Bitcoin bull run 'getting interesting' as BTC price hits 6-week high

[btc_angela]

What we saw is just normal market fluctuations. Pumps can always be possible despite the bear situation and not a thing to consider or an indication it was Bullrun. No, we still need OP for a longer market uptrend streak and it was just a few weeks which is not enough to think about it. Maybe it found interesting and see the reason behind but neither does it come to our mind this is the sign for the upcoming Bull season as it likely comes 2-3 years from now as expected. Maybe I was wrong but that was during halving.

I wouldn't say it's a normal fluctuations when the price dip -70%++ in the last 6 months. Definitely, we will see some pumps along the way in the bear market, and now it seems that we are into in the last couple of weeks. Just wanted to see the price really going like to $25k and see what will be the reaction, will it be sustainable or not? And so even in bear market, it is more exciting to see the price at least picking up. Not sure if I remember it correctly, if we have seen this in 2018, or maybe I totally forget it already. Or maybe I just mature and the majority of us and now crafting strategies for the incoming bull run. 

[Baofeng]

But could anyone confirm the bear market is over? By what I  mean is that is the price not going to drop below 17K anymore?

When the speculators published some postsaboutBTC going below $17k weeks ago, there must have been holders dumping in anticipation of that next support to break. 6 Weeks of uptrend seem a go signal to buy for me.

I think to be able to say that we are out of the bear market, we need some validations, maybe in the range of $40k-$50k. At least that is more than 50% of the lower low of $17k.

So it's a long way to go for us, we barely made it to $25k in this last small runs in the last week or so. And we can say that we are still not out of the woods yet, we need to progress more to the price that I mentioned. So we will have to wait and see, we still have 5 months to improved the price.

For me, I will only say that we are out of the bear market if the price recovered from the last ath and that was 69k or higher than it. If only the price didn't fall this low but it only fall on 40 to 50k then you can say that fall was normal and not considered as a bear.

There is no rule which states that the bear market should end within this last 5 months, so it's pretty fine even if the bear can last till next year or so but like everyone else I also believe that after the halving takes place, the price will start to improve dramatically. That should be our last and only hope if any other attempts fail. It's going to be a long wait but no one is forced to do so.

Of course, that's definitely the case, but in a bear market like what we are experiencing, at least a decent run, maybe $30k could be a good hedge or even $30k-$50k.

I'm not saying that there is a rule, no one is etch in stone here, although it will always be in a 4 year cycle, bullrun and bearish turned. Halving is the catalyst for the next eventual bull run, I agree to that. So I would also see the bear market will last till next year, and it will still be another perfect time to accumulate.

[kensaii]

What we saw is just normal market fluctuations. Pumps can always be possible despite the bear situation and not a thing to consider or an indication it was Bullrun. No, we still need OP for a longer market uptrend streak and it was just a few weeks which is not enough to think about it. Maybe it found interesting and see the reason behind but neither does it come to our mind this is the sign for the upcoming Bull season as it likely comes 2-3 years from now as expected. Maybe I was wrong but that was during halving.

I wouldn't say it's a normal fluctuations when the price dip -70%++ in the last 6 months. Definitely, we will see some pumps along the way in the bear market, and now it seems that we are into in the last couple of weeks. Just wanted to see the price really going like to $25k and see what will be the reaction, will it be sustainable or not? And so even in bear market, it is more exciting to see the price at least picking up. Not sure if I remember it correctly, if we have seen this in 2018, or maybe I totally forget it already. Or maybe I just mature and the majority of us and now crafting strategies for the incoming bull run. 

It's going to be around 25k for the next few weeks but I don't think it was sustainable or stay at that for long. The bear market is just a thing that happened recently. The majority of traders still haven't seen it come fully yet. US's Q1 and Q2 negative aka recession, it'll slowly drain the market dry. People will tighten their wallets, business will slow down or force them to downsize. Tech businesses and tech stock already saw this early this year. Everyone thought this is it, the pump! We might be out of the bear market! Sorry, I disagree with that.

