Bulls need time

[btcmegastar]

We shouldn't lose our patience towards cryptocurrency after buying them, so it is always good to have faith in the cryptocurrency because bull will come back and start pumping the coin but how long it will take nobody don't have any idea about it. So it is always good to have faith in cryptocurrency.

[1714752017]

1714752017

[1714752017]

1714752017

[1714752017]

1714752017

[Jating]

Bull still in control. Some bearish action was expected, in fact needed, the RSI was super extended. We held the exponential moving averages on the daily and we are just forming a higher low compared to 3900$. We might possibly see an equilibrium pattern but we are very likely to just see continuation since the whole market is still looking strong.

Thank you for you insight.

And that's what I'm looking as well in this week. We touched another important mental barrier which is $5300, but it was not sustainable and we went to < $5k. But the price still looks strong at the $5k'ish now so definitely the bull is still in control of the market and looks solid at $5k-$51xx.

[GreatArkansas]

We need volume. Huge volume so that bears will be taken down, we need huge volume to climb above $6,000 level and after that, if we can hold above $6,000 level, it could be the start of the bull market. If the RSI will stay above the overbought, it needs volume then, we need more buyers than sellers, bulls than bears.

[semobo]

We need volume. Huge volume so that bears will be taken down, we need huge volume to climb above $6,000 level and after that, if we can hold above $6,000 level, it could be the start of the bull market. If the RSI will stay above the overbought, it needs volume then, we need more buyers than sellers, bulls than bears.

Literally that is called bull run,they questions is when it will happen? I think we are already in the bull run for over a month or so since the price growth looks positive for long time.

[sakokinak]

indeed, to wait for the bull run to come it takes quite a long time like in 2017, so if I think the year that will be a bull run is the year to come and many people will convince it

I guess that many people do not wait for the bull run. Some of them decided to quit trading. Another group of wise people is looking for methods to earn on crypto in any market situation.

[suzanne5223]

The recent spike was not due to whales moment. We later found that 3 investors bought bitcoin for milliaons respectively. Around $1k spike in 2 days really overwhelmed everyone who was holding it for more than 15 months. This spike has brought the other altcoins to their next level as well.

The surge on price was absolutely not from the because it would surge past the $5000 price if the whales are involved but saying 3 investors was the reason behind the green trend in the market is what I don't agree with you because if the mentioned investors was indeed the reason for the surge the market demand won't be strong enough to maintain the $5000-5500range.

[mirakal]

indeed, to wait for the bull run to come it takes quite a long time like in 2017, so if I think the year that will be a bull run is the year to come and many people will convince it

I guess that many people do not wait for the bull run. Some of them decided to quit trading. Another group of wise people is looking for methods to earn on crypto in any market situation.

I bet you are wrong with that, there's still many people who are still waiting and that includes me.
I am proud to say that I have held this long, my balance in my portfolio dropped already but I believe the crypto will recover.
Bitcoin now is bullish, I thin the bull run started already, and so as many people also think like I do.

[XinXan]

indeed, to wait for the bull run to come it takes quite a long time like in 2017, so if I think the year that will be a bull run is the year to come and many people will convince it

I guess that many people do not wait for the bull run. Some of them decided to quit trading. Another group of wise people is looking for methods to earn on crypto in any market situation.

I bet you are wrong with that, there's still many people who are still waiting and that includes me.
I am proud to say that I have held this long, my balance in my portfolio dropped already but I believe the crypto will recover.
Bitcoin now is bullish, I thin the bull run started already, and so as many people also think like I do.

You shouldn't look at it like that. We, normal people, make up like 1-2% of the market, big players are the ones deciding where the price goes. Certainly the number of normal people investing in cryptos was huge in 2017 with the bull run however those only came after the bull run start, the bull run wasn't started by them it was started by the big players.

[LUCKMCFLY]

One potential worrying factor for the sustainability of this impressive bitcoin rally is the fact that the weekly Stochastic Relative Strength Index (Stochastic RSI) refuses to go down from a very overbought level. Instead, it only moves sideways while still maxed out

Well I have a different perception to what you speak, I never use the RSI, it is a good indicator, but I do not trust, I believe that the market moves a lot by the emotions of the operators, or what they cruelly call the LAW OF THE OFFER- DEMAND, the Bulls always execute their plan of action, they usually have a lot of time to make their movements, since they have time and money, they can protect their positions because of it. According to analyzes based on Wyckoff's theory, we are currently in a market whose phase is Accumulation, and at some point we will have the Bullish trend phase to reach the Distribution phase since it is the best phase to sell.

[JohnBitCo]

We need volume. Huge volume so that bears will be taken down, we need huge volume to climb above $6,000 level and after that, if we can hold above $6,000 level, it could be the start of the bull market. If the RSI will stay above the overbought, it needs volume then, we need more buyers than sellers, bulls than bears.

Volume will only come in crypto when there are many use cases or there is a Fomo that bitcoin price will be going towards all time high. We have seen price gradually moving up because institutional  investors are gathering the bitcoins at cheap rates now.

When Baktt platform is live and at the time ETF is approved, we will see big volume , as that will be the time when everyone will jump into crypto.

[hahay]

We need volume. Huge volume so that bears will be taken down, we need huge volume to climb above $6,000 level and after that, if we can hold above $6,000 level, it could be the start of the bull market. If the RSI will stay above the overbought, it needs volume then, we need more buyers than sellers, bulls than bears.

Volume will only come in crypto when there are many use cases or there is a Fomo that bitcoin price will be going towards all time high. We have seen price gradually moving up because institutional  investors are gathering the bitcoins at cheap rates now.

