Is the Next Bitcoin Bull Run Started?

[bitcoinikdotcom]

Bitcoin is now trading above $7200 and continue to rise from the last two months. Bitcoin is now trading above 50 and 100 weekly MA which is known as a bullish sign. The golden cross has already happened (daily 50 MA crosses 200 MA).

Bitcoin has 14 green weekly candles in the last 17 weeks.

Even after the Tether, Bitfinex fud and Binance hack the price continue to rise.

Is the Bitcoin bull run started?

What are the main leading factors of this bull run?

[peter0425]

No factors besides people just wake up and started to buy bitcoin. That's why bull run is, despite negative news, the market will continue. However we see some resistance at $7400, pulling back the price to $7200 now.

[Adriano2010]

Right now the price is under 7300$ and earlier was over 7500$, we can't be sure 100% that a bull run already started, we need to wait more before bull run in my opinion.

[talkbitcoin]

obviously!
all the FUD about Bitfinex and the hack of Binance have been huge negative forces that actually pushed the price down but the reason why price didn't go down was because of the much stronger buy force that acted against that push and crushed it.
a good lesson for all those who tend to keep going against the market and get crushed.

[edisystem]

Yeah, i think this is the beginning of bull run market. Like as you said, even after all these FUD, bitcoin still stay strong and even increase so high like what happened right now.

Let's see how long this situation hold, if the price can hold it and not go down anymore then the bull run is started.

[pakhitheboss]

I have No, doubts that the Bull run has started and by the end of this year Bitcoin will reach a new all time high. I do not know the reason besides halving. I only know one thing that the market no longer gets affected by Negative news. Which means that no matter what happens you will see a new high by end of this year.

[yoseph]

It's really amazing about how all of a sudden, the value starts to pick up and now we have some so called "experts" who are claiming that the current bull run has the capability of reaching $400K but i say that we should reach the previous high value of $20K first and then see how things go on from there.

[iqlimasyadiqa]

Yeah, i think this is the beginning of bull run market. Like as you said, even after all these FUD, bitcoin still stay strong and even increase so high like what happened right now.

Let's see how long this situation hold, if the price can hold it and not go down anymore then the bull run is started.

Hopefully the increase in bitcoin prices at this time will maintain stability and allow the price of bitcoin to remain strong. because usually when there is a rapid increase, it can also trigger a rapid decline as well. what I hope for is that the price of bitcoin can experience good stability so that it is not easily affected by various things that can destroy the price of bitcoin quickly.

[Lucius]

~snip~

I honestly expected that this run will stop much earlier, but bitcoin is always full of surprises. The fact that even bad news does not affect this run tells us just one thing, someone buys a lot of bitcoins. At the beginning of April this year someone is buy 20 000 BTC at once by using 3 exchanges with $100 million, what caused jump from $4200 to $5000 in less then one hour. If this is indeed bull run we know when it started, and we know that whoever is buying is have hundreds of millions of dollars to spend.

If I had to bet on someone who is behind this, my bet would be Fidelity who will start cryptocurrency trading in the near future. This is company who is having $7 trillion in assets, and this is like value of all gold in the world.

If this is bull run, we should see $10 000 before this month ends - but we should always be aware that people are not only buying, but also selling. I wonder what would one big dump done at this point.

[cointraderr]

It's really amazing about how all of a sudden, the value starts to pick up and now we have some so called "experts" who are claiming that the current bull run has the capability of reaching $400K but i say that we should reach the previous high value of $20K first and then see how things go on from there.

I do agree with you. Jumping (buying) in this bull run is also not a good idea, as this is the point where people who have bought BTC at 3000 USD are selling.

Warren Buffett. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful

[klaaas]

Bears will keep on fighting and harder on the way up. The steep speed it gos now will become a challenge to keep up when the most people have bought in. It amazes me we already made it up to these levels and how its going the last few days.

[||bit]

Bitcoin is a very hard market to predict. It is very volatile and everything can happen.

But i must say thing looking good nowadays. Bitcoin raised more than %100 after hitting the bottom. And even major news like binance hacked didn't disrupt its pump. However most of the money coming from the alts not outside of the market.

Still, my guess is, we are at the beginning of new btc uptrend. And this will be very strong.

[rodel caling]

No factors besides people just wake up and started to buy bitcoin. That's why bull run is, despite negative news, the market will continue. However we see some resistance at $7400, pulling back the price to $7200 now.ek

Demands are the cause of price increase after the worse situation of bitcoin because of the fuds speculation  trends then the market will go down because some people quick selling their bitcoin.
The price increase is very surprising to all of us yes because harder to predict when bitcoin goes uprise as volatile currency. Hoping this green sign stroger and stable to go into bull run and let's monitor the price increase.

[Genemind]

I'm sure it is. I believe that the market situation is getting even better so it's on it's way to the bull market.
I have no doubt because the market has been really active and it has shown us a lot of proof that it could give us the best value this year. People are also expecting this crypto season and it's the perfect time for us to accumulate more.

[okala]

was wondering that could it be the paused in withdrawal and deposits on binance that may be responsible for this recent steady increase in the price of bitcoin, because bitcoin indicated the real bullish nature four days now continuously and if you check still about the same period the binance hack that lead to the paused in withdrawal and deposits happens. Although bitcoin have been increasing in price but on a slow movement compared to what we have within this four days now just my imagination any way and we are all happy the bull run is here again.

[lupinvn]

There is no specific news that confirm the uptrend of Bitcoin and Cryptocurrency. But I think with the "Bull run" during last 3 days, I feel it is happening now. Its really amazing that the price just go up 10-20% per day and Bitcoin dominant account for more than 57% (thats a huge gap will affect others altcoin). Yes, we can see that the price of Altcoin has dramatically felt since the BTC price up. And I think the uptrend will happen when Altcoin Price has its recover.

[Golftech]

Leading factors are those investors, old and new are now buying and holding coins inside their wallets, they are not being bothered to sell as the flow to keep rising up still the trend right now, there's no any big news to spark and move each investors to buy in and take their positions, it's the highly anticipated reactions each time when rush buying is ongoing people loves to Fomo.

[Duzter]

There is no big factors behind the ongoing price increase. This in one form seems to be a bull trend, but the market hasn't started to move on the perfect bull market. With the bull market of 2017 we experienced similar growth pattern. There was sudden price pumping reaching close to $10000 when people were predicting it to reach $6000-$8000, further small price dip took place and then once again the market got pushed reaching the ath. Similar will be the growth this time.

[buwaytress]

Keeps getting higher even as we speak. No one saw this coming, no way, not even the most bullish of analysts and traders. All of yesterday, I saw bull channels close at 6500 and some perhaps even risked 6800 but not one of them saw 7k coming so no way today's 7400.

Has the next bull run started? Nah, just so much missing indicators outside of price. Few solid points to support price. Volume being the most obvious.

[Moshaid]

Even with the recent attacks surrounding major cryptocurrency sector bitcoin is still proving strong which shows the coin has lot of potentials beyond the fud that has been spread towards it for the past few months. Although at a point their will be some correction but still the weak will panic and sell while the strong ones will be the ones to benefit more at the long run. Even those that predicted bitcoin will fall below 2k$ some months back are amazed to see this and with how things are going now we definitely going to see more growth in price in few days time