bull started?

[ven7net]

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?

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.

[Xal0lex]

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.

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.

[cryptomaniac_xxx]

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.

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.

[Miaallen]

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

[posi]

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

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.