BTC rise described as false bull

[dimonstration]

Just recently browse a random message on the telegram group that I join about this same topic. One picture caught attention that is worth sharing in time like this. I believe false bulls depends on the time frame we are looking at because Bitcoin is still in the bull run base on the general overview of the price if we look at the chart since the beginning and not zoom in to the current year alone.

[Minor Miner]

The actual bull run hasn't happened yet, but I also agree that this is not a trap, it's a normal market movement. Bitcoin can neither fall forever nor rise forever, it is always in motion, and that is what is happening. Regardless if it's a trap or not, but with the price increase, congratulations to those who believed and bought bitcoin for $16k.

Now Bitcoin is starting to correct again after yesterday it had increased and is approaching the $24K price range, but those who had bought Bitcoin at the $16K price range are still very lucky if they sell now because the Bitcoin price is still above $23K now and this is clearly not a trap or the like. But what is happening now is a normal thing that happens very often in the market every year, except last year where Bitcoin has decreased more than increased.

I don't see a correction because when I look at the price, it was still $23k the same with yesterday. Maybe what happened is just a tiny decline. It's not bothering at all but can be good for those who are into short-term trading/investing. If they can utilize even the tiniest dip then they can also pull out some profits.

When someone buys at the dip and then sell when the price rises for profits, I don't consider that as a luck but that happens for a reason. Luck is something unexpected to happen and mostly felt when we are playing a gambling inside a casino. An increase that we felt lately, isn't something that occurs often and that is why many are eager to take advantage of it by selling.

Trade is really like gambling now. Bitcoin has been rising suddenly since the beginning of the year. Some coins, like aptos, are also pumping up. After such a prolonged fall, any rise seems strange. But what alarms me is that there is no volume right now during the rise. This could be indicative of a bull trap.

If it is a bull trap, it may only be short-lived, but so far, bitcoin is showing signs of continuing to rise, and this bull run has lasted for almost a month, bitcoin is up nearly 40%, so it is impossible not to call this is a trap. Everything is questionable, we can't say it's a trap and there's no sign of a bull season coming while we're a long way from the halving.
I'm also being very careful, at first, I thought it was just a trap, but what's happening doesn't look like a trap. It's hard to know what state the market is in.

[maydna]

Just recently browse a random message on the telegram group that I join about this same topic. One picture caught attention that is worth sharing in time like this. I believe false bulls depends on the time frame we are looking at because Bitcoin is still in the bull run base on the general overview of the price if we look at the chart since the beginning and not zoom in to the current year alone.

Does that mean we will soon see another rally in the bitcoin price, as shown in the picture? If this is true, we must prepare ourselves to take advantage of the moment to act. But the bull run may not come this year because the price needs to be increased again to close to the previous ATH price. And while it was close to the previous ATH, the bitcoin price may take a break while waiting for another good moment to start a real rally. This will be interesting as we don't know the next ATH price.

[Fara Chan]

I'm sure that the current rising price is due to positive sentiment from the many companies that are serious about making bitcoin an asset or investment, moreover big campaigns from top exchanges like crypto.com, coinbase and so on so that new users continue to grow, besides that whales of course have interests to keep bitcoin able to continue to rise or recover in the current year.

From the company side, they have adopted Bitcoin, and some of them have made investments and kept it as an asset, this is good for Bitcoin and is one of the factors that has caused it to rise, apart from that, some people have started investing in bitcoin, from here you can see demand and Bitcoin supply is getting better and causing a rise in Bitcoin price even though it has a reasonable correction, we think this is the beginning of Bitcoin recovery.

[inthelongrun]

I would not call bitcoin's price increase from $15k to $23k a false bull. That was an increase of 53% or over $200 billion that went into bitcoin. But maybe people are used to the previous bitcoin bull runs and will only call a bull run when it increased to 1,000% or more. So I'll just call bitcoin's previous increase in price a mini bull run but that was not fake. Can we also call bitcoin's previous bull run at $68k fake because it gradually went down to as low as $15k last year? It's just normal that the market goes up and down. A big increase in value means a big correction later since not all investors are looking for long-term holds. There are also investors that are looking for profit and will sell their stake anytime when profits are good enough for them.

[Hamphser]

I would not call bitcoin's price increase from $15k to $23k a false bull. That was an increase of 53% or over $200 billion that went into bitcoin. But maybe people are used to the previous bitcoin bull runs and will only call a bull run when it increased to 1,000% or more. So I'll just call bitcoin's previous increase in price a mini bull run but that was not fake. Can we also call bitcoin's previous bull run at $68k fake because it gradually went down to as low as $15k last year? It's just normal that the market goes up and down. A big increase in value means a big correction later since not all investors are looking for long-term holds. There are also investors that are looking for profit and will sell their stake anytime when profits are good enough for them.

People would be pertaining on a short span of time and wont really be tending to look back on where we had started to make out some recovery but its true that 15k to 23k isnt something that could be called as a

fake out considering on how far we've been able to moved out then we can say that it is really gradually making it some recovery which we are all really that hoping after having such decline.False bull or not
on which these chances and tendencies for it to happen isnt something that we could really be able to predict on.

