What is your opinion on recent bull market, will it be over soon?

[Poker Player]

It's not quite clear what the OP meant by "soon", and since he hasn't logged on to the forum in a while, I don't think it's worth asking him.

All indications are that we are going to be bullish until December. So say the predictive models that are discussed in the forum and that are based on a similarity of price behavior in the cycles. Some say that this time it could be different and the bull market could be extended until 2022 or that maybe we will enter a different situation from 2022 onwards without major declines due to institutional demand.

[1714903865]

1714903865

[1714903865]

1714903865

[rhodelmabanal]

Crypto market is always depend on the supply and demand, Bitcoin prices are primarily affected by its supply, the market's demand for it, availability, and competing cryptocurrencies. If there are a lot of good news about crypto currency many investors will become more interested on it and this affect the supply which also makes the price rise. My opinion with the recent surge of the Bitcoin price is that it will not going to end soon if we put basis on market and the news this hype will last long.

[Victorycoin]

There are many cryptocurrencies that have reached a new all time high during this 2021 bull run in contrast, some cryptos also faced a downtrend many cryptocurrency investors and traders are confused as to whether it is for a good price when they hold or sell their crypto. Looking at the current state of the crypto market, it seems that the market is about to set a new record prices have risen to a maximum of 56k but are now rising 60k will set a better record later this year. Bitcoin is creating a positive situation as the amount of investment is increasing with its high price.

[michellee]

If everything is similar to the previous history, maybe we can sell all the coins and leaving the market for a while to take a break and enjoy our big profit. We can come back to the crypto market when the big bear trend comes to the market to buy back many potential coins.

But we do not know if the situation can be the same as before. The important thing is we can take a moment to sell the coin at a high price, analyzing for more to find out if the trend is still in the market or just leave after reach the high peak. We do not have to back to the market if the situation is changing but if the bear trend is coming, we can wait for a while to know how the market movement to determine to stay at the market or leave it for a while.

[sirminesalot]

Crypto market is always depend on the supply and demand, Bitcoin prices are primarily affected by its supply, the market's demand for it, availability, and competing cryptocurrencies. If there are a lot of good news about crypto currency many investors will become more interested on it and this affect the supply which also makes the price rise. My opinion with the recent surge of the Bitcoin price is that it will not going to end soon if we put basis on market and the news this hype will last long.

One more market factor is news and hype, many crypto investors are trading refers to news and hype as we could see when a big bad news or good news coming, there will be a market movement that means the good news and FUD were created for make the market move.
Because there are a lot of people who want to make quick profits, they always doing a short term trade and that will make the bull run won't last long.
We also hope there no bad news apprearing anymore at least for this year.

[Weng simok]

The market is like a mountain of ups and downs, so when it goes up and when it goes down, you have to see the information that is developing at this time. a lot of positive information is happening right now so the bitcoin market often bullruns this week. a lot of information is circulating that bitcoin will again penetrate the price of $65k percoin in the next week.

[fullhdpixel]

The market is like a mountain of ups and downs, so when it goes up and when it goes down, you have to see the information that is developing at this time. a lot of positive information is happening right now so the bitcoin market often bullruns this week. a lot of information is circulating that bitcoin will again penetrate the price of $65k percoin in the next week.

If you refer 50% downfall from the ATH of $64k levels then you need to prepare for more painful ups and downs in 2022 but before that we may see a new ATH. Yeah, the current bitcoin market is flourishing along with lots of positive news and I guess this trend will continue until end of this year and then people may start profit-booking which may lead to bearish trend. So, the current bull run will last for next 2 to 3 months and then we need to be prepared for being cautious as bears may start dominating.

[wxa7115]

Just because we had a drop doesn't mean that we are done now, we are still doing fine. Do not believe all the FUD you see, yes there will be down moment and that is a bad thing but do not assume that all those down moments will be horrible neither, some of them will be places where you can buy and get better. I personally believe that we are doing fine right now and this is just a drop where it gives people a chance to buy some more.

I understand that corrections are natural part of crypto trading world and day traders might be having a little trouble because of the drop, but if they could hold it like a bag and wait for a while then we could end up doing a lot better in the future when those bags turn into profits. Of course, it will be nerve wrecking to watch something you won to constantly keep going down but it is also not impossible neither so all we need is patience.

Unfortunately due to the nature of day trading this is something impossible to do for them, most day traders just hold their coins for a few hours and then they sell them so it is not possible for them to hold their coins as it goes against the nature of their activity.

