Are we now on Crypto bull run?

[o48o]

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

Depends how you look at it. Bears are definitely sweating and ton of shorts have been liquidated. Technicals are looking good and if you have been long enough in here, you can feel the hope being similar to other end of bears. Most of us being carefully optimistic, some being insanely optimistic. Obviously there are some permabears waiting for their turn to say they were right.

There will be more of them looking for shorts but that's going to be a dangerous game..

Answer to the question: no i don't think so EDIT: Yes, i think we are (that was a weird opposite typo). If not, this would be biggest trap ever if it crashed there now.

[Baofeng]

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

Depends how you look at it. Bears are definitely sweating and ton of shorts have been liquidated. Technicals are looking good and if you have been long enough in here, you can feel the hope being similar to other end of bears. Most of us being carefully optimistic, some being insanely optimistic. Obviously there are some permabears waiting for their turn to say they were right.

There will be more of them looking for shorts but that's going to be a dangerous game..

Answer to the question: no i don't think so. This would be biggest trap ever if it crashed there now.

Yeah, millions and not billions have been liquidated causing the bears to sweat. And it's obvious that they have no control of the market for now. And if my technical indicators are correct, we are over the 200 moving average now, so it's going to be very critical whether we continue with this run to $25k or not.

We just crossed another barrier at $23k, and I have seen it goes as high as $23,200.

So are we still in the FOMO period? And it's interesting that even at weekends, we have seen huge spike in the prices.

[South Park]

Yeah, millions and not billions have been liquidated causing the bears to sweat. And it's obvious that they have no control of the market for now. And if my technical indicators are correct, we are over the 200 moving average now, so it's going to be very critical whether we continue with this run to $25k or not.

We just crossed another barrier at $23k, and I have seen it goes as high as $23,200.

So are we still in the FOMO period? And it's interesting that even at weekends, we have seen huge spike in the prices.

Bitcoin is in fact above the 200 SMA, the last time this was the case it was December of 2021 so this is a very positive sign for the price of bitcoin as the breakout is not small at all, however the market is right now in a state of FOMO and we are experimenting a fast growth which if I am honest seems a little bit out of place, and I wonder if this is not a symptom of an imminent reversal because I find it hard to believe this rate of growth can be kept.

[Yatsan]

Market price is a bit up at this moment but I cannot still see it as a bullish run for this industry. More of  cyclical spike because of different factors. I still see the huge pump to occur by next year because of a 'heavier' reason which is Bitcoin halving, proven by its previous occurence. But ofcourse if the recovery will start now, the market will be able to cope up with the correction earlier than expected. At first I though crossing the $20k mark would be enough for a trend to be triggered but I guess it is still not. What's more likely to happen is for the mrket to pump and dump, as with the usual, on the following months. But I consider it as a positive thing still in comparison with the previous months which re 'downish'.

[STT]

Its well past the 200 day average but here the slower 50 week average might be of more relevance for its slower momentum.    What can and does happen quite often is if we outrun a down trend then a pressure is released from the back of BTC and this leads to buoyancy and a rebound upwards.   This is too early to call a bull trend as such, dont quite start counting your chickens just yet.

[Dave1]

Its well past the 200 day average but here the slower 50 week average might be of more relevance for its slower momentum.    What can and does happen quite often is if we outrun a down trend then a pressure is released from the back of BTC and this leads to buoyancy and a rebound upwards.   This is too early to call a bull trend as such, dont quite start counting your chickens just yet.

Definitely, it's too early to call this a bull run, it's just the start of the year and many things can affect us, inflation, the war and other black swan events in crypto (like FTX).

So yeah, don't count the chickens yet, we still have like 11 months to go to this to call this a bullish market.

And even if technical indicators like 200 day average have been reach and above it, going to be hard to maintain that level.

[btc_angela]

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

Depends how you look at it. Bears are definitely sweating and ton of shorts have been liquidated. Technicals are looking good and if you have been long enough in here, you can feel the hope being similar to other end of bears. Most of us being carefully optimistic, some being insanely optimistic. Obviously there are some permabears waiting for their turn to say they were right.

There will be more of them looking for shorts but that's going to be a dangerous game..

Answer to the question: no i don't think so. This would be biggest trap ever if it crashed there now.

Yeah, millions and not billions have been liquidated causing the bears to sweat. And it's obvious that they have no control of the market for now. And if my technical indicators are correct, we are over the 200 moving average now, so it's going to be very critical whether we continue with this run to $25k or not.

