Is the bull run near already?

[STT]

We've on the prior highs for our current lows so its a retraction but still feasibly bullish in that movement.  When it breaks those lows it can be speculated to be a wider and weaker then thought situation but at present it could go either way still and its very hard to say otherwise with certainty for this current period of time.


Hourly bars over the last day or so are holding a fair low which relates to prior highs.   If I drew a similar line for weekly closing bar at March start it would be fairly similar at about 29k but beyond that we may have to revise the whole quarter progress to check and verify its valid and thats more like 25k area of pricing.  Once that task is done I think we do rise and its fair to plan as much, call that bullish if you like but its not happened just yet.

[justdimin]

While I’ve personally enjoyed the doubling in Bitcoin price since the bottom, I am still awaiting the anticipated bull market for this cycle. In my opinion, the real bull market won’t officially kick off until after the correction that will come immediately after the halving next April. I suspect a bottom around next 4th of July will provide an entry point for a year long run that will amaze people.

I think I really agree with what you said that a bull market has not yet been seen and it is too early to predict.
in my opinion, given the current situation there will be another correction, but this correction will provide a jump before the halving era to come.
of course the correction will give enthusiasm to continue buying and holding for the future.

Bull market will be seen, and to be fair I would consider that time when we moved from 15k to 30k+ levels were a bull run, if people think that wasn't bull I do not know what it was. The price went more than double higher and if you think that's not bull then nothing is bull. So, we may not be at a bull period right now, and I mean literally right exact this second, but we were in bull period not too late ago.

This is why I believe that it is going to work out in the end. We need to make sure that things end up being something that will be benefiting us all without a doubt. I realize that it is not really a good situation to be in, but we could definitely be seeing it change for sure without a doubt, it is just matter of time.

[Kadal Ijo]

I think bull run doesn't seem to be happening in the near future, even today the market is red again so it touches $28k, of course this makes me not think too short term, the thing that might make a bull run is early 2024 because there will be a halving day.

[CarnagexD]

I think bull run doesn't seem to be happening in the near future, even today the market is red again so it touches $28k, of course this makes me not think too short term, the thing that might make a bull run is early 2024 because there will be a halving day.

It's not yet happening in the future because we're already in it. It already passes many resistances with little retracement lower or rejection going higher. It has no difficulty to trade higher. Impulse moves are more dominant to the upside. I am talking here in a technical analysis stance. This is my bias at the time being and I will stick to that until I am proven wrong. We're still halfway of the year, so we might still get more excitement and changes going forward.

[CryptoBuds]

I think bull run doesn't seem to be happening in the near future, even today the market is red again so it touches $28k, of course this makes me not think too short term, the thing that might make a bull run is early 2024 because there will be a halving day.

Historically, the bull season will come just a year after the halving, so expecting a bull run to come before the halving is hopeless. While the market had some good news like the EFTs or the SEC lawsuits were over… it wasn't enough to trigger a bull season. For me, it takes a lot of factors to make a bull market but the halving is still the biggest factor, so I will only start thinking about the bull season after the halving occurs.
What we should expect this year is a rally or larger corrections for buying opportunities, it depends on each investor's expectations.

[CageMabok]

I think bull run doesn't seem to be happening in the near future, even today the market is red again so it touches $28k, of course this makes me not think too short term, the thing that might make a bull run is early 2024 because there will be a halving day.

Right now this is not a bull run condition, but rather a holding condition where yesterday the Bitcoin price, which had fallen to $28K, could still increase back to $30K even though it only happened briefly because now the Bitcoin price has returned to $29K. This means that the current moment is more about the moment for Bitcoin to hold on to $30K before increasing more in the next year, so I wouldn't call this moment a bullrun either.

Because what is happening in the market now is very different from the bull run conditions that have occurred in Bitcoin before, but it will be difficult for anyone to say for sure whether a bull run can actually occur at the beginning of next year, because this also needs to be driven by other effects that can affect market in the next year.

[Fivestar4everMVP]

I think bull run doesn't seem to be happening in the near future, even today the market is red again so it touches $28k, of course this makes me not think too short term, the thing that might make a bull run is early 2024 because there will be a halving day.

