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Author Topic: Is the bull run near already?  (Read 588 times)
Doan9269
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May 25, 2023, 04:47:57 PM
 #41

Regarding the last point, yes, those who did not buy Bitcoin should take advantage of the opportunity before it is too late, even those who bought and own dollars, I advise them to strengthen their positions from this point, this point may not be the best, but it is good to buy.

Right on point, we are still in the bear season, one can buy or invest in bitcoin today and hodl, we are already close to the bullrun as expected coming next year 2024 after the halving has taken place or when close to it, this event will surely come and not until then, those that have invested and are still holding will enjoy the ride on bullrun, the best digital currency to always go for still remains bitcoin and no other.

In addition to the positive news coming from China, we are on a close date with the Bitcoin halving, so the bull is very close and everyone should take advantage of the opportunity before they regret it later.

Something is telling me also that maybe China want to take advantage of this year bullrun to invest and make more money, seems they are taking the ban on bitcoin with liniency this days or they are just pulling down our legs, we cannot predict what they are upto once it comes to discussions on business.

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May 25, 2023, 04:48:17 PM
 #42

The CEO of Binance, Changpeng Zhao just tweeted and I quote, he said that;

“CCTV (China Central Television) just broadcasted crypto. It's a big deal. The Chinese speaking communities are buzzing. Historically, coverages like these led to bull runs.

Not saying past predicts the future. And not financial advice.”

Link to Changpeng Zhao’s tweet


Those that have experienced the bull run before, does events like this leads to bull run or signifies that bull run will happen anytime soon?

And those that haven’t bought bitcoin, does this signify that they need to necessitate buying some now before it’ll be too late?


And yet Bitcoin is banned in China. I don't think the new will have a huge impact because the government of China is still firm on their decision.  Unless China reopen its country to Bitcoin by lifting its ban, any news about Chinese activity on Bitcoin will do nothing.

A country's acceptance especially if it belongs to the top country can bring a huge impact on the market but small news like that will never move the market nor cause a bull run.  Bull run will happen because it is already due and the catalyst for it is about to happen in less than  year.

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May 25, 2023, 05:13:54 PM
 #43

~
Those that have experienced the bull run before, does events like this leads to bull run or signifies that bull run will happen anytime soon?
There was a time when news like these would have an impact on the price but back the the price of BTCitcoin was below $1k but at the current situation news like this will not have an impact. The transaction charges once again jumped up in the past few days and it is highly unlikely we will see a big rally with situations like these.

And those that haven’t bought bitcoin, does this signify that they need to necessitate buying some now before it’ll be too late?
The price is volatile and you can always enter the market whenever you like and if you are smart enough you will be able to earn a good profit in the long term and the notion of too late is not appropriate as you always have the opportunity to enter but the profit percentage might change with the delay in taking positions.



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May 25, 2023, 06:16:07 PM
 #44

And those that haven’t bought bitcoin, does this signify that they need to necessitate buying some now before it’ll be too late?
The price is volatile and you can always enter the market whenever you like and if you are smart enough you will be able to earn a good profit in the long term and the notion of too late is not appropriate as you always have the opportunity to enter but the profit percentage might change with the delay in taking positions.

I guess this is the most important part rather than impactful good news. I believe now is the best time to buy bitcoin if they haven't already by 2022, I mean obviously because right now the bitcoin price is low enough to consider. We are still at -61% of bitcoin price to ATH 2021, so if they are confident enough in the long term return potential, then I guess they should buy it for whatever amount they can afford to lose.

Of course I don't recommend them to 100% invest their budget in bitcoin, but having some spare budget is also necessary. They can buy with a DCA strategy or something, this is meant if the bitcoin price goes down instead of recovering as expected.