We just crossed another barrier at $23k, and I have seen it goes as high as $23,200.

So are we still in the FOMO period? And it's interesting that even at weekends, we have seen huge spike in the prices.

That $23k for now is not sustainable, it might take some time before we can go and became the next support. For now it's the resistance and we don't know how long will it take though.

But basing on the $20k, $21k or even $22k, it take like 3 attempts before we can finally settled on that price and become the resistance.

And the good news is that we still have a week to go before the end of the month so still interesting how long our mini bull run will push us. And there will be a monetary meeting around Jan. 31 - Feb 1. And most probably, Federal Reserve will likely hike its target interest rate, so this is going to be good news for us.

[ethereumhunter]

Its well past the 200 day average but here the slower 50 week average might be of more relevance for its slower momentum.    What can and does happen quite often is if we outrun a down trend then a pressure is released from the back of BTC and this leads to buoyancy and a rebound upwards.   This is too early to call a bull trend as such, dont quite start counting your chickens just yet.

Definitely, it's too early to call this a bull run, it's just the start of the year and many things can affect us, inflation, the war and other black swan events in crypto (like FTX).

So yeah, don't count the chickens yet, we still have like 11 months to go to this to call this a bullish market.

And even if technical indicators like 200 day average have been reach and above it, going to be hard to maintain that level.

I prefer to call it a recovery stage of the market rather than a bull run because the difference between a bull run is when the price can be at the last ATH price and it starts to increase quickly and then it is a bull run. But I'm also not sure when the real bull run will come because the price difference that bitcoin must achieve to be in the final ATH position is still very far away. So we may see our final ATH early next year but hopefully, it comes sooner so we can sell some to take profits while still keeping most of it to sell at the next ATH.

[GeorgeJohn]

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

I will say that we never experienced strong market since the market started having a potential. Right now we can not say that because of the little differences or change in the market of cryptocurrency then i will agree that we directly into the bullish. The bullish season can said when the price of Bitcoin is across forty thousand (40k) in price and it's when we can know the strength of the market. Right now the market can traceback and it's the systematic way of cryptocurrency market regulations. So therefore with this level or stage of the price nobody can agree that we are into the bullish.

[Ziskinberg]

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

I'd see too much emotion happen when seeing the price of Bitcoin rise above $20k in a very short period of time. And people then think about the beginning of the bull market. Might say that the price increase is one sign of getting bullish but there is also another thing we need to look at as well if the price increases are continuous. But as we can see, it only lasts for a few days, and the price of Bitcoin turns below $20k again (we're currently at $19k). That is why we couldn't assume that all the pumps will lead to a bullish market, most of them are just fake.

[slapper]

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

I doubt that. It is hard for the cryptocurrency to recover that fast since it has only been less than 15 months since the bitcoin hit $67,567. So, the current reversal is not a trust indicator for a good buying spot. I'd recommend anyone with the intend to buy bitcoin to stop and wait for a more affordable price (below $17000 or even below $15000)

I do trust the future of bitcoin, but I also trust my technical analysis skill. Right now, I only focus on making money and preparing for the next cycle. THe next one will be very big and we can see the full integration between bitcoin/cryptocurrency and the world economy

[Nrcewker]

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

The market says, we are currently increasing in price for Bitcoins. So I think currently falling below 15000$ is quite not possible. This is not exactly a bull run, but yes Bitcoins are trying its best to keep on the pace. If by the end of this month Bitcoin manages to touch 28k usd, then definitely next month will be big for Bitcoins. So I would suggest all my dear friends to buy as many Bitcoins as they can in this current price. If you greed for more and hence wait for more down price, then there is high possibility that you will miss the golden opportunity to buy Bitcoins at cheap. So act accordingly.

[bestcoins1]

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

I'm only thinking about recovery this year if you mean Bitcoin or crypto in general. Indeed, it is still too early to consider the increase seen now as a bullrun because it is still too little when compared to the amount of decline that occurred in the past year. So I'm just considering this year to be a recovery year for Bitcoin although the possibility of a correction is also still there because upgrades without corrections also don't happen very often in Bitcoin.

[Fara Chan]

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

Actually it's still too early to say that, but if you master the technical market charts you will find a few good answers, a few days ago we saw chart movements and market analysis per day breaking $ 1k we were in a bullrun which didn't jump significantly, but in we call this a little bull who is trying to take over the market situation, now the price development is continuing, anything in the market will happen, if you are holding we suggest waiting for this month to end, strong analysis The value will be $ 20k and above.

