new bullish run

[CryptoCraze11]

right now we are having a bull run in the crypto market. Let's hope it won't be of short duration.



P.S Buy at your own risk

[1714111716]

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[Kopyleft]

We are not having a bull run n the market. This is a price spurt in account of fluctuations in the value of bitcoin, which tends to affect all other digiatal currencies.
As a trader or investor, be careful of allowing emotions influence your actions.
Study the market for longer, and then decide your strategy.

[KingScorpio]

right now we are having a bull run in the crypto market. Let's hope it won't be of short duration.

P.S Buy at your own risk

could also be just a manipulation by some bitcoin whales/holders.

[franky1]

not a bull run...
its just a calve(baby bull) playing with cubs(baby bears) on the same field

bull runs are not hours old..

there is a mining cost:market price dynamic at play and hashrate hit the 50exahash again for the first time in months.
this can explain the SPECULATIVE rise(hours/days). but it takes time for a sustained 50exahash to play out as a bottomline SUSTAINABLE value dynamic on the market(weeks/months).

so its too early to scream bull. as the hashrate part of the dynamic may just be a temporary blip

[sheenshane]

They are right, there's no significant reason for this sudden hour spike in the market. Maybe it's a normal fluctuation or the result of manipulating whales in the market. But we didn't know the exact reason, so be calm and don't expect too much on this sudden spike that might be a bull trap to the traders. But hopefully, on positive vibes, it will continue to raise up and that's what we call a bull run if ever happen.

bull runs are not hours old..

Agreed to you mate.

[fahard99]

right now we are having a bull run in the crypto market. Let's hope it won't be of short duration.

https://i.imgur.com/1o7cMb0.jpg

P.S Buy at your own risk

[CryptoToxicAvenger]

This spontaneous growth caused all a storm of emotions. But it is temporary. I think so. Don't forget that crypto is very unpredictable. It's too early to wait for the bulls run.

[Crypdon]

Agree with some of the views here, it is likely to be a bull trap. The spike is too big to be natural, the only way to explain it is price manipulation by someone preparing to dump the coins on Sunday or Monday

[thecodebear]

no, its not a bull run. it was like a one hour spike of a few percent. the start of the bull run is likely many months off still.

[crzy]

A short pump maybe but not a real bull run. There’s no significant volume in the market and its too early to say that this pump is going to become the new bull run. Hope it will continue to pump, until we break the $4k level again and continue way up to $7k. 

[pixie85]

It's not going to go anywhere because there were no big news and we are not recovering from any sharp fall. For this to be a bull run we would have to go above 5000 dollars. For now it's the same thing we saw on Dec 29. A small pump that failed to achieve anything besides giving people false hopes.

[dothebeats]

This isn't a bull run in any way but rather just a short pump with no real strength to hold on. The volumes on exchanges are ridiculously low to perform a higher push on where it's at right now, so I don't think it can continue to go further or traders will ride whatever's happening on the market. Also, there aren't any news or any catalyst for this increase, so I'm afraid that it wouldn't be lasting long or will be shut down by the bears any time sooner.

[passwordnow]

Nope, as they said it's not yet the bull run. We need some confirmation first before telling that this is a bull run, how long it has commenced? for few hours? you can't say that it's totally a bull run but at least we got some increase for this time. We need to monitor on how long this would stay to validate that this is actually a bull run. If it will pass the $4k barrier and goes totally unstoppable it's just the recovery time. And if it goes beyond to the closest barriers, then we're free to say that it is the bull run.

[BurgerCash]

I guess we got used to using the term "correction" to refer to crashes. But we can also correct upwards, it has been weeks of slow bleeding, we deserve some green "correction" for once.

[brokens]

yeah i also see the marketare having a bull run and that happened in a short time, wow amazing. we will not know whether this will last long or not because in a short time the crypto market can also decline dramatically. I am happy to see the current market developments because all the coins have become green, let's see if it will last long.

[Jating]

I'm not sure if you we can call it a bull-run though. It's just a bounce and we don't know if this is another bear trap being set-up by manipulators. I guess everyone have seen this pattern before, sideways for a long time and then a break out run.

But instead of a bull-run, it was just a trap and in the next 3 days or so, another sell-off occurs and manipulators and speculators book their profits before anyone can analyze and understand what happened.

[pooya87]

there is a huge difference between daily fluctuations and a bull run. what you see here is the daily flucatuations not a bull run. a bull run is when price of bitcoin reaches $5000 at least not when it is only rising less than 10% and is still below the major resistance at $4k.

all the rest of the altcoins you see rising are just the market responding to the USD value equivalent going up otherwise if you check the altcoin BTC value which is the important one you can see they did not change at all.

[eaLiTy]

not a bull run...
so its too early to scream bull. as the hashrate part of the dynamic may just be a temporary blip

I understand the fact that it is not a bull run but i was not aware of the hash rate dynamics in this run, but it is pleasing to the eyes to see the market recover after weeks to bear market and it is interesting to see how the market will carry on for the next couple of days and if it can sustain the gains without much dumping in the market i would consider this as a good sign for the recovery.

[MainIbem]

Let's just keep calm and wait. The real run will come when it will come.

Or are we now predicting the date of the next buul run? The expectation is very high.

[Kakmakr]

Sorry to cause some panic, I just bought my monthly coins for my Crypto currency portfolio.  ^joke^

Seriously, we have seen many of these small spikes and nothing in comparison with what we have seen with the previous Bull run, so this is nothing to get too exited about. 

It will probably hover around $3600 for a short while and then dip below $3300 again. <This has been the latest Bitcoin price trend for a while now>