Will 2017/2018 Bullrun repeat in 2021?

[Wexnident]

If we're solely basing it on history, then yes, there's a possible chance that the bullrun would happen around early to mid 2021. Not to mention that various companies have shown favorability to Bitcoin as a store of value, investing their company stocks into it, and let's not even mention how Grayscale has kept buying out Bitcoin recently these past few weeks. Still, anything can happen, it's also the reason why Bitcoin is well known as a highly volatile market. You never know what piece of news can actually affect the demand of people for it.

I'm guessing that once Bitcoin breaks around $13-$14k, you can expect to see a few signs of whether the market would actually hit a bullrun or not. Most people are actually expecting it imo, since really, every halving the market has always shown significant growth, so a lot are probably expecting the same this year.

[peter0425]

Is this the beginning of most awaited Bullrun which we have been expecting and speculating all these while? As there is been no major dumps and most of the altcoins are performing above average, Bitcoin has cemented it's spot above $10,000 with $10,000 being lower range which was really difficult to achieve all these years.

Possibilities are always there mate because this market has proven that for how many times and the recent is 2017 in which we have recorded the Highest price Bitcoin and many altcoins also.

Kindly share your opinions whether this is an indication of bull run or else a trap wherein whales are trying to cashout at peak which might send one more shock waves across market?

Nothing can be certain mate because remember that in the past month we have already stays in 11k$ value yet made a fall bellow 10k and come back after a while,no one knows if this is correction or what.

[livingfree]

at 250k a coin, I can't wait for the expression on the face of everyone else who FUD BTC and then when it drops to say 50K a coin as the next low but 2.5 x the last high.

They would even be sad looking at bitcoin if it reaches $50k-$100k.

Those are the target prices of most, I guess. I have my plans of dropping for some with those prices and will let go from my holdings. We may see the same type of bull run but it's unknown if it will start by 2021.

Can happen by 2022 and so.

[Lucius]

Is this the beginning of most awaited Bullrun which we have been expecting and speculating all these while? As there is been no major dumps and most of the altcoins are performing above average..

Let's not forget that we already had an identical situation when the price reached $12k (Aug 10, 2020 / Sep 01, 2020) and that there was strong resistance. It is possible that the same thing will happen this time, but in my opinion it is much more important that the price stays above the psychological limit of $10 000, which will only strengthen the position that Bitcoin has had for several months.

As for alt (shift) coins, in top 20 (CMC) only 4 are in green, others are down from 1% to almost 8%...

[Upgrade00]

As for alt (shift) coins, in top 20 (CMC) only 4 are in green, others are down from 1% to almost 8%...

I'm guessing you meant *shit coins, currently looking at coingecko about 7 of them are in green from the last 1 hour, the increase ranges from 0.1% to 0.9% so the new entries probably just moved within that range as Bitcoin gets closer to $12k mark, if Bitcoin does break the $12k barrier, I would expect a number of alt coins to equally follow rise temporarily, with more investors FOMO'ing into bitcoin and the crypto market in general.

As I mentioned in a reply some days back, I would get really excited (bullish) when Bitcoin builds a stable position above $12k. Over the past 3 months we have only broken through once around August and the price immediately dropped back below the resistance.

[ethereumhunter]

We are still left with 2 months and 10 days in this year

Everything can happen in 2 months later, and hopefully, the bitcoin price can surge to the high price and make new ATH. We are all curious about how high the bitcoin price will increase and hope that the price can touch more than $20k. If that happens, we can recover all of our losses before, and we can make a lot of money from the bull run. But it seems we need to be more patient because the bull runs still on the way, and we don't know when the bull run will really come.

[bitgolden]

Those days bitcoin became much more than just a financial thing, it wasn't just a currency, those days bitcoin was a viral hyped product all over the internet, not just we the people who are interested knew about it, it was everywhere, it was on social media that the globe knows like facebook or twitter or instagram and what not, but it was also on national ones as well, the ones that your nation uses in your language but not globally know, it was everywhere, on television with news showing how much it increased that day as well, and basically all around everything was bitcoin this and bitcoin that.

For that to happen we need to have a viral hype once again, it is more than just us that can do that, it would require the whole globe to actually be interested all over again.