This is why risk management is really that crucial and very important when it comes to your entry and exit points of this market.

[STT]

Positive reaction to the weekly average again keeps the bullish story alive.    The larger issue is the resistance overhead to deal with but I dont think BTC can be called negative at this moment.

A trade I follow recently was commentating on another chart, I believe he said when 50 day rises above the 200 day it can be a moment of indecision.  In that this period is not especially tradable, we still have the 50 day below 200 so we might be approaching the uncertain area is how I interpret that.  It still doesnt make it a false bull, alot of price action good or bad is not always easy to read for now I have to view BTC as acting positively.  I believe over the rest of the year it wont all be clear weather but thats something to tackle as it happens.


double test, resolved up.   Possibly consider caution if we are not beating that recent prior high 23962

[Lubang Bawah]

Bulls and bears are commonplace and we shouldn't be too bothered by it, the most important thing right now is to keep buying so that when the price goes up we can get a profit, successful people won't think and analyze too much, let other people be busy for analysis but we busy to buy, when the price rises, the analyst only gets praise that the analysis is correct, but those of us who buy get profit.

[Pesona1]

Bulls and bears are commonplace and we shouldn't be too bothered by it, the most important thing right now is to keep buying so that when the price goes up we can get a profit, successful people won't think and analyze too much, let other people be busy for analysis but we busy to buy, when the price rises, the analyst only gets praise that the analysis is correct, but those of us who buy get profit.

What you said about bulls and bears is indeed commonplace, but in fact bull and bear will greatly affect a person mentality to trade,  buy without analysis is stupid in my opinion as well as being busy analyzing but not buying of course it's just talk blank, I personally may disagree a little with what you say about Successful People are Busy Buying , because basically many of them are successful in making profits after they have managed to analyze the market well so far, besides that if you continue to buy without analysis and just following your passion, you can be sure that losses will befall you because sometimes we don't know where the price will go down and when we think the price has reached the lowest point even though the decline continues and eventually our money will be stuck at that price.

[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.

The actual bull run hasn't happened yet, but I also agree that this is not a trap, it's a normal market movement. Bitcoin can neither fall forever nor rise forever, it is always in motion, and that is what is happening. Regardless if it's a trap or not, but with the price increase, congratulations to those who believed and bought bitcoin for $16k.

actually bullrun or not? what matter most in my part is that I am already winning here and so what I only need to do now is to act accordingly and never to fall from FUD and wrong decisioning , Now that I am earning ? i only watch the market to decide if needed to sell if there is a momentum in dumping , or if this continue to grow then i will hold more.

[TravelMug]

Bulls and bears are commonplace and we shouldn't be too bothered by it, the most important thing right now is to keep buying so that when the price goes up we can get a profit, successful people won't think and analyze too much, let other people be busy for analysis but we busy to buy, when the price rises, the analyst only gets praise that the analysis is correct, but those of us who buy get profit.

You are somewhat correct but you have to understand that they existence depends on how the market moves, right now although we are technically in a bear market, we have seen the price going up like in a bull season.

But I would agree that we should continue to buy no matter what scenario we have.

Just needed some money and mental patience to be in bitcoin game for long term, or wait till the next bull run.

[fzkto]

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.

The actual bull run hasn't happened yet, but I also agree that this is not a trap, it's a normal market movement. Bitcoin can neither fall forever nor rise forever, it is always in motion, and that is what is happening. Regardless if it's a trap or not, but with the price increase, congratulations to those who believed and bought bitcoin for $16k.

actually bullrun or not? what matter most in my part is that I am already winning here and so what I only need to do now is to act accordingly and never to fall from FUD and wrong decisioning , Now that I am earning ? i only watch the market to decide if needed to sell if there is a momentum in dumping , or if this continue to grow then i will hold more.

It's very difficult to just hold on to coins and watch the market as it rises. You must have a strategy in which you sell your coins at the price you thought of earlier. If you don't have a strategy, you can easily panic when the market gets volatile. It is therefore very important to have clear targets before you buy your coins.

[Wong Gendheng]

I would not call bitcoin's price increase from $15k to $23k a false bull. That was an increase of 53% or over $200 billion that went into bitcoin. But maybe people are used to the previous bitcoin bull runs and will only call a bull run when it increased to 1,000% or more. So I'll just call bitcoin's previous increase in price a mini bull run but that was not fake. Can we also call bitcoin's previous bull run at $68k fake because it gradually went down to as low as $15k last year? It's just normal that the market goes up and down. A big increase in value means a big correction later since not all investors are looking for long-term holds. There are also investors that are looking for profit and will sell their stake anytime when profits are good enough for them.

Strange if the very large transaction volume is described as false bull, the bigger Bitcoin community makes everything very possible, I'm sure the increase that has occurred is the first step and soon we will see the price of touching $ 50k this year or possible More, the best thing right now is to stop thinking and seeing the analysis, it's better to sell assets or taking a loan to buy bitcoin.

