Bull Run or Bull Trap

[princehandsome]

I believe the bear market is over and this is not a bull trap because you can see the price of Bitcoin can continue to grow even though it is slow. This is the right time to buy Bitcoin and I assume if the price of Bitcoin can reach more than 15K in this year. If you feel this is a bull trap then you should make the choice not to invest, because there is no prohibition, friend.

[Wysi]

I feel this cannot be bull trap because it's not only the value of bitcoin which has increased but the value of other altcoins as well, if the past when we had bull traps they were limited to bitcoin. We need to be very active these days in order to get benefitted from it, bullrun was expected at later part of the year but not sure what is causing the bull run so early which makes us feel like it might be a bull trap.

[Pamadar]

I believe the bear market is over and this is not a bull trap because you can see the price of Bitcoin can continue to grow even though it is slow. This is the right time to buy Bitcoin and I assume if the price of Bitcoin can reach more than 15K in this year. If you feel this is a bull trap then you should make the choice not to invest, because there is no prohibition, friend.

Optimistically views this certain movements is not what we call a bull but a corrections. Bull is a real pumped hard where the value of coin will rise quickly and continuously while the one that we are experiencing is not like that. It's the cycle that can gives opportunities to all those people who are desiring to earned from this market. Assess and entrust your money where your knowledge belongs.

[arwin100]

I believe the bear market is over and this is not a bull trap because you can see the price of Bitcoin can continue to grow even though it is slow. This is the right time to buy Bitcoin and I assume if the price of Bitcoin can reach more than 15K in this year. If you feel this is a bull trap then you should make the choice not to invest, because there is no prohibition, friend.

Optimistically views this certain movements is not what we call a bull but a corrections. Bull is a real pumped hard where the value of coin will rise quickly and continuously while the one that we are experiencing is not like that. It's the cycle that can gives opportunities to all those people who are desiring to earned from this market. Assess and entrust your money where your knowledge belongs.

Apparently I don't expect for bullish trend to come this early and maybe this is just been hype for certain events and maybe it's best for us to be more careful since any movement for today is much unpredictable and we are not in the zone yet since there are certain particulars will happen first before we enter on glory days. And for this cycles maybe it's bad for us to watch the market activity and maybe it's best to join on the flow since the movement for now is solid and profitable for day trades.

[Pelunize12]

but if we look at chart, $ 8,000 hasnt broken the resistance. it can't indicate that bull run will happen shortly
at least the resistance broken, then we can consider others aspect.

$8k is not a resistant for bullrun to be consider because remember we have almost touched 14$ last year and what more this year that Bitcoin Mining Halving is coming?i think the resistance must be atleast 5 digits again to be considered as bullrun.

I mean this downtrend line, at least it must be broken before bull run happen.
the near resistance is around $ 8,300 - $ 8,500, I have a hope this pump would break that.

[zeze18]

I feel this cannot be bull trap because it's not only the value of bitcoin which has increased but the value of other altcoins as well, if the past when we had bull traps they were limited to bitcoin. We need to be very active these days in order to get benefitted from it, bullrun was expected at later part of the year but not sure what is causing the bull run so early which makes us feel like it might be a bull trap.

Bull run is not started yet because when the bull run is coming, whales are gonna all in and the price would jump so high in a long time like more than a month i'm sure. So, people will hype and create the news by media to spread the world about the cryptocurrency price and i'm sure that will be hook many new investors

[Landak]

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 just now you decide that you want to buy, why not when the price drops yesterday. if you buy it now and it turns out it's just a bull trap then you will lose and regret it.
if from my point of view this is indeed a bull sign but I think this looks like a trap, I could have guessed wrong. you doubt it, I also doubt it but I already bought a few coins long before the price of bitcoin went up like today so if indeed a bull trap I can still get a profit "take profit no cut loss"

[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?

why just now you decide that you want to buy, why not when the price drops yesterday. if you buy it now and it turns out it's just a bull trap then you will lose and regret it.
if from my point of view this is indeed a bull sign but I think this looks like a trap, I could have guessed wrong. you doubt it, I also doubt it but I already bought a few coins long before the price of bitcoin went up like today so if indeed a bull trap I can still get a profit "take profit no cut loss"

There's totally nothing to regret even if the current surge is a bull trap because the market will later recover when halving effect take place.
@olumyd, the suddenly bullish is normal but the market will also experience some dump in price until it a couple days before halving before we can experience the real bullish market and now might the last chance to buy it dip.

