Bull run is over?

[Searing]

I don't think it's over because the market stabilised lately and we don't see big falls after that %40 around correction.

When more accumulation happens we will see next step forward. Patience is the key my friend.

Was it really 40% correction though? I honestly do not recall anything more than 30% and that was before the new ATH most recently achieved above $60k.

Accumulation is definitely picking up pace as stats even show more and more bitcoin moving out of exchanges and into permanent wallets that are not being spent at all.

I just don't see it yet. I mean we are at almost $60,000.00 USD and as far as I can tell, everyone is still 'assuming' that boom times are here with the economy

coming back from everyone 'repressing' their purchasing on food/drink/vacations/cars/etc in the pandemic lockdown. Some economists are saying 6% growth this

year alone with a more than 'hot' economy on the rebound. I myself think that "likely' the price of BTC/Crypto as a whole 'will' dump up to 30% some time, I

just don't see it as happening yet. I mean big players like PayPal and Tesla are into BTC/Crypto....and Morgan Stanely and the rest....but the small..midsized

enterprises have not 'quite' got the memo yet and are still fence-sitting IMHO. So BTC/Crypto will correct the question is from what price? $75k or $100K?

Stock to flow, model, says $100k as a flatline kinda/sorta till next halving in 2024.

So, IF you plan on HODL'ing at least till then, I'd not sell. Me, I'm accumulating BTC dust from 'attic mining' (selling stuff in the attic and getting BTC from eBay)

no real risk and it kinda sucks ..but at least I'm motivated now. I figure if it goes to $100k I'll look like a genius, if not ...well ..got a rec room.

But we have not IMHO really had the idea of 'paying for the stimulus and the economic downturn yet....and inflation is just a 'gleam' in the FED's eye

as of now. If the economy booms this year, BTC/Crypto IMHO will do well, more 'discretionary $$$' to speculate into BTC/Crypto....if not then it will be

fears of the overheated economy and inflation, etc...and BTC/Crypto should hold its own as well. If I'm wrong, and BTC price dumps 20-30% just HODL

till 2024 having and the ATH comes back again. Too many reasons to HODL not enough to 'trim' stuff off just yet. Indeed, accumulating dust on eBay

junk out of the attic is 'quite' refreshing.

Again, note my 'tagline' here on my profile. It says "clueless' for a reason.

Brad

[bitkanu]

What we see on the chart now was a normal correction and now we have price stabilization around $60k. I think it may take several weeks and we should expect further price increases, so this is not the end of the bull run.

People are too early to take their own conclusion and anything can happen with the crypto. So many times that people have been saying like that if the 4 year bearish trend will come again but it's not yet happening.
I think that OP already learned a lot from the movement that already made before. It looks like people are going to start to put their money back again to the crypto.
I hope another bullrun will come to prove if they are wrong.

[leea-1334]

Not all the time there could be rise, there will be fall as well just like how it has happened in previous years. So saying bull run over is not the right thing and now when the big players have got involved so the rise has just begun in the price. We will see it growing multiple times from here in coming years and accumulation would be key at any falls.

I think we should just let people say what they want to say. Bull run over, bear winter coming,,, but the market and the price, the trading volume and the demand from people is what matters. People are not yet over Bitcoin and fiat is deteriorating more and more, everyone wants something to keep their value. Gold is not accessible. Crypto is the next best thing.

[jostorres]

Following your statement, the chance that institutional investors involvement to this market nowadays will let the market
to keep moving smoothly.

Rise and fall may still take place while corrections and hypes will also be there to expect, it's been witness that many
investors are riding with this system.

That has been the crypto as a whole, what else do you expect? There were corrections and even bears at times, and there were hypes and bulls as well, and with the entrance of these huge places we have started to see a lot more higher movements. It  means regular people will make it go up and down a bit, maybe even as much as 20k at some times, but when the big players come in they will take it upwards again, that is going to continue.

I feel like it is going to be 60k then 45k then 65k then 50k then 70k then 55k then 80k and so forth, it will have big drops but even bigger increases and that is going to continue like that for a very long time. Nobody can say if it will be like that forever or not, it may change at times but I seriously think that we will not see a big drop like the one we saw in 2018, that is long gone and it will not happen anymore.

