Bull run is over?

[South Park]

I think a bull run can still happen whenever he wants, especially now that there are many large investors who can have an influence including Elon Musk who can make bitcoin prices this expensive, if more and more rich people in the world enter bitcoin, the price will soar more high and of course it will be more and more difficult to get bitcoins.

This is just part of the market sentiment to be able to raise prices. indeed for now the market is still in a strong bullish trend. I myself have seen since yesterday that bitcoin was able to penetrate resistance like it would be able to penetrate the new ATH. support from crypto leaders is my strong belief that the market is still strong enough to be bullish. right now we have to be careful if we are interested in buying or investing

If it would reach to $60k then it's an instant ATH.

We cannot underestimate the power of bull run, bitcoin can achieve any price but we have to understand also that this is not permanent.
Once bitcoin hits $100k, I think the big correction is just around the corner and it could start soon.

Therefore, observe the market carefully and always ride with proper planning.

But at the same time the higher the price goes the bigger the drop will be but the easier it will be for people like us to withstand that drop, because even if the price were to drop 50% after reaching 100k that will still leave the price of bitcoin above 50k, which basically means that anyone that invested in bitcoin just a few weeks before the current date is going to be in profits and that is going to be an enormous amount of people, obviously this means that the rest are going to have some losses but that is inevitable in any market especially if they enter on it so late.

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[romero121]

Bull run keeps continuing. Whenever there is small drop in the market, there arises similar thinking. In reality the market is getting conquered by large scale investors. This is making wild positive impact over the entire cryptocurrency network. Upon this what we see as drop in value is traditional market fluctuation and not the bear trend.

[dishku]

Bull run keeps continuing. Whenever there is small drop in the market, there arises similar thinking. In reality the market is getting conquered by large scale investors. This is making wild positive impact over the entire cryptocurrency network. Upon this what we see as drop in value is traditional market fluctuation and not the bear trend.

Indeed there is big room of growth we are just in the middle of bull phase according to the onchain analysis. But for some people that's too much who are using high leverage to maximize their profit. That is part of cycle I believe in near future we will see the real fun when price of BTC will enter into 6 figures.

[Flowzer]

In my opinion, theres no more bull or bear season, its will just being trend on the small timeframe, not a long trend timeframe like before.
Thats because many traders and investors involved in the market will keep the supply and demand in the market more stable and more liquid than before.

[tygeade]

Indeed there is big room of growth we are just in the middle of bull phase according to the onchain analysis. But for some people that's too much who are using high leverage to maximize their profit. That is part of cycle I believe in near future we will see the real fun when price of BTC will enter into 6 figures.

That's right, we are still doing great and we will keep going great for a while longer, it has always been like that for the longest time. I personally believe that bull runs do not end during this period, spring specially is a great time for increases, April will definitely see 70k+ price, probably 80k+ as well, that is what I think will happen very soon. It is not guaranteed of course, maybe for the first time ever we are going to see drops that are over 20k, the previous ATH was 20k and now drop would be higher than the whole ATH of that period, that is why I think we should realize what we are doing and how high we are.

But, I still think that we are doing fine and we should not be worried about it, after all such a big potential can't be left undone during this period, we do not have any strong resistance, as long as we can find some money (like tesla or microstrategy etc) we could actually end up going all the way to above 100k.

[matchi2011]

In my opinion, theres no more bull or bear season, its will just being trend on the small timeframe, not a long trend timeframe like before.
Thats because many traders and investors involved in the market will keep the supply and demand in the market more stable and more liquid than before.

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.

[TWW]

In my opinion, theres no more bull or bear season, its will just being trend on the small timeframe, not a long trend timeframe like before.
Thats because many traders and investors involved in the market will keep the supply and demand in the market more stable and more liquid than before.

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.

it is more pleasant for the day trader to actually be in the current market situation. every asset has good moves for the current day trading.
but to intervene from institutions investing in the market is actually a good thing but it can also be a bomb for this market.
they have a sizeable amount of assets with their money. and they can easily play with the market. Or maybe at this time, seeing the market go up and down with the movement fast enough is their joke?

[WreckItRalph]

Bitcoin could top $100,000 as institutions and corporations prefer its digital finite supply better than gold. Since January, we have experienced a steady rise to reach new all-time highs. Soon a Blocknet hidden gem XLite wallet will be trending.

[South Park]

Bull run keeps continuing. Whenever there is small drop in the market, there arises similar thinking. In reality the market is getting conquered by large scale investors. This is making wild positive impact over the entire cryptocurrency network. Upon this what we see as drop in value is traditional market fluctuation and not the bear trend.

I find interesting that as soon as there is a correction people think the bull market is over, markets with such strong trends are not going to suffer are reversal so easily, it is going to take a huge amount of coins being sold and a tremendous drop in the demand in order to make the current trend to be reversed, now there is no denying that the market has slowed down considerably but that was to be expected as it is impossible for a bull market to go up every single day as it did some months ago.

