Are we now on Crypto bull run?

[Dave1]

At the beginning of the year or in january the price rose by more than 40% and according to records was the biggest increase in a month, unfortunately after january the market continued to decline and made us always have to be vigilant because the market had difficulty touching $25k, many investors who were profit taking made price corrections and it was difficult for higher rising, of course we hope that the market is rising again or it can recover so we can party this year.

February was in the middle ground, and with that we are still on the positive gain for this year. However, March seems to be not so good year for us, historically the decline starts in March, but we shall see.

We've experience a dip again, as the price goes on the $23k range because of some negative news.

Again, let's just hope that March will be different as compare to its previous years.

[gunhell16]

In this entry of January 2023, the value of bitcoin increases little by little until the month of February entered it continued and played throughout the month between 23k$-25k$ more.

Now, as March enters, the price in the market has gradually decreased and as of now, its decrease has stopped at more than 22k$ and the resistance of its value has become calm according to the chart that I see.

Maybe what will happen is that its price will only play between 22k$ more than up to 23k$ plus in my opinion.

[19Nov16]

It seems that negative or bearish trends are still happening and we have not yet entered the bull run period, but as investors, the conditions like today are common, don't panic and sell assets cheaply so that we can regret one day.

[huu78]

from my point of view this is will be down more than 15500, so that will be a little pump for make people think its already over and change to bull run, but my prediction is bear market is not over yet, bitcoin must down to around 9000-12000 for the deep and it will happen this year.

[Rasa nanas]

no, the crypto market hasn't entered a bullish phase yet, but at least the current price is much better than at the time this thread was created. I also really believe that after this the price of bitcoin will continue to improve because many people are buying in preparation for the bullish that will most likely happen next year.

[wmaurik]

It seems that negative or bearish trends are still happening and we have not yet entered the bull run period, but as investors, the conditions like today are common, don't panic and sell assets cheaply so that we can regret one day.

You always say it like that. And if indeed someone is doing a job to regret, it is indeed a forced decision for him because sometimes selling at a low price can make him calmer than holding on with a wary heart due to watching the market and having to bear losses. Even though it would be better if an investor survives when the bearish occurs, because an investor must not only have capital, but also must have patience when the asset's price drops.

[Sir Legend]

The March market continues to decline and makes us worry if it drops again below $ 20k, it's been almost 2 years the market is sluggish and has made many investors choose to cut loss and look for other types of investment, but for those of us who are used to difficult conditions like this then buy more is the right thing.

[Unbunplease]

I don't think we should expect any serious growth in March, because usually March is not the strongest month for bitcoin. The main events will probably unfold in April 2023. The U.S. government may turn on the "printing press" again to solve the problem with the banks and may finish raising rates.

[AverageGlabella]

People are losing faith in fiat because of the Silicon Valley bank needing help from the government because they failed. A lot of people would have lost their money if the government did not secure a certain amount of money deposited in the bank. I think some people will look for alternatives to banks because of this event and if more banks require bailing out in the next year I think we will see a big increase of adoption because of people worrying about the stability of banks and if Bitcoin increases because of the demand going up it might go on a big bull run just before the halving event.

[Hamphser]

I don't think we should expect any serious growth in March, because usually March is not the strongest month for bitcoin. The main events will probably unfold in April 2023. The U.S. government may turn on the "printing press" again to solve the problem with the banks and may finish raising rates.

March-April and it wont really be that a good month but there's no assurance to that because despite of the negative fundamentals or news around but still we do able to see on whats the current market condition which is already becoming that green but of course it is really just that a normal day considering that if ever there's a correction here comes the recovery and this isnt something a shocking thing.

Also, lots of people or most of the community does really expect about the bull run happens on before or after of the halving event of Bitcoin which it might be the catalyst for such event.
Somehow there's no assurance that it might happen on that particular time but rather it could happen also on earlier timeframe too which it is really that hard to predict
on what lies ahead.

[bettercrypto]

People are losing faith in fiat because of the Silicon Valley bank needing help from the government because they failed. A lot of people would have lost their money if the government did not secure a certain amount of money deposited in the bank. I think some people will look for alternatives to banks because of this event and if more banks require bailing out in the next year I think we will see a big increase of adoption because of people worrying about the stability of banks and if Bitcoin increases because of the demand going up it might go on a big bull run just before the halving event.

Within a week that has passed I have noticed that 3 cryptocurrency related banks have suddenly closed the banking system. First is Silvergate, Signature bank, and Silicon valley.