The probability of it falling below $15k is minimal, but this is the Cryptocurrency market the journey is not easy, if this happens of course there is a huge Potential for this to happen, we cannot predict it exactly, but we are paying more attention to it this is a little difficult to happen, we are still sure of the end in january Bitcoin is still above $20k or $25k could be higher. back also to the supply and demand and this is one of the factors that have a huge influence on the price and Value of Bitcoin.

[zaki12]

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

The crypto market seems to be stabilizing, Although there is a possibility this is a bull trap every trader has. For many that witnessed a downturn throughout 2022 that culminated in the FTX bankruptcy. and very lucky for those who managed to get under $ 20k But, fortunately the crypto market is now starting to rise from the slump we hope that in 2023 it will start getting better again.

I think it's still difficult to say this is a bull run because it's still early to see the market hasn't grown too big, maybe after Q2 has passed.

[BigBos]

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

The crypto market seems to be stabilizing, Although there is a possibility this is a bull trap every trader has. For many that witnessed a downturn throughout 2022 that culminated in the FTX bankruptcy. and very lucky for those who managed to get under $ 20k But, fortunately the crypto market is now starting to rise from the slump we hope that in 2023 it will start getting better again.

I think it's still difficult to say this is a bull run because it's still early to see the market hasn't grown too big, maybe after Q2 has passed.

It may be too early for Bitcoin to enter the bullrun zone but if you think about it and look at it maybe we have passed the bottom, maybe this is a price reversal from FTX crashing which caused the price to fall freely to the bottom last time, we are also still on the verge of a recession which is not certain for sure so there are still many people holding their money to enter the market, but if possible the bullrun cycle shifts to the beginning of the current year, the ATH target may be very high, from ATH $ 69k to over $ 100k.

[uneng]

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

I'm only thinking about recovery this year if you mean Bitcoin or crypto in general. Indeed, it is still too early to consider the increase seen now as a bullrun because it is still too little when compared to the amount of decline that occurred in the past year. So I'm just considering this year to be a recovery year for Bitcoin although the possibility of a correction is also still there because upgrades without corrections also don't happen very often in Bitcoin.

This is the best scenario since August 2022. When we think bitcoin haven't hit this level for so many months, I feel more hopeful the bear market is staying behind. There are about two weeks of bitcoin's recovery only, but each new day the digital currency goes up, overcoming more and more resistance levels, it means the tendency is for real, decreasing the probability of being a simple bull trap. Let's hope corrections happen is small dosages, so they don't scare investors away.

[SirLancelot]

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

The market says, we are currently increasing in price for Bitcoins. So I think currently falling below 15000$ is quite not possible. This is not exactly a bull run, but yes Bitcoins are trying its best to keep on the pace. If by the end of this month Bitcoin manages to touch 28k usd, then definitely next month will be big for Bitcoins. So I would suggest all my dear friends to buy as many Bitcoins as they can in this current price. If you greed for more and hence wait for more down price, then there is high possibility that you will miss the golden opportunity to buy Bitcoins at cheap. So act accordingly.

I remember last time we are also increasing but then the price unexpectedly dips, this is why some users here are trying to calm those users who are excited about what the market is showing now. They know that this can only be temporary. I think there is nothing wrong when we fall on that $15k level because the halving is still far away and the market is only being generous and it's giving those newbies a good entry but for those who aren't totally new here, they can join it as well.

We only have 8 days left to end the month and I don't think BTC will rise that quick up to $28k. Don't forget it took us a couple of weeks before we climb this new support starting from $17k.

[Zilon]

do kwon & sam bankman fried chope the market in 2022

Kwon did not chop the market in 2022 because while Luna started crashing until it got to $0.91 Cents the general crypto market was already having a major crash. But  Sam Bankman Fried did chop the market. Bitcoin alone fell by more than 12% hitting a low that was last experienced in November 2020 after FTX collapsed. Kwon Luna responded to the market trend while Sam FTX affected the market.

[Portgas D]

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

yes I agree with you talking about the bull run, because looking at data from several timeframes back the price of bitcoin continues to crawl up and has not found a point where it has signs of going down, but however we cannot predict how long this inflation will last will continue to defend with strong walls.
Therefore we also have to be prepared to be tolerant to accept if one day the price drops again.