Bull Run or Bull Trap

[Genemind]

I could see the movement of the market as an advantage and another opportunity for us to gain a good profit again. As for me, the market is just recovering so we can't consider it as a bull run this early. It's just part of Bitcoin's volatility where we couldn't find a stable price for it. Bitcoin's journey will always be unpredictable so we should deal with every change.

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[bitgov]

The recent movement of Bitcoin is somewhat bullish for most of the experts and technical analysts out there but still, we don't know what can happen to Bitcoin.

As I'm writing this post, the price of Bitcoin is slowly decreasing right now. It didn't hold the 8k mark for that long but I think that this decrease will be a healthy short correction and we are heading to another rise again in the next few days/weeks. I'm bullish on Bitcoin right now but still I'm careful on it.

I have the same opinion. I keep my fingers crossed for the price to rise and build a long-lasting upward trend, but I'm still concerned that whales will attack the price before halving. Let's hope that this is the end of manipulation and the market situation will finally calm down.

[Republikcoin.com]

Sudden market movements these past few days have been somewhat bullish, I know we've got the whole halving thing in view, but are we really moving out of the bear market? If so can I buy or just short this b*tch. If the latter, what's your call price?

I don't think that we are in the bull run market right now. however, this not so high rise is not something that can be said that we have come out of the bear market. however, we were at $ 10k and still consider it a bear market. for now, we need to observe what price increases are occurring. if the price increase could bring the price of bitcoin and altcoin to more than $ 8500, it might signal that we have left the bear market.

[Joyawan13]

with the bull run situation as we have seen several days we should not panic in making decisions, buying at a time like this some people might think is the right time, and some are not right, market price movements cannot be said to be stable today, because whatever which can suddenly change, so stay calm and avoid panic so you don't make the wrong decision and it will cause regret.

[StephenieDuong]

I dont think this is a bull trap, because 3 reasons:
1. Bitcoin break strong resistance 7k7 easily within few hours, no need testing this resistance.
2. Its seem all the selling force are low, this lead to many Doji in 1hour, 4 hour chart.
3. Lots of buy orders filled. This mean long term investors have start buying.

[bittraffic]

The only way to find out if this isn't a bulltrap is if we can see the price beat the ATH $20K. Should you wait for that to happen before trading or you keep buying at every dip from now on? Choice is yours.

I don't see it the end of bear as well since we are not yet seeing multiple higher lows. But the near halving is probably making this bullish.

[fortunecrypto]

Sudden market movements these past few days have been somewhat bullish, I know we've got the whole halving thing in view, but are we really moving out of the bear market? If so can I buy or just short this b*tch. If the latter, what's your call price?

Let's just say we are in a better position than what we've had 5 or six months ago or when Bitcoin was in the $6000 level, and on buying now, I think it's really up to you, if you have the means and you are investing what you can afford to lose, you can always do that anytime you want.

[JahriMeayer]

yes it seems that there are signs of bullrun but there are several steps to confirm bitcoin entered bullrun if the price rises above 8000, and if bullrun occurs it is better to buy altcoin because altcoin will follow the price of bitcoin

[suzanne5223]

Sudden market movements these past few days have been somewhat bullish, I know we've got the whole halving thing in view, but are we really moving out of the bear market? If so can I buy or just short this b*tch. If the latter, what's your call price?

The suddenly uptrend in the price of the market is something that should be expect because this have been the occasion of the crypto market when halving is coming but that doesnt mean the market is in bullish stage or trap because the market is in manipulation stage (it can experience surge and dump in price anytime).

[olumyd]

Sudden market movements these past few days have been somewhat bullish, I know we've got the whole halving thing in view, but are we really moving out of the bear market? If so can I buy or just short this b*tch. If the latter, what's your call price?

In my opinion, the price of Bitcoin is rising just because the political situation between the US and Iran is increasingly tense...

Btw, now is also a good time for the scalping traders

Did someone say scalping... That's my middle name - would love to scalp this market even more till thy kingdom come! But really, I'm more of the long term plan as far as 2020 is concerned. Thinking if I should just hedge a little while long and see where this market is headed before making any decision. Don't want to take chances like previous years.

[Johnyz]

Sudden market movements these past few days have been somewhat bullish, I know we've got the whole halving thing in view, but are we really moving out of the bear market? If so can I buy or just short this b*tch. If the latter, what's your call price?

Not a bull run and not a bull trap, this is just a short bounce back and if we reach the $10k level again, i think its not a bull trap anymore. You should bought more last year because many investors believes that 2020 is a bull year. Don’t think too much about negativity, stay positive and this is just a start.