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May 25, 2023, 06:34:53 PM
 #45

But in fact there is no reaction to the price when there is this news, so it is still very difficult to determine when the price will go up and down, even though we have done an analysis of the current movement, it is not too significant that I see.
I guess with buy/sell orders it's become commonplace but I'm always on the news it's always affecting anything and bitcoin has a history where at certain times it's going to be a real bullrun it's stated after the halving and how we'll see of course hoping for a lot more after that event.
All hope is on next year's Halving. But for now Bitcoin is still in bear mode. it's no wonder that bitcoin is still bearish because some FUD keeps showing up to keep bitcoin from going up.
But once some of this FUD is gone then there will be an increase in the price of Bitcoin and a bull market will come soon. Now just need to buy and hold, it's the best choice.

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May 25, 2023, 07:39:41 PM
 #46

Remember that Binance as well goes out of China if I remember it right, so CZ really knows a thing or tow as how the Chinese government works specially with crypto exchanges that's why majority of them leave China for good. And some people might see this as a positive development, as it could lead to increased regulation and oversight of the cryptocurrency industry in China.  But once some of this FUD is gone then there will be an increase in the price of Bitcoin and a bull market will come soon. Now just need to buy and hold, it's the best thing now.
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May 26, 2023, 02:20:34 AM
 #47

One time for sure is that the price today can manage close above 100 EMA meaning is like mid-trend for bull at 26K. So it is the bull run near I would say the bear is near to end.

and according to coin glass like what taufik123 said



We might see mini bull run maybe can close above 30K level at July

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May 26, 2023, 04:01:02 AM
 #48

And those that haven’t bought bitcoin, does this signify that they need to necessitate buying some now before it’ll be too late?
The price is volatile and you can always enter the market whenever you like and if you are smart enough you will be able to earn a good profit in the long term and the notion of too late is not appropriate as you always have the opportunity to enter but the profit percentage might change with the delay in taking positions.

I guess this is the most important part rather than impactful good news. I believe now is the best time to buy bitcoin if they haven't already by 2022, I mean obviously because right now the bitcoin price is low enough to consider. We are still at -61% of bitcoin price to ATH 2021, so if they are confident enough in the long term return potential, then I guess they should buy it for whatever amount they can afford to lose.

Of course I don't recommend them to 100% invest their budget in bitcoin, but having some spare budget is also necessary. They can buy with a DCA strategy or something, this is meant if the bitcoin price goes down instead of recovering as expected.

I really don't mind this information and don't think it's big enough to make a difference to the market at this point. I have not seen a bull run that will happen before the halving, so I don't think this little news will come as a surprise. And you are right, what we should be concerned with is accumulating bitcoins rather than waiting for the price to spike. But it's hard to say if this is the best time to buy bitcoin as anything is possible, but if we are investing long term and heading towards new ATH or $100k. This is the right time to buy bitcoin, and you should implement the DCA strategy, you should not buy bitcoin with 1 order.

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May 26, 2023, 06:54:59 AM
 #49

But in fact there is no reaction to the price when there is this news, so it is still very difficult to determine when the price will go up and down, even though we have done an analysis of the current movement, it is not too significant that I see.
I guess with buy/sell orders it's become commonplace but I'm always on the news it's always affecting anything and bitcoin has a history where at certain times it's going to be a real bullrun it's stated after the halving and how we'll see of course hoping for a lot more after that event.
All hope is on next year's Halving. But for now Bitcoin is still in bear mode. it's no wonder that bitcoin is still bearish because some FUD keeps showing up to keep bitcoin from going up.
But once some of this FUD is gone then there will be an increase in the price of Bitcoin and a bull market will come soon. Now just need to buy and hold, it's the best choice.
I think it will get a move going, we had a good season so far and it has gone up, even though it has gone done from above 30k but it has also gone up from 16k as well, that would be great. I think the best thing to do right now would be awesome in the end and should be considered as a great thing for all of us. There is a good chance we could end up with a big bull run coming up soon, and that is why I do not wonder about it and do not have anything to worry about.

People are going to end up with some fear because it has gone down, but considering the halving is less than a year away, it is going to get closer and closer to a bull run and that should be considering the situation as well as possible when we are getting closer as well.