[arufox]

I don't think we can say that bitcoin is currently entering the bull run phase. Although in the last few weeks the price of bitcoin has started to increase from the previous price, it seems that the current increase is not too significant. Therefore, it is still too early to conclude if we are already in a bull run momentum.

[Russlenat]

I like the price to recover but to call this recent rise a bull run is to have no idea what you are talking about or to want to mislead people.

OP can be misleading if one follows intentionally without making a good research first. But for those who are smart enough to have advanced ideas that this current sudden price increase could only end up as a bull trap in the end. Well, bull run will definitely happen but I’m not seeing this time or this current year. It will only come when the whole global economic condition show signs of progress.

[Hypnosis00]

I don't think we can say that bitcoin is currently entering the bull run phase. Although in the last few weeks the price of bitcoin has started to increase from the previous price, it seems that the current increase is not too significant. Therefore, it is still too early to conclude if we are already in a bull run momentum.

Not yet. And even if it reaches $30k, that is still not considered the bull season, we are still far from reaching it again unless it was a sustainable uptrend. But yes, I don't believe this will come this year 2022, I was seeing this year is the bear season and the current situation could possibly be the same until December. Hypes and any sort of market manipulation which creates some price increase can't stay long, it drops again.

I'm not a negative thinker but sometimes we have to be realistic and this is what we experience today, the same scenario that we have experience the bear season, in fact, that is even worse compared this year.
 

[STT]

Here is the chance we continue upwards on an uptrend


We remain suppressed in terms of momentum but the lows of price action are often stronger indication then the peaks which can be blown away for the candy floss fluff they often are.   Till we lose 22.4k it's fair to stay positive as to BTC gain possibilities going forward into August.

Longer term it would still appear alot more work remains to do, basically the volume down seems to outweigh the volume thus far on this uptrend.   If you were buried, this would mean more shoveling to be free (of prior selling) is there to do.  Im told by greater traders I follow it doesn't rule out the possibility just be cautious I guess.

[buwaytress]

^ Yeah. I am encouraged by the way Bitcoin has somehow found a way to retain these levels amid intense macro pressures but volume is to me what really convinces me. And until that tide turns, I would be more wary than optimistic about 2022. Just too thin across the board to present a resistance if and when the wind picks up.

[bluebit25]

I'm not sure if the recent market performance has been overly positive, but looking at how the market reacts to the news, I don't feel like it's too much of an issue. Looking back at everything that's happened so far this year, prices have always dropped to lower levels and then rebounded, so this time around it's no different from that. I believe the market will be bearish in the short term at other levels.

[sana54210]

It's going to be around 25k for the next few weeks but I don't think it was sustainable or stay at that for long. The bear market is just a thing that happened recently. The majority of traders still haven't seen it come fully yet. US's Q1 and Q2 negative aka recession, it'll slowly drain the market dry. People will tighten their wallets, business will slow down or force them to downsize. Tech businesses and tech stock already saw this early this year. Everyone thought this is it, the pump! We might be out of the bear market! Sorry, I disagree with that.

It's not sustainable to keep us here to be fair. I mean by the looks of it we are doing fine, and that means we are going to be 25k and then some, not go back down. It may not be easy and it may feel like it is failing at times but trust me, it's going to go up. The price has been low for a long enough time and there are way too many people who are anxious to see us go back up and then buy some more.

It means that it is going to be not that hard to convince people to buy bitcoin right now when the price goes up. This is why when we go beyond 25k, then 30k will not be that hard because there will be a good amount of situation where people will want it more after that.

[Silberman]

I don't think we can say that bitcoin is currently entering the bull run phase. Although in the last few weeks the price of bitcoin has started to increase from the previous price, it seems that the current increase is not too significant. Therefore, it is still too early to conclude if we are already in a bull run momentum.

