Are We Witnessing The Start Of Another Bull Run?

[JessicaVL]

In early April, we saw Bitcoin’s latest rally of nearly $1000 in just over an hour, taking altcoins along for the ride, namely Ethereum, Ripple and Litecoin. This price surge saw with it trading volumes compared to those witnessed at the peak of the previous bull market.
Read more here: https://www.cryptofish.com/blog/are-we-witnessing-the-start-of-another-bull-run/

[cabron]

I would just think of it like someone feels the FOMO the first and bought a lot of BTC before it hits his $10K target. But it could be the start and the obvious bullrun may happen in the mid December of this year. A long wait but perhaps the most satisfying if it goes back to $19k once again.

[pushups44]

No one knows for sure if we are back in a bull market, because that will depend on future price action. We could have another dip back to the lows, or maybe we will continue going up, which would indicate we are in a bull market. As time goes on, we are more likely to be in a bull market.

[Adriano2010]

This can be a sign before a bull run but i think we need to invest with precaution because no one can guarantee that a bull will come soon, so best wait to see if is indeed a bull run or just a grow.

[Haunebu]

I highly doubt it. This is just a mini rally by the entire crypto market and I am not expecting an insane bull run anytime this year. Bitcoin will most likely settle in the $7k-$8k range by the end of the year.

2020 seems like the year for the next big bull run due to the upcoming halvening event in my honest opinion.

[antisocial77]

it has started to me as well.but after a year and half, we cant believe it i think.there is already "what if" question in our minds.it means fomo is not working right now

[dothebeats]

A brief and instantaneous leap doesn't necessarily signify an upcoming bull run but it does give you a glimpse of the current market sentiment and where it could the market be heading in the next few days/weeks. As for the move on April 1st, it seems that it stimulated the market to produce a little FOMO and do something that will instigate a push, although it was short-lived and we have since stagnated on the levels where the push lost steam. I'm pretty optimistic for the next couple of weeks, though the recent movement of over 40,000BTC, which was the same coins that was bought on April 1st is somewhat intriguing and worrying.

[Ailmand]

The recent pump doesn't necessarily imply that the bull-market is coming. We can expect the price to somehow rise, however, to expect another bull-run is a little too over. It might take maybe another year or two before we witness another bull-market.

[pushups44]

I highly doubt it. This is just a mini rally by the entire crypto market and I am not expecting an insane bull run anytime this year. Bitcoin will most likely settle in the $7k-$8k range by the end of the year.

2020 seems like the year for the next big bull run due to the upcoming halvening event in my honest opinion.

I agree. Even the second half of this year is in play for us to be more clearly in a bull market, because the market anticipates future action. But a bull market will also depend on key catalysts, such as regulatory clarity and Bakkt coming online.

[Jating]

FOMO is already gone, they already sell when the price hits $53++ yesterday that's why the market suddenly turns red today. I don't see any news that will trigger a sell, except that the price is too high already and most of the speculators or those who FOMO last week sold-off.

So the price is now $5k, so are we going to see another FOMO again and make the price push to $6k-$6500?

[mk4]

Yes. We had a significant price pump just a month ago. But does it automatically mean we're in a bull market already? Heck no. Even if the price increase was 3x the recent increase, we can simply immediately drop down harder after a few weeks/months.

[alisafidel58]

Its called a bull run but it is a mild bull run. You can't compare this tun to the 2017 run where the price hit its ATH. The run this year us just normal because of the of it bearish market that lasts for so many months. There will always be a bull run when there is some major adoption that has been going on within the bitcoin ecosystem.

[Beerwizzard]

In early April, we saw Bitcoin’s latest rally of nearly $1000 in just over an hour, taking altcoins along for the ride, namely Ethereum, Ripple and Litecoin. This price surge saw with it trading volumes compared to those witnessed at the peak of the previous bull market.
Read more here: https://www.cryptofish.com/blog/are-we-witnessing-the-start-of-another-bull-run/

And now we are witnessing a fast fall of all those altcoins. Correction hit them harder and generally, since the beginning of the year all prices increased on the same amount (maybe altcoins even a bit less than BTC). Also the larger MC the asset  got the larger price fluctuations we gonna see. For example it is easier to resell some cheap 1$ pen for 5$ to one person but you won't be able to do it with some thousands of people.

[waynechong1995]

A long term bullrun for me is unlikely, sure its good to speculate a good period where candles are green, but when there's much speculators, combined with a heavy volumes of futures the price movements are less likely predictable in any means (at least for me, i could be very wrong). I see things pretty simple, more adoption, more users on a particular projects would grow like how stock markets did, its just these assets get super volatile on many factors, bullrun is about all greens and heaven which takes a long time for investor to finally realize the value of cryptocurrency that impacted daily lifes

[kryptqnick]

The price has been around $5k for more than a week now, and this is of course a good sign. However, what is not so good is that the trading volume keeps decreasing, and at some point it just won't be enough to support this price. As for the beginning of a bull run, I agree with others that it does not seem very likely at this point. It's great that the price seems stable around $5k, but it's not even the infamous $6k barrier yet. Who knows how much time will pass before it recovers from the Wright's fork, and moving even forward after that is probably not something we should expect to happen in the near future.

[aad140386]

we are. Perhaps this is just a correction after a long fall from 6000 to 3200 for Bitcoin and soon we will see another fall to 2500-3000 for Bitcoin or after a short flat, Bitcoin finally breaks through resistance in the region of 6000 dollars. For some reason, I don’t really believe that Bitcoin will start growing now. For some reason it seems to me that after growth to $ 6,000, we will again see a rather long fall in the area of ​​2500-3000 and after that a bull market will come, which we all have been waiting for so long.

[muslol67]

In early April, we saw Bitcoin’s latest rally of nearly $1000 in just over an hour, taking altcoins along for the ride, namely Ethereum, Ripple and Litecoin. This price surge saw with it trading volumes compared to those witnessed at the peak of the previous bull market.
Read more here: https://www.cryptofish.com/blog/are-we-witnessing-the-start-of-another-bull-run/

What happened in the last days has created a bull effect, but you need to be very careful. Bitcoin had a similar increase, followed by sharp declines. So we all have to be careful.

[passwordnow]

Nope, the sudden rise isn't a bull run. We see an unexpected pump and the market rose with a speed that we never thought of. While the market was so sluggish by that time, a probable whale triggered the quick run but I really don't think that this is the start of bull run. But, majority is happy to see that we gain another support price and that run gives everyone confidence that bull can trigger anytime.

[jakelyson]

Apparently, we are having a hard time passing through 5200, the new resistance. Unless we got past that, there will be no bull run. I think the real bull run will start when we hit 6K at least.

[leowonderful]

Could be, might not. The recent pump we had is a good step towards ending the bear market and signifies a change in things to me, though it's still much too early to be sure. RSI is currently cooling off a little bit on the 1D level (was significantly overbought before we came down from the $5400s rejection) and 1hr bbands are getting tighter on Stamp and most other exchanges, might be another significant move soon. Seems most people including me think this one's going to potentially head down under the $5000s.