BTC rise described as false bull

[Jating]

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.

If we mean that we are in a false bull because the real bull run is right after the block halving. But if we are referring to a fake break out, just like what we are seeing, price seems to jump from lowest low in November and then to $24k++ it concerns other specially TA guys.

But for us you just look at the long term perspective of the our investment, I will say we really don't care about the current trend.

If you we are looking for like the next all time high, and so we just continue to accumulate as much as we can, the price right now is good but we are looking in a bull run to the tune of 6 digits and that is the most important and not analyzing the price short term.

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[Swordsoffreedom]

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.

This bull run has lasted 3 weeks, and it can be said that it is not a trap, but there is nothing wrong if someone is still doubting everything. Don't forget that bear season is not over yet, so extreme caution should be exercised as bitcoin can correct at any time. To me, this rally is just a short-term rally. The past bullish days have had no notable buy signals in the market to say that the demand for bitcoin is increasing. Bitcoin is very volatile and it can neither fall forever nor rise forever, it is always volatile.

[bettercrypto]

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.

If we look at the events from December to January, Bitcoin increased a lot from 15K$+ each, then it suddenly increased little by little with the highest being 24k+ just at the end.

    This incident may be just a prank hehe, just kidding aside only, but seriously, it's true that what we're doing has a risk involved, so other precautions are needed that on the other hand should still be saved of course. And the important thing is that we should still be risk-takers.

[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.

This bull run has lasted 3 weeks, and it can be said that it is not a trap, but there is nothing wrong if someone is still doubting everything. Don't forget that bear season is not over yet, so extreme caution should be exercised as bitcoin can correct at any time. To me, this rally is just a short-term rally. The past bullish days have had no notable buy signals in the market to say that the demand for bitcoin is increasing. Bitcoin is very volatile and it can neither fall forever nor rise forever, it is always volatile.

Yes, I don't put it aside that we are still in the bear season but at least we have seen these few pumps that could bring courage for the holder not to give up from waiting. I know how volatile is Bitcoin but I don't think also that we drop again below $20k this year. We have done with the FTX issue that badly affects the market reputation and we are now in the recovery. Might the current pump not be going bullish straight but I know people are happy about the market improvements.

[BitDane]

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.

This bull run has lasted 3 weeks, and it can be said that it is not a trap, but there is nothing wrong if someone is still doubting everything. Don't forget that bear season is not over yet, so extreme caution should be exercised as bitcoin can correct at any time. To me, this rally is just a short-term rally. The past bullish days have had no notable buy signals in the market to say that the demand for bitcoin is increasing. Bitcoin is very volatile and it can neither fall forever nor rise forever, it is always volatile.

Yes, I don't put it aside that we are still in the bear season but at least we have seen these few pumps that could bring courage for the holder not to give up from waiting. I know how volatile is Bitcoin but I don't think also that we drop again below $20k this year. We have done with the FTX issue that badly affects the market reputation and we are now in the recovery. Might the current pump not be going bullish straight but I know people are happy about the market improvements.

Even though it has been 3 weeks (as stated) for Bitcoin price recovery, I still can't remove the fact that this is still a bull trap.  For some reason, I am not fully comfortable with the current surge of the price.  This is bullish sentiment is premature and I am still doubting that it will continue to be bullish until the halving.  I am worry of some point  possible manipulators will cash out trapping bulls and when that happen I am more worry on the possible effect of the incident on the market which is Bitcoin price crashing hard.

[STT]

I dont think its a bull trap but clearly more then a little pullback has to occur to clear sellers out of the price action.  Recent high was weekly average and present price is at the 30 day average, it can stabilize here or continue to harder ground while finding support.



Its quite an abrupt sell but also is in line with Dollar index rising and general market  pulling back also.   21k appears to be a far more likely ledge to catch a fall.

[Captain Corporate]

It is definitely not a "false bull", it went from 16500 or so levels to 23500+ levels, which is a proper increase and not some small increase. People are too much afraid of the price and they keep making these type of comments and I keep getting sick of it. There is nothing wrong with trusting yourself and bitcoin at the same time, its a good project and you should be able to trust it enough to buy as much as you could afford without ruining your life. I am not saying put all the things you have in bitcoin, you can just put some and trust it, but to avoid it because you think its a false bull? Thats a very bad move and will not end nicely for anyone.

[lixer]

This bull run has lasted 3 weeks, and it can be said that it is not a trap, but there is nothing wrong if someone is still doubting everything. Don't forget that bear season is not over yet, so extreme caution should be exercised as bitcoin can correct at any time. To me, this rally is just a short-term rally. The past bullish days have had no notable buy signals in the market to say that the demand for bitcoin is increasing. Bitcoin is very volatile and it can neither fall forever nor rise forever, it is always volatile.

Yes, I don't put it aside that we are still in the bear season but at least we have seen these few pumps that could bring courage for the holder not to give up from waiting. I know how volatile is Bitcoin but I don't think also that we drop again below $20k this year. We have done with the FTX issue that badly affects the market reputation and we are now in the recovery. Might the current pump not be going bullish straight but I know people are happy about the market improvements.

I thought we are already in a bull run? He just said it above. Is he confused or what? But if I were to give my own impression, I will say that we are not yet in a bull run. Mini/tiny bull run maybe, but I prefer to call it as a recovery. We know once the real bull run has arrived when each coins are pumping like crazy and breaking their past ATH's.

Old hodlers knows what they are doing but the one who are truly encouraged about the recovery that we see last time are the newbies. Some says that $20k or less is still possible. Well, anything can bound to happen here. This is the beauty of being volatile, don't expect that hard dumps can only happen if there is serious negative news.

[BITCOIN4X]

I thought we are already in a bull run? He just said it above. Is he confused or what? But if I were to give my own impression, I will say that we are not yet in a bull run. Mini/tiny bull run maybe, but I prefer to call it as a recovery. We know once the real bull run has arrived when each coins are pumping like crazy and breaking their past ATH's.

For whatever term it is then I think the increase in the last month is really good and also expected. How could it not be, the price has gone up quite significantly since November 2022 even though in the last 24 hours it has down by 4%. The market recovery has been good since last year's low, but a correction is inevitable since February 3.

This is the beauty of being volatile, don't expect that hard dumps can only happen if there is serious negative news.

It's a dynamic, I tend to say.

[BitDane]

It is definitely not a "false bull", it went from 16500 or so levels to 23500+ levels, which is a proper increase and not some small increase. People are too much afraid of the price and they keep making these type of comments and I keep getting sick of it. There is nothing wrong with trusting yourself and bitcoin at the same time, its a good project and you should be able to trust it enough to buy as much as you could afford without ruining your life. I am not saying put all the things you have in bitcoin, you can just put some and trust it, but to avoid it because you think its a false bull? Thats a very bad move and will not end nicely for anyone.

It is possible to be a false bull, even a bull trap.  Other refers the current price trend as relief rally, a higher low.  Other even stated that we are not yet out of bear market.  So I think it is not bad to be cautious in time like this were the Bitcoin trend is in a critical stage of being bullish or bearish.  But one thing is sure here.  If we believe that Bitcoin will uptrend then we can just continue to accumulate, if we are in for a long term this issue whether this is a bull trap or a bull run will not affect us.  we just keep on buying bit by bit until we think we have enough.