Are we now on Crypto bull run?

[yusrime]

Are we now on crypto bull run or this yet to be go down futher more down than 15500?

[1715233256]

1715233256

[Edwardard]

Are we now on crypto bull run or this yet to be go down futher more down than 15500?

If you understand the technicals well, we are in a bull run until we are above 200 daily moving average, we are in a bear market once we go below that. As simple as that. Currently, the level is situated at 19.5k and will increase over time as the price develops further. If you are holding I'd suggest continue to hodl till 1st feb meeting or if you didnt buy just wait for buying as close to the 200ma. Cant do nothing much than this.
Chart showing 200ma (yellow line):

[Bellarg]

It's too early to say that. Price movement is still not so big, and less than 1 month has passed since it

[OcTradism]

Are we now on crypto bull run or this yet to be go down futher more down than 15500?

Likely $15k and $16k is a bottom range for Bitcoin but you should not be surprised if it has a crash to prices lower than $15k. In March 2020, Bitcoin had a crash when people thought bottom was confirmed already.

About cryptocurrency market, generally it has a mini bull run like 2019 because Bitcoin has lifting up with its rally. That gives altcoins time to recover from their bottoms. However who bought altcoins at tops still have big loss except some few best altcoins like Ethereum or BNB.

[Hypnosis00]

Are we now on crypto bull run or this yet to be go down futher more down than 15500?

I think we have done with the bottom already and the price is started to pick up again which is good but I couldn't expect that it will reach far $20k. The market is not already in a bullish state, we have these pumps because of a sudden increase in demand but it looks natural. The uprising momentum of Bitcoin isn't strong enough to carry the market to another level. Whether we like it or not, or even though we are hoping for a fast recovery but it was very unfortunate that it never looks like that. The market remain in the bear season probably until the end of this year.

[Eternad]

Are we now on crypto bull run or this yet to be go down futher more down than 15500?

Yes. A short term bull run because the price keeps increasing for more than a week without any sign of setback. But there's still a chance that we can go down below 15K since there's a lot of potential bad news that can affect this abnormal growth of Bitcoin like feds meeting, genesis bankruptcy chain effect on other crypto project and a possibility for a new attack on Binance credibility since US is not yet finished on their attack against Binance. For now we can safely assume that we are really on bull run but there's no definite time on when it will end or for how long it will continue because this run is not backed by a credible positive news. Only hype is what driving this rally to continue. I believe a major whale like institutional investors is behind on this price rally.

[m2017]

Are we now on crypto bull run or this yet to be go down futher more down than 15500?

I think that at the moment there are no fundamental prerequisites for the start of a bull run and I expect that the price growth may slow down and start to stay at about the same levels. And also, a rollback of the cost is generally possible, but it is unlikely that it will go to 15.5k. Bitcoin didn't fall to this mark even with a lot of negative news last year (and even the very beginning of this year). In short, according to tradition, the bull run begins after the halving, which has not yet occurred. Therefore, what is happening now, I consider a short-term jump, which has nothing to do with the bullrun. Be patient, it will start later.

[Iranus]

Likely $15k and $16k is a bottom range for Bitcoin but you should not be surprised if it has a crash to prices lower than $15k. In March 2020, Bitcoin had a crash when people thought bottom was confirmed already.

We're not out of winter yet, so it's no surprise that bitcoin is falling again. We should be prepared for that, given what's going on, it's not enough to say that bull season has arrived.

About cryptocurrency market, generally it has a mini bull run like 2019 because Bitcoin has lifting up with its rally. That gives altcoins time to recover from their bottoms. However who bought altcoins at tops still have big loss except some few best altcoins like Ethereum or BNB.

With bitcoin's current momentum, those who have DCA in 2022 can make a bit of a profit. The rest, even if you bought bitcoin in 2021, you still lose big, not just altcoin holders lose. But unfortunately for those who bought shitcoins, the chances of recovering those losses are almost zero.

[Zilon]

I presume what is playing out in the market is a clear supply and demand move. The next direction of the market is so unpredictable, It could be a bull trap who knows or a bull warm up for the major bull run that might commence later this year or early 2024. But whatever the outcome the Price might not fall below $15500 this year except external news pops up something similar to FTX crash or mining inefficiency

[BRINIRHA]

I think it's too early today if we start a real bull market. To me the current rise in bitcoin price looks like a temporary bull market or as people call it Mini bullrun. However if it turns out that the bull market continues then that would be great. and for those who have finished accumulating bitcoin, the bull market is an important thing to look forward to. I personally today stopped to accumulate first. I hope there is a correction back from bitcoin so I can accumulate it again. I don't know much about technical analysis. But I'm trying to learn it little by little.

[yusrime]

Are we now on crypto bull run or this yet to be go down futher more down than 15500?

