Is the bull run near already?

[fzkto]

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.

No one can say where the price of bitcoin or altcoins will end up tomorrow, a month from now, or a year from now. But globally bitcoin looks more like an uptrend now, because the price at the beginning of the year was half of what it is now. But altcoins have been in a bear market for a long time, because the price of almost all coins is constantly falling.

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[nurilham]

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.

Indeed. Halving triggers the bullrun season, but I'm not sure when the bullrun season starts. The bullrun season can start before the halving because of its hype. However, based on the history, the highest prices of Bitcoin or altcoins will be 1 year after the halving. If it is about crypto coin ATH, I agree it happens 1 year after the halving. But when the bullrun season starts, I assume it is not impossible to happen before the halving.

Sure, 2023 isn't the time for bullrun season. If we consider the 4 years cycle, 2022-2023 is the bearish season, then 2024-2025 is the time for bullrun season. If someone learns the cycle carefully, he shouldn't expect for the bullrun season this year.

[Pejoh Asu]

There are many predictions, especially discussions on social media that the bull run will soon occur at the end of the year, and the latest one states that the bull run will start in October or in about 2 months, of course we still have plenty of time and a good opportunity to buy more when the market is red so we can buy cheaply.

[taufik123]

-snip-
Sure, 2023 isn't the time for bullrun season. If we consider the 4 years cycle, 2022-2023 is the bearish season, then 2024-2025 is the time for bullrun season. If someone learns the cycle carefully, he shouldn't expect for the bullrun season this year.

Yes, not BullRun season, but 2023 is the end of the bear market and enters Bullrun or Pre-Bullrun season.
August-September is a bearish month every year and this is an opportunity for Bitcoin to fill the volume and go to the moon in the 2024 Halving and even better in 2025.

This is a prediction in conjunction with the past, how the past worked and the cycle continues.
See the image below of the cycle that runs every Halving.

2023 will be the start of it all, we just have to wait and see what happens, and don't forget to buy and hold for the long term.

[LittleBitFunny]

There are many predictions, especially discussions on social media that the bull run will soon occur at the end of the year, and the latest one states that the bull run will start in October or in about 2 months, of course we still have plenty of time and a good opportunity to buy more when the market is red so we can buy cheaply.

Look at the chart taufik123 provided us and if you believe history will repeat itself, there won't be any bull run this year. I also don't see any predictions of an early bull run at the end of the year like you said. Instead, 2023 is still a bearish year and suitable for us to accumulate more bitcoins in our pockets, so instead of expecting a bull run, we should focus on collecting bitcoins. Because even if the unexpected bull season comes at the end of the year, we won't get any benefit if we don't have bitcoins.

[lepbagong]

There are many predictions, especially discussions on social media that the bull run will soon occur at the end of the year, and the latest one states that the bull run will start in October or in about 2 months, of course we still have plenty of time and a good opportunity to buy more when the market is red so we can buy cheaply.

It seems that there are no encouraging signs to achieve the target because international market sentiment still shows no signs of improvement. You are right that at this time everything is like a race to analyze and determine that the time for the bull run is about to start, but the results are quite the opposite. Right now it tends to be stagnant, and when it increases, it won't take long to come back down, but I think maybe by the end of the year there will be a change to look forward to.I agree with you that at a time like this, it is the right time to keep buying.

[Kadal Ijo]

I think a bull run can occur if the price has reached $ 40k, now the big thing that must be passed by bitcoin is to be able to pass $ 30k, there was a price of $ 31k but not more than a day down again due to profit taking from investors.

[fzkto]

I think a bull run can occur if the price has reached $ 40k, now the big thing that must be passed by bitcoin is to be able to pass $ 30k, there was a price of $ 31k but not more than a day down again due to profit taking from investors.

You are probably right that bitcoin needs to break resistance and make it a support to start a new trend in the cryptocurrency market. But globally now many coins are at the bottom for a long time. It will not last long and a bull run is bound to happen.

[Captain Corporate]

Looks like its getting closer. I get that some people may not end up seeing it work at the time but that doesn't mean that we are going to not have it soon enough. I think its quite important to realize that we are at a stage where its going to be quite possible for the price to make as much profit as it possibly could. I think its going to be a great situation and we are going to end up with a great profit in the end. I get it, its not easy to be optimistic about bitcoin price after 1.5+ years of bear market and this is why everyone is trying to be more decent about it. But that doesn't mean that its going to fail, I think its going to be as good as it gets without a trouble from here on out.

[Falconer]

Looks like its getting closer. I get that some people may not end up seeing it work at the time but that doesn't mean that we are going to not have it soon enough. I think its quite important to realize that we are at a stage where its going to be quite possible for the price to make as much profit as it possibly could. I think its going to be a great situation and we are going to end up with a great profit in the end. I get it, its not easy to be optimistic about bitcoin price after 1.5+ years of bear market and this is why everyone is trying to be more decent about it. But that doesn't mean that its going to fail, I think its going to be as good as it gets without a trouble from here on out.

