BTC rise described as false bull

[uneng]

It's not a false bull or bull trap, as the tendency is already lasting for a whole month, and probably it will. I believe if it were a trap it wouldn't have lasted for longer than one week. Bitcoin is retaking its previous position from last year, before the time seasonal holidays started, that is usually when people cashout their funds to travel and buy gifts, consequently crashing BTC. However, there can be bull traps soon on Bitcoin's way towards superior price ranges, such as 40,000$ and 50,000$.

[1715332075]

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[Yaunfitda]

It's not a false bull or bull trap, as the tendency is already lasting for a whole month, and probably it will. I believe if it were a trap it wouldn't have lasted for longer than one week. Bitcoin is retaking its previous position from last year, before the time seasonal holidays started, that is usually when people cashout their funds to travel and buy gifts, consequently crashing BTC. However, there can be bull traps soon on Bitcoin's way towards superior price ranges, such as 40,000$ and 50,000$.

It's obvious that this is not a bull trap, this has been ongoing for quite sometime now and probably will continue till next month. And for those who have thought that this is a bear trap, they could have lost some money waiting for the price to decline, in my opinion.

And yeah maybe as we go to this crazy runs in the bear market, I'm also seeing that once we touch $40k-$50k there could be a huge correction. Probably the last one is this bear market before we enter next year for the block halving and then the real bull run. So we shall see.

[sana54210]

The gradual rise in the price of bitcoin as we started experiencing this January 2023 from around 17k to now 23k (as at when this thread was made), is been described by some traders as a false bull which everyone should be careful about, but then, I wonder how something we all have been expecting while approaching the year 2023 is now coming into play, yet some persons still feel it's a false bull, while some others are pulling in more money due to the bull signs of this January.  What do we think about this as a community here?

People who think this is a false bull are spreading FUD and thats not good for the market. It's going up, let it go up and be good, why try to stop it one way or another? I mean I understand that you are afraid, but if you are afraid that this is a false bull and not a real bull run start, then keep it to yourself.

If you keep it to yourself then if it's a false bull then you would be right, and if it's not then it will go up and profit us all, and meanwhile you would not be trying to convince others of getting out because it's a false one. I honestly expect people to help bitcoin go up, but see too many people end up being terrible as it is right now and not a good method.

[OgNasty]

No fake bull 4-year cycle has bottomed and this was the rally of people who knew this and were ignoring the news events, which let’s face it, might as well be called the manipulation events. Bitcoin is bigger than the scammers and fake businessmen trying to get rich from it. Ignore the noise and watch the 4-year cycle. At this point it should be so fucking obvious to anyone who has been here any significant time that if you’re still losing money trading you have only your greed to blame.

[Woodie]

False bull sounds out of place, maybe too clichéd too
But based on market structure the current trading range of bitcoin could be classified as a pull back trying to create a new lower high before a lower low and down it goes again... but should price keep going up breaking ~$25k price, then it's safe to say bitcoin is back on a bullish trend!
But for now fingers crossed hope the momentum doesn't fade any time soon to allow price break these psychological price barriers.

[AverageGlabella]

There will always be people that will think that certain price movements are caused by manipulation or whatever theory they could think of, regardless of direction; and it's mostly voiced out by people who missed out on pumps, or bought heavily before dumps.

Or people who think they are experts and can predict the price. Most of these people are not great at what they do and they just shout out random things instead of what is happening. You have got the people who just state the obvious like what is happening now and you got the others that just go and predict something opposite to what is happening now. That is usually the predictions people make without any insight.

[takuma sato]

bulls and bears are declared 6months after the fact... meaning its a retro active term..
much like inflation and recession are only officially announced 6 months after the up or down.

however people dont have patience and so they want to shout bull and bear too quick. thus when they get it wrong they say that it was a false bull..

actual fact is they were too impatient and want to call out things before the defined terminology meets its criteria

thus its the callers, shouters, screamers. with impatience that are the trap/false declaration .. not the market

people shouting bull or bear the day they see a rise or fall are just idiots

And the most money is probably made by taking a position during these 6 months before the market officially shows that we've been in a bull/bear market, so you have to gamble nontheless if you want to maximize your gains (which of course means maximizing risk too, but that's part of the game).

[Jating]

There will always be people that will think that certain price movements are caused by manipulation or whatever theory they could think of, regardless of direction; and it's mostly voiced out by people who missed out on pumps, or bought heavily before dumps.

Or people who think they are experts and can predict the price. Most of these people are not great at what they do and they just shout out random things instead of what is happening. You have got the people who just state the obvious like what is happening now and you got the others that just go and predict something opposite to what is happening now. That is usually the predictions people make without any insight.

TA can help, but I do agree that there are no experts here, if we did then they should be millionaires by now. It's all wild and educated guess and there are just speculators who might hit their predictions right, but for sure there are only a few of them, but still it's not a exact math.

And most of the time if their are a lot who predicted this X price in the coming months, usually the market goes on the opposite direction and that's why prediction is very hard, it will go on the other side when you least expected of it. So this is like a game that is hard to predict and it's going to be a hit or miss to us.

