Reaching $7000 so can we confirm the bull run?

[joshy23]

I don't know I still not dare to consider this as bull run although the rising is good but I think its too fast, and there are no reasons behind this rising which makes me a bit cautious, usually a rising like this could end up with pretty bad correction, hopefully this will trigger big companies to adopt so we can decrease the pullback effect

The right mindsets to use is to always have a backup plans, with how the market runs so fast and bring the value to this high, if this is just another
trap investors should have a good assets management so it can lessen the potentials of losing a lots of money and still moving forward whatever
the trend will bring the industry.

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[Umkar]

The bull market has just returned for a long time of dominance of the lower market, so I think that the price of $8000 was an intermediate mark before further growth. Now the market has adjusted a little, but very soon the growth will continue.

[Kemarit]

Ok, it looks like like the price went as high as $8000 when the OP open up this thread. But now a retracement did occur and we are back to the $7000 levels. Of course we all love to have a good run and pushed the price much higher. But this market is very unpredictable, we all know that we have 2 major negative news last couple of weeks but still the market wasn't affected.

But the tables have turn, there is no news that I'm aware of that could have trigger this sell-off. So another wake up call that we can't really say if the price will continue to grow or falter at some point. So let's just wait for this minor correction so settled down in the next days or so.

[traderethereum]

The bull market has just returned for a long time of dominance of the lower market, so I think that the price of $8000 was an intermediate mark before further growth. Now the market has adjusted a little, but very soon the growth will continue.

That will be happening later, and we need to be patient.
All the things we saw this day will replace with the green candle tomorrow and the next days, and there will be a new highest price for bitcoin.
We will reach $8k again, and this correction is trying to prepare for the next big things that might happen in the next week.
We could stay calm to see the market is going down for a little and make preparation.

[Genemind]

It has reached more than $7000 but it's still crashing down so we can't confirm that it's on its way to bull run. As per my observation, the market has not yet fully recovered from its downfall last year and still trying to soar completely.
There are still things that are yet to come and to happen before the bull run.

[Ipwich]

It has reached more than $7000 but it's still crashing down so we can't confirm that it's on its way to bull run. As per my observation, the market has not yet fully recovered from its downfall last year and still trying to soar completely.
There are still things that are yet to come and to happen before the bull run.

We still have plenty of time to recover, the dip yesterday was a complete correction but this would not be long because IMO this year is destined to be bullish. Bitcoin has been dump a lot of times, but this is a great coin that leads the crypto market, so it's success will be the success of legit alts as well and we have shown the support this year, so let's use that support and believe that we are due for a big change, from bear to bull.

[Yaunfitda]

It has reached more than $7000 but it's still crashing down so we can't confirm that it's on its way to bull run. As per my observation, the market has not yet fully recovered from its downfall last year and still trying to soar completely.
There are still things that are yet to come and to happen before the bull run.

We still have plenty of time to recover, the dip yesterday was a complete correction but this would not be long because IMO this year is destined to be bullish. Bitcoin has been dump a lot of times, but this is a great coin that leads the crypto market, so it's success will be the success of legit alts as well and we have shown the support this year, so let's use that support and believe that we are due for a big change, from bear to bull.

The price is slowly gaining ground in the last couple of hours, it went as low as $7k, but now the price is climbing to $7.3. So yes, this was just a correction and we don't need to panic as this point.

So it this continues, I'm expecting another run at $8k-$8.4 again. So for me, we are still in the bull-run and could push the price around 5 digits at the end of the year.

[Jating]

It has reached more than $7000 but it's still crashing down so we can't confirm that it's on its way to bull run. As per my observation, the market has not yet fully recovered from its downfall last year and still trying to soar completely.
There are still things that are yet to come and to happen before the bull run.

We still have plenty of time to recover, the dip yesterday was a complete correction but this would not be long because IMO this year is destined to be bullish. Bitcoin has been dump a lot of times, but this is a great coin that leads the crypto market, so it's success will be the success of legit alts as well and we have shown the support this year, so let's use that support and believe that we are due for a big change, from bear to bull.

The price is slowly gaining ground in the last couple of hours, it went as low as $7k, but now the price is climbing to $7.3. So yes, this was just a correction and we don't need to panic as this point.

So it this continues, I'm expecting another run at $8k-$8.4 again. So for me, we are still in the bull-run and could push the price around 5 digits at the end of the year.

It looks like we will temporarily stuck around $7300 for now as the price is not not moving in the last 24 hours. So this could be the lowest low we will see before we finally had some breakout run again and hopefully push the price above $8k-$10k at least.

Right, we are indeed in this sort of mini bull-run, but the real bull runs is to be expected next year prior or after the block halving, imho.