[LordShanken]

I think we should just let people say what they want to say. Bull run over, bear winter coming,,, but the market and the price, the trading volume and the demand from people is what matters. People are not yet over Bitcoin and fiat is deteriorating more and more, everyone wants something to keep their value. Gold is not accessible. Crypto is the next best thing.

The fact that the cryptocurrency market is doing so well this year and I think it will do even better, is not only due to the popularity of Bitcoin. I think one of the main reasons is what you wrote - which is the deteriorating situation and large-scale reprinting of fiat money. This has been going on for years and if someone calls Bitcoin a bubble, he have no idea how huge the fiat money bubble is.

[Viscore]

I think we should just let people say what they want to say. Bull run over, bear winter coming,,, but the market and the price, the trading volume and the demand from people is what matters. People are not yet over Bitcoin and fiat is deteriorating more and more, everyone wants something to keep their value. Gold is not accessible. Crypto is the next best thing.

The fact that the cryptocurrency market is doing so well this year and I think it will do even better, is not only due to the popularity of Bitcoin. I think one of the main reasons is what you wrote - which is the deteriorating situation and large-scale reprinting of fiat money. This has been going on for years and if someone calls Bitcoin a bubble, he have no idea how huge the fiat money bubble is.

Smart investors understands how bad fiat money is, that's the reason they are shifting to bitcoin or at least moving their fiat to bitcoin, however, for most people, fiat is still the most reliable as it's controlled and created by the government. I believe that adoption in crypto would make the value to grow substantially, but not during the FOMO or hype, it should be in a constant wait but slowly, and what we are seeing now that we are currently enjoying, might end with some big correction.

[LUCKMCFLY]

I think we should just let people say what they want to say. Bull run over, bear winter coming,,, but the market and the price, the trading volume and the demand from people is what matters. People are not yet over Bitcoin and fiat is deteriorating more and more, everyone wants something to keep their value. Gold is not accessible. Crypto is the next best thing.

The fact that the cryptocurrency market is doing so well this year and I think it will do even better, is not only due to the popularity of Bitcoin. I think one of the main reasons is what you wrote - which is the deteriorating situation and large-scale reprinting of fiat money. This has been going on for years and if someone calls Bitcoin a bubble, he have no idea how huge the fiat money bubble is.

This is a great point, in fact that has always been my thought, when you look at the dollar chart and the Euro they have all the earmarks of a bubble, and boy does it remind me of 2008 when there was that massive drop. In fact, the president of the FED considers that Bitcoin can substitute for gold, although it does not have the backing, and that it is merely volatile, it is focused mainly on the speculative market, but that it has returns.

Well, after these statements, Bitcoin dropped $ 1000 although I do not think it is due to those statements, but obviously if the president of the FED is already considering Bitcoin, it is because fiat money is in trouble, both due to high inflation that can be triggered to globally, in fact with this new strain of Covid-19 people panic much more.

[bct-user]

You are wrong, Bullrun continues. Maybe till the end of this year. Don't be foolish of bearish trapped, some people are trying to buy cheaper prices of crypto coins in the market. We already hear about the end of the bullish trend at the end of the last year, but we know that it is not true. Even the market continues with its uptrend phase till today. Those people who spread FUDs about the market trend, will disappear once the correction is over.

[South Park]

This season has been a very different season for the crypto market from previous seasons, so with prices dropping and turning red in the end it can still recover quickly and get back into the pump. But yes, for now we are saying the bullish period is probably over due to the downturn and many are turning red but coming back, I still believe this decline is just a correction as it looks like the crypto market is getting stronger to keep its value high.

It is still too early to tell, the price is still above 50k and it is above that level comfortably, what we are witnessing is the best spot that the bears have found to mount a defence, if they are unable to defend the level then I think we will have a good chance at seeing 70k or 75k during the next months but if the bulls fails to defend the current levels then we may see 40k or 45k levels again, however even that is not going to be as bad as it is still 2x the ATH of 2017.

[longyenthanh]

You are wrong, Bullrun continues. Maybe till the end of this year. Don't be foolish of bearish trapped, some people are trying to buy cheaper prices of crypto coins in the market. We already hear about the end of the bullish trend at the end of the last year, but we know that it is not true. Even the market continues with its uptrend phase till today. Those people who spread FUDs about the market trend, will disappear once the correction is over.

