Are we now on Crypto bull run?

[Vaskiy]

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.

Through some means the market movement is disturbed and the same is connected with the incidents that took place by that time. As mentioned, if the luna crash haven't happened we would've been sitting at the same position. Just on the collapse of FTX, the market suffered a downturn. Even if that hasn't happened we will be experiencing similar scenario.

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[bestcoins1]

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.

Small corrections are indeed possible at this time because it has also happened very often in the past when there was a price recovery in Bitcoin although a price increase without a correction is also possible, but it also will not provide an opportunity for those who want to buy at that price. which is slightly lower before taking off to a higher level. This year will indeed be more suitable for the recovery in Bitcoin as it is also very influential to push more investors into the market before next year.

[DOH!]

Now, I think the market is starting a new cycle. I mean the market is in a recovery state - staying motivated and creating great potential for a bull run. The timing and process is very similar to 2019, the more optimistic signals have returned to bitcoin itself - the only strong driver for the market to break out of the bear phase.

[Reid]

Lower your expectations. That's the best solution to problems like this. I am joyful that Bitcoin is growing again regardless of the economy still not doing well which means there are still optimistic investors that are willing to risk their savings for a better future.
But it could go way back down again anytime. As a holder I'd probably just keep it, but I won't purchase anymore just to ride the wave. The buying opportunity for me is done and this time it's for those who came back late and forgot to check the price a month ago.

[Rigon]

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

The Bitcoin market is an unregulated system. The journey of cryptocurrency market is not very easy. The price of Bitcoin can go up and down at any time. We have passed the year 2022 in a very bad condition. 2022 has been a very bad year for every investor and trader. Two-thirds of investors lost their balances in this disastrous 2022. Investors and traders have found hope in the market in 2023. The Bitcoin market has been pumping since the start of the new year and is currently in the $23k range. It is unlikely that the market will go back to $15,000 again. However, if there is a big shock in the market, then there is a possibility of going to 15 thousand dollars. But invest with confidence. And look forward to the new Bitcoin ATH in 2023 and 2024.

[GigaBit]

Now, I think the market is starting a new cycle. I mean the market is in a recovery state - staying motivated and creating great potential for a bull run. The timing and process is very similar to 2019, the more optimistic signals have returned to bitcoin itself - the only strong driver for the market to break out of the bear phase.

For a long time the market has been affected by various types of bad news. But if we look at the latest US inflation data at the start of 2023, it revealed that CPI fell to 6.5% in December from 7.1% in the previous month. And for this reason, a positive movement has been seen in the cryptomarket and the market is still standing in a good place. Many experts believe that this may be part of Bull run specialty. But the reality is that the market can return to the previous position due to any situation. May be between $15000 and $20000. Based on Bitcoin's cycle and bearish data, i can envision the coming year as a bull run year. The market has given a good signal after a long time which has been consistent since the first day of the year. For this reason Bitcoin may be moving slowly towards a bull market.

[Crypto_I.N]

It is better to be careful, which is what is needed in every case, one of which is about the current situation, maybe we are enjoying a turning point from 2022, where we were exposed to unfavorable realities in the previous year.
But it looks like we have to be prepared for boomerangs that can hit investors, traders, and myself at any time for the BTC price, which doesn't rule out the price touching $15k.
Just keep trading and investing in stocks, hopefully 2023 will be BITOCIN's ATH

[maydna]

It is better to be careful, which is what is needed in every case, one of which is about the current situation, maybe we are enjoying a turning point from 2022, where we were exposed to unfavorable realities in the previous year.
But it looks like we have to be prepared for boomerangs that can hit investors, traders, and myself at any time for the BTC price, which doesn't rule out the price touching $15k.
Just keep trading and investing in stocks, hopefully 2023 will be BITOCIN's ATH

If you want to trade, you must be able to be more thorough in your analysis because the situation has turned unpredictable in which direction bitcoin will move. Sometimes our analysis does not work well, and if we still decide to trade, we will likely suffer losses. Currently, bitcoin is undergoing a correction which could be a good time to buy bitcoin again before the price increases. But don't buy bitcoins in large quantities right away because we don't know if the price will immediately increase after this correction or if it will continue to decline even further. The important thing is that you can prepare the money to buy bitcoin if the price drops again.