[ivankoh]

I think I already saw this scenario where bitcoin struggle to get back to the price it has previously him.
Just Bitcoin get back to $50k but it didn't stay long, so I guess the trend now is already bearish, or this is just a temporary and short term correction?

Also, as we can see, altcoins are pretty much affected, most of the coins in the top 100 of the CMC has been significantly affected, most of them are reddish at the moment. 

We can see the coins (https://coinmarketcap.com/_

The situation this year is really different and special than in previous years.  the tsunami waves have all broken out and hit new ATH levels in value after short and unsustainable bull runs.  Likewise are the authoritarian negative effects of regulations on the crypto space.  I understand your depression and somewhat pessimistic anxiety.  Me too.  But the fact that after covid 19, the value of bitcoin and crypto proves the sustainability, development, characteristics required for the economic consequences that follow.  Then I gradually changed my opinion and increased my confidence that I have actually witnessed unprecedented new ATHs.  Impressive records will follow when the next bull run will come.

[TheGreatPython]

In this past weeks, I also thought that bull run is over for the reason that bitcoin drops 46k usd and other top altcoins' price also dropped in the market. But for now, I think we are still in bull market, just look at how bitcoin's price pumped out up to 60k usd in just a short period of time. I am hoping that bull market will still continue in the next few months.

That was always the case, we were always in the bull run, famous thing about bull run is that when you break over ATH a bit too much, you end up with a huge 20%+ drop of correction, which means that people who bought earlier sells their coins and new people buy and they will sell it when we are way above the ATH price as well. When it was 24k it dropped to 18k, when it was 41k it dropped to 28k and at 58k we dropped to 48k, same will happen when we are 100k as well for example, we will drop to under 80k as well, but that will not mean that it is a crash, it is just a correction.

The difference between bear run and correction is that there are big deals that make it go down, not just constant falling but huge leaps of falling as well, and they do not happen very quickly, corrections happen in few days, bear run lasts months until it ends, hence it is a bit different.

[LGD2Business]

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.

[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.

It is gonna settle back down to between $42K and $45k me-thinks. With the 'supposed' USA rules on crypto and the India Ban and the

usual FUD of BTC's 'huge' electric use, etc, etc. A common pattern. Now as to the other reason we will adjust and people will take some

of their profits on all this is 'simply' the Pandemic is 'easing'. Folks may have to use this for real-life issues, like a new job, or just to

blow some cash on a vacation. A lot of bent up the pressure to 'spend some cash' after this last dismal year, don't ya know...so it is 'bound'

to affect Bitcoin/Crypto.

The reality also has not 'set in on how we are going to pay for this 'economic' slowdown due to the pandemic...even if it all was needed and

will be found (maybe) as so by future historians. That will happen this fall when maybe 'everything' from crypto to stocks to property will

correct 10-15% or more on the reality of needed or not...we have to pay for this World's last year of 'home confinement.

I 'suspect' that if my view of this fall 2021 is correct, BTC will break out again to over $75k or more. But some 'digestion' is needed in the

meantime. Again, guessing here. IMHO. No downside if I'm wrong to mentally prepare...in that if I'm wrong we continue the pump.

Bitcoin: Always Drama! (tm Bitcoin)

Brad

[btc78]

I think I already saw this scenario where bitcoin struggle to get back to the price it has previously him.
Just Bitcoin get back to $50k but it didn't stay long, so I guess the trend now is already bearish, or this is just a temporary and short term correction?

Also, as we can see, altcoins are pretty much affected, most of the coins in the top 100 of the CMC has been significantly affected, most of them are reddish at the moment.  

We can see the coins (https://coinmarketcap.com/_

you are completely wrong because bull run will not leave until we reached 100,000$ in bitcoin value  



There are many chances that Bitcoin climbing again and again towards ATH and Bull is always around.

When you posted this the Price of Bitcoin is only in 50k usd level while it climbs up more to 61k week after .

So Bull is still here , only waiting for timing to spike again.




More Bitcoin please.

[newwest]

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.

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.

[Golftech]

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.

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.

There's always a certain time for each market to move, corrections take place and investors

are always need to choice sides, if you are good in understanding the flow, there's a higher

chance for you to compensate yourself. Concluding that the Bull is already ends up will

always depends from how the market dictates.

[longyenthanh]

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.

[blockman]

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.

Yes. There's no big correction that has happened. Most alts that pumped became stable and are still in good prices and the same with bitcoin. This isn't the end of the bull run and we're going to have it see first and got a clue if there's a massive correction that has been slashing a lot from the market.
But in this time, we can see it clearly that it's good as crystal.

[hahay]

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.

[leea-1334]

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.