Not yet. And even if it reaches $30k, that is still not considered the bull season, we are still far from reaching it again unless it was a sustainable uptrend. But yes, I don't believe this will come this year 2022, I was seeing this year is the bear season and the current situation could possibly be the same until December. Hypes and any sort of market manipulation which creates some price increase can't stay long, it drops again.

I'm not a negative thinker but sometimes we have to be realistic and this is what we experience today, the same scenario that we have experience the bear season, in fact, that is even worse compared this year.
 

This is key, I would like for the price of bitcoin to recover as fast as possible but sometimes we need to accept that the market cannot possibly move exactly as we want, also a long bear market is not as bad as it may seem at first sight, it gives us a long period of time to accumulate bitcoin for a low price, and while many investors concentrate themselves on when to sell, many times when you buy is way more important, as I have no doubts that anyone buying bitcoin right now will have good profits a few years down the line.

[Vaskiy]

The increase in the price continues in a slow and stabilized manner, because it grew from the value around $20k to $21k after some price movements taking place within the range for some time period. Then it crossed $23k and now $24k has been crossed. This looks like the market is getting good, but the bear movement will happen again. Apart from bitcoin, ethereum is really strong according to me. By the upcoming week it'll cross $2000 which is a big move.

[TravelMug]

It's still not over $40k, we've already seen the 2021 bullrun and it's hard to see the market especially bitcoin gaining that momentum again. maybe for 2024 or 2025 we could see a bullrun back. for me this is part of a bear market recovery, hopefully by the end of the year btc can break through $35k.

Even though Bitcoin enter 40k i will not it's a bullrun because we have calculate exactly when the the price of Bitcoin was. When Bitcoin reach 69k and above it's when i will agree that Bitcoin. Except that Bitcoin reach that particular place i mentioned, it's when i will tell you that Bitcoin is on the bullrun. Bitcoin bullrun is something i don't understand for now the capacity of bullrun this time because bullrun come with force

Perhaps it's just a number that we wanted to achieved at this bear market. So no way that it will be a bullish run, a good bounce though. Even at $35k this year is much better as it will double the last all time low that we have seen this year.

And then we still have 2023 wherein it could still be very much as bearish as this year. So it's better not to expect a so called bull run, the best approach is just continue to buy and accumulate.

[ice18]

I'm not sure if the recent market performance has been overly positive, but looking at how the market reacts to the news, I don't feel like it's too much of an issue. Looking back at everything that's happened so far this year, prices have always dropped to lower levels and then rebounded, so this time around it's no different from that. I believe the market will be bearish in the short term at other levels.

Yes very unpredictable market as of the moment you can easily lost money if you have no plans at all some metrics says bullrun is starting again but who knows this is fake, be very careful always.   

[ethereumhunter]

I'm not sure if the recent market performance has been overly positive, but looking at how the market reacts to the news, I don't feel like it's too much of an issue. Looking back at everything that's happened so far this year, prices have always dropped to lower levels and then rebounded, so this time around it's no different from that. I believe the market will be bearish in the short term at other levels.

Yes very unpredictable market as of the moment you can easily lost money if you have no plans at all some metrics says bullrun is starting again but who knows this is fake, be very careful always.   

Instead of having the risk of losing big money, it is better to do nothing at this time, especially if we do not have sufficient ability to analyze market movements. Maybe you could try using a small fortune to see how far the market is moving so you can devise a plan for what to do. But if that small amount of money still doesn't convince you, it's better to get out of the market to minimize the risk of losing. With bitcoin's current state, where the price could return to $24k, that's a sign that bitcoin could move up, but it's not a guarantee that it can actually go up again. So stay cautious and don't act if you don't have a solid analysis.

