Are we back to the bull market?

[MCobian]

With the current price of Bitcoin rising to $ 12,700, I am optimistic that the bull market has arrived. I also believe Bitcoin's rise is not
a manipulation by whales. My prediction Bitcoin will continue to rise until the end of this year, so my advice is to hold the Bitcoin that
we have. Don't sell at current prices, if you want to take profit, just sell the Bitcoin we have as much as 50%. So we are still holding
some Bitcoin, to anticipate that if the Bitcoin price continues to rise, we can still enjoy profits.

[1714247593]

1714247593

[Clark05]

The bitcoin value is possible to reach that  $12k because a lot of investors now are buying the bitcoin.
I believe bull run already started this year when the bitcoin reached $10k we need to push it more so the price will reach again the value of 20k dollars. There is a lot of thinking of when bull market happen but be happy of what already achieve of the bitcoin for this moment.

[DoublerHunter]

Ultimately I'd say we're in a bull market but I would expect some corrections ahead the US election will possibly sour markets as well as the global economy falling which might bring crypto down with it for a brief moment then we will ride!

^ Stock market was already starting down as you see but crypto market or bitcoin price did not have a sign of possible correlation to the current situation of the US, the upcoming US presidential election. I am not surprised because I am expected that this will happen after a short correction last week that was around the $10k range in the market. But still, we have to be careful of this, there is probably a chance that the price will drag down again due to the said reason for the upcoming election.

[Shasha80]

It seems positive that Bitcoin has returned to the bullish trend, and now Bitcoin is at the price of $ 12,900. It looks like in a few hours
it will hit the price of $ 13,000 and it is also possible that later this year Bitcoin will hit the price of $ 19,000 again. I will hold on to the
Bitcoin that I have, I will only sell Bitcoin which has about 30% of the total Bitcoin that I have if Bitcoin is able to touch the price of $ 13,000.

[Jating]

It seems positive that Bitcoin has returned to the bullish trend, and now Bitcoin is at the price of $ 12,900. It looks like in a few hours
it will hit the price of $ 13,000 and it is also possible that later this year Bitcoin will hit the price of $ 19,000 again. I will hold on to the
Bitcoin that I have, I will only sell Bitcoin which has about 30% of the total Bitcoin that I have if Bitcoin is able to touch the price of $ 13,000.

Surprised to see the price hitting $13k and almost 8% gain in 24 hours as per Coinmarketcap. I'm still not selling half of my stash though, I have my target price before selling 50%.

It's good to see the we are in a bullish sentiments right now, I'm still trying to understand what fuel the sudden rush of investors whether old or new to push this gains in a day. Even some alts are also moving together with bitcoin. Earlier it was just bitcoin, and I suspect that because of the Defi burst, investors are shifting again. But it's not the case as alts are also gaining even more than bitcoin right now.

[Adhar]

A few moments ago, BTC crossed 12k$. Many analysts said, if we cross 12k$ we will be back to the bull market. What do you think? Is it a fake out or we are back to the bull market?

i think btc growing up from now. i am not expert but anything can happen in next one month. american election coming & thats why price will be effected. it will be dumped. so many confusion are ahead,but i wants to back 2017 bull run.

[verita1]

We broke the 13K and now we go for the 14K. Sounds great is what Bitcoiners have been waiting for a long time.
Bitcoin has disrupted money and will be with us forever no matter what others say.
Guys, enjoy your profits. Bitcoin returned with the price hitting ATH at $ 20,000 as in 2017.

[thecodebear]

I mean, we've been in the long term bull market since April 1, 2019. So we're a year and a half in. Sure we got a global pandemic panic crash in March of this year that makes the long term chart look funky, but that's just a black swan event in the middle of the early stages of the long term bull market. We're on an temporary upswing for now. At some point it'll probably correct back to $11,000s. But as has been the case since BTC hit $5000 18 months ago, the market cycle trajectory continues upwards. I don't expect things to really get parabolic hot until 2022, but I expect next year we'll start seeing new ATHs and the floor of the market moving up through the teens as the market starts getting closer to that parabolic phase.

[KennyR]

A few moments ago, BTC crossed 12k$. Many analysts said, if we cross 12k$ we will be back to the bull market. What do you think? Is it a fake out or we are back to the bull market?

i think btc growing up from now. i am not expert but anything can happen in next one month. american election coming & thats why price will be effected. it will be dumped. so many confusion are ahead,but i wants to back 2017 bull run.

