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

[Yamifoud]

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.

Well, I hope those people will listen to you and have them save. But I guess what, people like them will think that investing in Bitcoin is like gambling and the pertain of having luck even without doing an analysis believing that Bitcoin will grow all the time. Unfortunately, that was not the real thing to happen around as dumps can be somewhere and it comes without telling anyone.

I certainly agree with you, better play it safe if we don't have the capacity to understand the market behavior and never make ourselves stressed.

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[Captain Corporate]

As long as we keep this going, its going to benefit all of us and there is no denying that its going to be quite profitable in the long run for sure. But that all depends on us getting it going, if there is a big whale selling, or if there is a hacking situation going on some exchange, some nation banning, etc etc whatever bad news that will make the price go down, then we are not going to be good any time in the future. But if none of that happens and we handle it very well, then its going to be quite profitable for all involved, there is no reason for it to drop, it doesn't need a good news to go up, it could stay like this with no bad or good news and it will go up, as long as there is no bad news.

[Myleschetty]

As long as we keep this going, its going to benefit all of us and there is no denying that its going to be quite profitable in the long run for sure. But that all depends on us getting it going, if there is a big whale selling, or if there is a hacking situation going on some exchange, some nation banning, etc etc whatever bad news that will make the price go down, then we are not going to be good any time in the future. But if none of that happens and we handle it very well, then its going to be quite profitable for all involved, there is no reason for it to drop, it doesn't need a good news to go up, it could stay like this with no bad or good news and it will go up, as long as there is no bad news.

Without the bad news, you listed above, I still believe it is too early to celebrate the market bullishly and there's no way we can keep going when the market is always subjected to up and down through it being volatile in nature.
I believe the current surge in price is just a normal slightly grow in the price of the market which was impacted through the ETH merge and once it is over there will be huge selling.

[pooya87]

Compared to a month ago, the market is still the same with pretty much the same ups and downs while each time price goes up it weakens the $25k resistance while after coming down it sets a newer high. Unless some new FUD comes out that could change this direction, there is a good chance that this turns into an actual bull run and then we can call it "interesting" as we start heading towards $30k+.

[Davian144]

I believe the current surge in price is just a normal slightly grow in the price of the market which was impacted through the ETH merge and once it is over there will be huge selling.

What ETH merger do you mean?
If you mean the ETH 2.0 merger already seen on blockchain.com, then I think there will be a better Bitcoin and Ethereum price hike next month after that is done. Although it is still very possible for a decline to occur in both in the market. But I don't think it will happen to a very large extent in the market, because that is very good news and there could be an increase in buying in the market.

[Myleschetty]

I believe the current surge in price is just a normal slightly grow in the price of the market which was impacted through the ETH merge and once it is over there will be huge selling.

What ETH merger do you mean?
If you mean the ETH 2.0 merger already seen on blockchain.com, then I think there will be a better Bitcoin and Ethereum price hike next month after that is done. Although it is still very possible for a decline to occur in both in the market. But I don't think it will happen to a very large extent in the market, because that is very good news and there could be an increase in buying in the market.

Yes, I was talking about the ETH2.0 merge.
If you follow notice of the decision of crypto investors you'll comply with me, when an event is coming up on a certain blockchain investors always follow the crowd due to FOMO, and once the event is executed there will be a major sell. I could remember when BCH did some fork 2-3years ago.

[TimeTeller]

I believe the current surge in price is just a normal slightly grow in the price of the market which was impacted through the ETH merge and once it is over there will be huge selling.

What ETH merger do you mean?
If you mean the ETH 2.0 merger already seen on blockchain.com, then I think there will be a better Bitcoin and Ethereum price hike next month after that is done. Although it is still very possible for a decline to occur in both in the market. But I don't think it will happen to a very large extent in the market, because that is very good news and there could be an increase in buying in the market.

Yes, I was talking about the ETH2.0 merge.
If you follow notice of the decision of crypto investors you'll comply with me, when an event is coming up on a certain blockchain investors always follow the crowd due to FOMO, and once the event is executed there will be a major sell. I could remember when BCH did some fork 2-3years ago.