[BrewMaster]

As for alt (shift) coins, in top 20 (CMC) only 4 are in green, others are down from 1% to almost 8%...

in other words the market is acting as it has always been acting. bitcoin goes up in price a little bit, the traders abandon their altcoin bags and rush to bitcoin market causing all of the altcoins to crash some of them harder than others.

with that said i think we are seeing the start of the next major bull run that will continue all through 2021 to set the new historical record.

[exstasie]

Most people don't realise that it won't take alot of money to bring Bitcoin to a new all time high. The overall market cap of Bitcoin is actually very low. Currently we are sitting at $220 Billion. And stocks like Apple are valued at $2 Trillion. Now I understand that most people know what Apple is and most people don't know what bitcoin is so you can't compare the two. However it didn't take alot of buying in the last year or so to bring Apple's marketcap from $1 Trillion to $2 Trillion.

Basically it was FOMO. And the same can happen with Bitcoin and other alts like Ethereum.

It's not so much about market cap, but spot market liquidity. Basically, the Bitcoin market is already quite illiquid. During bubble times like 2013 and 2017, exchange supply dries up even further as investors HODL and refuse to sell their coins.

People often think bubbles are all about FOMO (which we can think of as demand), but they are just as much (probably more) about investors refusing to sell. When there is absolutely no supply on the market, that's when FOMO buyers can push prices to the moon. And that's why indeed, it won't take a lot money to take BTC to a new ATH.

[Jating]

As for alt (shift) coins, in top 20 (CMC) only 4 are in green, others are down from 1% to almost 8%...

in other words the market is acting as it has always been acting. bitcoin goes up in price a little bit, the traders abandon their altcoin bags and rush to bitcoin market causing all of the altcoins to crash some of them harder than others.

And that's always been the case, no disrespect to altcoin holders out there, bitcoin was steady around $10k++ for what more than 60 days and altcoins are pumping that time. Now the tide has change, altcoins are being dump, investors going back to safe haven - bitcoin. That's always been the pattern so altcoins holders shouldn't forget that.

Yes, altcoin will have its bull run, but it will coincides with bitcoin's bull run no matter what. It can't sustain the run by its own without bitcoin's investors. And thanks to Defi hype, which much burst in the next coming months, and after that investors moving to bitcoin again to fuel the next bull run.

[suzanne5223]

Is this the beginning of most awaited Bullrun which we have been expecting and speculating all these while? As there is been no major dumps and most of the altcoins are performing above average, Bitcoin has cemented it's spot above $10,000 with $10,000 being lower range which was really difficult to achieve all these years.

Kindly share your opinions whether this is an indication of bull run or else a trap wherein whales are trying to cashout at peak which might send one more shock waves across the market?

This could be an indication of a bull run or trap and what I can now is that nothing is certain despite the cryptocurrency market posing a good strength for the bull run market if we concern about the factors that might impact the bull trap of the market which are the economic status and conflict happening lately in some countries around the world which could lead to FUD.

[sheenshane]

I think we're almost there, Bitcoin broke the $12k price months ago and I think it is possible to increase beyond that price next year or expect a bull run within this year.  There plenty of speculation regarding the price of Bitcoin and the most anticipated is to have a bull market next year and supposedly this year is in a bull market right after the Bitcoin halving but it seems the market is not yet ready.

Anyway, according to the Tytan Twitter tweet, Bitcoin price will repeat itself and it will double the price like what happened in the year 2017.
https://twitter.com/Tytaninc/status/1315492868509761538

[samcrypto]

I think we're almost there, Bitcoin broke the $12k price months ago and I think it is possible to increase beyond that price next year or expect a bull run within this year.  There plenty of speculation regarding the price of Bitcoin and the most anticipated is to have a bull market next year and supposedly this year is in a bull market right after the Bitcoin halving but it seems the market is not yet ready.

Anyway, according to the Tytan Twitter tweet, Bitcoin price will repeat itself and it will double the price like what happened in the year 2017.
https://twitter.com/Tytaninc/status/1315492868509761538

Actually we are trying to break that resistance level again and its good that Bitcoin was able to rise again despite of many negative news this year. I'm also a believer of "History repeat Itself" tagged line and I know bitcoin can make it in time, maybe on the last quarter of 2021. We heard so much good prediction with bitcoin, the market is reacting good with that and as of posting we are back now to the level of $12k and I hope to finally sustain this level until the end of the year.