[fullhdpixel]

Bull traps are not this high, normally when there is a bull trap it will eventually stop after a while and price would go down, for example just recently after the high of 8 thousand price went back to $7.5k levels, if it went down a bit more and reached $7k and I was writing here I would have said that run towards upwards was a bull trap and some people bought it.

However, since that drop turned out to be nothing and price is now over 8 thousand after months of being under 8 and even saw under 7 for a little while, it is easy to say it was a bull run and will probably continue by the sentiment of the public right now, everyone is cheering and loving the way it is going up which would eventually turn into many people with FOMO buying bitcoin and increasing the price even more.

[TEX-LXRY]

It is too early to tell if this is a bull run or bull trap. I am biased that there is a slight change in sentiment and the bullish sentiment will continue throughout the year, especially post halving. Let us do our best to positively drive crypto adoption further.

[bamboylee]

The price is moving too fast. I have a feeling that this is just a trap again. The whales might dump on us once this price hits 9K.

There's totally nothing to regret even if the current surge is a bull trap because the market will later recover when halving effect take place.

That is what you actually regret, getting trapped. Nothing worse than getting your money trapped for a few months before breaking even.

[Hamphser]

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?

It never crossed in my mind that bull trap would happen with the recent pump. I think it's not since it's been two days since the pump started. All of the tension in the US and Iran war is more likely making the market to boost just like this. Although i think it's the right time to sell some if some of them are planning to short in trading then buyback if the price would go under.

[altcointalk14]

it looks like this is a bulltrap because prices have gone up too high and bitcoin prices will drop again below 8000

To say it is a bull trap, the price would have to go back to around $7200. This is not happening, so we can't say that yet.
In my opinion, this is not a bull trap, because everything indicates that these are natural price grows caused by the threat of an armed conflict between Iran and the United States.

[disconnectme]

We are not yet in a bull run, bull run means when the price keeps going up perpetually, and again this is not a bull trap, we are around the bottom for now and can see one or two pull back before we ride the Bitcoin halving sentiment

[longyenthanh]

We are not yet in a bull run, bull run means when the price keeps going up perpetually, and again this is not a bull trap, we are around the bottom for now and can see one or two pull back before we ride the Bitcoin halving sentiment

About what bottom are you talking about? Because in my opinion the bottom was at the level of $3k ..?
Bull run is not only skyrocketing, but simply a prolonged price increase with minor corrections. If you follow the charts from the last two months, then you should agree with me that we can be at the beginning of the bull run.

[Teraboy]

but if we look at chart, $ 8,000 hasnt broken the resistance. it can't indicate that bull run will happen shortly
at least the resistance broken, then we can consider others aspect.

$8k is not a resistant for bullrun to be consider because remember we have almost touched 14$ last year and what more this year that Bitcoin Mining Halving is coming?i think the resistance must be atleast 5 digits again to be considered as bullrun.

I mean this downtrend line, at least it must be broken before bull run happen.
the near resistance is around $ 8,300 - $ 8,500, I have a hope this pump would break that.

$8300 resistance already broken by bitcoin last night but the correction has already occured again as the bulltrend has reached its short term peak price. Just hope the current pump will be more than the pump that has already happened in 2019. It looks like bitcoin must break 14 again to make sure if this is a big bullish trend. The fundamental of bitcoin looks good and there is no problem with it at this time.
Just hope it can happen very soon.

[marcous]

If the price of Bitcoin is too high and the chart indicates that there is a double or triple top it is better to wait for a correction I guess. maybe some people are really afraid if left behind. But still, be careful because it is unlikely the price will continue to move up. for correction it is very possible, to let alone the increase occurred more than 7% in 1 day.

[gielbier]

we cant say that the current happening on bitcoin price is already a start of a bull run,  for me there is a high chance that its only a bull trap.  Bitcoin will only touch 8k then it will drop again.

What you said is true, bitcoin in 1 week touched the highest price of 8300$ and is now at 7900$. Maybe this is still the beginning to say if bitcoin is in a bullrun position because prices are back down within a few hours.

[TWW]

why there are still people think the movement of the crypto market is a trap. I don't think how long they were in the crypto market when they saw a pump and the correction was a trap. crypto market as far as I know from the beginning of crypto is like that. the ups and downs have become commonplace and we only need to study and take chances to get profit.

[MINISTR_E]

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?

Well, I don’t think that we are rising from the bottom, in any case, another half a quarter before halving, then we'll see how sudden the bitcoin market will be.