleep come back another week.   Its clearly set to move down at least some, yesterday was peaking at the weekly average and also prior on June 12th and 10th.  So I will continue to use that weekly average as my gauge as to possible positive movements counter to the recent decline.

Its always confusing in BTC that we can move up and down continually but in sum total that is the move Im interested in and right now there is a steady but not great decline in pricing.

Its obvious you know very little or nothing abut bitcoin. Well bullrun occurs after halving. Having had  taken place and we're expecting the bullrun which no one knows when its coming, but we know from research, history and experience that it does come a while after having.

Best way to get involved for you is to buy and HODL for now, you can learn about other things later, but accumulation is very important to get the bullrun blessing

It is clear to me that Bitcoin is on the verge of a bull run. I rely on Elliott wave analysis most of the time and I can say that we are in the final stages of an accumulative triangle before moving higher. But I don't think Bitcoin will rise to big numbers right away. A reasonable goal for the upcoming race is the level of 100-200 thousand dollars per 1 bitcoin. I know. That there are many much more optimistic forecasts. Some predict 500,000 and even 1 million dollars for 1 bitcoin. In my opinion, this is from the realm of science fiction.

The goal of 100k$ is the most realistic goal, but with the recent adjustments, many people are starting to doubt it and people think that reaching 100k$ is a big challenge, let alone 500k$ or 1 million dollars per bitcoin. It is an illusion even though the future is unpredictable.

If I remember correctly, we also had a thread saying that they also rely on Elliott wave analysis and believe a huge bull run is coming. Personally, I'm not a fan of technical analysis, but I believe that history will repeat itself, so I think the fourth quarter will be the time when bitcoin and the entire market recover and enter a bullish cycle as many people are expecting.

So it seems. Usually bull runs start when people like the OP get desperate and sell. And they usually end when people like him buy because it has gone up so much that it looks like it will never stop going up and the price is going to hit $1M next week.


If they are referring to this cycle, as you seem to say, it is science fiction. I too think the $100-$200K per Bitcoin range is the most likely max for this cycle.

Yes true, there are way too many who start to buy after it goes up, like look at when we broke over ATH just a bit ago, there were so many people buying in billions after we broke over all time high. Those people are crying that it didn't went higher now, but it was obvious that they were too late, not being able to see that is weird. I think we are going to be doing just fine, it should definitely be considered as a good thing.

I think the best way to move forward would be realizing that we should do what the entire world has said since start of history, which is "buy low, sell high", and if you keep buying high then you are going to end up selling low and that way you will only lose money and never make anything back.

History tells itself and every couple of years the bitcoin price reach a new all time high driven by adoption, halving and some major events. Obviously these events could take place, few weeks before seeing the new trend in price but it happens in the end.
For the moment, it is the consolidation phase which can be followed by a bull run or at the opposite a transitory period of price decrease.

Yes this will happen because Bitcoin price will reach the maximum price after dumping a lot. Step by step Bitcoin price will continue to increase, because every time Bitcoin price is pumping to the maximum immediately after the maximum dumping. If you notice the phenomenon that happened when investors got frustrated, those who sold suffered the most losses, and those who were patient during the dumping made the maximum and profit, the phenomenon occurred in late 2022.

Mostly it's the halving itself that is the catalyst for a bull run, Bitcoin is going to be very hard to acquire and so their will be a demand as the supply is going to be limited. The thing is that it's not going to be very quick to suddenly see new all time high right after the halving. It will take weeks and months before we can finally see some movement. Although it's the first time that we have reach new all time high prior to the halving. And so with that, it might be a different run for this cycle, but the thing is that most speculators are pointing at a $100k++ as the next bull run price. So what we need and as what we have been preaching, we just need to have more patience this year and the next. And let the market flow naturally, and once we are in the flow, nobody can stop the bulls.

if you are into cryptocurrency they only understand that the price of Bitcoin always increase and always decrease in the market and they determinant of that price of being decreased and also increase is dependable by the gravity or the demand and the supply that come in contact in the market so many investors who invest for long time and who also invest for short term also knows that the price of Bitcoin is not constant but have a mind that the price of Bitcoin can increase at any point in time because the market is rotational

Because the ATH after the halving this year took place came so early that is the reason why so many speculators believe that there will be another ATH before the year's end. And also, they believed that the previous bull run was just a tip of what is to come. At first, there was assurance that the end of the bull run would keep the price of Bitcoin at 100k so when it stopped at 73k or 74k there were about. It's now certain to them that it's not yet over and that the 100k speculation is still possible.