But what if in the end the price of bitcoin is not what many people think it is? I mean the price will not touch ATH after 2024 halving.
Anything can happen to an asset that has a high fluctuation rate like bitcoin, but bitcoin has also been chosen by most people just to make a profit and get out. Of course this will affect the value, but that's how the market works.

I also think that it is good to be optimistic about higher prices for bitcoin. Bitcoin has proven that it is an asset that performs well even during inflation, but we can never guarantee that this will happen in the future. Only hope and patience and strategy adjustments can help us get a return, but we are indeed on the way to another bull run.

[Bitcoin_people]

At the current state of the bitcoin market it will surely run into the bull market very soon. We have already seen many predictions on social media that the Bitcoin market will once again reach all-time highs in 2024. Bitcoin price will be in a good position when the bull market starts from the current position. We have seen that every 4 years Bitcoin halves and during that time cryptocurrency markets tend to rise. A few months ago the Bitcoin price was in a good position but now we are back to a position that is very close to a bull market. And according to the predictions of the wise men that we have seen, we can certainly indicate that the Bitcoin market will once again develop and go to a higher level.

[carlisle1]

I think a bull run can occur if the price has reached $ 40k, now the big thing that must be passed by bitcoin is to be able to pass $ 30k, there was a price of $ 31k but not more than a day down again due to profit taking from investors.

You are probably right that bitcoin needs to break resistance and make it a support to start a new trend in the cryptocurrency market. But globally now many coins are at the bottom for a long time. It will not last long and a bull run is bound to happen.

That kind of strong momentum may lead investors to show good support and start to throw money inside this market, it's not easy
though, as we players are just riding and trying to make more money.

But yes, if that new resistance will come up and support will continue to hold, we might see a good rally and may spark the momentum to
bring that strong bull.

All depends on how support will push and make that run to happen.

[Dave1]

Looks like its getting closer. I get that some people may not end up seeing it work at the time but that doesn't mean that we are going to not have it soon enough. I think its quite important to realize that we are at a stage where its going to be quite possible for the price to make as much profit as it possibly could. I think its going to be a great situation and we are going to end up with a great profit in the end. I get it, its not easy to be optimistic about bitcoin price after 1.5+ years of bear market and this is why everyone is trying to be more decent about it. But that doesn't mean that its going to fail, I think its going to be as good as it gets without a trouble from here on out.

Still take months for us to see the bitcoin bull run, we have to wait for it's final catalyst of halving before we can say that we are going to be in bullish state and it might run for another year or two and then we will see a new all time high.

So for us it looks like it is very far, and yet we all know that in crypto, how time flies. Next month we will be in the last quarter of the year, and after that end of 2023. We just need to be more patience though and wait till next year and then March we will have our block halving, give or take a few more days.

[Don Pedro Dinero]

Still take months for us to see the bitcoin bull run, we have to wait for it's final catalyst of halving before we can say that we are going to be in bullish state and it might run for another year or two and then we will see a new all time high.

So for us it looks like it is very far, and yet we all know that in crypto, how time flies. Next month we will be in the last quarter of the year, and after that end of 2023. We just need to be more patience though and wait till next year and then March we will have our block halving, give or take a few more days.

I think so. It looks like we are not going to have much joy in the next few months, and this almost flat price development will continue for a while longer. In the remaining 8 months or so until halving I expect the price to rise but not significantly. Only after the next halving I expect the good things to start, what we are all waiting for.

[khiholangkang]

Looks like its getting closer. I get that some people may not end up seeing it work at the time but that doesn't mean that we are going to not have it soon enough. I think its quite important to realize that we are at a stage where its going to be quite possible for the price to make as much profit as it possibly could. I think its going to be a great situation and we are going to end up with a great profit in the end. I get it, its not easy to be optimistic about bitcoin price after 1.5+ years of bear market and this is why everyone is trying to be more decent about it. But that doesn't mean that its going to fail, I think its going to be as good as it gets without a trouble from here on out.

Still take months for us to see the bitcoin bull run, we have to wait for it's final catalyst of halving before we can say that we are going to be in bullish state and it might run for another year or two and then we will see a new all time high.

So for us it looks like it is very far, and yet we all know that in crypto, how time flies. Next month we will be in the last quarter of the year, and after that end of 2023. We just need to be more patience though and wait till next year and then March we will have our block halving, give or take a few more days.

If we look at it from the time structure, it is still quite far to count until the bullrun arrives, the halving catalyst which is an indicator of price movement is also still quite far away and I think if we wait for it day by day it will be very long and tiring, letting it run as it should, it will make time go faster.
The bitcoin halving is currently 258 days away, of course that is a very long time.
After next month is the final quarter of the year, so let's hope that time flies fast and we enter the space in 2024.