I agree with you but not with the prediction, in the past bull runs I've witnessed, the bull run always happens during bitcoin halving, but then, this is not to say that times are not changing, in-fact, if there be any thing I've been so worried about in crypto, is the fact that the coming bull run might be the biggest and the last  of its kind we will see or witness, but then, I don't think it will happen in the early next year as you have predicted, it might take up to the third, fourth quota or even the beginning of 2025 for the bull run to start.

But then again, when the bull run will happen isn't so important, what I think is more important right now is, for us all to invest, get prepared adequately so we wont be caught unawares.

[Dr.Bitcoin_Strange]

I think bull run doesn't seem to be happening in the near future, even today the market is red again so it touches $28k, of course this makes me not think too short term, the thing that might make a bull run is early 2024 because there will be a halving day.

I think you are confusing the situation. You know that Bitcoin halving is taking place next year, and during every Bitcoin halving, it's noted that the market usually experiences a bullish movement, so I think the future of a bull market is already near. It might happen next year or in 2025. With the price getting to $28,900 yesterday, I even thought it might go below, but I'm seeing it's still trading around $29k. Every month usually has a different move in the market, and it's not yet time to become so bullish as the market can even dip to $27k this month.

[Joshapat]

I think the hope for a bull run will occur at the end of the year, the news that the halving day which will occur in early 2024 will certainly be taken seriously by investors so they will buy at the end of the year in the hope of selling after the halving day which usually increases by at least 200%, we'll see if the end of this year can touch $ 50k or not, if the price is still as it is today then the 2024 halving day will be as usual as it is today.

[khiholangkang]

I think bull run doesn't seem to be happening in the near future, even today the market is red again so it touches $28k, of course this makes me not think too short term, the thing that might make a bull run is early 2024 because there will be a halving day.

I think you are confusing the situation. You know that Bitcoin halving is taking place next year, and during every Bitcoin halving, it's noted that the market usually experiences a bullish movement, so I think the future of a bull market is already near. It might happen next year or in 2025. With the price getting to $28,900 yesterday, I even thought it might go below, but I'm seeing it's still trading around $29k. Every month usually has a different move in the market, and it's not yet time to become so bullish as the market can even dip to $27k this month.

Lately bitcoin's movement has been quite confusing, previously moving towards bullish but he stopped at the wall of $ 32k which made him have to correct this deep again to $ 29k, and it seems that today bitcoin is also declining again, which makes the market turn red , we are currently walking in a sideway lane with high volatility, the possibility is that at the beginning of October we can see a good increase, or a green market that is moving, for August-September I still doubt it.
Halving may be an important indicator here to increase investor interest because it is able to encourage interest in buying bitcoin which causes bitcoin to experience a bullish age, but who knows what bullish level will be suppressed by the halving bitcoin this cycle, whether at the price level of $ 40k or more or more lower than that?...

I think the hope for a bull run will occur at the end of the year, the news that the halving day which will occur in early 2024 will certainly be taken seriously by investors so they will buy at the end of the year in the hope of selling after the halving day which usually increases by at least 200%, we'll see if the end of this year can touch $ 50k or not, if the price is still as it is today then the 2024 halving day will be as usual as it is today.

Today the bearish still hasn't gone away, but we don't know if the end of the year will be bullish or not on bitcoin, or it just happens like now and revolves around $20k+ - $30k+ price level, we can't say for sure today, or talking about an increase maybe it could be more or it could be lower in the current halving cycle, what is certain that we need to do is continue to accumulate bitcoins when the market is still bearish like now.

[onecall123]

I think the hope for a bull run will occur at the end of the year, the news that the halving day which will occur in early 2024 will certainly be taken seriously by investors so they will buy at the end of the year in the hope of selling after the halving day which usually increases by at least 200%, we'll see if the end of this year can touch $ 50k or not, if the price is still as it is today then the 2024 halving day will be as usual as it is today.

Today the bearish still hasn't gone away, but we don't know if the end of the year will be bullish or not on bitcoin, or it just happens like now and revolves around $20k+ - $30k+ price level, we can't say for sure today, or talking about an increase maybe it could be more or it could be lower in the current halving cycle, what is certain that we need to do is continue to accumulate bitcoins when the market is still bearish like now.

