BTC rise described as false bull

[jossiel]

Let everyone what they want to believe and speak for the predictions that they have. We all are not the same if it's about the market, if there are people that think this is just a bull trap then let them believe with that because there's a possibility that they're also correct.

And at the same time, let them allow us to believe what we want to believe that the bear market was already done and everything is according to the pattern based from the historical movements of bitcoin. False bull, bull trap or what they call it, it is still the market to decide and will show us what we really are at.

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[GeorgeJohn]

Until now, many people still don't understand the volatile nature of the market, and they got crazy finding reasons why the price was pumped or why it dump.  Why can't just think it was the nature of the market, not a manipulation? Honestly, it was not really the time to see the market in Bullrun, we can't expect such a fast recovery at all. The price, of course, will change because of the changing in demand and supply. People are buying which naturally increases the price, yet it was temporary.

By now some people supposed to know the nature of the market, it's obvious that the market of cryptocurrency get accelerated due to the demand and supply, and sometimes an information triggers the fast movement of increment in Bitcoin, so it's not a wonder. Bitcoin increase because of the gravity of demands applies in the market sphere.

[Smack That Ace]

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.

People are expecting bitcoin to go up this year because we had a bloody year. But as you know, bitcoin is unpredictable, and it goes up and down without reason, so a spike will definitely make people suspicious, you can't blame people who are doubting, this is a normal investor reaction.

Bitcoin has rallied to $23k, but there is nothing to confirm that we are past the bear season and entering the bull season. So there is nothing wrong with people doubting whether this is a fake bull run or not.

[ethereumhunter]

This is a good situation for us because we are seeing a reversal of bitcoin that could take bitcoin to a higher price than before. The year 2023 can give investors confidence to keep investing in bitcoin because there is a possibility that the price of bitcoin will increase very high before or after the halving later.

But this condition still can't be called a bull run because the price is still far below the last ATH price but it can be called a reversal. I like it better that way because that's what's happening now. But we must be aware of the current situation because no one knows where bitcoin will go.

[Dickiy]

A lot of people say that, and maybe we think so too, I think it's fair for people to say that this is a fake fortress because of the careful sense of financial management when investing in bitcoin, and maybe it's because they have experienced it in the past year and advised others to be careful, but bulltrap news could be made to hold back market movements because they entered the market too late.
There are two possible mindsets here, but for long-term investors I don't think it will affect any decisions, except for investors who want to be able to buy during a correction to continue their DCA.

For short term traders perhaps to be more careful.

[Yatsan]

We cannot those people who thinks of such thing simply because we came from a struggling market behavior on the past few months. Also, maybe there is just no concrete reason for the increase which somehow gives doubt to investors on the increase we are currently seeing. Well, I do think that this is just a spike with the market prices resulted from different factors. Still, I am more expecting of a huge increase on market prices next year. Assumption because of what happened in the past and since factors which caused the market price to fall is still existing. There are chances for sudden pumps but there is no certainty of a continuous one.

[zaki12]

For me the increase that occurred at the beginning of this year in January was not a fake bull because it was based on an increasing number of requests in the market so that Bitcoin increased slowly. Fake bulls can indeed be created by a group of people but I don't think that it is being created now because I think the increase now is a very clear and genuine thing from the demand that is in the market.

If indeed the Bitcoin boom thing is now to be dismissed as a sham, why is the price drop always considered to be so genuine? Meanwhile, decreases and increases always occur in the market over time every year. So it wouldn't be logical for upgrades to be seen as fake now even though some people already think it's fake, but I don't care what other people think of this.

It makes sense to your opinion, why when bitcoin rises to be considered a bull fake while when Bitcoin has decreased not considered a fake bull.
I analyze Elliot Wave on Weekly and there is a probability of bitcoin still to $ 25k - $ 30k to finish Wave 4 and dump again to complete Wave 5. If according to the Bitcoin scenario it will still rise until the early February.