When Baktt platform is live and at the time ETF is approved, we will see big volume , as that will be the time when everyone will jump into crypto.

Agree, that platform will make more investors and certainly will push the crypto market to continue to grow bigger, so with a good move in the second quarter I am sure there will be good news to come. I am very optimistic this is the beginning of the bull even though currently the price of bitcoin is still stuck to continue to soar even further.

[ololajulo]

Last one week are seeing more discussion about the bitcoin price bump but no one sharing their experience faced such as making fund on the bull run rally.
Have some fund on wallet at the same time keep some money in trading to keep it evolved and how it can be make utlized well in the peak time.

Quick trading when the price is pumping can be tempting cause of the little profit but can also be quite risky. Personally, I'm very much skeptical in leaving my Bitcoin in any exchange why I wait for for any increase in price. Moreover, not any little pump is worth trading and buying.
With what happened in Bithumb exchange recently, I don't advise anyone leaving their coin on any exchange. No one knows when an hack will occur.

One needs to be sure his strategies are good in bull market, when the price is going up, trading is risky. Nobody knew the correction wont go back to $4500. So one might see more cases in the year, so it demands a smarter move at this time to make some profits and remain in the trade.

[dominos]

The recent spike was not due to whales moment. We later found that 3 investors bought bitcoin for milliaons respectively. Around $1k spike in 2 days really overwhelmed everyone who was holding it for more than 15 months. This spike has brought the other altcoins to their next level as well.

The surge on price was absolutely not from the because it would surge past the $5000 price if the whales are involved but saying 3 investors was the reason behind the green trend in the market is what I don't agree with you because if the mentioned investors was indeed the reason for the surge the market demand won't be strong enough to maintain the $5000-5500range.

I would rather see a bit of pullback and defend of $5k price level and see even bigger accumulation phase - if that will come true there would be more positive effects in future - healthier uptrend.

[Yaunfitda]

The recent spike was not due to whales moment. We later found that 3 investors bought bitcoin for milliaons respectively. Around $1k spike in 2 days really overwhelmed everyone who was holding it for more than 15 months. This spike has brought the other altcoins to their next level as well.

The surge on price was absolutely not from the because it would surge past the $5000 price if the whales are involved but saying 3 investors was the reason behind the green trend in the market is what I don't agree with you because if the mentioned investors was indeed the reason for the surge the market demand won't be strong enough to maintain the $5000-5500range.

I would rather see a bit of pullback and defend of $5k price level and see even bigger accumulation phase - if that will come true there would be more positive effects in future - healthier uptrend.

The $5k price level has been defended very well in the last couple of days. We see the price went as high as $5300 on some exchanges, followed by a bit of correction, but it seems we are back at $5k-$5150. So again, I consider this the new low price for bitcoin.

And this could indicate that we will see more healthier uptrend in the coming weeks as the market conditions are really improving.

[rodel caling]

Another factor that cannot be stopped is reducing the supply of bitcoin.
this can be a cycle that cannot be stopped and bitcoin will continue to rise.
many predict this.

Yes correct bitcoin cannot be stop for continuing cirle being digital currency, many people predicting bitcoin future because they also believe the capability of bitcoin to guve us again anothe bull run, but for yes we need to wait mire time just be patience the right is on the way.

[Shinpako09]

Bulls need time but others wants or expect a bulls every year. We all want it but they should accept the fact that it won't going to happen. They are just thinking of profit but they aren't think of, do they afford to buy at a high price, I guess not, so bears aren't that bad. Price pull back a few hundred of bucks but still maintaining at $5k so still fine.

[AjithBtc]

Bulls need time but others wants or expect a bulls every year. We all want it but they should accept the fact that it won't going to happen. They are just thinking of profit but they aren't think of, do they afford to buy at a high price, I guess not, so bears aren't that bad. Price pull back a few hundred of bucks but still maintaining at $5k so still fine.

Even the present market situation is almost bullish, because after price fluctuation there is some minor growth in the price of bitcoin, and the same is being experienced over each and every altcoin that are connective to bitcoin. Anytime the market could change abruptly marking its bull trend for a long time with large level variation in growth.

[Dilladupak]

if I think you have also traded krypto for a long time, then you also know when krypto price movements are better, recently there has been a pretty good bitcoin price surge, because I believe the future of bitcoin will also be more advanced in the future.

[Dreamchaser21]

Bulls need time but others wants or expect a bulls every year. We all want it but they should accept the fact that it won't going to happen. They are just thinking of profit but they aren't think of, do they afford to buy at a high price, I guess not, so bears aren't that bad. Price pull back a few hundred of bucks but still maintaining at $5k so still fine.

That’s how the new investors want, they want to take profit always but it’s not the reality because the price will always fluctuate. Bulls will come when the bear is over and when there’s enough volume for the demand. The cheaper price is not that bad, its a buying time so you can earn if the bull started to work.

[gabmen]

Bulls need time but others wants or expect a bulls every year. We all want it but they should accept the fact that it won't going to happen. They are just thinking of profit but they aren't think of, do they afford to buy at a high price, I guess not, so bears aren't that bad. Price pull back a few hundred of bucks but still maintaining at $5k so still fine.

That’s how the new investors want, they want to take profit always but it’s not the reality because the price will always fluctuate. Bulls will come when the bear is over and when there’s enough volume for the demand. The cheaper price is not that bad, its a buying time so you can earn if the bull started to work.

Yeah, it's mostly new players who are all too eager to welcome bulls. I mean, i believe there will be a bull market but i'm not expecting any time frames. You just open yourself to disappointment if you make such rash expectations.