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May 26, 2023, 07:00:57 AM
 #50

The bull run is something we are really waiting for because it allows us to get big profits, I have experienced big profits of almost 200% when in April 2021 the price skyrocketed, but if we pay attention to the current market conditions, of course we will find it difficult to see the market can be bull run, maybe after august because people will buy more before the halving in 2024 or another year.

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May 26, 2023, 07:02:33 AM
Merited by fillippone (3)
 #51

If you ask me, going from $16K to $26K is the bull run...  These runs have a tendency to last multiple years when you zoom out and tune out the noise.  Come next April, the block reward will be slashed in half and demand will likely be higher than it is today.  There won't be US government auctions and the mtgox coins will be distributed.  You're going to want to have a position built by then so I think the way to play it is to dollar cost average into the market for the next two years and then enjoy the rewards that come with that decision.

I think the bull run is in its early days, we might even get one last dive down and sweep of the lows. 2024 and 2025 are going to be years of number go up though, I am very confident of that.

People are running out of time to get cheap sats, I’d almost advise smash buying now as the price will be a lot higher in 2024 and 2025. Of course if you plan to HODL uber long term then the price difference of $26,000 and $32,000 for example won’t make much of a difference. You won’t care when it’s $250,000.

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May 26, 2023, 07:11:29 AM
 #52

Remember that Binance as well goes out of China if I remember it right, so CZ really knows a thing or tow as how the Chinese government works specially with crypto exchanges that's why majority of them leave China for good. And some people might see this as a positive development, as it could lead to increased regulation and oversight of the cryptocurrency industry in China.  But once some of this FUD is gone then there will be an increase in the price of Bitcoin and a bull market will come soon. Now just need to buy and hold, it's the best thing now.
Yes, buy and hold, it's the best now.
And whatever the news that will be released later, we must remain patient because the price increase will not come immediately and force the price to increase immediately.
There will be an increase slowly, and we have to remain patient until we see that the price can touch the last ATH.
The bull run will return, but we don't know for sure, so we must be prepared for all the possibilities.
And if the price still hasn't increased, we are still allowed to accumulate before the bull run comes, so we have to use it well.

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May 26, 2023, 08:07:55 AM
 #53

don't worry, the Bullrun is getting closer, because according to history, the price of Bitcoin is approaching the halving,
already bullish and after the halving, the price reaches new ATH, I believe 2024 is the start of Bullish,
because the price of Bitcoin can also stay above $ 20k, so my conclusion is that Bitcoin still has a very strong demand.

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May 26, 2023, 11:01:35 AM
 #54

If you're going to invest because you think China-related news is positive, excuse me for telling you, it's not 2017.
China has moved away from being an influential player crypto, and the popularity of cryptocurrencies has increased so that it is greater than Chinese FUD. If anything, it indicates the end of the red wave, because since we hear positive news after a long period of negative news, this means that the worst has happened, but Doesn't mean that the best is yet to come.

So in short, it's the end of the bear market, but not the beginning of the bull market.

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May 26, 2023, 01:16:29 PM
 #55

The CEO of Binance, Changpeng Zhao just tweeted and I quote, he said that;

“CCTV (China Central Television) just broadcasted crypto. It's a big deal. The Chinese speaking communities are buzzing. Historically, coverages like these led to bull runs.

Not saying past predicts the future. And not financial advice.”

Link to Changpeng Zhao’s tweet


Those that have experienced the bull run before, does events like this leads to bull run or signifies that bull run will happen anytime soon?

And those that haven’t bought bitcoin, does this signify that they need to necessitate buying some now before it’ll be too late?


Events like that absolutely create a FAKE Bullrun base on historical graph. One thing is tue about bitcoin price is when the global news is negative, it goes down initially then higher. When it's a good global news, it creates a fake run higher then tanks lower.
This is just base on my own observation. Not because it happened in the past it means will happen again in the future. No. Every price movement in the market is unique. One thing is or sure, we're currently at a phase when we're currently creating a consecutive higher highs means intermediate term bullish.