[_act_]

It's not a false bull or bull trap, as the tendency is already lasting for a whole month, and probably it will. I believe if it were a trap it wouldn't have lasted for longer than one week. Bitcoin is retaking its previous position from last year, before the time seasonal holidays started, that is usually when people cashout their funds to travel and buy gifts, consequently crashing BTC. However, there can be bull traps soon on Bitcoin's way towards superior price ranges, such as 40,000$ and 50,000$.

Even if it is a trap, people that invested at $16000 are gaining now, the price would have to reduce back before another unrealised loss. The price of bitcoin may fall below $20000 again, but why should people call it a trap? Anyone that want to invest when the price of bitcoin is significantly low like this time and do not want any unrealised loss should just never invest. Some people do not want to think that $100000 is possible by next year or next two years, they are only talking about bull trap when the price of bitcoin is even still low.

[michellee]

There will always be people that will think that certain price movements are caused by manipulation or whatever theory they could think of, regardless of direction; and it's mostly voiced out by people who missed out on pumps, or bought heavily before dumps.

Or people who think they are experts and can predict the price. Most of these people are not great at what they do and they just shout out random things instead of what is happening. You have got the people who just state the obvious like what is happening now and you got the others that just go and predict something opposite to what is happening now. That is usually the predictions people make without any insight.

TA can help, but I do agree that there are no experts here, if we did then they should be millionaires by now. It's all wild and educated guess and there are just speculators who might hit their predictions right, but for sure there are only a few of them, but still it's not a exact math.

And most of the time if their are a lot who predicted this X price in the coming months, usually the market goes on the opposite direction and that's why prediction is very hard, it will go on the other side when you least expected of it. So this is like a game that is hard to predict and it's going to be a hit or miss to us.

And that's why we don't have to believe other people's opinions. We do our own analysis to determine when it's time to trade. Most people don't want to analyze themselves but want to know the results of other people's analysis, even though it's not necessarily true.

People who share their predictions on social media can provide us with more clues because there must be something different from the results of the analysis we did. So if you get analysis results from social media, you should find out why they can analyze like that because you can get more clues from the results of their analysis.

[tokeweed]

It's not a false bull or bull trap, as the tendency is already lasting for a whole month, and probably it will. I believe if it were a trap it wouldn't have lasted for longer than one week. Bitcoin is retaking its previous position from last year, before the time seasonal holidays started, that is usually when people cashout their funds to travel and buy gifts, consequently crashing BTC. However, there can be bull traps soon on Bitcoin's way towards superior price ranges, such as 40,000$ and 50,000$.

Even if it is a trap, people that invested at $16000 are gaining now, the price would have to reduce back before another unrealised loss. The price of bitcoin may fall below $20000 again, but why should people call it a trap? Anyone that want to invest when the price of bitcoin is significantly low like this time and do not want any unrealised loss should just never invest. Some people do not want to think that $100000 is possible by next year or next two years, they are only talking about bull trap when the price of bitcoin is even still low.

Yup I think a lot of people are getting concerned with stuff that they shouldn't get concerned about.  People should just ask themselves how they could trade the recent move and make a little bit of something on the side.  Just trade the move and set up your stop loss.  For all we know BTC could rise up to 30k before going back down again, which could make for a good short on the way down and make a little more something something.  

[GigaBit]

The gradual rise in the price of bitcoin as we started experiencing this January 2023 from around 17k to now 23k (as at when this thread was made), is been described by some traders as a false bull which everyone should be careful about, but then, I wonder how something we all have been expecting while approaching the year 2023 is now coming into play, yet some persons still feel it's a false bull, while some others are pulling in more money due to the bull signs of this January.  What do we think about this as a community here?

As for me, I believe profit in business comes with risk taking(calculative risk) whether long or short, all anyone should always hold to heart is don't risk more than you are ready to let go in the case of loss.

One thing almost everyone in the crypto community knew that the bull market would begin in 2024. Bitcoin's 4 year cycle indicates that too. But when the market started to grow in early 2023, most of the crypto community was a bit confused. Is it really a bull run? or may be a little positive sign. But the current market is definitely back to a good position from where it was stay. The current BTC price is now around $23000 and one thing to note is that it is not touching $24000 thousand. Due to which the market is still in a recovery situation. So investment should be done with caution.

[capedbaldy]

One thing almost everyone in the crypto community knew that the bull market would begin in 2024. Bitcoin's 4 year cycle indicates that too. But when the market started to grow in early 2023, most of the crypto community was a bit confused. Is it really a bull run? or may be a little positive sign. But the current market is definitely back to a good position from where it was stay. The current BTC price is now around $23000 and one thing to note is that it is not touching $24000 thousand. Due to which the market is still in a recovery situation. So investment should be done with caution.

