Bitcoin is officially about to enter bull market, guys your thoughts...

[chichidori]

Its too early to tell since the price always fall when btc tries to get a momentum upward, my guess its more of a bull trap rather than a bull market.

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[jhonjhon]

Well it only means it is okay to be positive about bitcoin because it is showing a good trend but we can’t really say for sure if it will continue to rise in the coming years, we all know that bitcoin is always like this it will show a good trend but for some reason it will go down all of a sudden with no specific reason why. Lets just enjoy what we currently have and wait about the future.

[AakZaki]

I went through this article and this looks quite interesting one, look at the waves for me it looks like there is a positive trend. Hopefully after two years Bitcoin seems to enter bull market. Guys kindly share your thoughts are we nearing to the bull run???
~snip~

Actually the bullish market has been confirmed since a few months ago, and it looks like you just realized that.
But you need to be careful like I did in my technical analysis for the short term as the price of bitcoin will be corrected and remain on the bullish path for the long term.

Weekly and monthly resistance has been reached at the highest line indicating that the correction is very possible.
So take the best decision before you experience a loss.

[maxreish]

Yes, bull run is coming! Today btc's price is $9,500, this is actually a good sign after so much suffering from bear market I am positive now. The trend is going upward though I still see some small dumps in my technical analysis but hopefully it will continue to grow until $12,000. Let's see about that. Just don't expect too much. Afterall, this market is so volatile.

[jhonjhon]

It's a bullish first month, that's it, judging right away it a very immature way of judgement.
We should definitely look at the long term, maybe a 3 months period would be a good basis since halving is going to happen the next month.
If this is just all about the hype of halving, this market would correct after the halving, hopefully I am wrong.

Exactly, that is why most people got confused more because of this. Bitcoin works best in a long term thus, the good price we are seeing now may not be a sign of having a bull run. We all know that bitcoin can be very unpredictable we might see and incredible increase in the past few days but we really don’t know what’s gonna happen in the next few days.

[BitHodler]

Bitcoin works best in a long term thus, the good price we are seeing now may not be a sign of having a bull run. We all know that bitcoin can be very unpredictable we might see and incredible increase in the past few days but we really don’t know what’s gonna happen in the next few days.

It depends on the strategy you apply, but the least risky form is buy low sell high. If you have a long term time horizon, you will do well but it will take a lot of patience and dedication because of how irrational markets can be.

The bear market that followed after the 2013 bull run was exhausting and I'm sure a lot of people gave up on Bitcoin because of how long it took to get back above the ATH, which to some degree is understandable.

Bitcoin back then wasn't as fundamentally important as it is today, so currently it should be a whole lot easier to sit through bear markets and actually use that to accumulate as many coins as possible by applying dollar cost average.

[redsun114]

It's a bullish first month, that's it, judging right away it a very immature way of judgement.
We should definitely look at the long term, maybe a 3 months period would be a good basis since halving is going to happen the next month.
If this is just all about the hype of halving, this market would correct after the halving, hopefully I am wrong.

Exactly, that is why most people got confused more because of this. Bitcoin works best in a long term thus, the good price we are seeing now may not be a sign of having a bull run. We all know that bitcoin can be very unpredictable we might see and incredible increase in the past few days but we really don’t know what’s gonna happen in the next few days.

And even we can never forget the big whales which already have accumulated onto the markets. These big whales are the ones who posses higher amount of bitcoins onto the exchanges and they could even create false bearish or bullish trend like patterns just to make us have faith in the markets. This case is already be experienced several times and that's what keeps making the markets unpredictable ones.

Big whales are the ones who might be most wise and for their own individual profits, they might create any fake patterns which can look like real ones. They only have to manage some of their buy and sell orders which indeed would create false patterns and once they fill their bags with profits, they would leave the markets on their own conditions which might even breakout a bearish trend.