The next 'bull run' is going to come soon I think. You do not have to worry about that just keep hodling your coins and you will get big profits.
MicroStrategy did just buy 11,931 more Bitcoins for $786 Million. He now has 226,331 Bitcoins worth $14.7 Billion.
It is always 'bullish' news for me when MicroStrategy buys more Bitcoins. https://cryptonews.com/news/microstrategy-buys-bitcoin-cnovertible-note-sale.htm

The news of MicroStrategy buying more bitcoin is not a signal for us to rely on and believe that bull season is coming. MicroStrategy has been buying bitcoin throughout the 2022 bear season until now, and as far as I know, they have a long term goal with bitcoin and they are executing the DCA strategy every time they have money. They don't care about prices or what stage the market is in. One more important thing is that their average price is only $37k which means they are getting 80% return on their Bitcoin investment. They won't care if the bull season comes or not with that level of profit.

But based on history, I agree with you, bull season will take place soon and possibly later this year. What we need to do is buy, buy and wait.

https://www.talkimg.com/images/2024/06/23/hIBgb.png
https://x.com/saylor/status/1803763490928119950

This is not a problem for many people to speculate about, but sometimes we also have to remember price corrections. Because this should not be forgotten by everyone as we have seen now that Bitcoin is already at $64K, which is a level that has a distance of $10K to the next target level at $74K. Speculation about Bitcoin's price being that big is indeed feasible, but I don't think that it will come true now because Bitcoin is currently facing a period of price correction, although not by a large enough percentage.

People were spoilt by the start of this year because this is still the bull run but they are grazing right now :D    I said even back in Feb it cant always be like this, its way too fast and they jumped the fence moving that fast it wont last.


For the end of this week its a good idea to look in reference to weekly bars.  Within that, this is 4hr bars because thats most relevant for the present moment and fits a pattern.   The bottom line is the weekly bar to end Feb, its where price action should hold if we remain quite positive overall.

https://talkimg.com/images/2024/06/23/hIqC2.png

Its a high mark but ideally its now the bottom.  February was very positive and the ideal is we do keep that provision in our saddlebags for the future journey  :P     The top line to price action in this time frame should be familiar, its the 2021 peak and prior ATH.   Again to measure progress, we do really need that below us on the regular and yet its still threatening as a ceiling though I dont presume that yet.

Brown moving average is monthly and blue line is the weekly average, it fits the peaks or cycles to daily price action.
Bottom indicator is OBV (https://www.investopedia.com/terms/o/onbalancevolume.asp) and I presume via reference to volume its not indicating strength just yet.

Although I believe we shouldn't base our decisions on things like these where industrial investors buy Bitcoin or cryptocurrencies and we do the same such pieces of news usually raise curiosity among retail investors and when they see big firms buying Bitcoin, they try to imitate them and this can become a positive sign for the market because as the demand increases, the prices will start to move up as well.

A lot of retail investors, mostly newbies, are becoming restless because they aren't seeing much positive movement from Bitcoin but it usually corrects itself and instead of going up, it goes down, and they don't like this because it makes them panic. However, they need to understand that the bull run doesn't come this early after the halving event, it's only been about two months and we are already becoming restless.

Yes, we should not be controlled by the information of institutions that buy bitcoin, and make us follow their steps, I think it's the wrong decision if retail follows them, retail should first enter before the institutions continue to increase their accumulation, I think it's much better, but maybe that's only done by retailers who have been in bitcoin for a long time, not yesterday afternoon or still beginners.

I am quite dilemmatic with today's market, where indeed price movements tend to decline, especially tonight, I don't find any reason why I can push bitcoin much higher after previously touching the $74 price level, even tonight also experiencing a continuous decline or correction. If only I had more money, this should be the moment to continue the DCA before the bull run really comes.

Zoom out on the 6 month chart and tell me that there is no bullrun... ::)

The problem is that people look at small time frames on the chart and start panicking because they thought Bitcoin is a get quick rich scheme.