Maybe the market is prepared for a bull trend with accordance to the US election scheduled for the falling month. The growth we've been experiencing right now can get carried forward or else can drop based on the election outcome. What we experience right now is just a trend cause and not the pure bull market.

[Taskford]

A few moments ago, BTC crossed 12k$. Many analysts said, if we cross 12k$ we will be back to the bull market. What do you think? Is it a fake out or we are back to the bull market?

i think btc growing up from now. i am not expert but anything can happen in next one month. american election coming & thats why price will be effected. it will be dumped. so many confusion are ahead,but i wants to back 2017 bull run.

Maybe the market is prepared for a bull trend with accordance to the US election scheduled for the falling month. The growth we've been experiencing right now can get carried forward or else can drop based on the election outcome. What we experience right now is just a trend cause and not the pure bull market.

Why we relate the election to the bitcoins price fall? I don't see any strong point on that matters since how it could change the mindset of the people while the e cryptocurrency goes in different path maybe in some scenario it affect but I think it's coincidence only. I'm not gonna buy it for now and Iet see the result if the price would really fall before or after the election.

[Spaffin]

Why we relate the election to the bitcoins price fall? I don't see any strong point on that matters since how it could change the mindset of the people while the e cryptocurrency goes in different path maybe in some scenario it affect but I think it's coincidence only. I'm not gonna buy it for now and Iet see the result if the price would really fall before or after the election.

There is a high probability that under Biden's presidency, the cryptocurrency market will not face obstacles, as it is today because of Trump. Any negative statement by the President of the United States, today, towards cryptocurrencies, entails negative consequences. In addition, according to sources, Biden still finances his election campaign with the help of cryptocurrency, although this fact is not particularly advertised and information on this matter is not disclosed by Biden's team.

[Inkdatar]

We broke the 13K and now we go for the 14K. Sounds great is what Bitcoiners have been waiting for a long time.
Bitcoin has disrupted money and will be with us forever no matter what others say.
Guys, enjoy your profits. Bitcoin returned with the price hitting ATH at $ 20,000 as in 2017.

This is good news that the bitcoin price broke the 13k level. The adoption in this industry is growing so indeed this is the most users waiting to happen and I believe more surprises to watch in crypto. So, seeing the status right now is giving a bullish market, in my own opinion.

[tippytoes]

We broke the 13K and now we go for the 14K. Sounds great is what Bitcoiners have been waiting for a long time.
Bitcoin has disrupted money and will be with us forever no matter what others say.
Guys, enjoy your profits. Bitcoin returned with the price hitting ATH at $ 20,000 as in 2017.

This is good news that the bitcoin price broke the 13k level. The adoption in this industry is growing so indeed this is the most users waiting to happen and I believe more surprises to watch in crypto. So, seeing the status right now is giving a bullish market, in my own opinion.

Bitcoin is really doing great despite of the pandemic. And with the integration of crypto in PayPal, we will expect more adoption of crypto usage. If more and more institutions or merchants will start accepting crypto in their payment system, the adoption will indeed increase and so its demand in the market is very imminent. For those who don't believe the capability of bitcoin, maybe this is the time to change your stance towards btc and start educating themselves about the real benefits brought about by crypto. I think other countries which are still banning the usage of crypto will also change their position when it comes to crypto.

[Viscore]

Hopefully yes. Probably BTC can cross $14k in this week. BTC pumping means market pumping. Market pumping means good profit. 

Bullrun will depend on you because $10k for me is bullrun already.
Well, I'll be expecting more pumps to come as Defi projects declining where many investors are moving back to Bitcoin. The market volume is started to build up higher and higher and that is keeps the momentum back then.

And those who buy Bitcoin during the drop off to below $11k is never in regrets. But I would like to encourage them to still hold it, it was pretty early to sell coz it possible the price will move a few more bucks in this Christmas season.

[LUCKMCFLY]

It is subjective, because volume may be the determining factor in this case, now the value that institutional money prints may influence it, the whales are beginning to make a lot of purchases, but it may be now or at any time the price rises, the Millionaire wallets still show the same numbers.