I understand your point. It's difficult to predict whether the price of BTC will go up or down. There's a possibility that it could surpass 32k and continue rising to 40k or more. However, now, Bitcoin performing kinda weak as it can't maintain a value above the 20ma. In this situation, we might expect a decline to around 28k or even 25k. The next Bitcoin halving is expected to take place in April or May of 2024( however it's based on the number of blocks mined, rather than a time limit). I believe that most significant movements will occur in the third quarter. It will be interesting to observe how everything unfolds.

[Asuspawer09]

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?

This wasn't really some kind of significant event to the cryptocurrency community or something like Bitcoin. I mean for sure this is going to affect the cryptocurrency market price at some point but for sure it wasn't going to be a big impact. It wasn't even that trendy I mean yes it appear in some articles but the reality is it didn't have a big effect, I mean not all good article is going to have a big impact it was just great news on cryptocurrency about crypto broadcast. Also, China has a lot of controversy when it comes to cryptocurrency so that could also be a thing.

I could trigger the Bullrun is the Bitcoin Halving event if you just going to look at the bitcoin halving timeline you could already see the effect of it in the market, so just based on the past data we could easily assume that there is going to be a huge movement after that event like in the past Bitcoin halving for sure. I mean its already a good time to buy because when the market is stable like this that is the time when some doesnt have interest, it probably still need around 2 years before Bullrun but I think buying right now is a good investment to position for profit.

[salad daging]

I think the hope for a bull run will occur at the end of the year, the news that the halving day which will occur in early 2024 will certainly be taken seriously by investors so they will buy at the end of the year in the hope of selling after the halving day which usually increases by at least 200%, we'll see if the end of this year can touch $ 50k or not, if the price is still as it is today then the 2024 halving day will be as usual as it is today.

It can't be predicted with certainty whether it will be bullish at the end of the year or mid-year it is still unclear whether it will happen in 2024 or 2025, but my prediction is that in 2025 bullishness will come in that year.

Why should investors buy at the end of the year when it's bearish now is a good time?

I feel that when the halving occurs it may not rally that significantly but after the halving waiting between the range of 6-12 months may be the right time to wait for the bullish to come, but all do not know what happens later I think there is no harm in buying now rather than later.

[khiholangkang]

I think the hope for a bull run will occur at the end of the year, the news that the halving day which will occur in early 2024 will certainly be taken seriously by investors so they will buy at the end of the year in the hope of selling after the halving day which usually increases by at least 200%, we'll see if the end of this year can touch $ 50k or not, if the price is still as it is today then the 2024 halving day will be as usual as it is today.

Today the bearish still hasn't gone away, but we don't know if the end of the year will be bullish or not on bitcoin, or it just happens like now and revolves around $20k+ - $30k+ price level, we can't say for sure today, or talking about an increase maybe it could be more or it could be lower in the current halving cycle, what is certain that we need to do is continue to accumulate bitcoins when the market is still bearish like now.

I understand your point. It's difficult to predict whether the price of BTC will go up or down. There's a possibility that it could surpass 32k and continue rising to 40k or more. However, now, Bitcoin performing kinda weak as it can't maintain a value above the 20ma. In this situation, we might expect a decline to around 28k or even 25k. The next Bitcoin halving is expected to take place in April or May of 2024( however it's based on the number of blocks mined, rather than a time limit). I believe that most significant movements will occur in the third quarter. It will be interesting to observe how everything unfolds.

Yes, so far bitcoin has weakened again, the probability that might occur is a decline if you look at the current trend, talking about the anticipated halving or bullish related to the halving, it can happen before the halving and it can also happen after the halving, things like this often happen to us look at bitcoin, but what's certain is that if it happens as you say in Q3 2024, it's better to hold bitcoin until 2025, there is more appropriate with the 4 year bitcoin cycle moment and as we expect there will be formation of new highs price in bitcoin in that year.

[boltz]

We are between bull and bear market so it's very hard to tell in which way Bitcoin will go as summer cycle is still 1 month to go and we might see Bitcoin having another flash drop in price by the end of August.

After August , my assumption is that Bitcoin will slowly transit into a bull market and we should see most of the coins having a slow and steady increase in price but if this won't happen during this year , I'm afraid for 2024 when the halv happens.

