Is this a sign of the next Bitcoin bull run? Or just another bull trap?

[exstasie]

The continued lower lows that we've been achieving on higher timeframes like the daily and weekly definitely isn't a good sign for the bulls (as well as continued lower highs), and it's looking somewhat likely at this point that we're in a channel downwards as every pump seems to bleed off into a newer low.

Yep, there's a pretty clear down channel here. In fact, it might have been one technical reason for stopping near $6,500 rather than the highly anticipated low $6,000s area:



I'm a big trend trader. There's no doubt we're in a downtrend, and it's sensible to keep betting that trend. Having said that though, the structure of the downtrend is not that bearish. It isn't impulsive. It's an orderly correction that keeps overlapping into the previous range. That tells me supply is weaker than all the bearish sentiment suggests.

If you're shorting down here, make sure to have stops on the book. The bears trading with "mental stops" got slaughtered by the October run to $10,500.

[Wexlike]

The halving in 2020 probably won't change the price into bullishness because as expected it will occur in 2021 but when is it exactly? Maybe in Q4 of 2021 that might be the start of Bitcoin to the moon trend. With all of this speculation about of the next halving it only spice up the news of Bitcoin to bull run.

The halving will definitely take place in 2020.

[STT]

The event occurs in 2020 and no doubt speculation before but the effects of that event are mostly in the price for 2021.    Anyone whose in shares will be familiar that the price is not for today but an estimation of future accounts, so the halvening is not immediate transformation but the price then will estimate.   2021 is where the bulk of gains from halvening should occur so far as I know because it represents less supply over time.
  I think people jump the gun a little too much on that one, I guess I should be happy if we see some predictable washout and to be more optimistic towards the end of next year if that should be the case despite any negative mood.

There's no doubt we're in a downtrend,

Theres plenty of doubt while the 200 day is rising thats a disparity and its muddy water, my take is there is not trend especially its just lost the uptrend and we get some sell from lack of those previous gains and speculation must leave the price like a wet rag wrung dry.    When we got the more solid base, we can see some change.   I dont think we are quite set into a determined negative trend.

[exstasie]

There's no doubt we're in a downtrend,

Theres plenty of doubt while the 200 day is rising thats a disparity and its muddy water, my take is there is not trend especially its just lost the uptrend and we get some sell from lack of those previous gains and speculation must leave the price like a wet rag wrung dry.    When we got the more solid base, we can see some change.   I dont think we are quite set into a determined negative trend.

This is just a question of time frames. By some metrics the monthly chart is still in an uptrend, and the yearly chart is clearly bullish. The decade-long uptrend is comfortably intact.

However at the daily and weekly time frames, we are very clearly in a downtrend. Lower highs and lower lows, a declining 20-week MA, price is down 43% over 5 months, etc.

That short to mid-term bearish outlook hasn't changed yet, though I do believe we are near the bottom.