This is why the crypto market is interesting, you'll never know what will happen next.
But in any case, we need to be ready for what's to come.
Either we can earn from it or just wait for the price to be above your buying price.
The Eth 2.0 has long been delayed, but I believe, it will have positive impact in the market later on.

[DanWalker]

~~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.

Is this called Fomo or not? I see the same thing when people start to get excited and rush back into the markets. When we start to think that the bear market is over, and the bull market has started to run. As we eagerly waited, the market would have an instant dump that left people frustrated and started selling their bitcoins in panic. If you pay close attention, you will see this happens very often.

[rodskee]

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.

what is 30k compared to 69k price back in ATH? this is just a peanut to expect  as what we have to change the course if the price again hit 50 above then we might b seeing a good increase after that.

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.
 

it is not negativity when we are just being realistic because the more you expect more is the more you will lose as remember that the price of crypto change from time to time and not to follow us everytime.

[ethereumhunter]

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.

Well, I hope those people will listen to you and have them save. But I guess what, people like them will think that investing in Bitcoin is like gambling and the pertain of having luck even without doing an analysis believing that Bitcoin will grow all the time. Unfortunately, that was not the real thing to happen around as dumps can be somewhere and it comes without telling anyone.

I certainly agree with you, better play it safe if we don't have the capacity to understand the market behavior and never make ourselves stressed.

I hope so

If they want to invest in bitcoin, they will keep it for a certain period of time. They should not panic if the price of bitcoin continues to fluctuate and instead, it will give them the opportunity to be still able to buy bitcoin at a lot of low prices. But indeed, everyone has their own plans and we don't know the plans.

That is why playing it safe is highly recommended in this case to avoid panic, stress, and other negative things.

[Myleschetty]

I believe the current surge in price is just a normal slightly grow in the price of the market which was impacted through the ETH merge and once it is over there will be huge selling.

What ETH merger do you mean?
If you mean the ETH 2.0 merger already seen on blockchain.com, then I think there will be a better Bitcoin and Ethereum price hike next month after that is done. Although it is still very possible for a decline to occur in both in the market. But I don't think it will happen to a very large extent in the market, because that is very good news and there could be an increase in buying in the market.

Yes, I was talking about the ETH2.0 merge.
If you follow notice of the decision of crypto investors you'll comply with me, when an event is coming up on a certain blockchain investors always follow the crowd due to FOMO, and once the event is executed there will be a major sell. I could remember when BCH did some fork 2-3years ago.

This is why the crypto market is interesting, you'll never know what will happen next.
But in any case, we need to be ready for what's to come.
Either we can earn from it or just wait for the price to be above your buying price.
The Eth 2.0 has long been delayed, but I believe, it will have positive impact in the market later on.

Yes, some of the occasions make the crypto market to be interesting to those that already understand the market while naive investors will down by the market trend.
About the ETH2.0 merge, I don't know if I am the only one that has the feelings that Vitalik did the delay of the event on purpose because after the delay is when other dApp project started going bullish.

[STT]

Once again we've risen back to a local high, we are just under the 50 day average.   I think we are due to pause here for reinforcements before continuing even if positive.   The dollar index has dropped some but I would not us to only move upwards without halting just yet as we were so negative just days ago.

[Jating]

Once again we've risen back to a local high, we are just under the 50 day average.   I think we are due to pause here for reinforcements before continuing even if positive.   The dollar index has dropped some but I would not us to only move upwards without halting just yet as we were so negative just days ago.

Yes, maybe the run has somewhat stop at $21k and cannot get into the $22k barrier. Perhaps we are in the oversold  region already because of the recent and quick spike in recent days.

So maybe just a couple, or sideway patterns this week before we can have another momentum. The highest high in August is $25k, so most likely this will be the target again this month and hopefully we can get back to that price. But then again, is the question of whether it is sustainable or not. At least though we have heard that the price could go to $10k, but it didn't happen.