[Saisher]

I am very excited to see the outcome if history will repeat itself, I was still a newbie on the last all time high and has no decent portfolio back then, I gained experienced now and holding a lot of good coins in my portfolio and this next bull run will give a dramatic change in my life not to mention I am in a campaign where I'm getting Bitcoin payout, I'm sure many of us here are as excited as I am.

[maydna]

I am very excited to see the outcome if history will repeat itself, I was still a newbie on the last all time high and has no decent portfolio back then, I gained experienced now and holding a lot of good coins in my portfolio and this next bull run will give a dramatic change in my life not to mention I am in a campaign where I'm getting Bitcoin payout, I'm sure many of us here are as excited as I am.

Many people predicted that history would repeat itself, and perhaps, we will see a new ATH in the next bull run. We always hope that when the bull run comes, the price can start the rally and jump to the new highest price.

That is good if you have many good coins in your portfolio, but that will not guarantee if your coins will get the time to increase when the bull run comes. It is still difficult to know which coin will increase later because every coin will have the same opportunity to start the rally. We can only prepare by buying the coin that we predict it has a chance to increase, so we need to analyze more to find that coin.

[kentrolla]

If it maintains above 10k for few more weeks then there are possibilities of a bullrun it is very possible that a bull rally is close on the way, if we break down I think 9k is a very good buy in the dip.

Indeed things are looking good so far also I believe the US elections could play a major role before the election results, as the survey of the winner look like seasaw game anytime changing if we have a clear winner then I don't think there may not be any impact, let's see how it goes until then Hold, Hold, Hold..

[rhomelmabini]

I was to question the title of the thread and I guess excluding 2018 there because we really never taste bull run during that year. From $10.1k on Jan 2018 it goes all the way down to $3.6k on Dec 2018, just my two cents.

Well, that's still speculation it maybe done this year as it hasn't last yet but if this year isn't the bull market then we could expect it will be the next one. All of this is pure speculation but I believe it will happen again breaking the previous ATH. Right now, if we could break the past resistance and make it a new support for the next week/s or month/s then it may safe to assume we could even break ATH this year.

I am very excited to see the outcome if history will repeat itself, I was still a newbie on the last all time high and has no decent portfolio back then, I gained experienced now and holding a lot of good coins in my portfolio and this next bull run will give a dramatic change in my life not to mention I am in a campaign where I'm getting Bitcoin payout, I'm sure many of us here are as excited as I am.

Better brace yourself and don't be late on the FOMO. Unless we break the famous dickish prediction of McAfee of $1M/btc, that for sure will be the most dramatic scenario you/we could ever get. Sad to say the greatest FOMO artist in the crypto space has been indicted and now facing charges.

[pooya87]

Many people predicted that history would repeat itself, and perhaps, we will see a new ATH in the next bull run. We always hope that when the bull run comes, the price can start the rally and jump to the new highest price.

history has been repeating itself already!
you shouldn't just look at the end of the bull run and only call that "repetition". but you should look at the entire transition from the bubble (the one before last at $1200 back in 2013) to the bear market then the prolonged bear trend and a longer accumulation in 2014 and 2015 respectively and finally the start of the slow rise in 2015 and start of 2016 that led to that final fast and big bull market of 2017.

so far everything from 2013 to 2016 has been repeating very similarly from 2017 to 2020 even the time-frame (3 years) is the same!

[Vishnu.Reang]

Every argument has two sides to it. Those who predict a bull run claim that it is due in the next 1-2 years. They claim that the current prices are lower than the fair valuation, and a spike was due after the block reward halving. But at the same time, there is a real chance of a bearish movement. A lot of people have accumulated BTC in 2020, expecting a bull run. In case this doesn't realize, then we may witness a massive dump. And this can take Bitcoin back to four-digit prices.

[Fredomago]

Every argument has two sides to it. Those who predict a bull run claim that it is due in the next 1-2 years. They claim that the current prices are lower than the fair valuation, and a spike was due after the block reward halving. But at the same time, there is a real chance of a bearish movement. A lot of people have accumulated BTC in 2020, expecting a bull run. In case this doesn't realize, then we may witness a massive dump. And this can take Bitcoin back to four-digit prices.

Anything is possible around this space, the point here is to do your own research and anticipate on your own, it's not that you just followed anyone's predictions.

If you want to stay positive and you want to be compensated make sure to deal with deeper research and learn how to read each patterns to avoid making mistakes that will affects your investment.

Good to see that the current market is really moving favorable to the holders,
just need to work more on how to exit out and rebuy after.