[Frankolala]

Investors are just impatient with their invest and are eager to make profit that is why they will say bitcoin has hit the bull market,forgetting that they are not speculators and don't understand the cyclic movement of bitcoin. There are reasons for the recent rise in price which we should put into consideration

Relaxing and hodling for long will bring for benefits to investors who are patient and understands the market. Don't be deceive by the little pump in the price of bitcoin to 23k and feel its time to sell as you might regret your actions when the real bull market comes after bitcoin halving.

[DaNNy001]

Investors are just impatient with their invest and are eager to make profit that is why they will say bitcoin has hit the bull market,forgetting that they are not speculators and don't understand the cyclic movement of bitcoin. There are reasons for the recent rise in price which we should put into consideration

Relaxing and hodling for long will bring for benefits to investors who are patient and understands the market. Don't be deceive by the little pump in the price of bitcoin to 23k and feel its time to sell as you might regret your actions when the real bull market comes after bitcoin halving.

I think there is nothing like impatient here because the coins belongs to the actual person or investor so i believe he or she has the leverage to sell off whenever he dims fit. For me i think no ones truly understands the volatility of bitcoin and all these talks about fake bull market are just human speculations which is common especially when you have some funds invested in bitcoin. If you come to look at the whole thing,  i believe the major speculation on the crypto space are really done and said by major investors saying this words as a means of telling themselves that they can soon sell or not yet time. And again if i bought bitcoin in the price of 15k and sold now thats it 23k, i feel am the one who is going to bear the pain of selling now, when Another ATH is reached but no one actually knows when or how its going to happen. Its just like the coming of Christ  it might be this year or next who knows.

But i feel or speculates that the facts about the bitcoin halving is what is going on now currently with bitcoin. I believe bitcoin is just in the phase of building momentum for the big bull run so everyone should just choose wise wisely what they have to do with their coins .

[KennyR]

We cannot those people who thinks of such thing simply because we came from a struggling market behavior on the past few months. Also, maybe there is just no concrete reason for the increase which somehow gives doubt to investors on the increase we are currently seeing. Well, I do think that this is just a spike with the market prices resulted from different factors. Still, I am more expecting of a huge increase on market prices next year. Assumption because of what happened in the past and since factors which caused the market price to fall is still existing. There are chances for sudden pumps but there is no certainty of a continuous one.

During the days of price pumping, there is no incident happened connected to bitcoin. This is why people find this growth to be real one. As there is no reason, some connected the fashion show in which El Salvador representative came with a Bitcoin sign. As said the bounce have given hope to the investors as well as gives peace of mind for the people who have been holding for much longer time period.

[STT]

It could be described as a relief rally, relief from the continual downtrend we had prior.    Just not selling all the time and the continual negative momentum, that cessation could result in a bounce in price for sure.   Not sure I would call that false exactly, its a reasonable effect seen many times over.  The question is how much of this positive mood and gains last over months not just weeks.

I wanted to look at the origins in this area, over 2 years back now.  The highs of the past summer might prove more important first of all, with a 200 week and 50 week average colliding around 25k it seems possible caution is the best approach.   The actual average isnt the resistance more of a red flag of a turn around, 25 or 27k I think could be the top of this move.  Overall I think we do ok so long as any pullback isnt too harsh, the selloff can be a positive to flush out sellers.
  Overall I dont find the move fake but unproven till we pass that retest or pullback however you might phrase it.

[dragonvslinux]

It could be described as a relief rally, relief from the continual downtrend we had prior.

It's a relief rally for sure imo. But just like 2019 a relief rally can retrace most of the downside move, all the way to $50K, if it happened soon enough it'd still be a relief rally.

Nobody wanted to really acknowledge that going from $3.2K to $14K was a relief rally, but when we came back to norm around $6K it became pretty clear.

Also depends on your definition of relief rally I guess. For me it's simply just a rally that won't achieve a new all time high.

[jostorres]

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.