I also believe that this is not the end of the bull run, but I am cautious about further price increases in the cryptocurrency market. We all know that this market is unpredictable and the bears can trap us at any moment. I don't spread the FUD, just try not to make a mistake I made in 2018 believing all year round that this is just a correction. 

[Westinhome]

We cannot tell that yet if the bull run is over because as you can see they still increasing the price of bitcoin maybe it will reach in a price of $70k or more than that. And the bull is over if the value of the bitcoin will going down and back to $5k again, But that would not happen maybe it has been more years has come. And we hope more altcoins also be going to followed by bitcoin to increasing a price so that all altcoins we have are going to trade into a high of price.

[Myleschetty]

You are wrong, Bullrun continues. Maybe till the end of this year. Don't be foolish of bearish trapped, some people are trying to buy cheaper prices of crypto coins in the market. We already hear about the end of the bullish trend at the end of the last year, but we know that it is not true. Even the market continues with its uptrend phase till today. Those people who spread FUDs about the market trend will disappear once the correction is over.

He's just asking our opinion about the market if the bull run trend is over just to be sure which I believe is not bad cause the market bull run can stop when we least expect and it good to be prepared and with the institution to be the major investors are people said anything can happen but it's good to seize the current opportunity while it lasts.

[heyhat]

I think bull run is almost over. probably we will not see bitcoin below 20K but there will be a day most of the altcoins will lose most of their value.

[veznata]

we all know and remember very well what happens when bullrun is over (after reaching new ATH). price falls down sharply until it reaches 80-90 fall from it's peak. nothing like that so far. just the normal 10-30% usual price dips that we used to see numerous times during past cycles.

[makishart]

I think bull run is almost over. probably we will not see bitcoin below 20K but there will be a day most of the altcoins will lose most of their value.

Im not sure about that dude consider the bearish trend already made by the bad news that came from the US regulators that speculate about the ban by US for bitcoin.
I think that bitcoin will not be so easy to be dumped into the bottom price again.
i think that will not possible to happen in the future. bitcoin may go back again to the 40k rate but it's not for 20k

[crypto-performance]

The bull run has barely even begun. When the actual masses come over to crypto, fueled by services that offer transactions as easy as buying crypto via a credit card - that's when the actual bull run will begin.

[ecnalubma]

I think Bitcoin won’t go down to $20k this year, because the support from its community is very strong. Every huge dumps occur strong recovery follows, my guess is that it could go to $100k by second quarter or third quarter this year. We might experience the biggest bullrun in crypto this year with a little room for bears.

[South Park]

I think bull run is almost over. probably we will not see bitcoin below 20K but there will be a day most of the altcoins will lose most of their value.

Over the years we have seen thousands of altcoins going to zero and even if the market is still full of altcoins the fate of most of those coins will be the same as most of them have no chance to compete with bitcoin at all, the problem is that even if 95% of the current coins in the market went down to zero they are going to be replaced by even more useless coins, and the reason is that people keep investing in them thinking they are going to find the next bitcoin among those coins something that will never happen.

[TravelMug]

The bull run has barely even begun. When the actual masses come over to crypto, fueled by services that offer transactions as easy as buying crypto via a credit card - that's when the actual bull run will begin.

Yep, we just barely scratch the surface of this bull run, and now we have a new hype NFT's that is pushing altcoin market again.

For bitcoin, it's the usual rally, can go down at the end of every month, and then after that it will have a super fast rally getting into another all time high, last time we had is like $60k-$61k if I'm not mistaken, so I'm expecting like $70'ish in the next run.

[Zeque02]

I think Bitcoin won’t go down to $20k this year, because the support from its community is very strong. Every huge dumps occur strong recovery follows, my guess is that it could go to $100k by second quarter or third quarter this year. We might experience the biggest bullrun in crypto this year with a little room for bears.

Indeed, many of us didn't expect that the value of bitcoin increase tremendously even the pandemic situation that we have. As the work from home become the sources of income of many ,the world of crypto currency become more visible and they become more interesting and I believe this year would be the best of bitcoin as well as the crypto community.