The halving and bitcoin spot ETF in the United States are reasons why bitcoin price is going to pump very high, mind you as well that bitcoin is already in a bull run, for example if you look at the price movement in the last 6-12 months, you'd understand that we are indeed in a bull run and the price has been steadily increasing.

You should also DYOR on what you are curious about, and if you want to buy bitcoin, now is the right time to do it and DCA is the best strategy to apply. Finally, you should know that bitcoin is not a get rich quick scheme nor a pump and dump coin.

This. In February everyone was excited about Bitcoin going above $50k, now we have a massive outcry that it fell below $64k.
Some things will never change I guess.

Also, if we look at the previous cycles, we'd always have some pull-backs after halvings, some were around 30% or even 50%. What we're experiencing right now hardly qualifies as a pullback.
Long story short, this is normal.

If anyone knew exactly when the bull run would begin, they would certainly be rich. But while we cannot know when this bull run will begin, we can make a assumption that it is very likely to happen. At the moment we are very close to a bull run but the bull run has not started yet. The price of Bitcoin previously crossed the ATH but the current price is quite far from that ATH. The bull run we expect after the Bitcoin halving has yet to happen. We can assume by looking at the market conditions and charts that we will soon be able to see a bullish look in the crypto market.

What was your purpose of buying Bitcoin. Is it for the price or for the utilities is provides it's users? Maybe you quickly getting off from acknowledging that volatility comes with ups and down, but people like you don't want to recognize that part of when it's all going down. Check past circles the bull run has mostly taken a delayed move even after the halving. Bear it in mind that this delay could actually extend to 2025 and if you ain't patient enough you may pull out and miss the juice when it squeeze.

For sure most of people here on this market wont really be minding much about its utility but rather it would really be that focusing into that investment side of things on which we know that when it comes to potential
then there's no doubt that Bitcoin would really be able to give out that kind of potential on which we know that in every market cycle on which it is really that reaching out new all time highs and this is where we do anticipate to happen specially now that we are really that near into that condition. People who do seek or ask about when is the bull run then it would really be on next year but who knows that it might come earlier?
Instead on making yourself that getting that thinking about on when it would happen. Why we cant really just that be mindful about having some buybacks or DCA whenever the market would be having some decline?

And with that then you could really be able to assure up somehow yourself that when the market make out some shift then you would really be able to make profits or money on the moment
that it would happen rather than on keeping up those questions into your mind but not really that making necessary steps for you to do so.

Everyone definitely has different goals in buying Bitcoin, especially with the desired amount always being different, so it's not surprising that under certain conditions there are still many people who want to buy Bitcoin after knowing and considering the things you said. Price movements which tend to be slow are not a problem that can deter people who have enough patience in waiting and want to enjoy more extraordinary results or something like the sweet essence of a flower. And this patience usually arises after each person examines the previous circle and finds out other unique things through more analysis of the current conditions.

Our goals may present some variation when it comes to the profits we expect out of bitcoin, but at the same time we all agree that bitcoin is a great asset to hold for the long term, which is why we bought on the first place, it is just there are many investors out there that cannot deal with the volatility and the long bear markets despite knowing this information, and this is unfortunate, as very often the difference between a profitable investor and a losing one is simply the patience each one has.

As you have seen many chats and if you watch them carefully and well with more knowledge then surely you will understand about Bitcoin. We have seen Bitcoin successfully halved and now we are only waiting for the bull season. Since we can assume that the previous bull market was in 2021, we can see the next bull market in 2025. The sire market is basically next every four years so we look forward to 2025, when the price of Bitcoin will reach the maximum ATH. So I want to tell you that if you want to profit from bitcoin you have to invest and wait till the bull market.

The bull run happened between December 2023 and March 2024. What kind of bull run are you expecting in June or July?
The next bull run is going to happen in the end of 2024 or probably during the winter or spring next year(unless some major FUD event happens).
The current BTC price dropped down to 57K USD, which was expected by me, but many Bitcoin noobs might get butthurt and start panicking.
The summer bear market is coming and there will be a bloodbath on the crypto markets soon. Don't trust the FUD and stay strong.