[OgNasty]

While it feels like we are in the beginning stages of a bull run, it also feels like we made a pretty big move and now we’re seeing profit taking from the short term traders. No idea how long this will continue, but I think it’s pretty bullish if we hit $24K before falling back below $20K. At this point it’s a game to try and tire the leveraged longs out and build some more shorts before making the next big move.

[buwaytress]

While it feels like we are in the beginning stages of a bull run, it also feels like we made a pretty big move and now we’re seeing profit taking from the short term traders. No idea how long this will continue, but I think it’s pretty bullish if we hit $24K before falling back below $20K. At this point it’s a game to try and tire the leveraged longs out and build some more shorts before making the next big move.

Yeah. It was non-stop to this stage, not even pausing when we broke $20k (not to my memory anyway) and all this punching through the weeks in month 1. Makes a lot of sense that short termers would be salivating at 30% profits from December, so I wouldn't be surprised if we break that support again a couple of times before the next leg up.

There are no tired positions yet at this stage though I feel.

[Pejoh Asu]

The prices have gone up by more than 50% compared to the beginning of this month, I'm sure 2023 will bring positive surprises and bad trends because bankrupt exchanges will be easy for investors to anticipate, they will choose top exchanges that have strong legality and reputation so as to make investors don't panic when problems occur like they did in 2022.

[michellee]

The prices have gone up by more than 50% compared to the beginning of this month, I'm sure 2023 will bring positive surprises and bad trends because bankrupt exchanges will be easy for investors to anticipate, they will choose top exchanges that have strong legality and reputation so as to make investors don't panic when problems occur like they did in 2022.

Hopefully, it will be as we hope, so we can get back to big profits again before the big bull run for bitcoin occurs. This upcoming altcoin season could trigger the price to go up very high because there is a prediction that bitcoin will also go up higher than the last ATH. But even if that doesn't happen this year, we can still hope it will happen before the halving so we can get a lot more bitcoin from selling altcoins first. But speaking of exchanges going bankrupt, it might not affect the price of bitcoins and altcoins in the market, so we shouldn't worry too much and stay calm.

[Edwardard]

No idea how long this will continue, but I think it’s pretty bullish if we hit $24K before falling back below $20K

You were right about 24k, we almost hit it today with the tesla's latest earnings report mentioning they didnot sell any bitcoin in Q4 2022.
Elon is such a joke, he used to make so bearish tweets about recession just about last month and now says he still holds everything. Btw, I feel we will get a correction along with the us markets on 1st feb. The rate hike data is crucial (the path to 20k begins from there?!)

[mich]

Well if I am looking at my wallet then the answer is yes we are on a crypto 'bull run'. But I am still not convinced there will not be a sudden correction and all recent profits will be wiped away.
It is happened to much in the past we have all seen this. We think the bulls have come back out. Then all of sudden so fast that idea has changed and we are back to where we started before the run started. My answer is no not at this time but I remain Bullish.

[LogitechMouse]

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

No we aren't yet.

I'm a believer of 4-year cycles because I've seen it happening already in 2014-2018 and in 2018-2022. Though there is no guarantee that it might happen again in the future, I always expect that the between the 2nd and 3rd year of the 4-year cycle will always be the year of the bulls.

I watched a video on Youtube regarding 4 market phases of crypto and here are the 4 market phases.
1. Accumulation - This is the time where early adopters and those who have guts to buy at the bottom are starting to buy and it usually happens after market bottoms.
2. Uptrend - Now the market is starting to move higher and forming an uptrend (this seems to be the phase where we at right now).
3. Distribution - Market will reach it's peak and then the sellers will start selling their holdings and taking profits.
4. Downtrend - After sellers selling their holdings, the market will go down and will form a downtrend movement.