However it is very easy to see if you take a look at longer time frames that even if the price of bitcoin can go down during the short term the current long term trend is positive and it is a mistake to go against it.

[crzy]

The market is like a mountain of ups and downs, so when it goes up and when it goes down, you have to see the information that is developing at this time. a lot of positive information is happening right now so the bitcoin market often bullruns this week. a lot of information is circulating that bitcoin will again penetrate the price of $65k percoin in the next week.

Exactly, there’s no straight ladder going up, we really have to take many obstacle before reaching the peak that’s why expect a more volatile market. There’s a lot of good speculation, so I’m also positive about the price of Bitcoin and its really possible to make a new ATH this money because the bull trend is not over yet.

[Baofeng]

The market is like a mountain of ups and downs, so when it goes up and when it goes down, you have to see the information that is developing at this time. a lot of positive information is happening right now so the bitcoin market often bullruns this week. a lot of information is circulating that bitcoin will again penetrate the price of $65k percoin in the next week.

Exactly, there’s no straight ladder going up, we really have to take many obstacle before reaching the peak that’s why expect a more volatile market. There’s a lot of good speculation, so I’m also positive about the price of Bitcoin and its really possible to make a new ATH this money because the bull trend is not over yet.

If you have been in the market for at least four years, or witness the last great bull run in 2017 and it's coming apart in 2018, definitely you can say there is no straight ladder going up. There is no market in the world that can go parabolic, most of the time we are going to see bearish trend that will last for years. And on the flip side, there will also be a bullish cycle that everyone would be happy. And if you have witnessed 2017, then you will know what to do next in the current bull run.

So I will be in the majority that the bull run is not over yet, we might see $80k next month and then the expected $100k at the end of the year.

[dunfida]

The market is like a mountain of ups and downs, so when it goes up and when it goes down, you have to see the information that is developing at this time. a lot of positive information is happening right now so the bitcoin market often bullruns this week. a lot of information is circulating that bitcoin will again penetrate the price of $65k percoin in the next week.

Exactly, there’s no straight ladder going up, we really have to take many obstacle before reaching the peak that’s why expect a more volatile market. There’s a lot of good speculation, so I’m also positive about the price of Bitcoin and its really possible to make a new ATH this money because the bull trend is not over yet.

Majority of people specially newbies or people who had just recently jumped in into this market will really be having this kind of impression on where they do believe that we could reach on top in fast pace manner

but thats not how the market works or behaves.It all matters with the demand and it is indeed a bumpy ride and with this recent bull market then we can simply say that it is because of the demand.

Over soon? There would be always a correction or price decrease and that what makes it too unpredictable.

[DOH!]

We probably have until January 2022, but everything afterwards is no man’s land, where only the desperate degenerates are.

I'm not sure what "retrace" you're referring to, but given how optimistic the market is right now, the first bitcoin ETF will do a lot of good.  I'm sure the market will come up with plans to extend the optimism to that.  Any crazy bull run is exciting, wait until you have ATH at 73k6 before there are days of slight drops.

Q4 is very promising for a crazy price increase, Taproot launch in November... the most important time for the market to enter a new journey will be.

[Kasabus]

We probably have until January 2022, but everything afterwards is no man’s land, where only the desperate degenerates are.

I'm not sure what "retrace" you're referring to, but given how optimistic the market is right now, the first bitcoin ETF will do a lot of good.  I'm sure the market will come up with plans to extend the optimism to that.  Any crazy bull run is exciting, wait until you have ATH at 73k6 before there are days of slight drops.

Q4 is very promising for a crazy price increase, Taproot launch in November... the most important time for the market to enter a new journey will be.

I don't think this bull market will end so soon as most of the time, bullish season will extend up to the end of the year. So i'm very optimistic and motivated that i should not sell my coins right now because there might be better prices at the end of the year. But i'm not saying that this is not a good time to sell, of course it is, but if you consider better profits, then maybe wait for a while.

However, we should also be cautious with how the market moves. There might be bull trap along the way that will make us decide to start selling our coins. The whales will greatly benefit from it. So always be careful and never jump into decisions that you might only regret in the end.

[Vaskiy]

The market is like a mountain of ups and downs, so when it goes up and when it goes down, you have to see the information that is developing at this time. a lot of positive information is happening right now so the bitcoin market often bullruns this week. a lot of information is circulating that bitcoin will again penetrate the price of $65k percoin in the next week.