I think so. It looks like we are not going to have much joy in the next few months, and this almost flat price development will continue for a while longer. In the remaining 8 months or so until halving I expect the price to rise but not significantly. Only after the next halving I expect the good things to start, what we are all waiting for.

Yeah maybe we won't be happy on the way forward, some time I came across information that Huobi has a problem, what I'm afraid is they become like FTX that crashes the market, hopefully that doesn't happen to Huobi and bitcoin can continue price development without any such pressure.

[$crypto$]

I think so. It looks like we are not going to have much joy in the next few months, and this almost flat price development will continue for a while longer. In the remaining 8 months or so until halving I expect the price to rise but not significantly. Only after the next halving I expect the good things to start, what we are all waiting for.

Yeah maybe we won't be happy on the way forward, some time I came across information that Huobi has a problem, what I'm afraid is they become like FTX that crashes the market, hopefully that doesn't happen to Huobi and bitcoin can continue price development without any such pressure.

I know about the news of Huobi being rumored to be going bankrupt but this has been denied by them as nothing will happen although we are concerned that this will hurt the market which is on the road to recovery.
I believe Huobi will definitely survive despite the bad news, I have to shift this view to bitcoin which is more towards halving in 2024, have to wait a little while making regular purchases.
Remember negative news will never disappear it will always be there so take advantage while this is a positive for you to have more bitcoin.

[bestcoins1]

I think a bull run can occur if the price has reached $ 40k, now the big thing that must be passed by bitcoin is to be able to pass $ 30k, there was a price of $ 31k but not more than a day down again due to profit taking from investors.

The price drop that had occurred from $31K to $29K in Bitcoin is perfectly normal if it was caused by investors taking profits. But I don't think that this is the work of Bitcoin investors, because most investors usually don't like to take small profits in the near future or a short time after investing. So this is more directed at the actions of traders who always really like to take profits quickly in a short time so they choose to sell before buying back at a cheaper price.

You are probably right that bitcoin needs to break resistance and make it a support to start a new trend in the cryptocurrency market. But globally now many coins are at the bottom for a long time. It will not last long and a bull run is bound to happen.

Resistance does need to be broken by Bitcoin, but it will also be very difficult to happen if buyers are still considering buying at a lower price. Because if there are no buyers for gradually higher prices, maybe price resistance at current levels will still last until the end of this year. Although I also estimate that the range of $ 40K can indeed be reached this year.

[TravelMug]

Still take months for us to see the bitcoin bull run, we have to wait for it's final catalyst of halving before we can say that we are going to be in bullish state and it might run for another year or two and then we will see a new all time high.

So for us it looks like it is very far, and yet we all know that in crypto, how time flies. Next month we will be in the last quarter of the year, and after that end of 2023. We just need to be more patience though and wait till next year and then March we will have our block halving, give or take a few more days.

I think so. It looks like we are not going to have much joy in the next few months, and this almost flat price development will continue for a while longer. In the remaining 8 months or so until halving I expect the price to rise but not significantly. Only after the next halving I expect the good things to start, what we are all waiting for.

Yes, I'm seeing that we could be stuck in the next few months again, sideways patterns that we used to at the start of April and has been going for about 2 weeks. So for some it's a bad sign because in a sideways pattern, no one is profiting and it was like going on a flat line.

Nevertheless, still a time of accumulation because the price is still cheap and it's a great opportunity. We could be using DCA strategy to do that and then wait till the halving next year as this is the official start of the bullish trend.

[Rupok]

I think there is still an opportunity to buy Bitcoin as we expect a bull run towards the end of the year.  Since China has lifted restrictions on cryptocurrencies, the market may be more likely to turn bullish. A bull run tends to occur towards the end of the year.  I think we haven't reached the bull market yet so it's a good chance we can buy cheap.  As Bitcoin has moved from 15k to 30k+ levels we can assume a bull run season is coming.Even if the market does not reach a bull run, good profit can be made from the change in price observed at the end of the year.

[CageMabok]

I think there is still an opportunity to buy Bitcoin as we expect a bull run towards the end of the year.  Since China has lifted restrictions on cryptocurrencies, the market may be more likely to turn bullish. A bull run tends to occur towards the end of the year.  I think we haven't reached the bull market yet so it's a good chance we can buy cheap.  As Bitcoin has moved from 15k to 30k+ levels we can assume a bull run season is coming.Even if the market does not reach a bull run, good profit can be made from the change in price observed at the end of the year.

The lifting of cryptocurrency restrictions in China can indeed be an influence for bullruns, but I don't really care about news about things related to China because in the past there were also lots of news about China regarding cryptocurrency. But everything went beyond the predictions of many people because other countries can also have influence on the bullrun on the market, so for now I no longer see China as a specific reference for bullruns.

In terms of opportunity and opportunity, yes, it's still pretty good to buy Bitcoin under $30K because the bullrun forecast might not be around for a long time although I also don't think that it will happen in the near future so I would also recommend continuing to buy without thinking that is because one day it will indeed come when the time comes.