This might not applicable to all of the market, but just by looking at the price movement of Bitcoin over the years, I guess that is what's happening on it.

[Joshapat]

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.

Through some means the market movement is disturbed and the same is connected with the incidents that took place by that time. As mentioned, if the luna crash haven't happened we would've been sitting at the same position. Just on the collapse of FTX, the market suffered a downturn. Even if that hasn't happened we will be experiencing similar scenario.

The emergence of major cases in 2022, namely LUNA and FTX makes us always have to be vigilant and not save assets of large value to exchanges, and I'm sure investors are getting smarter in understanding the current market, and I'm sure that if there were cases like 2022 then there wouldn't be too big impact on the market because there is already preparation from investors.

[justdimin]

While it feels like we are in the beginning stages of a bull run, it also feels like we made a pretty big move and now we’re seeing profit taking from the short term traders. No idea how long this will continue, but I think it’s pretty bullish if we hit $24K before falling back below $20K. At this point it’s a game to try and tire the leveraged longs out and build some more shorts before making the next big move.

Isn't that normal? I remember at least 2 other big bull runs, and I am not saying it will be the same and we will break ATH or anything like that, but in all those big bull runs we had short term traders taking profit, and then we moved on to make more profit.

I believe that we are going to end up making a profit anyway and it should be just a temporary hiccup for now. Not saying it will be huge, but just because we had a small drop doesn't mean we will go down and go back to bear market, I think bull will continue as soon as this commercial break is over. We have too many people who bought at low, so we need to wait a bit before they all sell out and bull resumes again after that.

[boltz]

I don't think we are in a bull run and I don't even think the bull run is close. Why ? Well , even if we broke 22k range , there are still signs of a bear trap that could move the price down in any moment. Also , resistance at 23k seems kinda heavy and not a sign of backing up. However, if we broke 23k and 24k range , we are clearly towards the end of bear market and having a transition time towards a full bull run. We should also consider the fact that halv is still aprox 1 year away.

[ScamViruS]

Now, I think the market is starting a new cycle. I mean the market is in a recovery state - staying motivated and creating great potential for a bull run. The timing and process is very similar to 2019, the more optimistic signals have returned to bitcoin itself - the only strong driver for the market to break out of the bear phase.

The market has started a momentum, how long this momentum will last remains to be seen. As the market has suddenly pumped up, there could be a major correction here. The market may decide within a few days whether Bitcoin is completely out of the bear phase.

Bitcoin is still at strong resistance and there is a possibility of a bear trap. But for long term investors like me in Bitcoin, this short term change doesn't matter.

[beerlover]

While it feels like we are in the beginning stages of a bull run, it also feels like we made a pretty big move and now we’re seeing profit taking from the short term traders. No idea how long this will continue, but I think it’s pretty bullish if we hit $24K before falling back below $20K. At this point it’s a game to try and tire the leveraged longs out and build some more shorts before making the next big move.

Isn't that normal? I remember at least 2 other big bull runs, and I am not saying it will be the same and we will break ATH or anything like that, but in all those big bull runs we had short term traders taking profit, and then we moved on to make more profit.

I believe that we are going to end up making a profit anyway and it should be just a temporary hiccup for now. Not saying it will be huge, but just because we had a small drop doesn't mean we will go down and go back to bear market, I think bull will continue as soon as this commercial break is over. We have too many people who bought at low, so we need to wait a bit before they all sell out and bull resumes again after that.

That's right, I remember last time in 2020 to 2021 period during new years 20k was a hard price to crack, it was the previous ATH so it took some time to go over it, and it moved between 17k to 20k levels up and down constantly, it moved between those prices 5 times before it could finally crack above 20k, and I believe that the same type of movement will happen again.

Not at the same price probably, but it will have hard time going higher and it will move up and down many times before it could go up again. This is common because everyone thinks maybe they should take profit, and some others know it could go up even more, so we let the sellers get out before we continue higher.