[CryptoNurse]

I still think this is temporary and we will seen another pull back

[beerlover]

We can't confirm that we're on the bull run period Bitcoin is just still on the process of recovering. It has to go higher before we could confirm that the bull run is really here. However, I belueve that good days are really comming for us since Bitcoin has even reached $8k which is surprising.

The price achieved is not surprising, but the length of time it was achieved, that's surprising.
Prepare for the pull, possible daw, but don't panic, instead by the dip again as eventually bitcoin will rise because of the bull run.

Hahah, I really need to know the point at which we will be okay to satisfy this movement as bull run, because you have said again that we should prepare for the bull run, we have several times we have been confirming bull run, I am sure by the time we get to $9000, some people will still say they are waiting to confirm bull run, I just need to know the exact definition of bull run, not the one different people are busy confirming and nonconforming bull run at every value they see.

To me, I fee bull run is when we started seeing abnormal increase in the price of bitcoin, which started from April because prior to April, we have been very slow in climbing the bitcoin bullish step.

[Distinctin]

I still think this is temporary and we will seen another pull back

Possibly, the market has been very unpredictable, despite the bullish movement now, we still cannot disregard this possibility.
However, it seems like we had a pull back a day before and price movement now is recovery going up again, glad we are stable at $7,000 and then seeing some rise today. I'm enjoying it, and I won't worry if it will dump again as I just say it's capable of rising.

[Rooster101]

The price of the bitcoin is now above $8000 but I notice that the uptrend this year is slower compared to the bullrun in 2017. The present price might slide into correction before reaching another level, the $9000. Cryptocurrencies are unpredictable so nobody know exactly if these present price rally will lead to another all-time high. Bullrun is still possible but not because it reached $7000, it because of some positive developments that may help boost the price of the bitcoin further.

[shesheboy]

No need  .  The bull run did already happen when bitcoin reaches 5-6k usd but now the value is over 7kusd and its heading to 8-9kusd soon . This bull run thingy is only based ony own price goals but idk if other users have a higher standards and they still dont consider the current price as an official bull run  .

I notice that the uptrend this year is slower compared to the bullrun in 2017.

No meyt the uptrend this year is i think more faster compare on the year 2017 because on the first and second quarter we witnessed that bitcoin is increasing actively while on the year 2017 bitcoins price started to increase and pump on the mid 3rd and last quarter   .

[Adriano2010]

Yes this is a bull run indeed but is far away from what was on bull run on 2017 and i think we need to wait a way more until we can have a strong bull run and a new ATH for bitcoin.

[Noilee]

It seems like the bull run sign for me, the price bitcoin went up from the price $3200 in the beginning of January and now the price has been going up again until reach $8000 at the current time. If it's just correction from the crash sometime ago then I couldn't imagine that the reach $8000 just for a while. I hope this is not just a correction but it's the sign for the bull run because some good news has pupped up and it will make the price continues to high, I only look at the fundamental side.

Its confirm now, as we compare on few months ago, the price is been just only not more than $4k, so as the days come its so fast to increase until now, so we can say that the bear market is actually done. I believe the bull run is still continue until the end of this year.

[Barbut]

It seems like the bull run sign for me, the price bitcoin went up from the price $3200 in the beginning of January and now the price has been going up again until reach $8000 at the current time. If it's just correction from the crash sometime ago then I couldn't imagine that the reach $8000 just for a while. I hope this is not just a correction but it's the sign for the bull run because some good news has pupped up and it will make the price continues to high, I only look at the fundamental side.

Its confirm now, as we compare on few months ago, the price is been just only not more than $4k, so as the days come its so fast to increase until now, so we can say that the bear market is actually done. I believe the bull run is still continue until the end of this year.

Its a bull run, no doubt in that. I just doubt its a bull run we all have been waiting for, this rise will stop soon and we will see a decline, probably. Bull run that will takes as to new all times high will happen next year, or the one after the next one. Its too early now, i`m thinking that for some time, too early, price can surprise us I know, but I feel its too early for new all times high.

[arpon11]

There is huge price trend change on the crypto market and the prices almost doubled now from the prices of beginning this year,we almost had $1000 price increase in the last 24 hours alone so can we confirm now that no more bears for now even the corrections?

Any TA experts confirm it.

The bull run was confirmed when bitcoin crossed $4250 because that complete the $3190 and $4150 channels and many of us has said here that the bullish trend has commenced though we were reprove by those that did not know how this market works and what do trigger the reversal direction. Currently billions is above $8700 and this a little point of rest and very soon maybe before end of this week the next strong push towards $10,000 will begin.