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May 26, 2023, 01:48:36 PM
 #56

I don't want to remind history, but the bull run will only come and happen after the halving. The bull run will never come just because of small news and nothing worth caring about like this news. In investing, having an optimistic spirit is great, but we need to be realistic, and not expect the impossible. Because it is straightforward to bring your morale down if expectations do not go as expected. I will not believe any news that can cause bitcoin to go up, and we will have a bull run this year, I will still just wait for the halving and only believe that it is the most powerful catalyst to make the bull season.

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May 26, 2023, 02:30:00 PM
 #57

I don't want to remind history, but the bull run will only come and happen after the halving. The bull run will never come just because of small news and nothing worth caring about like this news. In investing, having an optimistic spirit is great, but we need to be realistic, and not expect the impossible. Because it is straightforward to bring your morale down if expectations do not go as expected. I will not believe any news that can cause bitcoin to go up, and we will have a bull run this year, I will still just wait for the halving and only believe that it is the most powerful catalyst to make the bull season.
Well, I'd see that social media still influences the mindset of people. Someone could pretend he'll know everything about crypto and predict a bull run to come and then post on social media. But what I think is that history is a strong basis to tell when is the bull season and sadly, most of us fail to see it rather than just relying on predictions and news on the internet. I know we never know what will happen next and we all just live in prediction but you are right, the bull run comes after halving and that is what we experience in the past bull season and ATH.

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May 26, 2023, 04:03:11 PM
 #58

I think it will get a move going, we had a good season so far and it has gone up, even though it has gone done from above 30k but it has also gone up from 16k as well, that would be great. I think the best thing to do right now would be awesome in the end and should be considered as a great thing for all of us. There is a good chance we could end up with a big bull run coming up soon, and that is why I do not wonder about it and do not have anything to worry about.

People are going to end up with some fear because it has gone down, but considering the halving is less than a year away, it is going to get closer and closer to a bull run and that should be considering the situation as well as possible when we are getting closer as well.
Those who are afraid of the downside will buy bitcoin at the top, maybe in the $30k area and that's a pretty high price. but you are right about the big hike so far in 2023, higher than the $16k low a few months ago. People buying in the $16k price area are going to have a lot to gain and they may be holding out for now. The halving was something everyone had been waiting for, but before that happened it seemed the Whales were playing the market, manipulating and such.

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May 26, 2023, 04:39:34 PM
 #59

>snip
Those who are afraid of the downside will buy bitcoin at the top, maybe in the $30k area and that's a pretty high price. but you are right about the big hike so far in 2023, higher than the $16k low a few months ago. People buying in the $16k price area are going to have a lot to gain and they may be holding out for now. The halving was something everyone had been waiting for, but before that happened it seemed the Whales were playing the market, manipulating and such.
Anyone who has the opportunity to buy in the $16k area and hold bitcoin until now will get worth it returns.
Of course I think big investors who have the experience and the courage to take risks have bought lots of bitcoin in the $16k area a few months ago and are saving them for their long term investment plans.

The halving is expected to drive more interest in bitcoin which will slowly make bitcoin more expensive than it is now but I agree some whales still expect prices to drop lower for their investment plans before the halving. I believe the 2024 halving will have a bigger impact on the crypto market so that the bitcoin price growth will be even stronger.

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May 26, 2023, 07:06:39 PM
 #60



We might see mini bull run maybe can close above 30K level at July

When you look at the infographic above, you will see the breeze of bull run from January this year, while the significant upward trend that started this year hasn't actually continued as expected, but it is a sign that the bear market is very close to an end. The only duty of bitcoin now is to break the $28k resistance and form a formidable support at $30k

I don't want to remind history, but the bull run will only come and happen after the halving. The bull run will never come just because of small news and nothing worth caring about like this news.

The bull run always come in two phases, the first bull will happen during the weeks of the halving which is caused by the halving fundamentals. But then, there will be correction which will make people panic and sell, thinking the bull run is over.
It is after this you will see the main bull run which will likely record a new ATH.

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