[ultrloa]

It's a bullish first month, that's it, judging right away it a very immature way of judgement.
We should definitely look at the long term, maybe a 3 months period would be a good basis since halving is going to happen the next month.
If this is just all about the hype of halving, this market would correct after the halving, hopefully I am wrong.

Exactly, that is why most people got confused more because of this. Bitcoin works best in a long term thus, the good price we are seeing now may not be a sign of having a bull run. We all know that bitcoin can be very unpredictable we might see and incredible increase in the past few days but we really don’t know what’s gonna happen in the next few days.

We can see on histories that this scenario is pretty normal on some aspects, but we cannot tell right now that we are in bull run stage since we cannot diffenately tell the future  but if the pump continue to go up until 3 - 4 months then maybe we can set our position to hold for long term but for now maybe it's good to play on the market volatility to earn.

[Latviand]

I went through this article and this looks quite interesting one, look at the waves for me it looks like there is a positive trend. Hopefully after two years Bitcoin seems to enter bull market. Guys kindly share your thoughts are we nearing to the bull run???

https://www.newsbtc.com/2020/01/27/bitcoin-is-officially-about-to-enter-a-bull-market/amp/

We are on the level of $9k again and bitcoin should not dump again to confirm the bull market and let’s not hope that this is just a short pump. As many says, this year is for bitcoin and cryptomarket so let’s wait if that is true or just another hype to us. The article says it all, but time can only tell and still bitcoin should break the $10k level.

Dumps cannot be prevented or stopped because it is a part of the market value volatility. It is really good to see that the market price is now rising again after a slight downfall recently. Well maybe, this is a clear sign that this year would be the recovery period for cryptos especially Bitcoin from being downed last time which tooked the interest of most of the investors away from investing into cryptos. But still, there's no assurance of such thing and being careful still with our actions is more advisable.

[Febo]

Bitcoin is officially about to enter bull market, guys your thoughts...

If it entered it entered a month and half ago on 18th December. Price was $6700 and now is $9400. Quite a jump in this 6 weeks. Nice 40% gains.

[Gozie51]

Its too early to tell since the price always fall when btc tries to get a momentum upward, my guess its more of a bull trap rather than a bull market.

In my view here, it might not be a bull trap. We have barely 4 or 5 months for halving and the speculation is that it will help bitcoin to appreciate. So even if market traps someone now on the momentary bear, it will be over soon when market will turn green when market starts to bull again because of halving.

[boltz]

We're close but not close enough as halving is still some months away and we're still under 10k$ even if we have a nice buy support around 8.7 - 9k$ so this is a reason to stay calm for now and maybe try to accumulate more cryptocurrencies. I rushed twice with prediction of Bitcoin going into bull run in November and December last year so for now I'm just waiting for it to happen...so maybe this little wake up won't be different that last 2 of them.

[hello_good_sir]

What is even meant by "officially enter bull market"? Is there some sort of official figure that is calling the shots or am I missing out

Jokes aside, most traders imo have been preparing for this upcoming bull market. People understand that prices are going to rally as we get closer and closer to the halving, and there is very little room for BTC to maneuver downwards because of the fact that $7k has been tested several times now as a support level and each time prices came close to breaching it, it rebounded right back up.

So it's not like it's unexpected or anything of that sort. It's totally expected, it's just that there hasn't been a lot of activity in the market right now. I expect things to change though as we get closer to May.

[kraiwoc2]

It seems to me that we can't talk about bitcoin only as a speculative currency. Bitcoin is the most advanced and modern technology at the moment, which is of great interest around the world. But this is all at the development stage. This means that anything can happen. therefore, a standard view of the market here will not help to predict further price changes.
I also believe that the price will be higher soon, but I build my forecast on the analysis of what is happening in society and in the world in general.

[sana54210]

There would be no doubt in expecting bull runs this year. The markets are really started showing us some growth which itself indicates the signs of the bullish trends. Until these 2 past years, the prices for each of the coins were running into some small movements and we never saw bitcoins crossing the resistance levels these past 2 years but from the start of this year, we saw a great movement in the price of bitcoins.