[Ziskinberg]

I think we need to forget about the fake Bullrun as we are about to recover now. Let us say that we are not really in a bullish market but this is not the thing we consider that the current pump is a trap. It can be fake anyway to other coins but as we talk about Bitcoin, a decentralized project can't be manipulated. Why not let the price of Bitcoin pump when in fact, people were also happy about the situation?

The market will not be forever in a deep situation which is why we expect a pump any time, and it comes.

[stomachgrowls]

I think we need to forget about the fake Bullrun as we are about to recover now. Let us say that we are not really in a bullish market but this is not the thing we consider that the current pump is a trap. It can be fake anyway to other coins but as we talk about Bitcoin, a decentralized project can't be manipulated. Why not let the price of Bitcoin pump when in fact, people were also happy about the situation?

The market will not be forever in a deep situation which is why we expect a pump any time, and it comes.

We cant really say that we are really that in a bull run but rather i do believe that it is really just some small percentage recovery.People do really love to rush up things on which they do love to see new all time
highs on the time that they are seeing the price is starting up to climb which we do know that not how this market works and behaves.It would be not a smooth sail ride but rather it would
be involving lots of waves which goes up and down neither on slow or fast pace or everything we could think off and this is how this market works and lets not rush up but
rather we should be wise on taking up positions.

[posi]

I think we need to forget about the fake Bullrun as we are about to recover now. Let us say that we are not really in a bullish market but this is not the thing we consider that the current pump is a trap. It can be fake anyway to other coins but as we talk about Bitcoin, a decentralized project can't be manipulated. Why not let the price of Bitcoin pump when in fact, people were also happy about the situation?

The market will not be forever in a deep situation which is why we expect a pump any time, and it comes.

I can agree that what's going on with bitcoin is not a trap. It was a natural bounce after many days of decline, but technically we are not out of bear season, so we can't say we will recover from here without any further drop.

Bitcoin is a decentralized project which means no one has control over it, but in terms of price, I think bitcoin is still the most manipulated market. The price of bitcoin is not determined by supply and demand, but by whales.

[LogitechMouse]

I also thought about it, but it's been around 3 weeks since it reached the $20,000 price and also reached as high as $24,000 price.

When I saw it, I thought it was a false breakout and I expect it to go down soon. Now 3 weeks after, I might change how I see it and I guess it's more like, the market really is starting to recover now since it has stayed above $20,000 for 3 weeks now. Let's see if it will stay at that price for a month. Still, I would like to remain cautious because what happened is kind of surprising to others since we don't know what is the reason of this recent price spike.

Overall, it's good to see Bitcoin's price above $20,000 again, but I'll stick to my 2023 prediction that Bitcoin's price will stay at the price range of $17,000-$25,000.

[bestcoins1]

Bulls and bears are commonplace and we shouldn't be too bothered by it, the most important thing right now is to keep buying so that when the price goes up we can get a profit, successful people won't think and analyze too much, let other people be busy for analysis but we busy to buy, when the price rises, the analyst only gets praise that the analysis is correct, but those of us who buy get profit.

That's called buying rashly without using the mind on what he is buying. Because whatever will happen and regardless of conditions that can still change in the market, you really don't have to ignore your own mind for anything including buying. Because doing something without thinking sometimes can also make you miserable, so thinking and analyzing is actually something that must be considered important for every job.

What you said about bulls and bears is indeed commonplace, but in fact bull and bear will greatly affect a person mentality to trade,  buy without analysis is stupid in my opinion as well as being busy analyzing but not buying of course it's just talk blank, I personally may disagree a little with what you say about Successful People are Busy Buying , because basically many of them are successful in making profits after they have managed to analyze the market well so far, besides that if you continue to buy without analysis and just following your passion, you can be sure that losses will befall you because sometimes we don't know where the price will go down and when we think the price has reached the lowest point even though the decline continues and eventually our money will be stuck at that price.

This understanding that you provide makes a lot of sense and is also very precise because after analyzing the market and immediately rushing to buy is a very good path for everyone to take. Because at least everyone already knows what they're buying after they've researched it well. But for those who only analyze without buying, it's the same as they won't get anything in a good moment. Vice versa where someone buys without relying on research or his own mind.

[Hypnosis00]

Well, I expect that the majority are not yet convinced with the current situation, doubts remain and I feel that every time when prices increase.
In two weeks of consecutive price pumps, I don't think we still need to think about it as a trap but we rather think this is gonna happen after the year in bearish. Might not be a bullish time in the market but I'd consider this as an indication that the demand is growing. Meaning that one of these days the price of Bitcoin will possibly reach $30k if the momentum won't stop.

[Joshapat]

As investors we don't think too far, many people think too much whether the current increase will continue or bull for a moment to attract other investors then the price drop is worse than in 2022, I think the best thing if we are afraid is to sell immediately when we are profitable, then wait the price drops again to buy, but don't be surprised if the price will continue to rise and become increasingly expensive.