So far the 4 year cycle has never changed so keep watching the market in the middle of the year and the end of the year, very volatile price movements this will doubt some investors because they have a different analysis ahead of the 4 year cycle, but for certainty we will wait for the end of year price position and i believe 4 years will happen to reach new ATH price.

[DOH!]

Bitcoin has found strength again and seen bullish signals earlier this year. If that expression is considered as false bullish is also normal because the whole market has been falling for quite a long time, panic are still there. I think this up move is very promising but it hasn't convinced me yet, so I will wait for more bitcoin price at the end of the month.

[bestcoins1]

So far the 4 year cycle has never changed so keep watching the market in the middle of the year and the end of the year, very volatile price movements this will doubt some investors because they have a different analysis ahead of the 4 year cycle, but for certainty we will wait for the end of year price position and i believe 4 years will happen to reach new ATH price.

Four years if you count from the ATH that Bitcoin has ever achieved, then it is likely that there will be another big increase in price next year. But if you calculate from the previous price decline, it means that there is a possibility for ATH to occur again in 2025 and monitoring prices continuously at this time is the right thing to do, especially for those who want to sell at a higher price than now. And let's hope that before this month is over, Bitcoin can pass the price of $24K.

[GreatArkansas]

Most people will say that the obvious bull run started are those people who missed the train still won't ride, lol.
But, we can't blame them. They have their own perspective and opinion. For me, what happened in the last few months of the year 2022, was very sideways for Bitcoin, and at the start of 2023, we saw a huge move for Bitcoin started to break $20,000, and now Bitcoin is already above $23,000.

[Wiwo]

False bull sounds out of place, maybe too clichéd too
But based on market structure the current trading range of bitcoin could be classified as a pull back trying to create a new lower high before a lower low and down it goes again... but should price keep going up breaking ~$25k price, then it's safe to say bitcoin is back on a bullish trend!
But for now fingers crossed hope the momentum doesn't fade any time soon to allow price to break these psychological price barriers.

Yes let's keep our fingers crossed watching to see which direction and outcome bitcoin will be in the coming week/months before declaring a cycle, must people speculate more lows and fewer highs, but ultimately Bitcoin does not follow any pattern consistently and things change quickly with Bitcoin most especially when the dices for that change and the matric are there to make it happen. But expecting lower could be a little out of proportion since the price has indicated a line pattern that points to bitcoin's total departures from the low zone when Bitcoin crossed the 20k price region before heading to the current $23k+ price at the moment.

[BenCodie]

I made a post in Bitcoin might reach $30,000 in the first half of 2023 and $50,000 in the second over here that also concludes that this rise is probably a ploy to attract retail investors before another catastrophe. The logic of that thread is sound in a world without manipulation and high power influence. We aren't in that world however. It would not make sense for a steady increase over the entirety of a year as it would mean a very positive outcome for retail investors. Based on history, it would make more sense to ploy in retail investors over a period of time, destroy their confidence and their games, then explode suddenly over a short period of months until the halving and onward. I am no expert, but it definitely seems more likely than a steady increase. I am looking forward to seeing how things play out and I do hope that the recent decline to $15k was not the last buying opportunity!

[bitterguy28]

It's not a false bull or bull trap, as the tendency is already lasting for a whole month, and probably it will. I believe if it were a trap it wouldn't have lasted for longer than one week. Bitcoin is retaking its previous position from last year, before the time seasonal holidays started, that is usually when people cashout their funds to travel and buy gifts, consequently crashing BTC. However, there can be bull traps soon on Bitcoin's way towards superior price ranges, such as 40,000$ and 50,000$.

still early to say either this is Bull run or Bull trap mate because we have seen  something like this before but after a strong growth ? yet it dumped and there are many who had been trapped inside .
but of course with this shows of force from Bitcoin supporters now, we can still have big faith that this is a legit bull run.
and also calling this as false bull is an overstatement , because there is no concrete proof that had been showing this claim.

[stadus]

It's not a false bull or bull trap, as the tendency is already lasting for a whole month, and probably it will. I believe if it were a trap it wouldn't have lasted for longer than one week. Bitcoin is retaking its previous position from last year, before the time seasonal holidays started, that is usually when people cashout their funds to travel and buy gifts, consequently crashing BTC. However, there can be bull traps soon on Bitcoin's way towards superior price ranges, such as 40,000$ and 50,000$.

still early to say either this is Bull run or Bull trap mate because we have seen  something like this before but after a strong growth ? yet it dumped and there are many who had been trapped inside .
but of course with this shows of force from Bitcoin supporters now, we can still have big faith that this is a legit bull run.
and also calling this as false bull is an overstatement , because there is no concrete proof that had been showing this claim.

Whatever it is, whether it is a fake Bullrun or not, at least we see the price of Bitcoin increasing which I think was satisfying enough that we don't have t lose our faith but rather make it strong. I was expecting this kind of market sentiment after bear season, short pumps can happen. But we never expect that the market had already recovered, we are just about to start and accumulation seems growing which triggers the price surge as well. We will wait until the 2nd quarter, if the momentum keeps on - that can be going to be bullish.