[samcrypto]

yes it seems that there are signs of bullrun but there are several steps to confirm bitcoin entered bullrun if the price rises above 8000, and if bullrun occurs it is better to buy altcoin because altcoin will follow the price of bitcoin

Better to buy now before the bull run starts, this is expected this year and many analyst prepare for this one. Hopefully not a bull trap anymore but its more on a good pump and real up trend. Let’s wait for more price pump in the market before we conclude, its too early to say that this is just a bull trap.

[dodgrad]

We have to admit that the year has started very optimistically, and everyone on the market is very hungry for price increases. I think this will be the reason why whales will want to make a bull trap out of it. In my opinion it is too early for growth. There are still several months to halving. I think real price increases will start a month or two before halving.

[Omega Weapon]

Sudden market movements these past few days have been somewhat bullish, I know we've got the whole halving thing in view, but are we really moving out of the bear market? If so can I buy or just short this b*tch. If the latter, what's your call price?

Really difficult to know at this point, we finally got a close above 8000 which is significant and the price of bitcoin reacted immediately to it and it is still going up and it has reached 8300 however when I take a look at the charts it seem we have reached the limit of what the current movement can achieve during the next hours or even days, if this level can be maintained then the bulls may try to attack the 9000 level but if we fail at that the price could easily go back to 7500.

[hello_good_sir]

I wouldn't short.

Even if there was to be a dump, you can't time it perfectly. And taking out a short position would mean that your position could get liquidated way before you even see any signs of bearishness come back into the market, especially when BTC just breached $8k.

So no, I think this is a legitimate bull run. Perhaps this isn't the bull market yet, but this is definitely the start of one.

[Naficopa]

Sudden market movements these past few days have been somewhat bullish, I know we've got the whole halving thing in view, but are we really moving out of the bear market? If so can I buy or just short this b*tch. If the latter, what's your call price?

Really difficult to know at this point, we finally got a close above 8000 which is significant and the price of bitcoin reacted immediately to it and it is still going up and it has reached 8300 however when I take a look at the charts it seem we have reached the limit of what the current movement can achieve during the next hours or even days, if this level can be maintained then the bulls may try to attack the 9000 level but if we fail at that the price could easily go back to 7500.

I have the same feeling. Attacking at higher levels can result in a very large fall. Personally, I would prefer the rally to end up with a small correction and the chart went to the side. However, I'm afraid that everyone's mood has improved a lot and unfortunately a lot of people will fall into the bull trap. I hope I'm wrong.

[Getmon]

Sudden market movements these past few days have been somewhat bullish, I know we've got the whole halving thing in view, but are we really moving out of the bear market? If so can I buy or just short this b*tch. If the latter, what's your call price?

Why buy when the price is already rising? Are you buying high and selling low? The principle is buy low sell high. You should have bought when the prices was at the red. The prices right now are at the green already. You will be losing if your calls are only a wrong reaction to the market.

[boris singer]

I wouldn't short.

Even if there was to be a dump, you can't time it perfectly. And taking out a short position would mean that your position could get liquidated way before you even see any signs of bearishness come back into the market, especially when BTC just breached $8k.

So no, I think this is a legitimate bull run. Perhaps this isn't the bull market yet, but this is definitely the start of one.

the level of consolidation is still awake and many people want to consider choosing short if the movement starts to slow down, the sudden increase still has a correction threshold, and I think it will at least return to 7800 on the weekly closing chart, or jump directly above 9k, this trend is good enough to enlarge strengthening sentiment and minimizing the possibility to drop below 7k.

[The Cryptovator]

No one can say right now if this pump of bitcoin is begun of bull run or it's just bull trap. I am expecting this trend would go up to around $9K. If this trend continues further then we might say bull run otherwise should be at least stable around $9K zone. If btc dump again $7K zone again then obviously we can say it was just a bull trap and whales played with us. I mentioned about btc because all other altcoin most of time follow bitcoin. But if you consider overall crypto-currency markets then still we are on bear. In order to recover markets, btc should continue up trend or should stop heavy volatility. Otherwise it will very difficult to even recover altcoins.

In my opinion, some new buyers are entering on bitcoin again due Halving. We had seen end of December bitcoin was dump especially during Christmas. Because most of people sold bitcoin to celebrate holidays. So I am suspecting most of predictors believe that 2020 would positive for bitcoin price and that's why new buyer taking entry on it. If my suspension is true then we might see real bull run coming days.

[inanilujimi]

This is a good start to the year, whether it's a Bull run or a Bull trap, but now for me to personally add confidence to welcome this year out of the bear market.
There is nothing that I can confirm because this increase is still very short.