Moreover, the first month of this year itself brought some positive signs in the price of bitcoins which might be the start of the bull runs. If we consider graphs on higher time limit like 2 days to 1 week, we could see that the price already is in the dip and would start growing anytime.

[milewilda]

I went through this article and this looks quite interesting one, look at the waves for me it looks like there is a positive trend. Hopefully after two years Bitcoin seems to enter bull market. Guys kindly share your thoughts are we nearing to the bull run???

https://www.newsbtc.com/2020/01/27/bitcoin-is-officially-about-to-enter-a-bull-market/amp/

Sometimes reading up these kind of sentiments do really boost up some feels towards the market specially with BTC. We've been in ups and downs for 10 years
and we do experience the horrible dumps/corrections and also been taken to the heaven when the market go to its peak.
Giving out my thoughts? I cant really conclude things up because it do just stress me out and i do rather go with the flow no matter what would the trend is.

[buwaytress]

let them exaggerate the movement but if they fail and lose this is not our call but theirs,people can easily speculate in every market movement but we must be cautious guys because market is unpredictable and manipulation can be done in short time so if we don't take precautionary measures?for sure we will be one of the victims as there are so many issues like this before.

The way I see it, there's always going to be new people entering the speculative market every day, or even new people learning about Bitcoin every day. They're getting younger too, and from a different generation. They probably know better than to believe these guys. But if they do, power to the influencers.

As long as the ones from yesterday like us wisen up, things are moving along as they should.

[STT]

I always consider that base dynamic first, rising population and a general cross section not the specialised interest like myself who to some extent were always looking at projects like this.   I dont matter, Im middle of the road and not rich or with big funding so I'm not moving the needle for BTC but when you have educated qualified and to some extent wealthy indivuals who join Bitcoin and have a use for it then it really does matter even if they have no personal technical knowledge on the protocol workings.
   To really talk about bull markets and so on we need to see waves of the economy Bitcoin operates to build up with layers from technically involved to general usage by passing trade.    When you have doctors and lawyers in BTC then its really breaking ground or just anyone, it doesnt have to be the elite but I presume millions start to join when you have various trades now able to use and gain from BTC utility.
   After all that comes the price and hopefully its no longer just about speculation but observation of a natural phenomena which is people themselves and the offset of more people is the tiny amount of holding each does in a wallet raises demand vs supply and price is forced up to some extent.   The bull market is incidental not on purpose exactly.

[Oasisman]

We're close but not close enough as halving is still some months away and we're still under 10k$ even if we have a nice buy support around 8.7 - 9k$ so this is a reason to stay calm for now and maybe try to accumulate more cryptocurrencies. I rushed twice with prediction of Bitcoin going into bull run in November and December last year so for now I'm just waiting for it to happen...so maybe this little wake up won't be different that last 2 of them.

Same thoughts here. As long as the price is under $10,000  it's still considered as a good entry point considering that we're expecting something big while approaching the Bitcoin block halving. I'm still in a neutral side when someone is posting about the begin of a bullrun while Bitcoin is still trading below $10,000.
If we are going to look back how Bitcoin reacted from the last 2 halving, we're still far from having a bull in the market, since It occured a year after the halving of 2012 and 2016.

[fullhdpixel]

Honestly, I am quite happy that bitcoin can finally make some people happy, sure there is many things that make bitcoin great, the decentralization, the blockchain, the transactions, the trustless system, basically everything about bitcoin is great but at the same time having a high price wouldn't hurt neither, so even with the idealist in mind and all the great things that crypto has over regular fiat and yes screw the system bla bla, having a big price point is also amazing because it shows how much of a valuable thing that we created together.

Hopefully, we will also have many good altcoins that will have some twist difference from bitcoin and current altcoins that will further this and have good prices as well, we need a whole crypto market to go up not just bitcoin itself.