    Then as far as I know those who deposited in Silicon Valley will get their money back in full as far as I know, because that's the way their government did it there. That's why the crypto community and coinbase are probably affected by this incident. But even if that's the case, they can look for others, it's that simple.

But bitcoin seems to have recovered immediately in the market from 20k$ it became 24k$+ again at the moment.

[TravelMug]

People are losing faith in fiat because of the Silicon Valley bank needing help from the government because they failed. A lot of people would have lost their money if the government did not secure a certain amount of money deposited in the bank. I think some people will look for alternatives to banks because of this event and if more banks require bailing out in the next year I think we will see a big increase of adoption because of people worrying about the stability of banks and if Bitcoin increases because of the demand going up it might go on a big bull run just before the halving event.

Within a week that has passed I have noticed that 3 cryptocurrency related banks have suddenly closed the banking system. First is Silvergate, Signature bank, and Silicon valley.

    Then as far as I know those who deposited in Silicon Valley will get their money back in full as far as I know, because that's the way their government did it there. That's why the crypto community and coinbase are probably affected by this incident. But even if that's the case, they can look for others, it's that simple.

But bitcoin seems to have recovered immediately in the market from 20k$ it became 24k$+ again at the moment.

Yes, because the US government are going to inject billions on their economy and doesn't like to see big banks closing. And with this news, suddenly the investors goes out and buy more bitcoin and other crypto or even stocks and bonds as they are also recovering.

So it's really a very big news for us. We think that his month is not very good based on it's previous history. However, we had another one of those big rallies in the market to push the price above $24k again.

[Sayeds56]

So it's really a very big news for us. We think that his month is not very good based on it's previous history. However, we had another one of those big rallies in the market to push the price above $24k again.

While it is true that Good news and events can cause surge in crypto currencies but it is important to keep in mind that crypto markets are highly volatile and subject to sudden fluctuations. Although Bitcoin has exhibited impressive performance during the current week and now trading above $24,300 but it will face tough resistance at $25,250 as indicated on weekly chart, it is important to surpass this resistance in order to continue upward momentum.

[Kadal Ijo]

Today it will be an important note that the price is up more than 17%, the transaction volume is more than $55 billion and making bitcoin will continue to make loyal users and continue to grow, after going through a difficult period due to the big case that happened in 2022 and the last one is FTX, 2023 was the start of a bull run because January was up more than 42% and today it has gone up more than 17% compared to yesterday's price.

[summonerrk]

In any case, it's too early to talk about a bull run in bitcoin. Let the US banking system have recently shown weakness, but I believe that the price of bitcoin has not yet adjusted. We need it to drop to 17 thousand dollars, and this would knock out all the hamsters. Pending orders will also work. And then a rocket called bitcoin will fly to 30 thousand.

[juhobtc]

In any case, it's too early to talk about a bull run in bitcoin. Let the US banking system have recently shown weakness, but I believe that the price of bitcoin has not yet adjusted. We need it to drop to 17 thousand dollars, and this would knock out all the hamsters. Pending orders will also work. And then a rocket called bitcoin will fly to 30 thousand.

Why exactly 17k, why is this level so important? It would be scarier for everyone if we now hit a new bottom, it would make many doubt and possibly sell.

[summonerrk]

In any case, it's too early to talk about a bull run in bitcoin. Let the US banking system have recently shown weakness, but I believe that the price of bitcoin has not yet adjusted. We need it to drop to 17 thousand dollars, and this would knock out all the hamsters. Pending orders will also work. And then a rocket called bitcoin will fly to 30 thousand.

Why exactly 17k, why is this level so important? It would be scarier for everyone if we now hit a new bottom, it would make many doubt and possibly sell.

I calculated seventeen thousand based on my graphical analysis. And I haven't heard anyone mention this number often yet. The fact is that if you draw an increasing curve of the support level connecting the bottoms of the price of the past time, it turns out that if bitcoin falls now, it will rest at 17k. No one disputes that it can go lower.

[asrinur]

I see that currently bitcoin is not showing signs of being bullish because the movement of bitcoin prices in the market is relatively unstable or running in place. Even bitcoin prices still have the potential to experience a decline from the current price.

[Semar Mesem]

Right, the market looks rising these few days or since March 5th, at the beginning of March, of course, many were frustrated because the price dropped again below $ 20k, but it only took a week for it to skyrocket and now the price has reached $ 28k, I'm sure the maximum is the 25th March the price is already at $ 30k, let's continue to buy to get big profits.

[Epaper]

In my opinion, although recently the price of bitcoin has started to rise, it seems that the cryptocurrency market may not yet be in a bull run phase. I view the current bitcoin price increase as a temporary price increase.