It is too early to tell either way, however I suppose those which claim this is a fake bull run or a bull trap do it for several reasons, the first one is the bull market is not really expected to come until much later so they think the timing is wrong, another reason is simply about probabilities, as there are many more fake bull runs than real ones, so they simply estimate this growth in the price is temporary and at some point the bears will retake control of the market.

Yes, because there is no bull run yet but what we experienced is only just a small recovery. A false bull run is when the bull run didn't lasted for a long time but I don't think someone is doing that on purpose for others to lose after they buy more due to much excitement. You are right that people who thinks of it has their own reason.

If only there is no upcoming halving, I think the views of those people will change. They have nothing to wait for which are more guaranteed so they only hope for the best at any moment. It's sad to think that there are more bears than on bulls but I think it happens for a reason. Just like in gambling there's also more losers than winners.

[Myleschetty]

Due to the market's four-year cycle, the bullish market was not typically anticipated to occur now. I believe this is why some people believed the current rise in the price of Bitcoin to be false, but as the market becomes more conscious, certain aspects of the market will change.

[Odusko]

Due to the market's four-year cycle, the bullish market was not typically anticipated to occur now. I believe this is why some people believed the current rise in the price of Bitcoin to be false, but as the market becomes more conscious, certain aspects of the market will change.

This development is a welcome development and a very favourable one for bitcoin investors even though the perceived bull market return have not left its circle time frame to be declared as a bull movement return.

But from the look of things, in the first quarter and early
second quarter of the year 2023.
we can be sure to be able to accurately declare whether or not we are in a bull market or bear market but at this point, we are still at recovery phase with a lot of pull back to look out for as the price struggle to gain it bullish traction.

[JoyMarsha]

What's made up of the crypto market is the upwards and downward movement of its price. The crypto market is volatile, and we expect to see this kind of movement in the price of bitcoin from time to time until the bull run starts.

Given that the current increase of $23k leaves us unsure of how high it can go, it will be premature to label this type of price movement as a bull market.

I've had bitcoin as a long-term objective, and I only recently realized that the recent price spike marked the beginning of bitcoin's recovery

[ShowOff]

It's Okay, I was just wondering how fake this bull is after all this January it has been in bull phase. I just believe that this increase is very reasonable, but bitcoin only got this reaction too late after briefly down to $15K. In fact I've seen that $20K has held, and now I'm even more confident that $25K will be hit soon either through the rest of January or in February.

I just want to enjoy this hike without worrying too much about what's next. Just invest and accumulate as much as you can afford, it will get better in the long term. Then ignore people's assumptions.

[capedbaldy]

It's Okay, I was just wondering how fake this bull is after all this January it has been in bull phase. I just believe that this increase is very reasonable, but bitcoin only got this reaction too late after briefly down to $15K. In fact I've seen that $20K has held, and now I'm even more confident that $25K will be hit soon either through the rest of January or in February.

Actually not from a fake bull run but a recovery move from all year lows late last year, btc price has increased significantly in january but after a correction perhaps the $20k area will hold and hope never to return to this year's lows.

I just want to enjoy this hike without worrying too much about what's next. Just invest and accumulate as much as you can afford, it will get better in the long term. Then ignore people's assumptions.

The predictions and assumptions of other people cannot be used as a guideline for analysis, so other people are free to argue according to their skills but we remain focused on our investments and increase investment assets before the bullish will really come in the future.

[rhomelmabini]

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.

False bull run or not it's still a good thing that it was able to break resistance on the $23k and that's a good feat for Bitcoin. Many believe that it will be 2024 or 2025 would be the great year for cryptocurrency since everyone is anticipating the halving. Bull run starts to accumulate a year before the halving so 2023 is accumulation phase.

[Oilacris]

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.

Bull traps or bear traps which it isnt something that very surprising condition here on crypto space whether you are dealing with Bitcoin or other altcoins in the market which it is really just the typical

moments or conditions which you would be able to face on.One of the hardest thing on dealing up with a speculative market on which you dont know on where would be the reversal of the price
specially when its moving sideways on which there's no way that you could be able to identify out on where it would be heading and this what makes things even
more challenging.