[buwaytress]

Once again we've risen back to a local high, we are just under the 50 day average.   I think we are due to pause here for reinforcements before continuing even if positive.   The dollar index has dropped some but I would not us to only move upwards without halting just yet as we were so negative just days ago.

Yeah. Honestly was expecting it to tempt bears at sub 18k... Especially after losing so much ground over a bung of nothing speech. And then we get this reprieve from dollar weakness. Still feels like we need a lot of hand holding at this stage and continued dollar negatives. Too fragile for a strong move up.

[Baofeng]

Once again we've risen back to a local high, we are just under the 50 day average.   I think we are due to pause here for reinforcements before continuing even if positive.   The dollar index has dropped some but I would not us to only move upwards without halting just yet as we were so negative just days ago.

Yeah. Honestly was expecting it to tempt bears at sub 18k... Especially after losing so much ground over a bung of nothing speech. And then we get this reprieve from dollar weakness. Still feels like we need a lot of hand holding at this stage and continued dollar negatives. Too fragile for a strong move up.

Yeah, but we are still afloat despite that speech and so far we have a beautiful bounce back. So sub $18k will have to wait again, or at least those who are itching to buy with that range.

Definitely, there are a lot of strong hands that are still holding at this point. No need to panic, or sell and then rebuy later. They are smart, just buying when there is a slip up in prices like what we've seen recently.

[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.

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.
 

I agree with you that the bull run season is unlikely to happen this year even though there is an upward trend in prices but the increase is not significant and even tends to stagnate. Therefore, I think the bull run season is likely to come in 2025 because it will be a bitcoin halving year if it follows a 4-year cycle pattern.

[OgNasty]

If you think the “bull run” is getting interesting now, just wait until 2025. Right now there are all sorts of selling pressures on the market pinning it down. By 2025 the mtgox issues will be behind us, adoption and acceptance will be much higher, there will be a spot etf, and the supply of new BTC will be cut in 1/2. That’s when it will be exciting as hell. Interesting is meh.

[yudi09]

If you think the “bull run” is getting interesting now, just wait until 2025. Right now there are all sorts of selling pressures on the market pinning it down. By 2025 the mtgox issues will be behind us, adoption and acceptance will be much higher, there will be a spot etf, and the supply of new BTC will be cut in 1/2. That’s when it will be exciting as hell. Interesting is meh.

In that year I thought Bitcoin could reach a price that exceeds the current ATH price. The prospect of Bitcoin for the long term is still an idol. But if those who see Bitcoin in this year, surely they will not believe in the achievements that will be obtained in the next 5 or 10 years.
I keep wondering why some companies sell their shares to buy Bitcoin in bulk and I think it's because they know Bitcoin's future opportunities.

[peter0425]

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.

Well, I hope those people will listen to you and have them save. But I guess what, people like them will think that investing in Bitcoin is like gambling and the pertain of having luck even without doing an analysis believing that Bitcoin will grow all the time. Unfortunately, that was not the real thing to happen around as dumps can be somewhere and it comes without telling anyone.

if we can only tell and let others to follow us to Hold and never sell everything in the time being till it recovers but we knew this will never happen because we all have our own way to invest and use strategy.

I certainly agree with you, better play it safe if we don't have the capacity to understand the market behavior and never make ourselves stressed.

+1 in here , I am safer than anything because I am holder and will keep holding for the rest of Halving .

[buwaytress]

I certainly agree with you, better play it safe if we don't have the capacity to understand the market behavior and never make ourselves stressed.

+1 in here , I am safer than anything because I am holder and will keep holding for the rest of Halving .

Playing it safe is always going to be subjective, but as long as you already understand the risk from the get go (investing money you know you can always more or less buy something with today for something you hope will do much better many years from now).

DCA is the safest and least stress free method, if you don't put everything in it, and only use spare change. Doesn't make it a guaranteed bet though.

Best of both worlds is to DCA and keep spending enough BTC to enjoy what you reap. Every little bit of utility goes a long way to strengthening fundamentals next halving.