Exactly, there’s no straight ladder going up, we really have to take many obstacle before reaching the peak that’s why expect a more volatile market. There’s a lot of good speculation, so I’m also positive about the price of Bitcoin and its really possible to make a new ATH this money because the bull trend is not over yet.

The Bull trend hasn't happened all of the sudden. It moved from the price around $30 and reached $40k within a short when people were expecting for $25k drop. This further moved to $45k after a long term fluctuation between $40k and $43k. Further on the market movements were on the gradual rise and reaches resistance zone. Took little time to break barriers. Whenever a rounded barrier is broken it gains good momentum. As a result without much of manipulation the we're on the track to mark new ATH. So, there is more chance of bull trend continue for long.

[Rajamuda]

The bull market is likely to last longer, the market trend is getting stronger focused on Bitcoin.
Bitcoin will soon be at the peak of its glory, prepare well for it, and it doesn't appear that Altcoins want to follow Bitcoin's footsteps in the market yet, it still looks like it's still hesitant to soar like Bitcoin.
Well, everything has not been confirmed very precisely, because the main factor of market trends is influenced by news, enthusiasts, projects, etc. which sometimes often surprises us all.

[Yaunfitda]

We probably have until January 2022, but everything afterwards is no man’s land, where only the desperate degenerates are.

I'm not sure what "retrace" you're referring to, but given how optimistic the market is right now, the first bitcoin ETF will do a lot of good.  I'm sure the market will come up with plans to extend the optimism to that.  Any crazy bull run is exciting, wait until you have ATH at 73k6 before there are days of slight drops.

Q4 is very promising for a crazy price increase, Taproot launch in November... the most important time for the market to enter a new journey will be.

Maybe what he meant is that we are all looking at December to reach a new all time high probably in the range of 6 digits. But what's going to happen after that? are we going to go bearish and have see retracement along the way?

So right now though, we are in bullish phase so from Nov-Dec there's a lot of things that can happen. We have the Taproot in November that will have a big impact and then the usual December end of the year rally. But what comes next? we really don't know.

[bitgolden]

I believe that bull market will not be over, but it will not be as strong as well. We did nearly a 2x right now, reaching from 30k to 60k it is obvious that we are not having the same type of situation anymore, we are at a level where we could not be reaching 120k, because 2x again like that would mean that we would be 120k+ and I do not see it happening. Which means that we are going to reach higher levels but not as high as we used to do, the % that we increase will not be the same.

It means that the bull run will continue, we could be 70k or 80k or even as high as 100k by the end of the year and that’s fine, but at the end of the day we may not end up with anything remotely like the one we had so far when you look at the percentage.

[Woodie]

These market moves are not a one way street which just go on in one direction.

Basically for this to build the bullish momentum it has to go the opposite side in some kind of consolidation pattern which helps it build momentum to have that catapult effect to go up when the move is ready to go in this direction. But in so doing should price drop below 60k then chances are high that this bull run is coming to an end and we should be looking for selling opportunities on the retest but with the major news impact like the approval of the bitcoin etf we could be still bullish.

[Taskford]

We probably have until January 2022, but everything afterwards is no man’s land, where only the desperate degenerates are.

I'm not sure what "retrace" you're referring to, but given how optimistic the market is right now, the first bitcoin ETF will do a lot of good.  I'm sure the market will come up with plans to extend the optimism to that.  Any crazy bull run is exciting, wait until you have ATH at 73k6 before there are days of slight drops.

Q4 is very promising for a crazy price increase, Taproot launch in November... the most important time for the market to enter a new journey will be.

Maybe what he meant is that we are all looking at December to reach a new all time high probably in the range of 6 digits. But what's going to happen after that? are we going to go bearish and have see retracement along the way?

So right now though, we are in bullish phase so from Nov-Dec there's a lot of things that can happen. We have the Taproot in November that will have a big impact and then the usual December end of the year rally. But what comes next? we really don't know.

We don't know what will be the outcome after that but what mostly happen is the dump will follow since for sure many will get enough profit and cash out after the 6 digit mark hit since this is the target of many people before they take their profits. But hopefully bitcoin price will sustain and we can see more bigger picture of it even if the price crash after huge ATH price out reach out.

[Slow death]

I had forgotten about this thread, a curious and funny fact, whenever cointelegraph.com publishes news like this:

Bitcoin decides fate of $60K as weekly close keeps BTC traders on their toes

the opposite happens with bitcoin, I have been observing this for a few months now, Is something very strange