BTC rise described as false bull

[ilovealtcoins]

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.

[bestcoins1]

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.

[Nrcewker]

The people who worry about their money thinks and tries to interpret things through various aspects. This is the reason for which they are claiming this rise as a false bullish market. I completely understand their sentiments, but they also need to understand the resistance that Bitcoin is currently facing. We are the ones for which the price of the coin fluctuates, so yes for that reason if we say bullish to the current rise, then definitely we are missing out the bigger profit from this rise. I would rather say not to waste the opportunity and hold till Bitcoins reaches new all time high.

[TheGreatPython]

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.

[fzkto]

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.

[STT]

Ironically the longer a trend goes uninterrupted and untested the more false it might be in its dynamics.  A normal bullish trend continues with strength in its stride despite many wounds and swords stuck in its side thats why its called a bull it has an stoppable strength to its character.   To go only up can become quite suspect.   Right now we are not really at that point, its a very good rise by BTC standards mostly understandable by the amount of time and size movement we fell prior.

[AverageGlabella]

Ironically the longer a trend goes uninterrupted and untested the more false it might be in its dynamics.  A normal bullish trend continues with strength in its stride despite many wounds and swords stuck in its side thats why its called a bull it has an stoppable strength to its character.   To go only up can become quite suspect.   Right now we are not really at that point, its a very good rise by BTC standards mostly understandable by the amount of time and size movement we fell prior.

I disagree a bull run can be stopped if we were in a bull run when the ftx scandal happened do you think that investors and whales would have ignored that and continue to pour money into the market? I think they would be more likely to sell because of the panic that it caused. A bull run is not unstoppable and all past bull runs have been stopped. The same for a bear market if a big event happens that is positive it would stop a bear market from progressing.

[buwaytress]

Certainly not one of the best phrases I've become accustomed to; bull trap feels more elegant and fakeout more snazzy. False bull sounds just a bit like someone trying too hard (even if I'm sure it's a common phrase).

I'm not new to the idea of every rally being called a trap though (and conversely, every pullback a death spiral).

[GeorgeJohn]

it's too early to say bullish has come, I think the movement at the beginning of the year is the initial pump and new enthusiasm in trading at the beginning of the year after the market always declines, stay careful when investing, all risks are borne by the individual,

I wonder why people who always emphasis on such point that Bitcoin have come to stay and the bullish has taken over the market and the bearish also has gone from the market of cryptocurrency. I believe that Bitcoin still have along way to conclude on the price it will take to indicate that it's out of bearish

[ancafe]

There is always a risk of investing that involves money in the process of carrying out and that's why one must understand before getting involved in any form of investment, although people say if one is willing to take risks, then the chances of success are far greater. At least we often listen to this advice, but in my opinion someone should have the option to analyze these risks, even including bitcoin investments that have proven to be good in the long term or short term.

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?

There is no big worry about the current market reaction, although the possibility of a fake stronghold that makes bitcoin has increased, if you pay attention to the long process that bitcoin has gone through, there are many roles involved when the price starts to recover and gradually increases, this relationship is not can be studied in the form of a reference or four-year cycle relationship is the big name of the gradual recovery process towards more stable prices.

In the economic concept, goods increase as a result of demand and supply, although this cannot be calculated whether or not this occurs in bitcoin, scarcity, choice and decision making usually apply. There is hope for bitcoin this year, before heading to the next ATH.

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.

The role of risk is always involved in every decision that is taken, the next question is how ready is someone to take risks, if bitcoin returns to a severe correction stage or towards a more severe negative trend?
This answer can be answered if one understands the bitcoin cycle.

[rodskee]

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.

drops to 22k once again , and yeah I know this will stays this way for at least another week or more? before finally reaching 25k.

we already see it happening that bitcoin or the market is in Bull running but yeah there will be more of this scenario so be ready for this to happen.

I'll keep mine and will be happy seeing the price growing in the coming days.

[Pejoh Asu]

Many people think that the increase in bitcoin is a temporary pump to make investors continue to buy, but I think that the current increase in bitcoin is a small thing because in the future it will continue to increase, the biggest factor that will make the price continue to increase is the number of users who have increased, the fact The latest is that more and more countries are legalizing bitcoin and a significant increase has occurred in Africa.

[Dave1]

Many people think that the increase in bitcoin is a temporary pump to make investors continue to buy, but I think that the current increase in bitcoin is a small thing because in the future it will continue to increase, the biggest factor that will make the price continue to increase is the number of users who have increased, the fact The latest is that more and more countries are legalizing bitcoin and a significant increase has occurred in Africa.