[gabbie2010]

Even though the market looks difficult to go up but I'm sure the bull run will happen soon, before the bull run happens of course we have to have good preparation, namely by buying more, we will cry and regret when the bull run happens and we don't buy when the price is cheap, then hope the price is down and want to buy, now the opportunity is there and don't miss it.

Truly the market had not really experience a massive bullish run but I think the OP is trying to link the tweet by Binance owner on the news report by the China Central Television which portrays crypto market positively consequently might trigger a possible bullish run of the market because China is also one of the highest numbers of adopter of crypto and the news will encourage more Chinese to invest massively in crypto market, many Chinese will continue to buy Bitcoin thus the demand for the coin will increase sharply resulting in the upward movement of the price, though there isn't any remarkable bullish runs yet except on the 1st of August when the market pumped briefly unfortunately the bullish run could not be sustained.

[superman184]

I think the hope for a bull run will occur at the end of the year, the news that the halving day which will occur in early 2024 will certainly be taken seriously by investors so they will buy at the end of the year in the hope of selling after the halving day which usually increases by at least 200%, we'll see if the end of this year can touch $ 50k or not, if the price is still as it is today then the 2024 halving day will be as usual as it is today.

As usual, what do you mean? Because investors will only make purchases when they are absolutely sure of an improvement in market conditions next year or at the end of this year. As long as they are still not convinced to buy Bitcoin in large quantities at the end of this year or early next year, it means that there are still improvements that are not to the liking of many investors. So that of course this will not immediately encourage them to buy more Bitcoin at the end of this year so that the price will not immediately increase sharply in the market.

[doomloop]

I think bull run doesn't seem to be happening in the near future, even today the market is red again so it touches $28k, of course this makes me not think too short term, the thing that might make a bull run is early 2024 because there will be a halving day.

The halving won't happen in early 2024, it is estimated to occur in April, or maybe May, so that is in the second quarter which can't be considered early in my opinion. Also, we shouldn't really be expecting the bull run to occur directly after the halving event, it will probably take some time after the event, so there will be some patience-testing going on after the halving occurs next year. I'm not really in a hurry, I feel it's better if it happens slowly after the halving.

However, the whole industry is currently waiting for these two things, first the halving, and then the long-anticipated bull run which is expected to take Bitcoin beyond the last all-time high which was $69k. A lot of people are expecting it to cross $100k this time, but we are going to wait and see.

[Kemarit]

I think bull run doesn't seem to be happening in the near future, even today the market is red again so it touches $28k, of course this makes me not think too short term, the thing that might make a bull run is early 2024 because there will be a halving day.

The halving won't happen in early 2024, it is estimated to occur in April, or maybe May, so that is in the second quarter which can't be considered early in my opinion. Also, we shouldn't really be expecting the bull run to occur directly after the halving event, it will probably take some time after the event, so there will be some patience-testing going on after the halving occurs next year. I'm not really in a hurry, I feel it's better if it happens slowly after the halving.

However, the whole industry is currently waiting for these two things, first the halving, and then the long-anticipated bull run which is expected to take Bitcoin beyond the last all-time high which was $69k. A lot of people are expecting it to cross $100k this time, but we are going to wait and see.

As per history, it will be months before we can see a full blown bull run, so if the halving is around March-May, then at least 3rd quarter of 2024, we might see a slow phase and price starting to pick up.

Last quarter will be interesting, we could be seeing $69,000 being broken, so we will see new all time high. But it's not yet the final run, as we will see that throughout 2025, there will be a huge jump and in the end of that year, we might see 6 digits.

[ZAINmalik75]

Is the bull run near already?o late?

I think from current few important news Bull run are almost about to begin because according to Cointelegraph news publically listed mining companies want btc around 98k by halving time because thier main business model run on mining reward and after halving his reward will be cut down to half so during that time it will be very difficult for them to manage his business in profit, so I think it's a clear cut indication that as the number of days decrease to the halving the price of Bitcoin will raised more and more, so we can expect that Bitcoin will easily cross 40k till the end of the year.
So the point is that whales will push Bitcoin price till the requirement of mining companies obligatory because they have important role in crypto Space and whales can neglect them,
Some thing were happen in 2012 , 2015 , 2021 like Bitcoin make ATH of the year and then bull season begin so now btc also make ATH of the Year to so we can expect bull season too.