[Ararbermas]

I don't think we can say that bitcoin is currently entering the bull run phase. Although in the last few weeks the price of bitcoin has started to increase from the previous price, it seems that the current increase is not too significant. Therefore, it is still too early to conclude if we are already in a bull run momentum.

correct, it still unpredictable because indeed this isn't the first time bitcoin show a good sign since it plunges from the current ATH, wherein it happens many times but always changed as well and become worse situation , so don't expect too and much better to wait for more results..  

[OgNasty]

People are definitely acting like the market has turned a corner. I feel like the celebration might be a bit early but it’s never a good idea to fight the market trend. I think I’m the short term we might be overheating a bit, but in the mid to long term I think things are looking bright. Buyers should stay away from leverage buying here unless they can withstand a retest of the lows. With Blackrock entering though, there’s a chance they could smash buy all of the gox coins on their way to pumping the market to new highs.

[Jating]

People are definitely acting like the market has turned a corner. I feel like the celebration might be a bit early but it’s never a good idea to fight the market trend. I think I’m the short term we might be overheating a bit, but in the mid to long term I think things are looking bright. Buyers should stay away from leverage buying here unless they can withstand a retest of the lows. With Blackrock entering though, there’s a chance they could smash buy all of the gox coins on their way to pumping the market to new highs.

I guess you can't blame them, I mean just months ago we've seen the price going to $17,500, (could be the lowest low, or the bottom for now). And we haven't seen bitcoin goes way below it's previous all time high. So that's a bit scary for bitcoin enthusiast. So when we see the price recovered and bounce back and now trying to break another resistance level of $25k, everyone is somewhat relive on how things has turned out in the last 3 weeks. Maybe the news of Blackrock entering the picture or the CPI announcement has made things turnaround for good, then we will have to see if this is just short term effect.

[TheGreatPython]

I don't think we can say that bitcoin is currently entering the bull run phase. Although in the last few weeks the price of bitcoin has started to increase from the previous price, it seems that the current increase is not too significant. Therefore, it is still too early to conclude if we are already in a bull run momentum.

correct, it still unpredictable because indeed this isn't the first time bitcoin show a good sign since it plunges from the current ATH, wherein it happens many times but always changed as well and become worse situation , so don't expect too and much better to wait for more results..  

It is still unpredictable? But, are there ever a time where btc became predictable? I guess there isn't but indeed that it's not the first where btc rise but few months ago the rise is much better than we have now, I think it crosses to 30k already but that didn't continue on a much higher level. It only fell down back to 20k and stayed there for quite some time. I feel that the more we are excited, the more the price will fall.

It is seems that someone is watching us, So maybe it will be a good idea to keep quiet and don't let them know that we are happy and are now excited to see more recoveries. That way they will leave the market the way it meant to be.

[sayaya17]

The increase in the price continues in a slow and stabilized manner, because it grew from the value around $20k to $21k after some price movements taking place within the range for some time period. Then it crossed $23k and now $24k has been crossed. This looks like the market is getting good, but the bear movement will happen again. Apart from bitcoin, ethereum is really strong according to me. By the upcoming week it'll cross $2000 which is a big move.

I'm quite satisfied with Bitcoin's slow rise, as you described starting when Bitcoin stabilized at $20k, without us knowing now Bitcoin looks stable
at the price of $ 24k and is still trying to rise above the price of $ 25k. Even though we are still in a bear market, the positive movement of Bitcoin
makes it easier for us to face the current bear market. I hope Bitcoin doesn't go down again, and this month the Bitcoin price can go up to touch
the price of $30k, if that happens the possibility of Bitcoin can attract many investors to buy Bitcoin. If Bitcoin goes up it certainly affects
the price of altcoins, one of them was affected by the price of Ethereum which also rose about 12% in one week and in the near future it will soon
rise above the price of $2000. That's why apart from investing in Bitcoin we should also invest in Ethereum as well, because apart from the two of
them being the two best cryptos, we can also make much bigger profits if we can hold Bitcoin and Ethereum until the bull market comes.