Regardless, we have seen this fake breakout in the past and sometimes it's not as we have thought it is. Now the run seems to be real, last 24 hours, we reaches $23,500 although another correction, it the line of 2%-3%. But the price didn't go down that much, so the bulls has the control of the market and if what you say is true that adoption is getting bigger specially in continent such as Africa, then it could still fuel the bull run that we have seen since the start of this month.

[ethereumhunter]

Many people think that the increase in bitcoin is a temporary pump to make investors continue to buy, but I think that the current increase in bitcoin is a small thing because in the future it will continue to increase, the biggest factor that will make the price continue to increase is the number of users who have increased, the fact The latest is that more and more countries are legalizing bitcoin and a significant increase has occurred in Africa.

It was a pump as the price went from $15k to $23k, the temporary high that bitcoin could reach yesterday. But as for the future price potential, it will surely be able to surpass the last ATH price and that will be our biggest advantage at that time. The current rise in bitcoin is indeed modest but this is a good thing because it provides proof to the people who half believe in bitcoin that it will surely rise again at the right time. And even if it is ultimately a fake bull run that bitcoin goes through, it doesn't matter because the price of bitcoin is sure to see a rapid rise in the future.

[Fara Chan]

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.

So far the movement of Bitcoin is still very good and is still in a small bull market, we believe this is not a trap from a bull market, until now the price of Bitcoin is in the area of $ 22.8k, making us happy by ending the month of January above $ 20k and above , The price of Bitcoin at the moment gives good news for longtime holders who fully trust, those who buy in the $ 16k price range I think the current state of the market and being at the current Graphic point is still profitable for them.

The target of people investing is of course studying the market charts and waiting for a decline to buy, they will continue to hold back until they see the movement of the Bitcoin price chart touching a higher value, those who had bought below the Bitcoin price which was $20k-$16k yesterday, of course this still giving profit on the selling, we think bull's movement will continue although only sloping with small bulls. We say this is a small bull market and not a bull market trap, the movement of the Bitcoin Chart will continue as it is, it does not always go down and it does not go up all the time, we take advantage of this good situation to hold Bitcoin.

[justdimin]

So far the movement of Bitcoin is still very good and is still in a small bull market, we believe this is not a trap from a bull market, until now the price of Bitcoin is in the area of $ 22.8k, making us happy by ending the month of January above $ 20k and above , The price of Bitcoin at the moment gives good news for longtime holders who fully trust, those who buy in the $ 16k price range I think the current state of the market and being at the current Graphic point is still profitable for them.

The target of people investing is of course studying the market charts and waiting for a decline to buy, they will continue to hold back until they see the movement of the Bitcoin price chart touching a higher value, those who had bought below the Bitcoin price which was $20k-$16k yesterday, of course this still giving profit on the selling, we think bull's movement will continue although only sloping with small bulls.
we say this is a small bull market and not a bull market trap, the movement of the Bitcoin Chart will continue as it is, it does not always go down and it does not go up all the time, we take advantage of this good situation to hold Bitcoin.

I think it will definitely be something that gives everyone some hope, it's not going to be easy, but it's going to be something that will take just a bit of time. I know that it's going to be a bit of a decent situation where I think it will take a bit of a time, but it's going to end up with a good amount of profit in the long run. I think small bulls do not matter because it's going to be pretty wild and pretty entertaining and pretty good.

I just think that we could end up with something that could be pretty good, it's just about the fact that we need to do something much better, and for that to work we need to just wait and hold so that we can profit when it goes up, if not then we had whole 2022 like that so it's fine.

[pantek talacuik]

Many people think that the increase in bitcoin is a temporary pump to make investors continue to buy, but I think that the current increase in bitcoin is a small thing because in the future it will continue to increase, the biggest factor that will make the price continue to increase is the number of users who have increased, the fact The latest is that more and more countries are legalizing bitcoin and a significant increase has occurred in Africa.

it is natural that Bitcoin will be legalized every year in new countries to make transactions easier to do, but the price of Bitcoin cannot be determined from that alone because there are many other factors that you can see.

[twiki]

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.

Can you explain?

You think we will not see the $70,000 price again? (at least until the halvinag in 24).

[Sebas.tian]

I think, this is a sign to all long term investors and short term investors to know that this year 2023 will be more better than last year 2022, because Bitcoin price started displaying by increasing from $17,000 to $23,000 in the month of January. Based on what investors are experiencing from the crypto market few weeks ago show that bullish market is very close to investors and it will be favourable for investors to prepare well so that no one will Miss the opportunity when the price hit higher. The opportunity to buy Bitcoin and hold is still on which investors can still increase their capital by buy more of Bitcoin and other cryptocurrencies for future purpose.

[19Nov16]

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.