Source: https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

[aioc]

It is subjective, because volume may be the determining factor in this case, now the value that institutional money prints may influence it, the whales are beginning to make a lot of purchases, but it may be now or at any time the price rises, the Millionaire wallets still show the same numbers.

I think it has something to do with this news
Payments Giant Paypal Says Its Customers Can Now Buy and Sell Bitcoin

Payments giant Paypal says its customers can now buy, sell and hold bitcoin and other virtual coins with the company’s online wallets. The company also says its customers will able to use cryptocurrencies to shop at the 26 million merchants on its network starting in early 2021.

SO far this is one of the biggest positive news this year, 26 million merchants is such a huge number it open the community to a lot of potential on the coins they are holding, in the past we have to convert our Crypto to PayPal or use our credit card.

[AjithBtc]

Hopefully yes. Probably BTC can cross $14k in this week. BTC pumping means market pumping. Market pumping means good profit. 

Bullrun will depend on you because $10k for me is bullrun already.
Well, I'll be expecting more pumps to come as Defi projects declining where many investors are moving back to Bitcoin. The market volume is started to build up higher and higher and that is keeps the momentum back then.

And those who buy Bitcoin during the drop off to below $11k is never in regrets. But I would like to encourage them to still hold it, it was pretty early to sell coz it possible the price will move a few more bucks in this Christmas season.

People moving back to bitcoin with the profits made out of DEFI might be a reason for the same. As per my prediction what I see with the growth of bitcoin is quite a common growth in accordance to the market demand. Everytime the year end used to provide with a bigger growth which used to get carried forward towards 2021.

2020 is much expected one for the growth of bitcoin and other cryptocurrencies. For some reason I find the expectation is getting fulfilled.

[X-ray]

A few moments ago, BTC crossed 12k$. Many analysts said, if we cross 12k$ we will be back to the bull market. What do you think? Is it a fake out or we are back to the bull market?

i think btc growing up from now. i am not expert but anything can happen in next one month. american election coming & thats why price will be effected. it will be dumped. so many confusion are ahead,but i wants to back 2017 bull run.

In my opinion if the election brings nothing for the price of bitcoin and the pump is still happening right now caused by the paypal's effect. There are so many speculators have already started to accumulate bitcoin as their long term investment.
It's quite difficult to be dumped again without any reason.
you will be going back to the 2017's pump again in the future but it will much better as the growth will be sustainable compared with pnd that happened in the crypto last years.

[Hypnosis00]

...

In my opinion if the election brings nothing for the price of bitcoin and the pump is still happening right now caused by the paypal's effect. There are so many speculators have already started to accumulate bitcoin as their long term investment.
It's quite difficult to be dumped again without any reason.
you will be going back to the 2017's pump again in the future but it will much better as the growth will be sustainable compared with pnd that happened in the crypto last years.

It didn't take that much effect on the market trend but of course, it adds some market uplifts. What I suspected a lot of this massive growth is many investors are moving back into Bitcoin after experiencing a tragic loss in Defi. Because if we look into the past weeks where Defi projects are in hypes, Bitcoin also suffers declines and that it started to rise as Defi projects make a declining scheme.

This could be more interesting to see, the 4th quarter seems to be all good. Even in the past years, we can see that the last quarter of the year leaves a better trend and makes every crypto holders become profitable.

[cryptomaniac_xxx]

A few moments ago, BTC crossed 12k$. Many analysts said, if we cross 12k$ we will be back to the bull market. What do you think? Is it a fake out or we are back to the bull market?

i think btc growing up from now. i am not expert but anything can happen in next one month. american election coming & thats why price will be effected. it will be dumped. so many confusion are ahead,but i wants to back 2017 bull run.

In my opinion if the election brings nothing for the price of bitcoin and the pump is still happening right now caused by the paypal's effect. There are so many speculators have already started to accumulate bitcoin as their long term investment.
It's quite difficult to be dumped again without any reason.
you will be going back to the 2017's pump again in the future but it will much better as the growth will be sustainable compared with pnd that happened in the crypto last years.

For me the US Election could have a impact on the market, whether positive or negative, but will be just short term though, not that it will affect the price when we enter 2021. Maybe we can see an imminent bull run regardless of the elections for all we know. And the thing is that if FOMO is in, it is very hard to stop.