If you understand the technicals well, we are in a bull run until we are above 200 daily moving average, we are in a bear market once we go below that. As simple as that. Currently, the level is situated at 19.5k and will increase over time as the price develops further. If you are holding I'd suggest continue to hodl till 1st feb meeting or if you didnt buy just wait for buying as close to the 200ma. Cant do nothing much than this.
Chart showing 200ma (yellow line):
https://i.imgur.com/mi8Oobh.jpg

appreciate your opinion

[Zaguru12]

I presume what is playing out in the market is a clear supply and demand move. The next direction of the market is so unpredictable, It could be a bull trap who knows or a bull warm up for the major bull run that might commence later this year or early 2024. But whatever the outcome the Price might not fall below $15500 this year except external news pops up something similar to FTX crash or mining inefficiency

Same thought I have, I think this is just a break away from the 16k price. We can’t consider this a bull run already because we haven’t even it half the ATH yet. The great thing about this period is that bitcoin shows stability at the 16k price mark and I don’t see it coming down below that no matter what except maybe a huge saga comes up. Bull run could come during the end of this year though

[yusrime]

I think it's too early today if we start a real bull market. To me the current rise in bitcoin price looks like a temporary bull market or as people call it Mini bullrun. However if it turns out that the bull market continues then that would be great. and for those who have finished accumulating bitcoin, the bull market is an important thing to look forward to. I personally today stopped to accumulate first. I hope there is a correction back from bitcoin so I can accumulate it again. I don't know much about technical analysis. But I'm trying to learn it little by little.

yeah that's why we here to get community ideas

[yusrime]

I presume what is playing out in the market is a clear supply and demand move. The next direction of the market is so unpredictable, It could be a bull trap who knows or a bull warm up for the major bull run that might commence later this year or early 2024. But whatever the outcome the Price might not fall below $15500 this year except external news pops up something similar to FTX crash or mining inefficiency

 

do kwon & sam bankman fried chope the market in 2022 

[maydna]

Are we now on crypto bull run or this yet to be go down futher more down than 15500?

Bitcoin is recovering and has yet to move into a true bull run. The increase this time seems normal as the price is starting to increase to a higher price, but if this time, the price can immediately increase to $50k or $60k, that's just a real bull run, and it's only a matter of time until the price can exceed the last ATH. But that looks unlikely to happen as the bitcoin price is still underwhelming, and there is more than $47k left to be at $69k.

[Ultegra134]

Am I the only one who is slightly disappointed that Bitcoin's price is rising? While I do find this minor bull run intriguing, and it is fascinating to see your money increasing in value, I was used to the constant downward movement of the market and was taking full advantage of it by receiving considerably larger amounts of Bitcoin from my signature campaign. Personally, I don't believe that the upward movement will continue for long; it's a minor bull run, but this certainly isn't the end of the bear market. I'm hoping that we'll have a few more opportunities to accumulate some more Bitcoin and BNB.

[OgNasty]

I don’t think we’re in a bull run so much as we were in a manipulated bear market. Exchanges have been taking people’s money, telling them they own Bitcoin when they don’t, and spending their money on shitcoins. That caused the price to fall as BTC wasn’t actually being purchased. Now entities are going bankrupt left and right and whoever wants to survive needs to scoop up BTC that their clients think they own. This is causing a return to the norm. Congrats to anyone who was able to accumulate at the manipulated price below $20K.

[Ojima-ojo]

Are we now on the crypto bull run or this yet to be go down further more down than 15500?

The present market situation is showing some bullish tendency but the bitcoin price roll have not achieved the maximum number to declare the present market as a bull market, at the moment we are somewhere around 23k+ BTC price and this is quite significant.

But we will have to wait a little longer with consistent price uptrend movement before we can declare Bitcoin bull market return, so just wait a little longer and hold on to make the best of this opportunity.

[cryptomaniac_xxx]

Are we now on crypto bull run or this yet to be go down futher more down than 15500?

Likely $15k and $16k is a bottom range for Bitcoin but you should not be surprised if it has a crash to prices lower than $15k. In March 2020, Bitcoin had a crash when people thought bottom was confirmed already.

That situation was due to covid-19, that is a huge factor that the price crash to $3k. But I doubt that we will have an effect as catastrophic as that today that will push down the market. We could have events like Luna and FTX collapse but the impact is not the same as the pandemic, in my opinion.

About cryptocurrency market, generally it has a mini bull run like 2019 because Bitcoin has lifting up with its rally. That gives altcoins time to recover from their bottoms. However who bought altcoins at tops still have big loss except some few best altcoins like Ethereum or BNB.

But what's happening is like what we call mini bull run, I think this year we are still in the bear market, so maybe the price will still go down but not hitting another lower lows.

It's that we just have a good start this year and market is enjoying green candles, now the price is above $23k.

[Quidat]

Are we now on crypto bull run or this yet to be go down futher more down than 15500?

Really hard to guess actually because i've been expecting for some short position but all of them are liquidated.Why? The recent surge to 23k did really make out some mess specially into those short
positions because if we do see on the actual technical analysis then we would really say that it is really that overbought + having those negative sentiments or news in the market like
Genesis bankruptcy then we could really say that the market might be having some correction but it didn't which it did really entirely mess up lots of positions
made specially into those who positioned short.